421 Luenga Ave

Listing details

Address

421 Luenga Ave

Price

$3,000,000

Status

Active for sale

Bedrooms

3

Bathrooms

2

Living area

1,760 sq ft

Year built

1950

Days on market

27

Listing description

RARE CORAL GABLES DEVELOPMENT OPPORTUNITY on an expansive and DEEP 12,500 SF lot (100' Wide x 125' Deep) in the highly desirable Riviera section, just minutes from Coconut Grove. An exceptional opportunity to build a custom residence in an established neighborhood surrounded by significant new construction and luxury homes, with a brand new luxury home being constructed directly across the street. Ideally located near Coconut Grove, South Miami and the heart of Coral Gables, with many of Miami's most sought-after private schools nearby, including Ransom, Carrollton, Gulliver and St. Hugh. The existing residence is remodeled and livable. Of particular value, the oversized heated pool and spa were completely rebuilt 4 years ago and are positioned toward the rear of the property, allowing the potential to incorporate it into a new construction plan. A compelling opportunity for a developer, builder or end user seeking a substantial Coral Gables lot in an exceptional location. Property offered AS IS. All measurements, development potential, zoning and school assignments to be independently verified by buyer. Please do not walk property without an appointment.

How this listing compares

Listed at $1,705 per square foot. In Coral Gables, the median closed price was $519 per square foot and the median time on market was 71 days.

Listing history

• 27 days on market.