by RH Advisors

See Home Value
$2,000,000
House - Off Market

701 Palermo Ave

Coral Gables, FL 33134
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2497 Sqft
$10,414
Estimated Monthly
$0
HOA / Fees
2.94%
Cap Rate

About This Property

LOCATION! Enjoy the heart of Coral Gables and Mediterranean-style in this 4 bed/4 bath home on 9500 sq. ft. QUIET CORNER lot, Elegant charm, a private tropical oasis and 45ft. LAP POOL! Large lot, plenty of room to extend, large front yard on a beautiful tree canopy street. Within a 6-block radius: shopping/dining on Miracle Mile, Coral Gables Youth Center, iconic Venetian Pool, Salvador Park & Tennis Center, Coral Gables Country Club/gym, Ponce Circle Park and Gables Plaza for dining, bowling, & entertainment, Christmas Park (winter), Farmer's market (spring), Publix, Post Office, TWO golf courses (Granada / Biltmore), theaters, Biltmore holiday fireworks. Easy access to free Coral Gables Trolley, accessing U.S. 1 (Metrorail, Trader Joe's, Merrick Village Shopping) to 8th Street.
Unit Size
2,497Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$801
Property Type
House
Property Taxes
$594
HOA Dues
-
Year Built
1947
Last updated: 4 months ago (Miami MLS #A11444185)

Price History

Date / Event Date Event Price
Jan 6, 2024 No longer available -
No longer available
Dec 2, 2023 Relisted $2,000,000
Relisted
Dec 1, 2023 No longer available -
No longer available
Sep 28, 2023 Listed by Confidence International Realty $2,000,000
Listed by Confidence International Realty
Mar 7, 2023 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 117
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,500
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 950
  • Total Building Area: 2,831
  • Gross Building Area: 2,831
  • Building Area: 2,497
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,497
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BILTMORE ADDN RESUB
  • Land Acres: 0.218
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BILTMORE ADDN RESUB PB 42-81 LOT 9 & E25FT LOT 10 BLK 36 LOT SIZE IRREGULAR OR 17708-1094 0797 4

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: CORAL GABLES
  • Census Tract: 006104

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 253
  • District: 03
  • Parcel: 03-4117-011-0080
  • Block: 36
  • Lot: 9,10
  • Meridian: SEC 17 TWN 54S RNG 41E
  • Municipality: CORAL GABLES
  • Latitude: 25.7449
  • Longitude: -80.2689

    Address

  • Full Address: 701 Palermo Ave
  • Address - House Number: 701
  • Address - Street Name: Palermo
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Coral Gables
  • Carrier Code: C047
  • 4-Digit Zip Code: 5617
  • Zip Code: 33134

Valuation

    Tax

  • Total Area: 2,647
  • Tax Year: 2023
  • Tax Amount: $7,373
  • Tax Rate Code Area: 300

    Appraisal Valuation

  • Standard Deviation: 0.0941
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 91
  • Final Value: 1,880,786
  • High Value: 2,057,935
  • Low Value: 1,703,636

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $510,400
  • First Open Lien Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Jan 06, 2021
  • First Open Lien Mortgage Loan Amount: $510,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $1,071,266
  • Market Land Value: $712,272
  • Market Improvement Value: $358,994

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $388,517

    Exemptions

  • Homeowner Exemption: Yes



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
2,274 ft²
$814/ft²
$1,850,000 Aug 21, 2023
$1,850,000 Oct 27, 2023
$999/mo
House
4 Beds
3 Baths
2,096 ft²
$1,050/ft²
$2,200,000 Aug 25, 2023
$2,200,000 Oct 16, 2023
$800/mo
House
3 Beds
3 Baths
2,155 ft²
$800/ft²
$1,725,000 Sep 12, 2023
$1,725,000 Nov 9, 2023
$746/mo
House
3 Beds
3 Baths
1,998 ft²
$836/ft²
$1,670,000 Sep 1, 2023
$1,670,000 Oct 12, 2023
$905/mo
House
3 Beds
3 Baths
2,032 ft²
$1,021/ft²
$2,075,000 May 31, 2023
$2,075,000 Oct 3, 2023
$723/mo
House
5 Beds
4 Baths
2,950 ft²
$712/ft²
$2,100,000 Jun 6, 2023
$2,100,000 Oct 2, 2023
$1,550/mo
House
4 Beds
4 Baths
2,835 ft²
$776/ft²
$2,199,000 Nov 1, 2023
-
$624/mo
House
4 Beds
4 Baths
2,511 ft²
$875/ft²
$2,198,000 Nov 7, 2023
-
$1,305/mo
House
4 Beds
3 Baths
2,653 ft²
$716/ft²
$1,899,000 Dec 2, 2023
-
$1,019/mo
House
4 Beds
3 Baths
2,364 ft²
$793/ft²
$1,875,000 Oct 19, 2023
-
$1,709/mo
House
4 Beds
4 Baths
2,268 ft²
$827/ft²
$1,875,000 Oct 9, 2023
-
$1,537/mo
House
3 Beds
4 Baths
2,701 ft²
$851/ft²
$2,299,000 Nov 3, 2023
-
$1,443/mo

About Coral Gables


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Frequently Asked Questions

When was property at 701 Palermo Avenue built and last sold?
The property at 701 Palermo Avenue was built in 1947 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 701 Palermo Avenue is $2,035,163.
What are some comparable homes to 701 Palermo Avenue?
Homes that are comparable to 701 Palermo Avenue include a house property at 608 Altara Avenue, 650 Alcazar Avenue, 629 Altara Avenue.

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