314 Coral Way, Coral Gables FL 33134 | Miami-Dade County | A12028308
- $3,100,000
- $3,100,000
Description
Presenting a unique opportunity to own a free standing retail building on the world famous Miracle Mile. This property is ideal for investors or owner occupant. It is located steps away from Starbucks, Seasons 52, Doc B’s, Publix and Hill Stones Restaurant. There is ample parking available in the municipal garage located behind the building on Andalusia Street.
Property Overview
This is a -bedroom, -bath home of about square feet at 314 Coral Way, Coral Gables FL 33134 (Coral Gables 33134), listed at $3,100,000.
Monthly Costs, Stated Plainly
This home has no mandatory HOA (single-family / no association on record).
As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $62,000/yr (≈ $5,167/mo); with the homestead exemption on a primary residence, about $61,000/yr (≈ $5,083/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?
314 Coral Way is listed at $3,100,000. While the MLS does not specify furnished status, fixtures and built-in appliances (like ovens, dishwashers, or lighting) typically convey with the home. Community or on-site amenities, if any, would be confirmed upon request—these differ from what physically transfers with the property. For precise details on inclusions or to discuss this Coral Gables residence, contact Christopher Lazaro, Coral Gables Real Estate Professional, directly.
Where exactly is it, and what should I know about the location?
314 Coral Way is located in the heart of Coral Gables, Florida, within the 33134 zip code, along the city's coveted coastal corridor. This prime setting offers proximity to top-rated schools, lush parks, and the vibrant downtown Coral Gables dining and shopping district. For precise details on walkability, transit, or zoning, reach out to Christopher Lazaro, Coral Gables Real Estate Professional, for verified insights—call, text, or schedule a consultation today.
What are the HOA / association fees, and what do they cover?
314 Coral Way has no mandatory HOA—it's a single-family home with no association on record. The owner handles all utilities, landscaping, and exterior upkeep independently, offering full autonomy. Like all Coral Gables properties, it remains subject to city ordinances for zoning and maintenance standards. For precise details on local regulations or comparable homes with HOAs, contact Christopher Lazaro, Coral Gables Real Estate Professional, for verified insights.
What are the property taxes and homestead implications?
Property taxes at 314 Coral Way are estimated at approximately $62,000 annually ($5,167/month) without a homestead exemption, or $61,000 ($5,083/month) with one, assuming a Miami-Dade rate near 2.0% post-sale reassessment. Florida's homestead exemption reduces taxable value only for primary residences, offering modest savings. These are estimates only — confirm exact figures with the Miami-Dade Property Appraiser and your tax advisor. For precise guidance, contact Christopher Lazaro, Coral Gables Real Estate Professional, to review your specific scenario.
Is the home in a flood zone, and what does that mean?
314 Coral Way is in Flood Zone AE, a FEMA-designated high-risk area where lenders typically require flood insurance. Flood zones indicate a property's likelihood of flooding, with AE zones facing a 1% annual chance of flooding and a 26% chance over a 30-year mortgage. FEMA definitions detail these classifications, and you can View the FEMA flood map for this address to confirm its boundaries. For precise insurance estimates and mitigation strategies, consult Christopher Lazaro, Coral Gables Real Estate Professional—his team specializes in navigating these considerations for buyers.
Are pets allowed?
As a single-family home at 314 Coral Way, this property has no condo or HOA restrictions—pet allowances are solely the owner's choice, guided by local ordinances or lease terms if rented. Documented service animals and emotional support animals (ESAs) are protected under federal law, regardless of policy. For precise details on this $3,100,000 Coral Gables residence, connect with Christopher Lazaro, Coral Gables Real Estate Professional, to confirm current arrangements.
How is the price set and is there room to negotiate?
In Miami-Dade's current market, single-family homes are closing at 95% of original list price, averaging 41 days to contract (MIAMI REALTORS®, May 2026). For 314 Coral Way's $3,100,000 listing, we pull precise comparables from a Coral Gables-specific CMA—let’s review those together before drafting an offer. Negotiation hinges on strategy, timing, and local inventory shifts. Reach out to Christopher Lazaro, Coral Gables Real Estate Professional, to confirm the latest CMA and discuss your position.
What financing step do you recommend before touring?
Before touring 314 Coral Way, I strongly recommend securing a pre-approval from a Florida Licensed Mortgage Loan Officer. This not only clarifies your budget for a home like this $3,100,000 Coral Gables property but also positions you as a serious buyer in competitive markets. For personalized guidance on financing or next steps, reach out directly to Christopher Lazaro, Coral Gables Real Estate Professional, to verify your readiness.
Have a question about this Coral Gables listing?
Talk directly with Christopher Lazaro, your Coral Gables real estate advisor. No pressure — real answers.
Address
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Address: Coral Way
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City: Coral Gables
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Zip/Postal Code: 33134
Details
Updated on July 4, 2026 at 5:52 pm-
Property ID A12028308
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Price $3,100,000
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Year Built 1957
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Property Status Active, Commercial Sale
Additional details
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Flooring Ceramic Floor
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Association No
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Private Pool No
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Listing Terms All Cash
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Waterfront No
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Total Stories 1
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Parking Assigned
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Construction Concrete Block Construction
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Building Area 2381
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Year Built Details Resale
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Inclusions Building & Land
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Flood Zone X
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New Construction No
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Lot Size (Sq Ft) 3000
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