355 Palermo Ave, Coral Gables FL 33134 | Miami-Dade County | A11960553
  • $4,200,000

Description

Position your business at 355 Palermo Avenue — a boutique, two-story commercial building offering 5,000 SF of flexible space in the heart of Coral Gables. Zoned MU-3 and featuring a distinctive architectural façade, this property is perfectly suited for law firms, financial professionals, and other established owner-users. Located adjacent to a city public parking lot, it offers added convenience for clients and staff. With immediate occupancy available and limited inventory of its kind, 355 Palermo presents a prestigious and strategic opportunity in one of South Florida’s most sought-after commercial corridors.

Property Overview

This is a -bedroom, -bath home of about square feet at 355 Palermo Ave, Coral Gables FL 33134 (Coral Gables 33134), listed at $4,200,000.

Monthly Costs, Stated Plainly

This home has no mandatory HOA (single-family / no association on record).

The tax of record is $34,920 (recent). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $84,000/yr (≈ $7,000/mo); with the homestead exemption on a primary residence, about $83,000/yr (≈ $6,917/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.

Frequently Asked Questions

What is the list price, and what typically conveys with a home like this?

The list price for 355 Palermo Ave is $4,200,000. While the MLS does not specify the furnished status, fixtures and built-in appliances generally convey with the home—always confirm specifics during due diligence. Community or on-site amenities, if any, would be separate from what conveys with the property itself and should be verified directly. For precise details on inclusions and to discuss this Coral Gables opportunity, contact Christopher Lazaro, Coral Gables Real Estate Broker Associate, today.

Where exactly is it, and what should I know about the location?

355 Palermo Avenue is located in Coral Gables, Florida 33134, positioned along the coveted coastal corridor just minutes from Biscayne Bay. This prime location offers easy access to downtown Coral Gables' renowned shops, dining, and cultural attractions while maintaining a tranquil residential feel. For precise details on walkability, zoning, or nearby amenities, contact Christopher Lazaro, Coral Gables Real Estate Broker Associate, to discuss how this property aligns with your priorities.

What are the HOA / association fees, and what do they cover?

355 Palermo Ave has no mandatory HOA—it's a single-family home with no association on record, meaning the owner handles all utilities, landscaping, and upkeep independently. While there are no shared fees or amenities, the property remains subject to Coral Gables city ordinances, which you can review here. For complete clarity on local regulations or to discuss this $4,200,000 listing, contact Christopher Lazaro, Coral Gables Real Estate Broker Associate, directly.

What are the property taxes and homestead implications?

The tax of record for 355 Palermo Ave is $34,920 (recent), but Florida reassesses at sale. As an estimate only at the $4,200,000 list price and a Miami-Dade rate near 2.0%: without homestead, expect about $84,000/yr (≈ $7,000/mo); with Florida's homestead exemption — which lowers taxable value only for a primary residence — about $83,000/yr (≈ $6,917/mo). These are estimates, not quotes; confirm with the Miami-Dade Property Appraiser and a tax professional. For precise figures, reach out to Christopher Lazaro, Coral Gables Real Estate Broker Associate, who can guide you through the implications.

Is the home in a flood zone, and what does that mean?

355 Palermo Ave is in a FEMA-designated flood zone, which indicates its risk level for flooding during heavy storms or rising water. Flood zones range from minimal risk (like Zone X) to high-risk areas (like Zone AE or VE) — FEMA's definitions clarify these categories, and you can View the FEMA flood map for this address to see specifics. Since lenders often require flood insurance in high-risk zones, I recommend consulting Christopher Lazaro, Coral Gables Real Estate Broker Associate, to verify coverage details and discuss how this impacts your investment.

Are pets allowed?

As a single-family home at 355 Palermo Ave, Coral Gables FL 33134, this property has no condo or HOA restrictions—pet allowances are solely at the owner’s discretion, guided by local ordinances or lease terms if applicable. Documented service animals and emotional support animals (ESAs) are protected under federal law. For precise details on this $4,200,000 listing, connect directly with Christopher Lazaro, Coral Gables Real Estate Broker Associate, who can clarify any specifics.

How is the price set and is there room to negotiate?

The $4,200,000 list price reflects a tailored CMA for 355 Palermo Ave, weighing its Coral Gables location, architectural details, and recent nearby sales. Miami-Dade single-family homes have recently been closing at 95% of original list, averaging 41 days to contract (MIAMI REALTORS®, May 2026), but hyperlocal trends—like Coral Gables’ historic district demand—can shift this. Before drafting an offer, I’ll provide a fresh CMA pinpointing Palermo Avenue’s exact comparables.

Let’s verify negotiation strategy together—reach Christopher Lazaro, Coral Gables Real Estate Broker Associate, for your confidential consultation.

What financing step do you recommend before touring?

Before touring 355 Palermo Ave, I strongly recommend securing a pre-approval from a Florida-licensed mortgage originator—this clarifies your budget and strengthens your position in Coral Gables’ competitive market. Start the pre-approval process here, then reach out to me, Christopher Lazaro, Coral Gables Real Estate Broker Associate, to verify your readiness and discuss next steps. A $4,200,000 listing demands meticulous preparation, and I’ll ensure you’re equipped to move confidently.

Have a question about this Coral Gables listing?

Talk directly with Christopher Lazaro, your Coral Gables real estate advisor. No pressure — real answers.

  • Address: Palermo Ave
  • City: Coral Gables
  • Zip/Postal Code: 33134

Details

Updated on June 9, 2026 at 6:55 am
  • Property ID A11960553
  • Price $4,200,000
  • Year Built 1969
  • Property Status Active, Commercial Sale

Additional details

  • Cooling Central Building A/C
  • Annual Tax 34920
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional/Refinance
  • Waterfront No
  • Heating Central Electric
  • Structure Type Commercial
  • Building Area 4817
  • Flood Zone X
  • New Construction No
  • Lot Size (Sq Ft) 2500

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