$2,800,000

4855 University Dr, Coral Gables, FL 33146

Land
Built in ——
0.25acre lot
—— car garage
$——/sqft
Listed 8 days ago

Property Description

Rare waterfront opportunity along the Coral Gables Waterway. This distinctive offering features two condo units within a single structure, set on an oversized waterfront lot ideal for redevelopment into a bespoke luxury residence, with the potential to add dock(s) and boating structures. Enjoy direct water frontage in a quiet residential enclave surrounded by high-end homes, delivering exceptional long-term value in one of Coral Gables’ most prestigious neighborhoods. The property is currently income-producing with leases in place, allowing a buyer to offset holding costs while planning, designing, and permitting a future redevelopment. Opportunities with this scale, orientation, and flexibility are increasingly scarce, making it ideal for a luxury end-user, builder, or investor seeking to create a one-of-a-kind waterfront estate defined by privacy, seamless indoor-outdoor living, and timeless architectural appeal. Note: There are two folio numbers: 03-4119-020-0010/0020

Listing Status:: Active
Date Added:: February 1, 2026
Data Last Updated:: February 9, 2026 at 4:08PM
Listing Office:: Compass Florida, LLC : 305-697-2904
Listing Agent:: Pilar Aparicio : 305-333-2550
MLS ID:: A11956768

General: Other Bldg Incl

Originating MLS: Miami Association of REALTORS®
County: Miami-Dade County

Zoning: 5900GABLES RIVIERA ON THE WATERWAY CONDO UNIT 2 AKA 4855 UNDIV 50% INT IN COMMON ELEMENTS OFF REC 29915-62503-41-19-020-0020
View: Canal View
Current Use: ResidentialOther Usage

Utilities: Cable ConnectedElectricity ConnectedSewer ConnectedUnderground UtilitiesWater ConnectedCable AvailableElectricity AvailablePhone AvailableSewer AvailableTrash RemovalWater Available
Water: Municipal Water
Sewer: Public Sewer

Source: Miami Association of REALTORS®

Presented by RE/MAX Excellence

This listing courtesy of Pilar Aparicio , Compass Florida, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Henry S. West Laboratory School

5300 Carillo St, Coral Gables, FL, 33146

Grades KG-8

0.35 miles away

Henry S. West Laboratory School

5300 Carillo St, Coral Gables, FL, 33146

Grades KG-8

0.35 miles away

Coral Gables Senior High School

450 Bird Rd, Coral Gables, FL, 33146

Grades 9-12

0.78 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.