4851 University Dr ,Duplex, Coral Gables Riviera Sec for Sale

4851 University Dr for Sale

Price $2,800,000.00

• Lot size 3726
• Year Build 1962
• Waterfront Canal Front, Fixed Bridge(S), Navigable Water, Ocean Access
• Zip 33146
• Style Detached, Other
• Parking Description
• Pool Yes
• Status Active

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

GABLES RIVIERA ON THE WATERWAY CONDO UNIT 1 AKA 4851 UNDIV 50% INT IN COMMON ELEMENTS OFF REC 29915-625

1/4 To Less Than 1/2 Acre Lot

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

City:Coral Gables,Zoning:5900,Cooling:1:Central Air,2:Electric,Heating:1:Electric,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2025,Flooring:1:Tile,2:Wood,Latitude:25.7259495,Cooling Y N:1,Heating Y N:1,List Price:2800000,Listing Id:A11953185,Longitude:-80.2727737,Mls Status:Active,Year Built:1962,Inclusions:Dock Available,Other, Dock Available,Living Area:3726,Postal Code:33146,Street Name:University Dr,Coordinates:1:25.7259495,Photos Count:45,Building Name:CORAL GABLES RIVIERA SEC,Days On Market:3,Listing Terms:1:Conventional,2:VA Loan,Lot Size Units:Square Feet,M I A M I R E_ Area:41,M L S Area Major:Coral Gables Riviera Sec,On Market Date:2026-02-01,Parcel Number:03-41-19-020-0010,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Trash Collection,Stories Total:2,Street Number:4851,Waterfront Y N:1,Association Y N:1,M I A M I R E_ Style:Duplex,Public Remarks: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,County Or Parish:Miami-Dade County,Expiration Date:2026-07-31,Frontage Length:78,List Office Name:Compass Florida, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1152,Property Sub Type:Duplex,State Or Province:FL,Subdivision Name:CORAL GABLES RIVIERA SEC,Gables Riviera,Tax Annual Amount:27808,Total Actual Rent:103200,Unparsed Address:4851 University Dr, Coral Gables FL 33146,Exterior Features:1:Room For Pool,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Year Built Details:Resale,Building Area Total:3726,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:X,M I A M I R E_ L P Amt Sq Ft:751.4761,Original List Price:2800000,Public Survey Range:41,Architectural Style:1:Other,Building Area Source:Owner,Documents Available:1:Other Available Information,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Number Of Units Total:2,Syndication Remarks: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,Waterfront Features:1:Fixed Bridge(S),2:Navigable Water,3:Ocean Access,Listing Contract Date:2026-02-01,Originating System I D:miamire,Public Survey Section:19,Showing Instructions:Appointment Only,List Agent Must Accompany,Showing Assist,Street Number Numeric:4851,Tax Legal Description:GABLES RIVIERA ON THE WATERWAY CONDO UNIT 1 AKA 4851 UNDIV 50% INT IN COMMON ELEMENTS OFF REC 29915-625,M I A M I R E_ Current Price:2800000,Public Survey Township:41,M I A M I R E_ Municipal Code:3,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:3726,M I A M I R E_ Exp Incl Retax Y N:1,M I A M I R E_ Exp Incl Trash Y N:1,Association Fee Frequency:Annually,M I A M I R E_ Internet Remarks:Rare Coral Gables waterfront-oversize lot with two units. Redevelop into a luxury home with dock potential. Income-producing.Do Not Disturb Tenants.,M I A M I R E_ Parcel Number M L X:0010,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.725895$-80.272699$64.69$13.33$1.00$4DSn0wh98jIf-2m--N9bOQ,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2026-02-01,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:20,M I A M I R E_ Exp Incl Insurance Y N:1,M I A M I R E_ Agent Alternate Phone:305-333-2550,M I A M I R E_ Exp Incl Management Y N:1,M I A M I R E_ Exp Incl Water Sewer Y N:1,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:4851 University Dr,M I A M I R E_ Building Area Alternative:3726,M I A M I R E_ Exp Incl Lawn Maintenance Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:751.48,Internet Automated Valuation Display Y N:1,