Coral Gables Riviera Sec Duplex For Sale
4851 University Dr, Coral Gables, FL 33146

$2,800,000
New For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A11953185
  • Virtual Tour: YES
  • List Price: $2,800,000
  • Living Area: 3726 Ft² / 346 M²
  • Price Per Foot/Meter: $751 / $8,089
  • Taxes:$27,808
  • Year Built:1962
  • Waterfront:YES
  • Listing Date:February 1, 2026

Description


Rare waterfront opportunity along the Coral Gables Waterway. This unique offering consists of two condo units within a single structure, positioned on an oversized waterfront site ideal for redevelopment into a bespoke luxury residence. And the addition or dock(s) and boating structures. The property offers direct water frontage in a quiet residential enclave surrounded by high-end homes, presenting exceptional long-term value in one of Coral Gables’ most prestigious neighborhoods. Currently income-producing with leases in place, allowing a buyer to offset holding costs while planning, designing, and permitting a future redevelopment. Opportunities of this scale, orientation, and flexibility are increasingly scarce. Ideal for a luxury end-user builder or buyer seeking to create a one-of-a-kind waterfront home with privacy, indoor-outdoor living, and enduring architectural appeal. NOTE THERE ARE 2 FOLIO NUMBERS THE SALE INCLUDES FOLIO #03-4119-020-0020. DO NOT DISTURB THE TENANTS

Features


  • Waterfront:CanalFront, FixedBridge, NavigableWater, OceanAccess
  • Floor:CeramicTile, Hardwood, Tile, Wood
  • Exterior Feature:Balcony, RoomForPool

Location


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker