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4855 University Dr Unit 4855, Coral Gables, Florida 33146

Active For Sale
$2,800,000
  • Beds 8
  • Baths 4
  • Sq Ft 1,863 Sqft
  • Visits: 4 in 2 days

Description

Waterfront Redevelopment Opportunity of a dual-unit building on Waterway. Investor-focused opportunity along the prestigious Coral Gables Waterway. This distinctive offering includes two condo units sold together as a single building, positioned on an oversized waterfront lot ideal for redevelopment, renovation, or the creation of a bespoke luxury residence with potential for dock(s) and boating structures. The square footage shown reflects one unit; the total building size is 3,726 SF, providing exceptional scale for reconfiguration or expansion. Surrounded by high-end homes in a quiet residential enclave, the property offers direct water frontage and compelling long-term value. Currently income-producing with leases in place, buyers can offset holding costs while planning, designing, and permitting a future vision. Opportunities with this size, flexibility, and premier location are increasingly scarce. Ideal for an end-user, builder, or investor seeking a signature waterfront estate defined by privacy, seamless indoor-outdoor living, and timeless architectural appeal. Note: Two folio numbers; sale includes Folio #03-4119-020-0010. MLS A11953185.

Features

  • Heating System: Central, Electric
  • Cooling System: Electric, Central Air
  • Pet Policy: Yes, Conditional
  • Security: Smoke Detector(s)
  • Patio: Balcony, Open
  • Parking: Two or More Spaces

Appliances

  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Electric Water Heater

Address Map

  • Country: US
  • State: FL
  • County: Miami-Dade
  • City: Coral Gables
  • Subdivision: CORAL GABLES RIVIERA SEC
  • Zipcode: 33146
  • Street: University Dr
  • Street Number: 4855
  • Floor Number: 0
  • Longitude: W81° 43' 37.5''
  • Latitude: N25° 43' 34.6''
  • UnitNumber: 4855
  • MLS Area: 41

MLS Addon

  • Architectural Style: Other
  • Association Fee: $0
  • Association Fee Frequency: Annually
  • Association Fee Includes: Maintenance Structure, Maintenance Grounds, Trash, Insurance, Parking, Hvac
  • Building Features: Exterior Lighting
  • Close Price: $0
  • Elementary School: Fairchild; David
  • Exterior Features: Balcony
  • Flooring: Ceramic Tile, Tile, Wood, Hardwood
  • High School: Coral Glades High
  • Insurance Expense: $0
  • Interior Features: Bedroom on Main Level, Second Floor Entry, First Floor Entry, Family/Dining Room, Main Living Area Upper Level
  • Levels: Two
  • Listing Terms: Cash, Conventional, VA Loan
  • Middle Or Junior School: Ponce De Leon
  • New Taxes Expense: $0
  • Stories: 2
  • Stories Total: 2
  • Tax Annual Amount: $27,808
  • Tax Year: 2025
  • Utilities: Cable Available
  • Water Front Features: Ocean Access, Canal Access, Fixed Bridge
  • Window Features: Blinds

Location

Listing Updated: 2026-02-02 20:00:14

  • Parent : 4855::University Dr:33146:Coral Gables
  • Property Type : Condominium
  • Property Sub Type : Condominium
  • Listing Type : For Sale
  • Listing ID : A11956625
  • Price : $2,800,000
  • View : Canal
  • Bedrooms : 8
  • Bathrooms : 4
  • Full Bathrooms : 4
  • Half Bathrooms : 0
  • Square Footage : 1,863 Sqft
  • Year Built : 1962
  • Lot Area : 0 Acre
  • Listing Status : Active
  • Days On Market : 1
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