4851 University Dr, Coral Gables, FL 33146
- $2,800,000
- 3,726
- SqFt
- Sold Price
- $2,800,000
- List Price
- $2,800,000
- Closing Date
- Apr 10, 2026
- MLS
- A11953185
- Complex Name
- Coral Gables Riviera Sec
- Status
- CLOSED
- Type
- Multifamily
- Living Area
- 3,726
Property Description
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
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Additional Information
- Days on Market
- 24
- Waterfront Description
- Canal Front, Fixed Bridge(S), Navigable Water, Ocean Access
- Style
- Duplex
- Exterior Features
- Open Balcony, Room For Pool
- Water Access
- Dock Available, Other, Dock Available
- #Parking Spaces
- 4
- Year Built
- 1962
- Development Name
- Coral Gables Riviera Sec, Gables Riviera
- #Stories
- 2
- Construction Type
- CBS Construction
- Section
- 19
Mortgage Calculator
Listing Courtesy of Compass Florida, LLC, Contact:
Selling Office: Brokers, LLC.