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Map
$7,566,206*
●
Commercial -
Off Market
719 Biltmore Way
Coral Gables, FL 33134
Studio
0 Bath
7000 Sqft
$5,355,000 - $6,545,000
Reference Base Price*
27.16%
Since Nov 1, 2021
FL-Miami
Primary Model
About This Property
Coral Gables' most outstanding opportunity for development on
Biltmore Way, the Park Avenue of Coral Gables. The Zoning
District is MF-2 (subject to Site Specific Regulations). Max
Permitted Density 21 units (apartments pr condominiums). Max
Permitted Height 16 stories or 190.5 feet. Max Permitted
Floor Area Ratio 29,960 sq ft (this does not include parking
garage, terraces, open stairs or lobby). Lot size 12,000 sq ft
(survey available). See Attachment for Zoning Analysis, unit
mix scenario & Rendering. Existing on property is a 12 unit
apartment building 100% leased, in mint condition, with substantial
income (NOI $156,000) until developer is ready to demolish it.
DO NOT DISTURB TENANTS
The manager has listed the unit size as 7000 square feet.
The manager has listed the unit size as 7000 square feet.
Unit Size
7,000Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$850
Property Type
Commercial
Property Taxes
$2,032
HOA Dues
-
Year Built
1959
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 1, 2021 | No longer available | - | |
No longer available | |||
Aug 17, 2021 | Relisted | $5,950,000 | |
Relisted | |||
May 25, 2021 | No longer available | - | |
No longer available | |||
Jun 14, 2019 | Listed | $5,950,000 | |
Listed |
Property Highlights
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
Active
House
6
Beds
7
Baths
5,044 ft²
$1,180/ft²
$5,950,000
Jul 16, 2023
-
$2,234/mo
Active
Condo
8
Beds
12
Baths
9,086 ft²
$550/ft²
$4,999,000
Apr 1, 2023
-
$8,655/mo
Active
Townhouse
5
Beds
8
Baths
4,974 ft²
$1,407/ft²
$7,000,000
Jul 11, 2023
-
$4,042/mo
Active
Condo
4
Beds
5
Baths
3,539 ft²
$1,582/ft²
$5,600,000
Apr 7, 2023
-
$7,536/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/14/2019
|
|
Loft
|
-
|
7000 ft²
|
$5,950,000
Loft
-
7000 ft²
|
-
-
|
-
|
Carmen Acosta
Acosta & Associates Inc
|