Apartments Coral Gables Riviera Sec

$ 2,800,000
  • 8 bed
  • 4 bath
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Details
    • Listed on:
      February 01, 2026
    • Days on Market:
      1
    • Maintenance:
      n/a
    • Taxes:
      $ 27,808 per year
    • Year:
      1962
    • Furniture:
      -
    • Floor Description:
      Ceramic Floor, Tile, Wood
    • Terms Considered:
      Cash, Conventional
    • View from Apartment:
      Canal
    • Parking:
      -
  • Interior Features:
    • First Floor Entry
    • Second Floor Entry
  • Exterior Features:
    • Other
    • Open Balcony
  • Legal Description:
    200 east palmetto park condo unit ph -1
Description
Waterfront Redevelopment Opportunity of a dual-unit building on Waterway. Investor-focused opportunity along the prestigious Coral Gables Waterway. This distinctive offering includes two condo units sold together as a single building, positioned on an oversized waterfront lot ideal for redevelopment, renovation, or the creation of a bespoke luxury residence with potential for dock(s) and boating structures. The square footage shown reflects one unit; the total building size is 3,726 SF, providing exceptional scale for reconfiguration or expansion. Surrounded by high-end homes in a quiet residential enclave, the property offers direct water frontage and compelling long-term value. Currently income-producing with leases in place, buyers can offset holding costs while planning, designing, and permitting a future vision. Opportunities with this size, flexibility, and premier location are increasingly scarce. Ideal for an end-user, builder, or investor seeking a signature waterfront estate defined by privacy, seamless indoor-outdoor living, and timeless architectural appeal. Note: Two folio numbers; sale includes Folio #03-4119-020-0010. MLS A11953185.
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