Active MLS listing
23 Majorca Ave
For sale · $1,975,000 · Coral Gables · FL
Listing details
- Address
- 23 Majorca Ave
- Price
- $1,975,000
- Status
- Active for sale
- Bedrooms
- 8
- Bathrooms
- 4
- Living area
- 4,200 sq ft
- Year built
- 1949
- Days on market
- 10
Listing description
Rare Coral Gables fourplex with two paths to value. Hold it as a stabilized income-producing asset, or convert it to a single-family estate in one of the Gables’ most sought-after residential pockets. 5,640 SF lot on a tree-lined street, minutes from Miracle Mile, Downtown Coral Gables, the University of Miami, and Merrick Park. Four separate units 2-Bedroom / 1- Bath, Fully leased for a year. The Gables’ strict single-family premiums, limited supply, and lasting demand make this one of the few chances to buy here with an income cushion while you plan the conversion. Buyer to verify zoning, permitting, and conversion feasibility with the City of Coral Gables. Tenant-occupied; showings by appointment with notice. Rent roll and OM available on request.
How this listing compares
Listed at $470 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
- 10 days on market.
Listing courtesy of Maddux & Company. MLS# A12103363
Listing information provided by the MLS. Details and availability can change.