NOT LISTED FOR SALE

1242 Coral Way Coral Gables, FL 33134

Coral Gables Section Neighborhood

Estimated Value: $5,688,000 - $7,703,606

6 Beds
7.5 Baths
5,656 Sq Ft
$1,192/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $5,395,000 $954 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $42,477/month

203 Days on Market

Highlights

  • Guest House
  • New Construction
  • Garage Apartment
  • Coral Gables Preparatory Academy Rated A-
  • In Ground Pool
  • 4-minute walk to Salvadore Park

About This Home

As of January 2022

Extraordinary new construction estate located on historic Coral Way, near Biltmore Hotel & in proximity to prestigious private schools & upscale dining/shopping at Merrick Park. This impressive home sits on a gated 17500 sf lot, featuring a grand foyer entry w/ exposed wood beam ceiling, formal living & dining rm each w/ an elegant stone encased fireplace. Gourmet kitchen w/ custom flr to ceiling exquisite cabinetry, butler’s pantry, SubZero & Wolf appl & 150 bottle wine cooler. Master suite offers private his & her baths, steam shower, & large terrace. Discover ample rm w/ an upstairs den & private guesthouse w/ separate entrance. Outdr living w/ covered patio, summer kit, & saltwater pool/spa. Add’l Features: elevator ready, pre-wired smart home, imp windows/drs, carport & 2 Car gar.

Last Agent to Sell the Property

Michael Martinez

One Sotheby's International Realty License #0694150 Listed on: 04/16/2021

One Sotheby's International Realty

Co-Listed By

Cristina Brennan

One Sotheby's International Realty License #0579180

Last Buyer's Agent

Laura Garcia

One Sotheby's International Realty License #0678006

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,034

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.4 Acre Lot
  • North Facing Home
  • Property is zoned 0100

Parking

  • 2 Car Attached Garage
  • 1 Carport Space
  • Garage Apartment
  • Driveway
  • Paver Block
  • Open Parking

Home Design

  • Studio

Interior Spaces

  • 5,656 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Fireplace
  • Single Hung Metal Windows
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Two Primary Bathrooms
  • Maid or Guest Quarters
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Laundry Tub
  • Washer and Dryer Hookup

Home Security

  • Security System Owned
  • High Impact Windows
  • High Impact Door

Pool

  • In Ground Pool
  • Pool Equipment Stays

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Porch

Additional Homes

  • Guest House

Schools

  • Coral Gables Elementary School
  • Carver; G.W. Middle School
  • Coral Gables High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Coral Gab Sec D Rev Pl Subdivision

Listing and Financial Details

  • Assessor Parcel Number 03-41-18-002-0031

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,034

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2021
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Co List Office Mls Id: OSIR01
  • Co List Office Phone: 305-666-0562
  • Garage Yn: Yes
  • Horses: No
  • New Construction: Yes
  • Structure Type: Pool Only, House
  • Subdivision Name: CORAL GAB SEC D REV PL
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Gas Water Heater, Microwave, Gas Range, Refrigerator, Wall Oven
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Cooking Island, Entrance Foyer, Laundry Tub, Pantry, Volume Ceilings, Den/Library/Office, Family Room, Garage Apartment, Maid/In-Law Quarters, Studio Apartment, Utility Room/Laundry
  • Spa Yn: Yes
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 5656
  • Possible Use: Unknown/Withheld
  • Window Features: Clear Impact Glass, Complete Impact Glass, High Impact Windows, Impact Glass, Single Hung Metal
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining, Snack Bar/Counter
  • Living Room Features: Den/Library/Office, Family Room, Garage Apartment, Guest House, Maid/In-Law Quarters, Studio Apartment, Utility Room/Laundry
  • Master Bathroom Features: 2 Master Bathrooms, Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Other
  • View: None
  • Exterior Features: Barbeque, Built-In Grill, Lighting, Open Balcony
  • Direction Faces: North
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Other Structures: Guest House
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Features: In Ground, Equipment Stays
  • Pool Private: No
  • Property Condition: New Construction
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: CORAL GAB SEC D REV PL
  • Carport Spaces: 1
  • Covered Parking Spaces: 3
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Covered, Driveway, Paver Block

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub, Utility Room/Laundry, Washer/Dryer Hook-Up
  • Security: Owned Burglar Alarm

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Coral Gables
  • High School: Coral Gables
  • Middle Or Junior School: Carver; G.W.

Lot Info

  • Parcel Number: 03-41-18-002-0031
  • Lot Size Sq Ft: 17500
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 16034

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Jan 20, 2022
Sold by
1248 Coral Way Llc
Bought by
Sim Catherine D and Sim Edward
Seller's Agent
Michael Martinez
One Sotheby's International Realty
Buyer's Agent
Laura Garcia
One Sotheby's International Realty
List Price
$5,500,000
Sold Price
$5,395,000
Premium/Discount to List
-$105,000
-1.91%
Current Estimated Value
$6,742,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,347,402
Avg. Annual Appreciation
6.18%
Original Mortgage
$3,037,500
Outstanding Balance
$2,756,303
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
$3,986,099

Purchase Details

Closed on
Jan 20, 2012
Sold by
United States Of America
Bought by
1248 Coral Way Llc

Purchase Details

Closed on
May 3, 2011
Sold by
Admire John G
Bought by
The United States Of America
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sim Catherine D $5,395,000 Attorneys Title & Trust
1248 Coral Way Llc $792,500 Attorney
The United States Of America -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sim Catherine D $3,037,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2022 01/21/22 Sold $5,395,000 -1.9% $954 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $5,500,000 -- $972 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $80,764 $4,571,233 -- --
2024 $82,115 $4,442,404 $1,575,423 $2,866,981
2023 $82,115 $4,471,080 $1,575,423 $2,895,657
2022 $19,075 $919,767 $0 $0
2021 $16,635 $836,152 $835,164 $988
2020 $16,034 $836,162 $835,164 $998
2019 $15,232 $836,173 $835,164 $1,009
2018 $14,844 $835,164 $835,164 $0
2017 $12,723 $587,244 $0 $0
2016 $12,400 $533,859 $0 $0
2015 $12,121 $485,327 $0 $0
2014 $9,779 $441,207 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Martinez

    Seller's Agent in 2022

    Michael Martinez

    One Sotheby's International Realty

    (305) 725-1696

    3 in this area

    197 Total Sales

    Michael Martinez
    Section Image
  • Cristina Brennan

    Seller Co-Listing Agent in 2022

    Cristina Brennan

    One Sotheby's International Realty

    (305) 666-0562

    3 in this area

    6 Total Sales

    Cristina Brennan
    Section Image

  • L

    Buyer's Agent in 2022

    Laura Garcia

    One Sotheby's International Realty

    (305) 798-9321

    3 in this area

    44 Total Sales

    Laura Garcia
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11027617

MIAMI REALTORS® MLS

APN: 03-4118-002-0031

Florida Miami/Dade County Coral Gables 33134 Coral Gables Section

1242 Coral Way, Coral Gables, FL

This home is located at 1242 Coral Way, Coral Gables, FL 33134 since 16 April 2021 and is currently estimated at $6,742,402, approximately $1,192 per square foot. This property was built in 2021. 1242 Coral Way is a home located in Miami-Dade County with nearby schools including Coral Gables Preparatory Academy, Ponce de Leon Middle School, and Coral Gables Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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