446 Madeira Ave

Single Family Home

Active Under Contract

446 Madeira Ave

$1,898,000

446 Madeira Ave, Coral Gables, FL, 33134

446 Madeira Ave photo 1
1 / 31
1 / 31
LIST PRICE$1,898,000Price Reduced: -$402K
BEDROOMS4
BATHROOMS4.5
HOUSE sq ft1,195
LOT sq ft10,050

Take a closer look

HOA: request current costs · Last reported tax: $23,074/yr

Estimate monthly payment, including HOA and taxes

Monthly Payment

$12,964/mo

Principal & interest$10,092
Property taxfrom listing$1,923
Homeowners insuranceestimate$949

$379,600 down

Principal & interest is exact for these inputs. Tax and HOA come from the listing; rate, insurance are editable estimates. Not a loan offer.

Overview

Exceptional opportunity in the heart of Coral Gables to build a one-of-a-kind luxury residence on a prime 10,050 SF lot. Offered at a newly reduced price for a quick sale, this property includes plans for a thoughtfully designed 4,605 SF two-story Mediterranean-inspired home featuring elegant indoor-outdoor living, a chef's kitchen, expansive living and dining areas, luxurious primary suite, guest accommodations, covered terrace, custom BBQ area, and resort-style pool. The most significant milestone has already been secured: approval by the Coral Gables Board of Engineers, a critical step that can save substantial time, cost, and uncertainty. The project is advancing through permitting and is believed to be nearing final Master Permit approval. Property is being sold AS-IS, and Buyer will be responsible for completing all remaining permits and approvals after closing. Ideal for investors, builders, or end-users seeking to create a custom luxury residence. Seller may also be available to build the project under a separate agreement. Located on a picturesque tree-lined street near Miracle Mile, Merrick Park, fine dining, golf, parks, and top-rated schools. Opportunities with Board of Engineers approval already secured are rare and provide a valuable head start in the development process. A unique chance to create a signature residence in one of South Florida's most prestigious communities.

Property Details

$1,898,000Price Reduced: -$402K
Property Type
Residential
Subtype
Single Family Residence
Year Built
2026
Status
Active Under Contract
MLS #
A11936581
Living Area
1,195 sq ft
$/Sq Ft (Living)
$1,588
Lot Size
10,050 sq ft
$/Sq Ft (Lot)
$189
Annual Taxes
$23,074
Days on Market
219

Notable Features

Scenic ViewsLarge Lot

Location Scores

Location

446 Madeira Ave, Coral Gables, FL, 33134