$999,998

Build new, renovate, or create your custom residence on this 7,062 sq ft lot located on a beautiful tree lined street in Coral Gables. The existing 1946 home offers approximately 1,330 sq ft of living space and provides a variety of possibilities for its next owner. Buyers may choose to update or expand the existing home, generate rental income while planning a future project, or design and build a new custom residence. The surrounding neighborhood features a mix of renovated homes and newly constructed residences, reflecting the strong demand and continued evolution of this desirable Coral Gables location. The property is not historically designated, providing flexibility for renovation or redevelopment (buyer to verify with the City of Coral Gables). The lot size may allow for the construction of a new residence exceeding 3,000 sq ft of living area. Ideally located in Coral Gables just minutes from Miracle Mile, the Biltmore Hotel, golf courses, parks, restaurants, and shopping. Property is connected to city sewer (no septic system). A versatile opportunity in one of Coral Gables’ most desirable residential neighborhoods.