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$2,800,000

  • For Sale
  • Active
  • Duplex
  • 3,726 Sq. Ft.
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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

Full Property Details for 4851 University Dr

General

  • Price: $2,800,000
  • Taxes: $27,808 (2025)
  • Status: Active
  • Type: Duplex
  • Source: Greater_Miami
  • MLS ID: A11953185
  • Updated: 2/1/2026
  • Added to Site: 21 day(s) ago

Rental Information

  • Rent Includes: Gardener, Trash Collection

Interior

  • Interior Features: Stairs
  • Flooring: Ceramic Floor, Tile, Wood

Exterior

  • Exterior Features: Open Balcony, Room for Pool
  • Deck/Patio: Open Balcony

Parking

  • Total Spaces: 4

Location

  • Area: Coral Gables Riviera Sec
  • County: Miami-Dade County
  • Subdivision: CORAL GABLES RIVIERA SEC, Gables Riviera
  • Building Name: CORAL GABLES RIVIERA SEC

Community

  • Community Name: Coral Gables Riviera Sec
  • Association: Yes
  • Units Assoc/Comm: 2

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central Air, Electric
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Municipal Water

Structural Information

  • Architectural Style: Detached, Other
  • Structure Type: Duplex
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Roof: Flat Tile
  • Windows: Blinds
  • Stories/Levels: 2
  • Building Size: 3726
  • Square Feet: 3,726
  • Sq. Ft. Source: Owner
  • Living Area: 3,726 Sq. Ft.
  • Year Built: 1962

Unit Information

  • Units in Complex: 2

Lot Features

  • Frontage Feet: 78
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Zoning: 5900

Water Features

  • Water Front: Yes
  • Water Front Desc.: Canal Front, Fixed Bridge(s), Navigable Water, Ocean Access

Financial Considerations

  • Price Per Sq. Ft.: $751.48
  • Assoc Fee Freq.: Annually
  • Tax Amount: $27,808
  • Tax Year: 2025
  • Terms: All Cash, Conventional, VA Loan

Disclosures and Reports

  • Documents Avail.: Copy Of Lease(S), Other Available Information
  • Legal Description: GABLES RIVIERA ON THE WATERWAY CONDO UNIT 1 AKA 4851 UNDIV 50% INT IN COMMON ELEMENTS OFF REC 29915-625
  • Inclusions: Dock Available, Other, Dock Available
  • Property ID: 03-41-19-020-0010

Listed by Compass Florida, LLC

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Listing agents

— 4851 University Dr —

  • Compass Florida, LLC

  • Compass Florida, LLC

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 4851 University Dr

School District:Dade County School District
NameGradesDistance
David Fairchild Elementary School
5757 Southwest 45th Street, Miami, FL 33155
PK-51 mi
Ponce De Leon Middle School
5801 Augusto Street, Coral Gables, FL 33146
6-80.7 mi
Coral Gables Senior High School
450 Bird Road, Coral Gables, FL 33146
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4851 University Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/01/2026
Listed
$2,800,000
98.58%
MLS
10/07/2020
Sold
$1,410,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4851 University Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,228
7%
$760,725
5%
2023
$12,325
15%
$724,500
25%
2022
$10,675
2%
$579,600
5%
2021
$10,456
-1%
$552,000
—
2019
$10,511
-6%
$552,000
-8%
2018
$11,155
-1%
$600,000
—
2017
$11,298
—
$600,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Compass Florida, LLC

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4851 University Dr, Coral Gables, FL 33146 (MLS# A11953185) is a Duplex property with 0 bedrooms and 0 full bathrooms. 4851 University Dr is currently listed for $2,800,000 and was received on February 01, 2026. Want to learn more about 4851 University Dr? Do you have questions about finding other Duplex real estate for sale in Coral Gables? You can browse all Coral Gables real estate or contact a Coldwell Banker agent to request more information.

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