by RH Advisors

See Home Value
$5,810,000
House - Off Market

1229 Coral Way

Coral Gables, FL 33134
bedrooms
5 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
6288 Sqft
$33,579
Estimated Monthly
$0
HOA / Fees
1.07%
Cap Rate

About This Property

Palm Beach elegance meets historic Coral Way! With impressive architecture this walled & gated 5 BR/5.5 BA home sits on 18,020 SF lot surrounded by a 30' privacy hedge. This residence was effectively rebuilt in 2000, bringing it to 6,690 SF designed for entertaining. Enter via a foyer overlooking a courtyard & water fountain. A formal living rm w/impressive fireplace & wood-beamed ceilings sits adjacent to a piano rm, the dining rm leads to the Clive Christian kitchen w/marble & butcher block island, & top-of-the-line appliances. The family rm & 2 BRs are on the 1st floor, as well as a covered outdoor liv area, summer kitchen, mosaic pool, & turf & tile patio. Via a sweeping staircase, the 2nd floor is home to dedicated study, 2 BRs & Bas, & primary suite w/ custom closets & spa-like bath.
Unit Size
6,288Ft²
Days on Market
288 days
Land Size
0.41 acres
Price per sqft
$993
Property Type
House
Property Taxes
$2,915
HOA Dues
-
Year Built
1937
Last updated: 4 months ago (Miami MLS #A11360974)

Price History

Date / Event Date Event Price
Jan 8, 2024 Sold to Deborah Pagani, Marcos Pagani $5,810,000
Sold to Deborah Pagani, Marcos Pagani
Nov 2, 2023 In contract -
In contract
Oct 2, 2023 Price Decreased $6,245,000
↓ $250K (3.9%)
Price Decreased
Aug 10, 2023 Price Decreased $6,495,000
↓ $200K (3%)
Price Decreased
Jun 13, 2023 Price Increased $6,695,000
↑ $200K (3.1%)
Price Increased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Quality: A
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 18,020
  • Lot Size Depth Feet: 1,680
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 5,973
  • Gross Building Area: 5,973
  • Building Area: 5,973
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,973
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CORAL GABLES
  • Land Acres: 0.414
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CORAL GABLES SEC E PB 8-13 LOTS 17 & 18 BLK 7 LOT SIZE 107.26 X 168 FT OR 20597-4026 08/2002 1

Ownership

  • Current Owner : PAGANI MARCOS
  • Current Owner 2: PAGANI DEBORAH
  • Previous Owner : CARLO JOSE DANIEL
  • Previous Owner 2: CARLO TINA M
  • Owner Before Previous Owner: AUGUSTO G CASAMAYOR I
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: CORAL GABLES
  • Census Tract: 006103

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 243
  • District: 03
  • Parcel: 03-4107-016-1140
  • Block: 7
  • Lot: 17,18
  • Meridian: SEC 07 TWN 54S RNG 41E
  • Municipality: CORAL GABLES
  • Latitude: 25.749
  • Longitude: -80.2804

    Address

  • Full Address: 1229 Coral Way
  • Address - House Number: 1229
  • Address - Street Name: Coral
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Coral Gables
  • Carrier Code: C020
  • 4-Digit Zip Code: 4753
  • Zip Code: 33134

Valuation

    Tax

  • Total Area: 5,973
  • Tax Year: 2023
  • Tax Amount: $36,080
  • Tax Rate Code Area: 300

    Appraisal Valuation

  • Standard Deviation: 0.1788
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 5,114,079
  • High Value: 6,028,916
  • Low Value: 4,199,242

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,900,000
  • First Open Lien Mortgage Lender: CITIZENS BANK, N.A.
  • First Open Lien Mortgage Recording Date: Jan 08, 2024
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $3,900,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2054

    Market Valuation

  • Market Total Value: $2,879,654
  • Market Land Value: $1,261,400
  • Market Improvement Value: $1,618,254

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,956,544

    Sales

  • Current Sale Contract Date: Jan 04, 2024
  • Current Sale Recording Date: Jan 08, 2024
  • Current Sale Transaction ID: 11919182142
  • Current Sale Price: $5,810,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 16880
  • Previous Sale Recording Date: Aug 15, 2002
  • Previous Sale Amount: $1,400,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIZENS BANK, N.A.
  • First Mortgage Transaction Date: Jan 08, 2024
  • First Mortgage Loan Amount: $3,900,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2054

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
7 Baths
5,531 ft²
$1,092/ft²
$6,040,000 Aug 15, 2023
$6,040,000 Nov 17, 2023
$3,971/mo
House
5 Beds
7 Baths
3,954 ft²
$1,290/ft²
$5,100,000 May 20, 2023
$5,100,000 Oct 11, 2023
$3,883/mo
House
7 Beds
9 Baths
5,323 ft²
$1,236/ft²
$6,580,000 Jun 1, 2023
$6,580,000 Aug 30, 2023
$2,771/mo
House
7 Beds
8 Baths
6,330 ft²
$774/ft²
$4,900,000 Jul 13, 2023
$4,900,000 Oct 2, 2023
$3,006/mo
Condo
8 Beds
12 Baths
9,086 ft²
$440/ft²
$4,000,000 Apr 1, 2023
$4,000,000 Dec 22, 2023
$8,655/mo
House
6 Beds
7 Baths
5,005 ft²
$1,099/ft²
$5,500,000 Oct 27, 2023
-
$2,816/mo
House
4 Beds
4 Baths
4,997 ft²
$1,101/ft²
$5,500,000 Aug 30, 2023
-
$1,140/mo
House
6 Beds
7 Baths
4,028 ft²
$1,291/ft²
$5,200,000 Aug 16, 2023
-
$3,297/mo
House
6 Beds
7 Baths
5,044 ft²
$1,170/ft²
$5,899,000 Jul 16, 2023
-
$2,234/mo
Condo
4 Beds
5 Baths
3,539 ft²
$1,740/ft²
$6,158,568 Apr 7, 2023
-
$7,536/mo
House
7 Beds
10 Baths
10,706 ft²
$509/ft²
$5,450,000 Jun 29, 2023
-
$4,718/mo

About Coral Gables Section


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Frequently Asked Questions

When was property at 1229 Coral Way built and last sold?
The property at 1229 Coral Way was built in 1937 and last sold on Jan 4, 2024 for $5,810,000.
How much is this home worth?
The estimated value of the home located at 1229 Coral Way is $6,559,950.
What are some comparable homes to 1229 Coral Way?
Homes that are comparable to 1229 Coral Way include a house property at 1321 Sevilla Avenue, 928 Palermo Avenue, 2616 Granada Boulevard.

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