502 Madeira Ave, Coral Gables, FL 33134

$1,849,000 Asking Price

4 beds
2 baths
2,468  sqft
Built in 1925

Rare opportunity! Residential property with income-producing possibilities. In the heart of Coral Gables in the 500 block of Madeira. It sits on a beautiful tree-lined street with a short walk to Granada Golf Course, Miracle Mile, Alhambra Circle, restaurants, beauty salons, and the Venetian pool. Initially, it was a duplex, but somebody converted it to a single-family home and then returned to a duplex. The use is grandfathered, but this property would make a beautiful home. It has a great terrace in the front and a big balcony on the second floor. Unlike most RI properties in the Gables, which are located in a more commercial zone and will need to remain as a duplex, here you can refurbish the interior of a brand-new single-family home. Sold As-is. Please See the supplemental remarks

Features & Amenities

Interior

General:
First Floor Entry, Second Floor Entry, Closet Cabinetry, French Doors, Family Room
Appliances:
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
Flooring:
Tile
A/C:
true, Central Air, Electric
Heating:
true, Central, Electric
Fireplace:
Fireplace, Decorative, Fireplace

Exterior

General:
Open Balcony, Room For Pool
Style:
Detached, Two Story
Parking:
Driveway

Construction

Roofing:
Barrel Roof, Flat Roof With Facade Front
General:
CBS Construction, Elevated Construction

Location

Originating MLS:
Miami Association of REALTORS®
County:
Miami-Dade County

Lot

Zoning:
0100, 8 54 41 CORAL GROVES PB 15-72 LOT 11 BLK 5 LOT SIZE 50.000 X 135 OR 15257-1209 1091 4, 03-41-08-003-0860
View:
None

Utilities

Utilities:
Circuit Breakers
Water:
Municipal Water
Sewer:
Public Sewer

Financial

Source:
Miami Association of REALTORS®

This listing courtesy of:
The Keyes Company, Manuel Arvesu

About Miami, FL

Housing

Number of Units
711,975
Median Home Value
$380,974
Median Rent
$1,338

49.94% of housing units are renter occupied.

8.26% are vacant.

Commute

Car
71.69%
Public Transportation
3.80%
Walk to Work
1.60%
Work from Home
21.37%
Other
1.11%

The median travel time to work is 29 minutes.

People

Population
1,830,481
Median Age
41.50
Median Household Size
2.91

Education

High School
24.77%
Associate’s Degree
8.99%
Bachelor’s Degree
21.60%
Graduate Degree
13.31%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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