Description

Rare waterfront opportunity along the Coral Gables Waterway. This distinctive offering features two condo units within a single structure, set on an oversized waterfront lot ideal for redevelopment into a bespoke luxury residence, with the potential to add dock(s) and boating structures. Enjoy direct water frontage in a quiet residential enclave surrounded by high-end homes, delivering exceptional long-term value in one of Coral Gables’ most prestigious neighborhoods. The property is currently income-producing with leases in place, allowing a buyer to offset holding costs while planning, designing, and permitting a future redevelopment. Opportunities with this scale, orientation, and flexibility are increasingly scarce, making it ideal for a luxury end-user, builder, or investor seeking to create a one-of-a-kind waterfront estate defined by privacy, seamless indoor-outdoor living, and timeless architectural appeal. Note: There are two folio numbers: 03-4119-020-0010/0020

Address

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Address: University Dr
City: Coral Gables
State/county: Miami-Dade County
Zip/Postal Code: 33146
Area: CORAL GABLES RIVIERA SEC, Gables Riviera

Details

Updated on February 4, 2026 at 9:25 pm

Property ID A11956768
Price $2,800,000
Land Area 0.25 Square Feet
Type Residential
Property Status Land/Boat Docks

Additional details

AdditionalParcelsYN 1
BuildingAreaUnits Square Feet
BuildingName CORAL GABLES RIVIERA SEC
ContractStatusChangeDate 2026-02-01
CurrentUse Residential, Other Usage
DaysOnMarket 3
DevelopmentStatus Other
DirectionFaces West
DocumentsAvailable Aerial Photo, Copies Of Lease(S)
DocumentsCount 2
ExpirationDate 2026-07-31
FrontageLength 78
Inclusions Dock Available
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-333-2550
ListingTerms All Cash, Conventional
LotFeatures Build To Suit, Street Lights
LotSizeSquareFeet 0
MLSAreaMajor Coral Gables Riviera Sec
MajorChangeTimestamp February 2, 2026 at 03:00pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp February 4, 2026 at 05:11pm
OnMarketDate 2026-02-01
OriginalEntryTimestamp February 2, 2026 at 03:00pm
OriginalListPrice 2800000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
OtherStructures Other Bldg Incl
ParcelNumber 03-41-19-020-0020
PhotosChangeTimestamp February 2, 2026 at 03:04pm
PhotosCount 22
Possession Funding
PostalCodePlus4 1152
PriceChangeTimestamp February 2, 2026 at 12:13am
PublicSurveyRange 41
PublicSurveySection 19
PublicSurveyTownship 41
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions Call Listing Agent, See Broker Remarks, Showing Assist, Sign On Property
SignOnPropertyYN 1
SourceSystemKey 426203387
StateOrProvince FL
StatusChangeTimestamp February 2, 2026 at 03:00pm
StreetName University Dr
StreetNumber 4855
StreetNumberNumeric 4855
StructureType Residential
SyndicationRemarks Rare waterfront opportunity along the Coral Gables Waterway. This distinctive offering features two condo units within a single structure, set on an oversized waterfront lot ideal for redevelopment into a bespoke luxury residence, with the potential to add dock(s) and boating structures. Enjoy direct water frontage in a quiet residential enclave surrounded by high-end homes, delivering exceptional long-term value in one of Coral Gables’ most prestigious neighborhoods. The property is currently income-producing with leases in place, allowing a buyer to offset holding costs while planning, designing, and permitting a future redevelopment. Opportunities with this scale, orientation, and flexibility are increasingly scarce, making it ideal for a luxury end-user, builder, or investor seeking to create a one-of-a-kind waterfront estate defined by privacy, seamless indoor-outdoor living, and timeless architectural appeal. Note: There are two folio numbers: 03-4119-020-0010/0020
TaxAnnualAmount 27808
TaxLegalDescription GABLES RIVIERA ON THE WATERWAY CONDO UNIT 2 AKA 4855 UNDIV 50% INT IN COMMON ELEMENTS OFF REC 29915-625
TaxYear 2025
Utilities Cable Connected, Electricity Connected, Sewer Connected, Underground Utilities, Water Connected, Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Removal, Water Available
Vegetation Mostly Oaks
View Canal View
WaterSource Municipal Water
WaterfrontFeatures Canal Front, Fixed Bridge(S), Ocean Access
Zoning 5900