$7,281,500
Sold · July 22, 2026
5340 Banyan Drive
Coral Gables, FL 33156
HAMMOCK LAKE NO 2
Explore the area: Coral Gables homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $7,281,500
- Vs. list price
- 13.3% under
- Days on market
- 47
- Price per sq ft
- $1,280
This 5-bedroom single-family home in ZIP 33156 sold for $7,281,500 on July 22, 2026. That was 13.3% below its final list price of $8,399,000. It spent 47 days on the market. At $1,280 per square foot, it closed 122.2% above the $576 median of the 3 other single-family home sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $7,281,500
- Sold On
- July 22, 2026
- 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.
MLS media linkGeneral 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
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 agent to schedule a private showing.
- Homes for Sale
- 360
- Under Contract
- 89
- Median List Price
- $1,912,000
- Median Sale Price (September)
- $1,400,000
- Median $/Sq Ft
- $934
- Avg Days on Market
- 134
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 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 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 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. 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.
$7,281,500
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Listed by Evan R Goldman, RE/MAX Advance Realty II
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Recent Sales
Recently sold homes in ZIP 33156
These are the last 6 recorded closings in ZIP 33156, with the price each home actually sold for rather than what it was listed at. They closed at a median of $502 per square foot. The most recent closed on October 13, 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$1,875,000
Sold · October 13, 2026
7820 SW 128th Street
0 bed · 0 bath
$120,000 under the asking price
Sold$1,100,000
Sold · October 9, 2026
8385 SW 105th Street
3 bed · 2 bath · 2,192 sqft · $502/sqft
Sold$230,000
Sold · October 9, 2026
8261 SW 128 Street 211
1 bed · 1 bath · 672 sqft · $342/sqft
$15,000 under the asking price
Sold$339,000
Sold · October 8, 2026
10122 SW 77th Court
2 bed · 1.5 bath · 970 sqft · $349/sqft
Sold$3,700,000
Sold · October 7, 2026
11825 S Mitchell Manor Circle
6 bed · 5.5 bath · 4,841 sqft · $764/sqft
$200,000 under the asking price
Sold$2,900,000
Sold · October 6, 2026
6255 SW 120th Street
6 bed · 4.5 bath · 5,035 sqft · $576/sqft
$250,000 under the asking price
See every recorded sale in ZIP 33156 or find out what your ZIP 33156 home is worth.
