39
  • Type
  • Single Family Residence
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 1
  • Garage
  • 1575 Sq Ft
  • Area Size
1201 Obispo Ave, Coral Gables FL 33134 | Miami-Dade County | A11991128
  • $1,480,000

Description

PRIME CORNER LOT on coveted Obispo Avenue — one of the most desirable addresses in Coral Gables.
Set on a generous 8,579 SF corner lot with exceptional natural light, moments from the Coral Gables Country Club, Granada Golf Course, the iconic Biltmore Hotel, and nearby parks and tennis. Fully updated in 2023, the residence offers 3 bedrooms, 2 full baths, a renovated kitchen and baths, wood-look plank flooring throughout, and an air-conditioned garage offering flexible additional space. Move-in ready with timeless character in an unbeatable location — a rare opportunity to own a prime corner lot in a truly exceptional pocket of the Gables.

Property Overview

This is a 3-bedroom, 2-bath home of about 1575 square feet at 1201 Obispo Ave, Coral Gables FL 33134 (Coral Gables 33134), listed at $1,495,000.

Monthly Costs, Stated Plainly

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

The tax of record is $19,325 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $29,900/yr (≈ $2,492/mo); with the homestead exemption on a primary residence, about $28,900/yr (≈ $2,408/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 1201 Obispo Ave is $1,495,000. Fixtures and built-in appliances generally convey with the home, but the MLS record does not state if the property is furnished; you must confirm which specific items will stay.

Distinguish these personal assets from shared community amenities, which are available upon request. Contact Christopher Lazaro, Coral Gables Real Estate Advisor, to verify these details.

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

The property is located at 1201 Obispo Ave, Coral Gables FL 33134, situated within the coastal corridor. This location places the home in the Coral Gables 33134 zip code.

Contact Christopher Lazaro, Coral Gables Real Estate Advisor, to verify these details.

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

There is no mandatory HOA for this single-family home. The owner is responsible for all utilities and property upkeep. The property remains subject to city ordinances, which can be reviewed at https://library.municode.com/fl/coral-gables/codes/code_of_ordinances.

Contact Christopher Lazaro, Coral Gables Real Estate Advisor, to verify these details.

What are the property taxes and homestead implications?

The tax of record is $19,325 (2025). As an ESTIMATE ONLY, Florida reassesses at sale; at this price and a Miami-Dade rate near 2.0%, the ESTIMATE is about $29,900/yr (≈ $2,492/mo) without homestead, or about $28,900/yr (≈ $2,408/mo) with the homestead exemption on a primary residence. Florida's homestead exemption lowers taxable value only for a primary residence.

Confirm with the Miami-Dade Property Appraiser and a tax professional, as these are estimates, not quotes. Contact Christopher Lazaro, Coral Gables Real Estate Advisor, to verify.

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

Flood zones identify areas at different risk levels for flooding. You can find FEMA definitions here and View the FEMA flood map for this address to see the specific designation for 1201 Obispo Ave. Lenders often require flood insurance in high-risk zones.

Contact Christopher Lazaro, Coral Gables Real Estate Advisor, to verify these details.

Are pets allowed?

This is a single-family home, so no HOA board dictates a pet policy. Pets are at the owner's discretion, subject to any existing lease and city or county ordinances. Documented service animals and ESAs carry separate federal protections.

Contact Christopher Lazaro, Coral Gables Real Estate Advisor, to verify details.

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

Miami-Dade single-family homes have recently been closing at 95% of original list, around 41 days to contract (MIAMI REALTORS®, May 2026). For 1201 Obispo Ave, the $1,495,000 price is derived from a Comparative Market Analysis (CMA).

I can provide a Coral Gables-specific CMA to ensure your offer aligns with current local data. Contact Christopher Lazaro, Coral Gables Real Estate Advisor, to verify these figures.

What financing step do you recommend before touring?

Secure a pre-approval before touring 1201 Obispo Ave to ensure your offer is competitive. Connect with a Florida-licensed mortgage originator to establish your budget. Contact Christopher Lazaro, Coral Gables Real Estate Advisor, to verify these details.

Monthly Fees & Carrying Costs

  • Membership Required: No

Have a question about this Coral Gables listing?

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

  • Address: Obispo Ave
  • City: Coral Gables
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33134
  • Area: CORAL GABLES SEC E

Details

Updated on August 13, 2026 at 7:48 pm
  • Property ID A11991128
  • Price $1,480,000
  • Property Size 1575 Sq Ft
  • Bedrooms 3
  • Room 0
  • Bathrooms 2
  • Garage 1
  • Year Built 1948
  • Type Single Family Residence
  • Property Status Active, Residential

Additional details

  • Flooring Vinyl
  • Bedroom Features Entry Level, Primary Bath Shower, Primary Bath Tub, Primary Bedroom Ground Level
  • Cooling Central Air
  • Association Type None
  • Building CORAL GABLES SEC E
  • Area Coral Gables Sec E
  • Annual Tax 19325
  • Association No
  • Elementary School Sunset
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Full Bathrooms 2
  • Subdivision CORAL GABLES SEC E
  • Restrictions No Restrictions
  • Parking Driveway
  • Heating Electric
  • Structure Type R30-No Pool/No Water, House
  • Tax Year 2025
  • Construction Concrete Block Construction, CBS Construction
  • Building Area 1839
  • Covered Spaces 1
  • Middle School Ponce De Leon
  • View None, Other
  • Year Built Details Resale
  • High School Coral Gables
  • Half Bathrooms 0
  • Flood Zone X
  • New Construction No
  • Garage Spaces 1
  • Style R30-No Pool/No Water
  • Lot Size (Sq Ft) 8579
  • Membership Purchase Required No

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