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401 Coral Way

401 Coral Way, Miami, FL 33134
401 Coral Way in Miami, FL was first built in 1956 and is 68 years old. Although, the building on the property was most recently renovated and altered in 1971. This has been categorized as a office property type. There are a total of 4 floors. 401 Coral Way has 47,688 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 20,650 square feet.

Learn more about the property and building on this page. The home has a prestress concrete style roof. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. The exterior walls of the home are made of concrete block. Walk into the home itself and you'll find that it is currently being cooled with a chilled water air conditioning system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 401 Coral Way sold most recently in Jan 1, 1970 for a total of $100. If you work out the math, that's approximately a cost of $0.00 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $148,269 in taxes each year. The initial year of tax delinquency occurred in 2012. 401 Coral Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $7,718,289. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190614
06/14/2019
Loft
-
47688 ft²
$375,000
bedrooms
Loft
bathrooms
-
square feet
47688 ft²
-
-
-
Bryan Roach
Home Miami LLC Realtors

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Prestress concrete
  • Floor Count: 4
  • Business/Commerical Units Count: 49
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,650
  • Total Building Area: 47,688
  • Gross Building Area: 47,688
  • Building Area: 47,688
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Chilled water air conditioning system
  • Heating: unknown
  • Heated Square Feet: 47,688
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Office
  • Subdivision: GABLES
  • Land Acres: 0.474
  • Standard Land Use Code: Commercial office (general)
  • State Land Use Code: Petroleum & gas wells (misc.)
  • Legal Description 1: 7 8 54 41 C GABLES SEC B PB 5-111 LOT 12 LESS BEG SW COR N110FT E 7.13FT SW110.21FT TO POB & LOT 13 LOT 14 LESS W30FT & BEG SE COR LOT 11 NELY ALG W/L OF THAT PT LOT 12 INC IN THIS PARCEL FOR 16FT SWLY TO PT ON S/L LOT 11 7.25FT WLY OF SE COR LOT 11

Ownership

  • Current Owner : RAKOFSKY LP
  • Previous Owner : SANFORD RAKOFSKY I
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: CORAL GABLES
  • Census Tract: 006206

Zoning

  • Zoning: 5003

Geography

  • Assessors Map Reference: 244
  • District: 03
  • Parcel: 03-4108-001-1290
  • Block: 8
  • Lot: 12
  • Meridian: SEC 08 TWN 54S RNG 41E
  • Municipality: CORAL GABLES
  • Latitude: 25.7499
  • Longitude: -80.2632

    Address

  • Full Address: 401 Coral Way
  • Address - House Number: 401
  • Address - Street Name: Coral
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Coral Gables
  • Carrier Code: C040
  • 4-Digit Zip Code: 4930
  • Zip Code: 33134

Valuation

    Tax

  • Total Area: 47,688
  • Tax Year: 2023
  • Tax Amount: $148,269
  • Intital Tax Deliquent Year: 2012
  • Tax Rate Code Area: 300

    Market Valuation

  • Market Total Value: $8,270,000
  • Market Land Value: $8,260,000
  • Market Improvement Value: $10,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,718,289

    Sales

  • Current Sale Recording Date: Jul 18, 2001
  • Current Sale Transaction ID: 11459609068
  • Current Sale Price: $100
  • Current Sale Document Type: Warranty Deed

About Coral Gables Section



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Frequently Asked Questions

What neighborhood is 401 Coral Way located in?
The 401 Coral Way is a commercial located in the neighborhood of Coral Gables Section in Coral Gables Section, Miami.
What is the average sales price for listings in 401 Coral Way?
The average sales price for units in 401 Coral Way is $0 currently.

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