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Map
$4,500,000
↓ $1.5M (25%)
●
Commercial -
For Sale
520 Biltmore Way
Coral Gables, FL 33134
Studio
0 Bath
$23,965
Estimated Monthly
$0
HOA / Fees
-0.15%
Cap Rate
About This Property
Remarkable opportunity in the heart of Coral Gables – an exquisite
commercial building on the prestigious Biltmore Way. This
self-standing gem boasts an impressive 1,959 sq. ft. located in the
ultimate location within the Coral Gables commercial/residential
district. The space features include high ceilings, granite
floors, signage, 2 bathrooms, 2 zone HVAC, Alarm System, Laundry
facility, a kitchen, 3 assigned parking spaces, and plenty of
street-metered parking. Existing tenant is a long time high-end
successful hair salon and spa, but this space offers an opportunity
for other business uses including medical, banking, licensed
professionals and more. This property also presents versatility
that paves the way for future development options such as luxury
condos, mixed use projects.
Unit Size
-
Days on Market
267 days
Land Size
0.07 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,868
HOA Dues
-
Year Built
1957
Listed By
Last updated: 3 months ago (Miami MLS #A11433677)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2024 | Price Decreased |
$4,500,000
↓ $2M
(25%)
|
|
| Price Decreased | |||
| Aug 16, 2023 | Listed by Compass Florida, LLC. | $6,000,000 | |
| Listed by Compass Florida, LLC. | |||
| Jul 2, 2003 | Sold to Joseph S Olazabal | $614,000 | |
| Sold to Joseph S Olazabal | |||
| May 1, 1998 | Sold to Of Miami Inc Ppc | $430,000 | |
| Sold to Of Miami Inc Ppc | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Guest, On Street
Interior Details
Interior Information
Flooring Type: Marble/Slate Floors
Exterior Details
Property Information
Security Features: Smoke Alarm, Smoke Detector(s), Motion Detector, Security Lights, Security System
Year Built: 1957
Building Information
Building Area Total: 1959
Building Area Units: Square Feet
Building Area Total: 1959
Building Features: Array
Roof Features: Composition Roll
Lot Information
Lot Size Units: Square Feet
Lot Size Square Feet: 3000
Land Information
Water Source: Public
Financial Details
Tax Legal Description: 17 54 41 PB 20-28 CORAL GABLES BILTMORE SEC LOT 18 BLK 7 LOT SIZE 25.000 X 120 OR 18084-4137/18527-4408 0498 1 COC 21390-1878 06 2003 6
Tax Annual Amount: $22,421
Parcel Number: 03-41-17-008-1400
Property is Zoned: 6100
Utilities Details
Cooling Type: Central Building A/C
Heating Type: Central Electric
Sewer : Other
Location Details
No Home Owners Association
520 Biltmore Way
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
4
Beds
7
Baths
5,660 ft²
$928/ft²
$5,250,000
Jul 3, 2023
$5,250,000
Jan 31, 2024
$6,066/mo
Condo
3
Beds
4
Baths
2,917 ft²
$2,125/ft²
$6,200,000
Nov 16, 2022
$6,200,000
Nov 21, 2023
$9,104/mo
Sold
House
5
Beds
6
Baths
6,288 ft²
$924/ft²
$5,810,000
Mar 22, 2023
$5,810,000
Jan 4, 2024
$2,915/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
Sold
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
Sold
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
Active
Condo
4
Beds
5
Baths
4,339 ft²
$1,368/ft²
$5,936,673
Apr 7, 2023
-
$7,536/mo
Active
Condo
4
Beds
5
Baths
3,539 ft²
$1,740/ft²
$6,158,568
Apr 7, 2023
-
$7,536/mo
Active
House
6
Beds
7
Baths
5,044 ft²
$1,170/ft²
$5,899,000
Jul 16, 2023
-
$2,234/mo
Active
House
4
Beds
6
Baths
1,680 ft²
$3,155/ft²
$5,300,000
Jan 3, 2024
-
$1,106/mo
Active
House
5
Beds
6
Baths
4,098 ft²
$1,219/ft²
$4,995,000
Aug 8, 2022
-
$905/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
09/11/2022
|
|
Loft
|
-
|
-
|
$4,500,000
Loft
-
|
-
-
|
-
|
Jonathan Minerick
homecoin.com
|
|
03/07/2022
|
|
Loft
|
-
|
-
|
$4,000,000
Loft
-
|
-
-
|
-
|
Rogert De Leon
Century 21 Continental Realty
|
|
02/10/2021
|
|
Loft
|
-
|
-
|
$3,000,000
Loft
-
|
-
-
|
-
|
Jonathan Minerick
homecoin.com
|
Building Info
About Coral Gables
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Nearby Rentals
Listed by: Iliana Abella
Compass Florida, LLC.
Last Updated: 3 months ago
Data Source: Miami MLS, MLS# A11433677
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Compass Florida, LLC.
Last Updated: 3 months ago
Data Source: Miami MLS, MLS# A11433677
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
