How do I schedule a tour of 5340 Banyan Drive, Coral Gables, FL 33156?

Use the Tour button on this listing to request a showing of 5340 Banyan Drive, Coral Gables, FL 33156. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity Realty agent will confirm your visit, often the same day.

Is 5340 Banyan Drive, Coral Gables, FL 33156 still available?

5340 Banyan Drive, Coral Gables, FL 33156 is currently listed as Sold, and has been on the market 47 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 5340 Banyan Drive, Coral Gables, FL 33156?

With 20% down ($1,679,800) on the $8,399,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5340 Banyan Drive, Coral Gables, FL 33156 is about $44,140/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 5340 Banyan Drive, Coral Gables, FL 33156?

Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5340 Banyan Drive, Coral Gables, FL 33156. Contact Pure Equity Realty and we'll connect you with a trusted local lender to review your financing options, no obligation.

What schools serve 5340 Banyan Drive, Coral Gables, FL 33156?

5340 Banyan Drive, Coral Gables, FL 33156 is zoned for Pinecrest (elementary), Palmetto (middle), Miami Palmetto (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 5340 Banyan Drive, Coral Gables, FL 33156?

Often, yes. The right offer on 5340 Banyan Drive, Coral Gables, FL 33156 depends on how it's priced against comparable single family sales in Coral Gables, how long it's been listed, and how motivated the seller is. Pure Equity Realty will run the comps and help you craft a competitive, well-supported offer.

Sold

47 Days on Market

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$8,399,000

5340 Banyan Drive

Coral Gables, FL 33156

HAMMOCK LAKE NO 2

Explore the area: Coral Gables homes for sale · Miami Dade County real estate

Bedrooms

Bathrooms

5,690

Living Sq Ft

1951

Year Built

Estimated monthly payment

$44,140 /mo

Principal and interest only, based on $1,679,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.

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Listing Snapshot

Price: $8,399,000
Days on Site: 47 Days
Bedrooms: 5
Total Baths: 5
Full Baths: 4
Partial Baths: 1
Living Area: 5,690 sqft
Total Sq Ft: 6,644 sqft
Lot Size: 0.95 Acres
Year Built: 1951
Property Type: Single Family
MLS #: A12015036
Property Tax: $36,750 (2025)
Subdivision: HAMMOCK LAKE NO 2
County: Miami Dade
Status: Sold
Special Conditions: Listed As Is

About This Property

Hammock Lakefront opportunity ! Rarely available deep acre property beyond the guard gate in Banyan Estates with 147 foot southeast frontage on Hammock Lake 2. Gorgeous lot offers peace and serenity but near everything for convenience. .95 acre with existing 5 Br/4.5 bath 2-story charming pool home can be lived in, remodeled, or torn down for your dream home. All Pinecrest schools in Coral Gables.

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General Features

Property Type: Single Family
Status: Sold
Year Built: 1951
Property Condition: Resale
Number of Stories: 2
Levels: Two
Garage Spaces: 0
Parking: Covered / Driveway
Direction Faces: Northwest
Lot Size (Acres): 0.95
Living Sq Ft: 5,690
Total Sq Ft: 6,644
Sewer: Septic Tank
Water Source: Public
Zoning: 0100

Interior Features

Appliances: Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Microwave / Oven / Refrigerator / Washer
Cooling: Central Air / Ceiling Fans / Electric / Zoned
Heating: Central / Electric / Zoned
Flooring: Tile / Wood
Interior Features: Built In Features / Bathtub / Closet Cabinetry / Dining Area / Separate Formal Dining Room / Dual Sinks / Entrance Foyer / Eat In Kitchen / Pantry / Soaking Tub / Separate Shower / Upper Level Primary / Vaulted Ceilings / Walk In Closets
Windows: Blinds / Other
Total Rooms: 2

Exterior Features

Construction: Block / Frame
Roof: Flat / Tile
Exterior Features: Lighting / Outdoor Living Area
Architectural Style: Ranch
Private Pool: Yes
Pool Features: In Ground
Patio & Porch: Patio
Lot Features: Sprinklers Automatic / Sprinkler System
Waterfront: Yes
Waterfront Features: Lake Front / Other
Frontage: Waterfront
Frontage Length: 147.00 ft
View: Garden / Lake / Pool

Community & HOA

Association Amenities: Gated
Financing Terms: Cash / Conventional
Restrictions: Other Restrictions
MLS Area: 2510

Schools

Elementary School: Pinecrest
Middle School: Palmetto
High School: Miami Palmetto

About the Area

Coral Gables

View Coral Gables Real Estate →

Browse Coral Gables homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Coral Gables includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Coral Gables listings below. Then connect with a Pure Equity Realty agent to schedule a private showing.

Homes for Sale: 424
Under Contract: 82
Median List Price: $1,998,000
Median Sale Price (August): $1,350,000
Median $/Sq Ft: $998
Avg Days on Market: 133

View all 424 homes for sale in Coral Gables →

Frequently Asked Questions

How do I schedule a tour of 5340 Banyan Drive, Coral Gables, FL 33156?: Use the Tour button on this listing to request a showing of 5340 Banyan Drive, Coral Gables, FL 33156. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity Realty agent will confirm your visit, often the same day.
Is 5340 Banyan Drive, Coral Gables, FL 33156 still available?: 5340 Banyan Drive, Coral Gables, FL 33156 is currently listed as Sold, and has been on the market 47 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 5340 Banyan Drive, Coral Gables, FL 33156?: With 20% down ($1,679,800) on the $8,399,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5340 Banyan Drive, Coral Gables, FL 33156 is about $44,140/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 5340 Banyan Drive, Coral Gables, FL 33156?: Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5340 Banyan Drive, Coral Gables, FL 33156. Contact Pure Equity Realty and we'll connect you with a trusted local lender to review your financing options, no obligation.
What schools serve 5340 Banyan Drive, Coral Gables, FL 33156?: 5340 Banyan Drive, Coral Gables, FL 33156 is zoned for Pinecrest (elementary), Palmetto (middle), Miami Palmetto (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 5340 Banyan Drive, Coral Gables, FL 33156?: Often, yes. The right offer on 5340 Banyan Drive, Coral Gables, FL 33156 depends on how it's priced against comparable single family sales in Coral Gables, how long it's been listed, and how motivated the seller is. Pure Equity Realty will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of RE/MAX Advance Realty II

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity Realty. 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 July 1, 2026.

$8,399,000