$1,390,000
400 Alcazar Avenue
Coral Gables, FL 33134
Explore the area: Coral Gables homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $1,390,000
- Price per sq ft
- $654
- Original price
- $1,499,000
- Days on market
- 26
This multi-family property in Coral Gables Sec B is listed at $1,390,000, or $654 per square foot. The asking price has come down 7.3% from its original $1,499,000. It has been on the market for 26 days.
Estimated monthly payment
$7,305 /mo
Principal and interest only, based on $278,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,390,000
- Days on Site
- 26 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 2,124 sqft
- Total Sq Ft
- 2,124 sqft
- Year Built
- 1937
- Property Type
- Multi-Family
- MLS #
- A12066032
- Property Tax
- $11,418 (2025)
- Subdivision
- CORAL GABLES SEC B
- County
- Miami Dade
- Status
- Active
About This Property
Immaculate turnkey Coral Gables duplex featuring two 2-bed/1-bath units, each with classic architectural charm across two stories. The owner commissioned a thorough pre-sale inspection from TruView Inspections, among the best in the business, completed September 1, 2026, and available to qualified buyers upon request.Major capital improvements are complete: new roof (2022), impact windows and doors (2024).$7,000/month gross income potential: the upper unit is leased at $3,700/month, and the vacant ground-floor unit is rent-ready from day one. Perfect for an owner-occupant offsetting the mortgage with the upper unit, or an investor seeking immediate full occupancy in an ultra-high-demand market where the lower unit recently drew multiple applications within 24 hours.Located on an affluent, quiet residential street within top-rated school districts, the ground-floor residence features a large private terrace, plus a spacious backyard and rare off-street parking for several vehicles. Stroll to Miracle Mile and Giralda Plaza's dining and shopping, or tee off at historic Granada Golf Course. With in-place income, possession flexibility, and pristine condition, 400 Alcazar is an exceptional opportunity for owner-occupants and investors alike.
Virtual TourGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1937
- Property Condition
- Resale
- Number of Stories
- 2
- Living Sq Ft
- 2,124
- Total Sq Ft
- 2,124
- Structure Type
- Duplex
- Sewer
- Public Sewer
- Zoning
- 5900
Interior Features
- Cooling
- Wall Window Units
- Heating
- Wall Furnace
- Flooring
- Wood
Exterior Features
- Construction
- Block
- Roof
- Spanish Tile
Community & HOA
- Utilities
- Cable Not Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 2410
Schools
- Elementary School
- Coral Gables Preparatory Academy
- High School
- Coral Gables
About the Community
Coral Gables Sec B is an age-restricted 55+ community in Coral Gables, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $1,800,000 to $7,000,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Coral Gables Sec B and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 8
- Median List Price
- $1,874,000
- Median $/Sq Ft
- $1,127
- Avg Days on Market
- 51
Frequently Asked Questions
- How do I schedule a tour of 400 Alcazar Avenue, Coral Gables, FL 33134?
- Use the Tour button on this listing to request a showing of 400 Alcazar Avenue, Coral Gables, FL 33134. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 400 Alcazar Avenue, Coral Gables, FL 33134 still available?
- 400 Alcazar Avenue, Coral Gables, FL 33134 is currently listed as Active, and has been on the market 26 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 400 Alcazar Avenue, Coral Gables, FL 33134?
- With 20% down ($278,000) on the $1,390,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 400 Alcazar Avenue, Coral Gables, FL 33134 is about $7,305/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 400 Alcazar Avenue, Coral Gables, FL 33134?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 400 Alcazar Avenue, Coral Gables, FL 33134. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 400 Alcazar Avenue, Coral Gables, FL 33134?
- 400 Alcazar Avenue, Coral Gables, FL 33134 is zoned for Coral Gables Preparatory Academy (elementary), Coral Gables (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 400 Alcazar Avenue, Coral Gables, FL 33134?
- Often, yes. The right offer on 400 Alcazar Avenue, Coral Gables, FL 33134 depends on how it's priced against comparable multi-family sales in Coral Gables, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Keller Williams Capital Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated August 30, 2026.
$1,390,000
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Listed by Jason S Smith, Keller Williams Capital Realty
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Recent Sales
Recently sold homes in Coral Gables Sec B
These are the last 6 recorded closings in Coral Gables Sec B, with the price each home actually sold for rather than what it was listed at. They closed at a median of $874 per square foot. The most recent closed on September 25, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$1,049,000
Sold · September 25, 2026
732 Majorca Avenue
2 bed · 1 bath · 1,247 sqft · $841/sqft
$150,000 under the asking price
Sold$2,649,000
Sold · August 31, 2026
1809 Granada Boulevard
3 bed · 4.5 bath · 2,960 sqft · $895/sqft
$50,999 under the asking price
Sold$5,000,000
Sold · July 27, 2026
611 N Greenway Drive
4 bed · 4 bath · 3,839 sqft · $1,302/sqft
$2,000,000 under the asking price
Sold$975,000
Sold · July 17, 2026
644 Navarre Avenue
3 bed · 1 bath · 1,492 sqft · $653/sqft
$68,000 under the asking price
Sold$2,395,000
Sold · June 23, 2026
1900 Pizarro Street
4 bed · 3 bath · 2,787 sqft · $859/sqft
$100,000 under the asking price
Sold$1,930,000
Sold · June 11, 2026
737 Majorca Avenue
4 bed · 3.5 bath · 2,209 sqft · $874/sqft
$155,000 under the asking price
See every recorded sale in Coral Gables Sec B or find out what your Coral Gables Sec B home is worth.
