4209 Granada Boulevard
About This Property
A most magnificent estate designed in 1951 by modernist American architect Alfred Browning Parker. Influenced by Frank Lloyd Wright but with regional touches, and considered one of the best-known post World War II residential architects, Browning Park gained fame for his highly published modern Miami houses. Situated on .66 acres with mature trees, circular driveway, this grand, and very well elevated 5240 SQ ft residence is comprised of 5 bedrooms and 4.5 bathrooms, including a den library and a separate 1 bed / 1 full bath pool-side guest suite. The main double-doored covered entrance leads to the first huge livingroom graced with a cathedral ceiling and a Browning Parker signature stone fireplace. The second great room consists of an oversized living and dining room with open floor plan, built in bar and grill station, so perfectly suited for entertaining. Beautiful Italian marble and original Terrazo floors are throughout the house. The palace sized Master bedroom features a fully marbled designer spa, steam bath and jacuzzi which flows onto an outdoor Italian tiled private morning terraced breakfast area. All bedrooms have en suite bathrooms. The sit-in kitchen includes 2 separate pantries.
Large swimming pool 18 x 42' with diving board is surrounded by a large tiled veranda ideal for outdoor entertainment.
A separate driveway leads to a spacious garage with high ceiling, suitable for 3 vehicles and ample storage.
The property is within walking distance to Coral Gables Senior High School, George W. Carver Elementary School and Ponce de Leon Middle School.
Enjoy the convenience of living within minutes of downtown Miami as well as the famous five-star Biltmore Hotel, Merrick Park luxury shopping complex, Miracle Mile and Giralda Ave restaurants, walking distance to places of worship, close to the University of Miami and Miami International airport
This property, is ready to live in or be restored to its original glory and is also the perfect site to build your new dream mansion tailored to your own needs and specifications.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017