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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What's special

Rare waterfront opportunityDirect water frontageOversized waterfront siteEnduring architectural appealQuiet residential enclaveIndoor-outdoor livingSurrounded by high-end homes

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

Facts & 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
On waterfront: Yes
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 & HOA

Community

Subdivision: Coral Gables Riviera Sec,Gables Riviera

HOA

Has HOA: Yes

Location

Region: Miami

Financial & listing details

Price per square foot: $751/sqft
Tax assessed value: $1,083,892
Annual tax amount: $27,808
Date on market: 2/1/2026
Listing terms: All Cash,Conventional,VA Loan
Total actual rent: 103200

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	--