446 Madeira Ave, Coral Gables FL 33134 | Miami-Dade County | A11936581
- $1,898,000
- Single Family Residence
- 4
- 4.5
- 2
- 1195 Sq Ft
- $1,898,000
Description
Exceptional opportunity in the heart of Coral Gables to build a one-of-a-kind luxury residence on a prime 10,050 SF lot. Offered at a newly reduced price for a quick sale, this property includes plans for a thoughtfully designed 4,605 SF two-story Mediterranean-inspired home featuring elegant indoor-outdoor living, a chef’s kitchen, expansive living and dining areas, luxurious primary suite, guest accommodations, covered terrace, custom BBQ area, and resort-style pool. The most significant milestone has already been secured: approval by the Coral Gables Board of Engineers, a critical step that can save substantial time, cost, and uncertainty. The project is advancing through permitting and is believed to be nearing final Master Permit approval. Property is being sold AS-IS, and Buyer will be responsible for completing all remaining permits and approvals after closing. Ideal for investors, builders, or end-users seeking to create a custom luxury residence. Seller may also be available to build the project under a separate agreement. Located on a picturesque tree-lined street near Miracle Mile, Merrick Park, fine dining, golf, parks, and top-rated schools. Opportunities with Board of Engineers approval already secured are rare and provide a valuable head start in the development process. A unique chance to create a signature residence in one of South Florida’s most prestigious communities.
Property Overview
This is a 4-bedroom, 4.5-bath home of about 1195 square feet at 446 Madeira Ave, Coral Gables FL 33134 (Coral Gables 33134), listed at $1,898,000.
Monthly Costs, Stated Plainly
This home has no mandatory HOA (single-family / no association on record).
The tax of record is $23,074 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $37,960/yr (≈ $3,163/mo); with the homestead exemption on a primary residence, about $36,960/yr (≈ $3,080/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 is $1,898,000. As a furnished status is not stated on the MLS record, the specific items that convey must be confirmed; fixtures and built-in appliances are generally included with the home. The property includes a private in-ground pool, while any community or on-site amenities would be detailed upon request.
For a precise inventory of what is included and to verify all amenities, you should reach out to Christopher Lazaro, Coral Gables Real Estate Realtor.
Where exactly is it, and what should I know about the location?
The property is located at 446 Madeira Avenue in the 33134 zip code of Coral Gables, positioned along the city's coastal corridor. This places it within a well-established residential area with proximity to key thoroughfares and Biscayne Bay.
For a detailed discussion of the neighborhood's specific attributes and market context, you should contact Christopher Lazaro, Coral Gables Real Estate Realtor, to verify this information directly.
What are the HOA / association fees, and what do they cover?
This is a single-family home with no mandatory homeowners association on record. The owner is responsible for all utilities, landscaping, and exterior upkeep.
The property remains subject to all city of Coral Gables ordinances. You can review the municipal code online. For definitive verification of any property-specific regulations, contact Christopher Lazaro, Coral Gables Real Estate Realtor.
What are the property taxes and homestead implications?
The tax of record is $23,074 (2025). As an estimate only, Florida reassesses upon sale. At the listed price of $1,898,000 and a Miami-Dade rate near 2.0%, the annual estimate would be about $37,960 without a homestead exemption, or about $36,960 with the exemption, which lowers taxable value for a primary residence.
These are estimates, not quotes. Confirm all figures with the Miami-Dade Property Appraiser and a tax professional. For precise verification, contact Christopher Lazaro, Coral Gables Real Estate Realtor.
Is the home in a flood zone, and what does that mean?
Properties are assigned a flood zone designation by FEMA, which indicates the estimated risk of flooding. You can view the FEMA flood map for this address and review the official definitions of flood zones online.
For homes in high-risk zones, most mortgage lenders will require a separate flood insurance policy. To confirm the specific zone and implications for 446 Madeira Ave, contact Christopher Lazaro, Coral Gables Real Estate Realtor, for precise verification.
Are pets allowed?
This is a single-family home at 446 Madeira Ave, listed at $1,898,000. There is no condo or HOA board to set a pet policy; the allowance of pets is at the owner's discretion, subject to local ordinances and any applicable lease terms.
Documented service animals and emotional support animals are protected under separate federal housing laws. For precise verification of any current terms, you should reach out to Christopher Lazaro, Coral Gables Real Estate Realtor.
How is the price set and is there room to negotiate?
The list price reflects recent comparable sales in the building and vicinity, analyzed through a Comparative Market Analysis. Current market context shows Miami-Dade single-family homes have recently been closing at 95% of original list, around 41 days to contract (MIAMI REALTORS®, May 2026). A CMA specific to Coral Gables would provide the precise data to inform your offer strategy.
To verify the analysis and discuss negotiation parameters for 446 Madeira Ave, contact Christopher Lazaro, Coral Gables Real Estate Realtor.
What financing step do you recommend before touring?
Before viewing any property, I recommend securing a pre-approval letter from a Florida Licensed Mortgage Loan Originator. This clarifies your budget and strengthens your position in this market.
Once you have that in hand, reach out to Christopher Lazaro, Coral Gables Real Estate Realtor, to verify your standing and schedule a tour of 446 Madeira Ave.
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
Open on Google Maps-
Address: Madeira Ave
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City: Coral Gables
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State/county: Miami-Dade County
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Zip/Postal Code: 33134
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Area: CORAL GROVES
Details
Updated on August 13, 2026 at 3:42 pm-
Property ID A11936581
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Price $1,898,000
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Property Size 1195 Sq Ft
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Bedrooms 4
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Room 0
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Bathrooms 4.5
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Garages 2
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Year Built 2026
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Type Single Family Residence
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Property Status Active, Residential
Additional details
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Flooring Other
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Bedroom Features Other
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Cooling Other
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Association Type None
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Building CORAL GROVES
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Area Coral Groves
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Annual Tax 23074
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Association No
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Elementary School Sunset
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Private Pool No
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Listing Terms Conventional
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Neighborhood Coral Gables
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Waterfront No
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Full Bathrooms 4
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Subdivision CORAL GROVES
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Restrictions No Restrictions
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Parking None
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Heating Other
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Structure Type Pool Only, House
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Tax Year 2025
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Construction CBS Construction
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Building Area 1211
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Covered Spaces 2
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Middle School Ponce De Leon
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View Other
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Year Built Details Under Construction
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High School Coral Gables
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Pets Allowed Yes
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Half Bathrooms 1
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Flood Zone X
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New Construction No
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Garage Spaces 2
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Style Pool Only
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Lot Size (Sq Ft) 10050
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Membership Purchase Required No
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