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$3,400,000
$2,857,264
Sold

61 Edgewater Dr

·

Miami-Dade

Sold on May 15, 2024

MultiFamily

MLS® # A11489075
Bedrooms
0 Beds
Bathrooms
0 Baths
Size
$10,000 sqft
Parkings
0
Maintenance Fees
-
Annual Tax
$24,212

Description

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!

One Sotheby's International Realty

Features & Details

Learn about the features and details of 61 Edgewater Dr

Property Details

  • Property Type
    MultiFamily
  • Living Area
    -
  • Year Built
    1959
  • Lot Size
    10,000 sqft
  • Stories
    -
  • Annual Tax
    $24,212.00
  • List Date
    11/20/2023
  • Updated
    6/9/2025
  • Last Checked
    Recent
  • MLS Number
    #A11489075
  • Brokerage
    One Sotheby's International Realty
  • Postal Code
    33133
  • Area
    Miami-Dade
  • City
    -

Additional Property Features

  • Occupancy
    Tenant
  • List Price
    $3,400,000.00
  • Unit Number
    -
  • Construction
    Construction
  • Heating
    WindowUnit,WallFurnace
  • Fireplaces
    -
  • Garage
    -
  • Parking Type
    No
  • Pets Allowed
    No
  • Air Conditioning
    Wall Window Units
  • Elevator
    No
  • Locker
    No
  • Swimming Pool
    No
  • Patio
    No
  • Basement
    No
  • Den
    No
  • Central Vacuum
    No
  • Garage Type
    No

Additional Listing Information

  • Walk Score
    –
  • Property Manager
    -
  • Utilities Included
    None
  • Furnished
    No
  • Assessment Year
    2023
  • Assignment
    No
  • Extras Included
    None

Inside

  • Bedrooms & Baths
    0 Bed, 0 Bath
  • Ensuite
    Yes
  • Bathrooms
    0
  • Flooring
    Mixed

Price history

Learn about the price history of 61 Edgewater Dr

Virtual Tour

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Real estate trends

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Explore Miami-Dade

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Mortgage Calculator
Estimate monthly payments for 61 Edgewater Dr
20.5%100%
Estimated Monthly Payment
$13,696
Cash Flow Analysis
Mortgage Payment:
$13,696
Monthly Payment:
$15,713.67
Break Even Down Payment:
100%
Cash Flow
$0

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About this property

Discover this exceptional multifamily in the heart of . Originally built in 1959. Offered at $3,400,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.

FAQs About 61 Edgewater Dr

Miami Association of REALTORS®
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
©2025 Miami Association of REALTORS® all rights reserved.
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61 Edgewater Dr