$2,400,000
PENDING $350K PRICE DROP

Estimated payment $14,728/month

Total Views 5,060
-- Bed
-- Bath
3,195 Sq Ft
$751 Price per Sq Ft

Highlights

  • No HOA
  • Oversized Lot
  • Clear Impact Glass
  • Coconut Grove Elementary School Rated A
  • Porch
  • 4-minute walk to Lincoln Park

About This Home

Discover the perfect canvas to build your dream home in one of Coconut Grove’s most coveted tree-canopied neighborhoods. This expansive 9,600 SF lot stretches from Catalina to Whitehead, offering exceptional potential for new construction. Currently, the property features two 3-bedroom, 2-bathroom units, each rented for approximately $5,000/month, providing immediate income while you plan your vision. Enjoy the best Grove lifestyle -walk to bayfront parks, marinas, and the historic village. This property is not in a flood zone in one of South Florida’s highest sea-level elevations. Ideally located just minutes from Downtown Miami, Coral Gables, and the Beaches, this is a chance to create something extraordinary in a premier location—a unique investment or development opportunity.

Listing Agent

Jill Penman

One Sotheby's International Realty License #3055685 Listed on: 03/27/2025

One Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,832

Year Built

  • Built in 1972

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Composition Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,195 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Home Security

  • Clear Impact Glass
  • High Impact Door

Additional Features

  • Porch
  • Oversized Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Mundys Condos
  • Mundys Subdivision, Center Coconut Grove Floorplan

Listing and Financial Details

  • Assessor Parcel Number 01-41-16-034-0271

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,832

Year Built

Built in 1972

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1972
  • Property Sub Type: Duplex
  • Architectural Style: Attached
  • Horses: No
  • Master Model: Center Coconut Grove
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: MUNDYS
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • LastStatus: Active With Contract
  • CurrentPrice: 2400000
  • InternetRemarks: Rare chance to build in lush Coconut Grove. 9600 SF lot, rental income, not in flood zone. Walk to parks, marinas, village shops & cafes.
  • ShowingTimeFlag: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Door Features: High Impact Doors
  • Flooring: Tile
  • Living Area: 3195
  • Stories: 1
  • Window Features: Clear Impact Glass, Impact Glass

Exterior Features

  • Roof: Composition Roll
  • Exterior Features: Other
  • Construction Type: Concrete Block Construction, CBS Construction, Other
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot, Oversized Lot
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MUNDYS
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-16-034-0271
  • Zoning: 5700

Rental Info

  • Rent Includes: Sewer, Trash Collection

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 22832

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $22,832 $1,028,243 -- --
2024 $21,871 $934,767 -- --
2023 $21,871 $849,789 $0 $0
2022 $17,125 $772,536 $0 $0
2021 $16,167 $702,306 $0 $0
2020 $15,320 $773,443 $547,200 $226,243
2019 $14,543 $775,300 $547,200 $228,100
2018 $13,363 $757,956 $528,000 $229,956
2017 $13,217 $479,686 $0 $0
2016 $12,662 $436,079 $0 $0
2015 $11,555 $396,436 $0 $0
2014 $10,566 $360,397 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2025 07/14/25 Pending -- -- --
05/12/2025 05/12/25 Price Changed $2,400,000 -12.7% $751 / Sq Ft
03/27/2025 03/27/25 For Sale $2,750,000 0.0% $861 / Sq Ft
06/01/2012 06/01/12 Rented $2,600 0.0% --
05/02/2012 05/02/12 Under Contract -- -- --
03/06/2012 03/06/12 For Rent $2,600 -- --
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $260,000 --
Warranty Deed $182,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $127,750 No Value Available
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11771681

MIAMI REALTORS® MLS

APN: 01-4116-034-0271

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