23 Majorca Ave

Single Family Home

23 Majorca Ave

$1,975,000

23 Majorca Ave, Coral Gables, FL, 33134

23 Majorca Ave photo 1
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LIST PRICE$1,975,000
BEDROOMS8
BATHROOMS4
HOUSE sq ft4,200
LOT sq ft5,640

Take a closer look

HOA: request current costs · Last reported tax: $21,045/yr

Estimate monthly payment, including HOA and taxes

Monthly Payment

$13,242/mo

Principal & interest$10,501
Property taxfrom listing$1,754
Homeowners insuranceestimate$988

$395,000 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

Rare Coral Gables fourplex with two paths to value. Hold it as a stabilized income-producing asset, or convert it to a single-family estate in one of the Gables’ most sought-after residential pockets. 5,640 SF lot on a tree-lined street, minutes from Miracle Mile, Downtown Coral Gables, the University of Miami, and Merrick Park. Four separate units 2-Bedroom / 1- Bath, Fully leased for a year. The Gables’ strict single-family premiums, limited supply, and lasting demand make this one of the few chances to buy here with an income cushion while you plan the conversion. Buyer to verify zoning, permitting, and conversion feasibility with the City of Coral Gables. Tenant-occupied; showings by appointment with notice. Rent roll and OM available on request.

Property Details

$1,975,000
Property Type
Residential
Subtype
Single Family Residence
Year Built
1949
Status
Active
MLS #
A12103363
Living Area
4,200 sq ft
$/Sq Ft (Living)
$470
Lot Size
5,640 sq ft
$/Sq Ft (Lot)
$350
Annual Taxes
$21,045
Days on Market
2

Notable Features

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Location

23 Majorca Ave, Coral Gables, FL, 33134