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Coral Gables Riviera Sec

$2,800,000

4851 University Dr, Coral Gables, FL 33146

Active
Last Updated: 02/09/2026

3,726 sqft

Building Size

2

Units

Details:
Building Size:    3,726 sqft
Units:    2
Year Built:    1962
Floors:    2
Parking Spots:    4
Gross Leaseable Area:    3,726
Highlights:
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Documents Available: Copy Of Lease(S), Other Available Information
  • Architectural Style: Detached, Other
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Heating: Central, Electric
  • Flooring: Ceramic Floor, Tile, Wood
  • Construction Materials: CBS Construction
Description:

Rare waterfront opportunity along the Coral Gables Waterway. This unique offering consists of two condo units within a single structure, positioned on an oversized waterfront site ideal for redevelopment into a bespoke luxury residence. And the addition or dock(s) and boating structures. The property offers direct water frontage in a quiet residential enclave surrounded by high-end homes, presenting exceptional long-term value in one of Coral Gables’ most prestigious neighborhoods. Currently income-producing with leases in place, allowing a buyer to offset holding costs while planning, designing, and permitting a future redevelopment. Opportunities of this scale, orientation, and flexibility are increasingly scarce. Ideal for a luxury end-user builder or buyer seeking to create a one-of-a-kind waterfront home with privacy, indoor-outdoor living, and enduring architectural appeal. NOTE THERE ARE 2 FOLIO NUMBERS THE SALE INCLUDES FOLIO #03-4119-020-0020. DO NOT DISTURB THE TENANTS

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