Miami, FL · Land
Coral Gables Mansion Teardown — Luxury Rebuild Opportunity
$1,950,000
Aging Mediterranean-style mansion on a wide Coral Gables lot. Ideal replacement site for a builder targeting the $6M+ custom market.
- Asking price
- $1,950,000
- Estimated ARV
- $5,800,000
- Estimated repairs
- —
- Bedrooms
- 5
- Bathrooms
- 4
- Square footage
- 4,100
- Year built
- 1948
- Condition
- Teardown
- Strategy
- New Construction
- Zoning
- SFR
- Occupancy
- Vacant
Highlights
- 14,500 sq ft lot on a canopy street
- Blocks from Miracle Mile
- Recent new builds above $6M
- Land-value pricing
Market notes
Coral Gables new-construction demand continues to outpace available teardown inventory in the historic core.
Board of Architects review may apply. Buyer to verify all development rights independently.