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.
Property Details
Price:
$2,800,000
MLS #:
A11956625
Status:
Active
Beds:
8
Baths:
4
Address:
4855 University Dr # 4855
Type:
Condo
Subtype:
Condominium
Subdivision:
CORAL GABLES RIVIERA SEC,GABLES RIVIERA
Neighborhood:
coralgablesrivierasec
City:
Coral Gables
Listed Date:
Feb 1, 2026
State:
FL
Finished Sq Ft:
1,863
Total Sq Ft:
1,863
ZIP:
33146
Year Built:
1962
Schools
Elementary School:
Fairchild; David
Middle School:
Ponce De Leon
High School:
Coral Glades High
Interior
Appliances
Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
Bathrooms
4 Full Bathrooms
Cooling
Central Air, Electric
Flooring
Ceramic Floor, Tile, Wood
Heating
Central, Electric
Exterior
Association Amenities
Exterior Lighting
Construction Materials
C B S Construction
Exterior Features
Other, Open Balcony
Parking Features
2 Or More Spaces
Security Features
Smoke Detector, No Security
Financial
HOA Frequency
Annually
Tax Year
2025
Taxes
$27,808
Map
Contact Us
Mortgage Calculator
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4855 University Dr # 4855
Coral Gables, FL
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