Coral Gables – Multi-Family Sales Between SW 8th St and Us-1 and Granada and 32nd Ave
Coral Gables is an affluent city located just southwest of downtown Miami. It’s known for its Mediterranean Revival architectural style, upscale shopping districts, and lush green spaces. The neighborhoods with the highest concentration of these smaller, historic apartment buildings are around the Downtown Coral Gables commercial district near Miracle Mile and Giralda Avenue. This puts residents within walking distance of the upscale dining, shopping and entertainment options that give Coral Gables its cosmopolitan feel.
In terms of small apartments in Coral Gables, here are some typical characteristics:
- Many are located in low-rise apartment buildings or smaller multifamily complexes built in the 1920s-1940s in the Mediterranean Revival style with stucco exteriors and barrel-tile roofs.
- Unit sizes tend to be on the smaller side, ranging from studio/efficiency apartments around 400-600 sq ft up to one-bedroom units around 600-800 sq ft.
- Interiors often feature vintage details like arched doorways, wood or tile floors, and some may have updated kitchens and baths.
- Amenities at these older properties are generally limited to basic things like a pool and some outdoor spaces.
300 Mendoza Ave
- Property Type: Multi-Family
- Building SF: 3150
- Land Area SF: 5500
- Year Built: 1954
- Sale Price: $1,100,000
- Sale Date: 1/25/2023
- $/SF: $349
- $/Lot: $200
- Number Of Units: 4
- $/Unit: $275,000
1500-1514 Salzedo St
- Property Type: Multi-Family
- Building SF: 8164
- Land Area SF: 9570
- Year Built: 1940
- Sale Price: $7,000,000
- Sale Date: 5/15/2023
- $/SF: $857
- $/Lot: $731
- Number Of Units: 15
- $/Unit: $466,667
223 Antilla Ave
- Property Type: Multi-Family
- Building SF: 6624
- Land Area SF: 10890
- Year Built: 1963
- Sale Price: $2,800,000
- Sale Date: 6/23/2023
- $/SF: $423
- $/Lot: $257
- Number Of Units: 12
- $/Unit: $233,333
126-134 Salamanca Ave
- Property Type: Multi-Family
- Building SF: 13225
- Land Area SF: 19441
- Year Built: 1964
- Sale Price: $5,500,000
- Sale Date: 6/23/2023
- $/SF: $416
- $/Lot: $283
- Number Of Units: 23
- $/Unit: $239,130
1302 S Douglas Rd
- Property Type: Multi-Family
- Building SF: 3080
- Land Area SF: 6599
- Year Built: 1959
- Sale Price: $1,725,000
- Sale Date: 10/23/2023
- $/SF: $560
- $/Lot: $261
- Number Of Units: 6
- $/Unit: $287,500
39-43 Phoenetia Ave
- Property Type: Multi-Family
- Building SF: 4228
- Land Area SF: 10999
- Year Built: 1953
- Sale Price: $1,300,000
- Sale Date: 10/13/2023
- $/SF: $307
- $/Lot: $118
- Number Of Units: 6
- $/Unit: $216,667
1401 S Le Jeune Rd
- Property Type: Multi-Family
- Building SF: 2986
- Land Area SF: 7841
- Year Built: 1944
- Sale Price: $1,125,000
- Sale Date: 12/18/2023
- $/SF: $377
- $/Lot: $143
- Number Of Units: 4
- $/Unit: $281,250
1410 SW 37th Ave
- Property Type: Multi-Family
- Building SF: 8764
- Land Area SF: 45140
- Year Built: 1958
- Sale Price: $3,600,000
- Sale Date: 12/20/2023
- $/SF: $411
- $/Lot: $80
- Number Of Units: 12
- $/Unit: $300,000
7 Salamanca Ave
- Property Type: Multi-Family
- Building SF: 3574
- Land Area SF: 6547
- Year Built: 1959
- Sale Price: $1,925,000
- Sale Date: 1/11/2024
- $/SF: $539
- $/Lot: $294
114 Antilla Ave
- Property Type: Multi-Family
- Building SF: 5,682
- Land Area SF: 5,502
- Year Built: 1926
- Sale Price: $2,100,000
- Sale Date: 2/12/2024
- $/SF: $370
- $/Lot: $382
- $/Unit: $262,500
473 Mendoza Ave
- Property Type: Multi-Family
- Building SF: 4,400
- Land Area SF: 10,890
- Year Built: 1926
- Sale Price: $2,400,000
- Sale Date: 4/17/2024
- $/SF: $545
- $/Lot: $220
- $/Unit: $300,000
The Georges Residences – 4 Property Sale
- Property Type: Multi-Family
- Building SF: 17,858
- Land Area SF: 36,514
- Year Built: Mixed
- Sale Price: $11,500,000
- Sale Date: 12/26/2023
- $/SF: $644
- $/Lot: $315
- $/Unit: $676,471
915 Palermo Ave – 2 Property Sale
- Property Type: Multi-Family
- Building SF: 23,686
- Land Area SF: 40,200
- Year Built: 1963
- Sale Price: $12,000,000
- Sale Date: 4/25/2023
- $/SF: $507
- $/Lot: $299
- $/Unit: $375,000
For more info on any of these sales or to find out how sales and leasing activity affects the value of your property, contact me today.
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