$1,300,000
●
House -
Off Market
4140 Lybyer Avenue
Coconut Grove, FL 33133
2 Beds
1 Bath
1,253 Ft²
$9,251
Est. Monthly
About This Property
Imagine living in this exotic Coconut Grove wonderland, with dozens
of towering palms, Majestic oaks, and bamboo.
The property features a natural-style pond and waterfall surrounded by a lush, colorful tropical garden. Imagine sipping your morning coffee or entertaining dinner guests within this stunning tropical paradise!
Conveniently located off main arteries, the low-key street and neighborhood are dense with durable oaks and other tropical trees that make Coconut Grove one of the most unique and desirable locations in South Florida.
Priced for the land value, the property includes an artist/designer's small two-bedroom, one-bath home that may be of use until your new dream home construction begins... or use the existing home as a basis for expansion. This 60'x140' property is just over a mile from the heart of quaint downtown Coconut Grove, CocoWalk, Peacock Park, and more, and just a half-mile from Coral Gables' beautiful Merrick Place and Coral Gables High School. This unique property is among the highest elevations in Miami-Dade County outside of the flood zone.
The property features a natural-style pond and waterfall surrounded by a lush, colorful tropical garden. Imagine sipping your morning coffee or entertaining dinner guests within this stunning tropical paradise!
Conveniently located off main arteries, the low-key street and neighborhood are dense with durable oaks and other tropical trees that make Coconut Grove one of the most unique and desirable locations in South Florida.
Priced for the land value, the property includes an artist/designer's small two-bedroom, one-bath home that may be of use until your new dream home construction begins... or use the existing home as a basis for expansion. This 60'x140' property is just over a mile from the heart of quaint downtown Coconut Grove, CocoWalk, Peacock Park, and more, and just a half-mile from Coral Gables' beautiful Merrick Place and Coral Gables High School. This unique property is among the highest elevations in Miami-Dade County outside of the flood zone.
Unit Size
1,253 Ft²
Days on Market
298 days
Land Size
0.19 acres
Price per sqft
$1,436
Property Type
House
Property Taxes
$417
HOA Dues
-
Year Built
1945
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (Beaches MLS #R10863760)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 15, 2023 | Sold | ||
| Sold | |||
| Aug 25, 2023 | No longer available | - | |
| No longer available | |||
| Jul 28, 2023 | Price Decreased |
$1,875,000
↓ $25K
(1.3%) | |
| Price Decreased | |||
| Jun 8, 2023 | Price Decreased |
$1,899,999
↓ $50K
(2.6%) | |
| Price Decreased | |||
| May 21, 2023 | Price Decreased |
$1,950,000
↓ $250K
(11.4%) | |
| Price Decreased | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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Asking Price
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Sold On
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HOA + Taxes
About Southwest Coconut Grove
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Listed by: Greg A Hark
United Realty Group, Inc
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# R10863760
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
United Realty Group, Inc
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# R10863760
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