61 Edgewater Dr Coral Gables, FL 33133
SOLD FOR
$2,857,263
$3,633,000
(6.4%)
Overview
- Status: Closed
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 6,772 ft2/629.14 m2
- Price Per: $502.07 ft2/$5,404.21 m2
- Type: Commercial/Investment
- Built: 1959
- HOA: No info
- MLS Number: A11489075
- View No info
- On Site: 183 days
- Updated: Listing Refreshed: 5 Days Ago
ONE OF A KIND BUILDING FOR SALE! Presenting a unique 2-story, 8-unit property situated in the esteemed city of Coral Gables, prominently located on the sought-after street of Edgewater Drive in PRIME LOCATION! Comprising four 1-bedroom/1-bathroom units & four 2-bedroom/2-bathroom units, this apartment building offers an outstanding development opportunity for any investor. Buildings like this don't come around often. Income in place while developing plans. Rents below market. Room for rent increase. This building enables an investor to acquire a stabilized, turn-key operation of a well-maintained apartment building in a high-barrier-to-entry Coral Gables Market. PLEASE DO NOT DISTURB TENANTS!
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 05/15/2024 | Sold | $2,857,263.00 | 16.0% | $421.92 ft2/$4,541.54 m2 |
| 01/12/2024 | Price Reduced | $3,400,000.00 | 2.9% | $502.07 ft2/$5,404.21 m2 |
| 12/20/2023 | Price Reduced | $3,500,000.00 | 3.7% | $516.83 ft2/$5,563.16 m2 |
| 11/20/2023 | Listed | $3,633,000.00 | $536.47 ft2/$5,774.56 m2 |
Contact Information
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
This property is courtesy of the One Sotheby's International Realty. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.