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$2,800,000

  • For Sale
  • Active
  • Condo
  • 8 Beds
  • 4 Full Baths
  • 1,863 Sq. Ft.
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Waterfront Redevelopment Opportunity of a dual-unit building on Waterway. Investor-focused opportunity along the prestigious Coral Gables Waterway. This distinctive offering includes two condo units sold together as a single building, positioned on an oversized waterfront lot ideal for redevelopment, renovation, or the creation of a bespoke luxury residence with potential for dock(s) and boating structures. The square footage shown reflects one unit; the total building size is 3,726 SF, providing exceptional scale for reconfiguration or expansion. Surrounded by high-end homes in a quiet residential enclave, the property offers direct water frontage and compelling long-term value. Currently income-producing with leases in place, buyers can offset holding costs while planning, designing, and permitting a future vision. Opportunities with this size, flexibility, and premier location are increasingly scarce. Ideal for an end-user, builder, or investor seeking a signature waterfront estate defined by privacy, seamless indoor-outdoor living, and timeless architectural appeal. Note: Two folio numbers; sale includes Folio #03-4119-020-0010. MLS A11953185.

Full Property Details for 4855 University Dr #4855

General

  • Price: $2,800,000
  • Taxes: $27,808 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11956625
  • Updated: 2/2/2026
  • Added to Site: 21 day(s) ago

Interior

  • Interior Features: First Floor Entry, Second Floor Entry
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Flooring: Ceramic Floor, Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Primary Bathroom: 2 Primary Bathrooms, Shower Only

Bedrooms

  • Total Bedrooms: 8
  • Bedroom Features: At Least 1 Bedroom Ground Level

Other Rooms

  • Dining Room: Family/Dining Combination

Additional Information

  • Shared Amenities: Exterior Lighting
  • Maint. Includes: Air Conditioning Maintenance, Building Exterior, Insurance, Landscaping/Lawn Maintenance, Parking, Trash Removal
  • Security/Safety: Smoke Detector, No Security

Exterior

  • Exterior Features: Other, Open Balcony
  • Deck/Patio: Open Balcony

Parking

  • Parking Features: 2 Or More Spaces

Location

  • Area: Coral Gables Riviera Sec
  • County: Miami-Dade County
  • Subdivision: CORAL GABLES RIVIERA SEC, GABLES RIVIERA
  • Building Name: GABLES RIVIERA ON WATER
  • Direction Faces: West

School Information

  • Elementary School: Fairchild; David
  • Middle School: Ponce De Leon
  • High School: Coral Glades High

Community

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

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Electric

Structural Information

  • Structure Type: Townhouse, Condo
  • Detached/Attached: Attached
  • Construction: CBS Construction
  • Windows: Blinds
  • Entry Floor Number: 2
  • Building Size: 1863
  • Square Feet: 1,863
  • Sq. Ft. Source: Owner
  • Living Area: 1,863 Sq. Ft.
  • Year Built: 1962

Unit Information

  • Units in Complex: 2

Lot Features

  • Property View: Canal

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Canal Width 1-80 Feet, Fixed Bridge(s), Ocean Access

Financial Considerations

  • Price Per Sq. Ft.: $1,502.95
  • Assoc Fee Freq.: Annually
  • Tax Amount: $27,808
  • Tax Year: 2025
  • Terms: All Cash, Conventional, VA Loan

Disclosures and Reports

  • Ownership: Corporation
  • Legal Description: GABLES RIVIERA ON THE WATERWAY CONDO UNIT 2 AKA 4855 UNDIV 50% INT IN COMMON ELEMENTS OFF REC 29915-625
  • Restrictions: Ok To Lease, Okay To Lease 1st Year, See Broker Remarks
  • Inclusions: Other, Other Water Access
  • Property ID: 03-41-19-020-0020

Listed by Compass Florida, LLC

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Listing agents

— 4855 University Dr #4855 —

  • 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 4855 University Dr #4855

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 4855 University Dr #4855 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 4855 University Dr #4855

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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4855 University Dr #4855, Coral Gables, FL 33146 (MLS# A11956625) is a Condo property with 8 bedrooms and 4 full bathrooms. 4855 University Dr #4855 is currently listed for $2,800,000 and was received on February 01, 2026. Want to learn more about 4855 University Dr #4855? Do you have questions about finding other Condo 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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