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
Sold for $2,800,000
$2,800,000
4851 University Dr, Miami, FL 33146
8beds
4baths
3,726sqft
Duplex
Built in 1962
-- sqft lot
$-- Zestimate®
$751/sqft
$7,728 Estimated rent
Home value
Not available
Estimated sales range
Not available
$7,728/mo
Zestimate® history
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List your homeWhat's special
Rare waterfront opportunityDirect water frontageOversized waterfront siteEnduring architectural appealQuiet residential enclaveIndoor-outdoor livingSurrounded by high-end homes
Zillow last checked:
Listing updated:
Listed by:
Pilar Aparicio 305-333-2550,
Compass Florida, LLC
Bought with:
Alejandro Tabosky, 3059980
Brokers, LLC
Source: MIAMI,MLS#: A11953185
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Ceiling Fan(s), Central Air, Electric
Features
- Stairs
- Flooring: Ceramic Tile, Tile, Wood
- Windows: Blinds
Interior area
- Total structure area: 3,726
- Total interior livable area: 3,726 sqft
Property
Parking
- Total spaces: 4
Features
- Stories: 2
- Exterior features: Balcony, Room For Pool
- Waterfront features: Canal Front, Fixed Bridge(S), Navigable Water, Ocean Access
- Frontage length: 78
Lot
- Features: 1/4 To Less Than 1/2 Acre Lot
Details
- Parcel number: 0341190200010
- Zoning: 5900
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Duplex
Materials
- CBS Construction
- Roof: Flat Tile
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & neighborhood
Location
- Region: Miami
- Subdivision: Coral Gables Riviera Sec,Gables Riviera
HOA & financial
HOA
- Has HOA: Yes
Other financial information
- Total actual rent: 103200
Other
Other facts
- Listing terms: All Cash,Conventional,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2026 | Sold | $2,800,000$751/sqft |
Source:  MIAMI #A11953185 Report a problem | ||
| 2/25/2026 | Pending sale | $2,800,000$751/sqft |
Source: MIAMI #A11953185 Report a problem | ||
| 2/1/2026 | Price change | $2,800,000+69.7%$751/sqft |
Source: MIAMI #A11953185 Report a problem | ||
| 9/11/2018 | Price change | $1,650,000+13.8%$443/sqft |
Source: Fortune International Realty #A10455317 Report a problem | ||
| 7/9/2018 | Price change | $1,450,000-3.3%$389/sqft |
Source: Fortune International Realty #A10455317 Report a problem | ||
| 4/19/2018 | Listed for sale | $1,500,000+15.4%$403/sqft |
Source: Fortune International Realty #A10455389 Report a problem | ||
| 2/19/2015 | Sold | $1,300,000+261.1%$349/sqft |
Source: Agent Provided Report a problem | ||
| 12/14/1998 | Sold | $360,000$97/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2016 | $20,837 +50.8% | $1,083,892 +75.1% |
| 2015 | $13,817 +20.8% | $618,915 +10% |
| 2014 | $11,434 +14.3% | $562,650 +8.6% |
| 2013 | $10,004 +0% | $518,208 +3.6% |
| 2012 | $10,004 -8.9% | $500,415 -7.5% |
| 2011 | $10,977 -17.7% | $540,736 -11.6% |
| 2010 | $13,334 +0.2% | $611,664 -5.5% |
| 2009 | $13,303 -27% | $647,231 -30.7% |
| 2007 | $18,236 +20.4% | $933,831 |
| 2006 | $15,152 | -- |
| 2005 | $15,152 +48.9% | -- |
| 2004 | $10,177 +21.6% | -- |
| 2003 | $8,370 +20.8% | -- |
| 2002 | $6,926 | -- |
| 2001 | $6,926 | -- |
Find assessor info on the county website
Neighborhood: Riviera
Nearby schools
GreatSchools rating
- 9/10David Fairchild Elementary SchoolGrades: PK-5Distance: 1 mi
- 6/10Ponce De Leon Middle SchoolGrades: 6-8Distance: 0.7 mi
- 5/10Coral Gables Senior High SchoolGrades: PK,9-12Distance: 0.7 mi
- Florida
- Miami-Dade County
- Coral Gables
- 33146
- Riviera
- 4851 University Dr
Nearby cities
Nearby neighborhoods
Nearby zip codes
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