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Income/MultiFamily
36 Phoenetia Ave, Coral Gables FL 33134 | Miami-Dade County | A11857777

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36 Phoenetia Ave, Coral Gables FL 33134 | Miami-Dade County | A11857777

36 Phoenetia Ave, Coral Gables FL 33134

Active Residential Income Active

$2,650,000

47 More

Type
Income/MultiFamily

3128 Sq Ft
Area Size

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Active Residential Income Active

36 Phoenetia Ave, Coral Gables FL 33134 | Miami-Dade County | A11857777

36 Phoenetia Ave, Coral Gables FL 33134

$2,650,000

Description

Rare Investment Opportunity, Welcome to Casa Coral, the only legal STR in Coral Gables with a conditional use permit for Bed & Breakfast. An exceptional opportunity to acquire a beautifully maintained Spanish-style Villa in the heart of prestigious Coral Gables. 36 Phoenetia is a charming & fully operational 6 unit boutique property that offers investors, owner operators, STR operators, or Hospitality groups seeking a unique footprint in the Gables a rare combination of character, stability & upside potential. Operating successfully for the past 4 years, the property has built a strong reputation w consistent repeat travelers & steady bookings, delivering a reliable income stream w a loyal customer base. The property features 6 Private Guest Suites w individual split unit A/C systems, separate water heaters, private full bathrooms & kitchenettes. The authentic Spanish Architecture brings a classic Coral Gables charm & the Boutique hospitality experience has that quaint, cozy “home-away-from-home atmosphere ideal for leisure travelers, medical visitors, business travelers & extended stays. With its welcoming residential feel, prime location & consistent operating history, this property presents a compelling blend of lifestyle, warm ambiance, equity value gains & income-producing real estate. Call today to negotiate this one of a kind gem.

Property Overview

This is a fully operational, six-unit boutique property located at 36 Phoenetia Ave in the heart of Coral Gables. Built in 1926, the Spanish-style villa has been maintained with care and operates under a conditional use permit for Bed & Breakfast, making it one of the few legal short-term rental properties in the area. Each of the six private guest suites includes a split unit A/C system, a private full bathroom, a kitchenette, and a separate water heater, offering guests a comfortable and self-contained stay. The property has been in successful operation for the past four years and has developed a consistent stream of repeat guests and steady bookings, offering a reliable income with room for continued growth. With a total living area of 3,128 square feet, the building features authentic Spanish architecture that reflects the classic charm of Coral Gables. It's positioned in a prime location within the C GAB DOUGLAS SEC subdivision and is well-suited for a variety of operators, including individual investors, owner-operators, or hospitality groups. The property's established reputation and proven performance make it an attractive opportunity in a market known for its demand and desirability. For details or to learn more about the potential of this property, call 305-859-4733.

Frequently Asked Questions

What type of property is 36 Phoenetia Ave?

It is a 6-unit multifamily property operating as a boutique Bed & Breakfast with a conditional use permit in Coral Gables.

Is this property zoned for short-term rentals?

Yes, it has a conditional use permit allowing it to operate as a legal short-term rental in Coral Gables.

How old is the building and what style is it designed in?

The building was constructed in 1926 and features authentic Spanish-style architecture.

What is the asking price for 36 Phoenetia Ave?

The asking price is $2,650,000.

What amenities do the guest suites include?

Each of the 6 private guest suites includes individual split-unit A/C systems, private full bathrooms, kitchenettes, and separate water heaters.

What makes this property a unique investment opportunity?

It is a rare, fully operational Bed & Breakfast with a loyal customer base and consistent bookings, offering both character and upside potential in a prestigious Coral Gables location.