Elegant Coastal Mediterranean-inspired waterfront estate within the
exclusive, guard-gated enclave of Old Cutler Bay in Coral Gables.
Set on a 20,300 SF lot with 140 ft on a wide canal and direct,
bridge-free access to Biscayne Bay, this 11,589 total SF,
6-bedroom, 7-full and 2-half bath residence is designed to feel
open, airy, and truly expansive. Multiple oversized covered
terraces and upper-level balconies span the facade, creating
various outdoor living and dining areas ideal for grand-scale
entertaining or intimate gatherings. Framed by manicured grounds,
coral stone accents, and a gracious entry with koi pond, the home
seamlessly blurs the line between indoors and out. The
resort-caliber exterior showcases an infinity-edge saltwater pool
with Baja ledge and fountain bubblers, a coral stone deck, and a
fully equipped summer kitchen. An 80-foot private dock further
enhances the waterfront lifestyle. Inside, a dramatic entry with
soaring vertical scale and exposed beams introduces light-filled
interiors finished with limestone and wood floors, custom millwork,
illuminated wine cellar, elevator, and integrated smart home
technology. The bespoke chef's kitchen features custom cabinetry, a
striking Blue Agate island, and premium Wolf and Sub-Zero
appliances. The tranquil primary suite offers vaulted shiplap
ceilings, private canal-view terraces, a spa-inspired marble bath,
and couture-style dressing room-an exceptional blend of scale,
comfort, and timeless waterfront luxury.
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.
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