$2,800,000
Sold · April 10, 2026
4851 University Drive
Coral Gables, FL 33146
Explore the area: Coral Gables homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $2,800,000
- Vs. list price
- At list
- Days on market
- 24
- Price per sq ft
- $751
This multi-family property in Coral Gables Riviera Sec sold for $2,800,000 on April 10, 2026. That was exactly its final list price of $2,800,000. It spent 24 days on the market.
Listing Snapshot
- Sold Price
- $2,800,000
- Sold On
- April 10, 2026
- Days on Site
- 24 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 3,726 sqft
- Total Sq Ft
- 3,726 sqft
- Year Built
- 1962
- Property Type
- Multi-Family
- MLS #
- A11953185
- Property Tax
- $27,808 (2025)
- Subdivision
- CORAL GABLES RIVIERA SEC
- Development
- Gables Riviera
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Corporate Listing
About This Property
Rare waterfront opportunity along the Coral Gables Waterway. This unique offering consists of two condo units within a single structure, positioned on an oversized waterfront site ideal for redevelopment into a bespoke luxury residence. And the addition or dock(s) and boating structures. The property offers direct water frontage in a quiet residential enclave surrounded by high-end homes, presenting exceptional long-term value in one of Coral Gables’ most prestigious neighborhoods. Currently income-producing with leases in place, allowing a buyer to offset holding costs while planning, designing, and permitting a future redevelopment. Opportunities of this scale, orientation, and flexibility are increasingly scarce. Ideal for a luxury end-user builder or buyer seeking to create a one-of-a-kind waterfront home with privacy, indoor-outdoor living, and enduring architectural appeal. NOTE THERE ARE 2 FOLIO NUMBERS THE SALE INCLUDES FOLIO #03-4119-020-0020. DO NOT DISTURB THE TENANTS
MLS media linkGeneral Features
- Property Type
- Multi-Family
- Status
- Sold
- Year Built
- 1962
- Property Condition
- Resale
- Number of Stories
- 2
- Living Sq Ft
- 3,726
- Total Sq Ft
- 3,726
- Structure Type
- Duplex
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 5900
Interior Features
- Cooling
- Central Air / Ceiling Fans / Electric
- Heating
- Central / Electric / Separate Meters
- Flooring
- Ceramic Tile / Tile / Wood
Exterior Features
- Construction
- Block
- Roof
- Flat / Tile
- Exterior Features
- Balcony / Outdoor Living Area / Room For Pool
- Patio & Porch
- Open / Balcony
- Lot Features
- Quarter To Half Acre Lot
- Waterfront
- Yes
- Waterfront Features
- Canal Front / Navigable Water / Ocean Access / Other
- Frontage
- Waterfront
- Frontage Length
- 78.00 ft
Community & HOA
- Association Amenities
- Boat Dock
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional / Va Loan
- MLS Area
- 2410
Schools
- Elementary School
- David Fairchild
- Middle School
- Ponce De Leon
- High School
- Coral Gables
About the Community
Coral Gables Riviera Sec is a luxury community in Coral Gables, Miami-Dade County, Florida. Properties are priced from $1,700,000 to $7,500,000. Pure Equity lists homes in Coral Gables Riviera 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
- Under Contract
- 4
- Median List Price
- $2,847,500
- Median Sale Price (September)
- $2,550,000
- Median $/Sq Ft
- $1,154
- Avg Days on Market
- 145
Frequently Asked Questions
- How do I schedule a tour of 4851 University Drive, Coral Gables, FL 33146?
- Use the Tour button on this listing to request a showing of 4851 University Drive, Coral Gables, FL 33146. 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 4851 University Drive, Coral Gables, FL 33146 still available?
- 4851 University Drive, Coral Gables, FL 33146 is currently listed as Sold, and has been on the market 24 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 4851 University Drive, Coral Gables, FL 33146?
- With 20% down ($560,000) on the $2,800,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 4851 University Drive, Coral Gables, FL 33146 is about $14,715/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 4851 University Drive, Coral Gables, FL 33146?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 4851 University Drive, Coral Gables, FL 33146. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 4851 University Drive, Coral Gables, FL 33146?
- 4851 University Drive, Coral Gables, FL 33146 is zoned for David Fairchild (elementary), Ponce De Leon (middle), 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 4851 University Drive, Coral Gables, FL 33146?
- Often, yes. The right offer on 4851 University Drive, Coral Gables, FL 33146 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 Compass Florida, LLC
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.
$2,800,000
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Listed by Pilar Aparicio, Compass Florida, LLC
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Recent Sales
Recently sold homes in Coral Gables Riviera Sec
These are the last 6 recorded closings in Coral Gables Riviera Sec, with the price each home actually sold for rather than what it was listed at. They closed at a median of $1,087 per square foot. The most recent closed on September 29, 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$1,020,000
Sold · September 29, 2026
448 Cadagua Avenue
2 bed · 1 bath · 874 sqft · $1,167/sqft
$25,000 over the asking price
Sold$2,550,000
Sold · September 28, 2026
426 Hardee Road
3 bed · 3.5 bath · 2,346 sqft · $1,087/sqft
$40,000 under the asking price
Sold$1,750,000
Sold · September 21, 2026
1505 Robbia Avenue
3 bed · 2 bath · 1,702 sqft · $1,028/sqft
$125,000 under the asking price
Sold$5,250,000
Sold · September 15, 2026
6900 Barquera Street
5 bed · 5.5 bath · 4,993 sqft · $1,051/sqft
$40,000 under the asking price
Sold$2,750,000
Sold · September 15, 2026
6609 Maynada Street
3 bed · 2 bath · 2,082 sqft · $1,321/sqft
Sold$2,200,000
Sold · August 31, 2026
6610 Santona Street
3 bed · 3 bath · 2,144 sqft · $1,026/sqft
$100,000 under the asking price
See every recorded sale in Coral Gables Riviera Sec or find out what your Coral Gables Riviera Sec home is worth.
