About 4851 University Drive
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
Features of 4851 University Drive
| MLS® # | A11953185 |
|---|---|
| USD | $2,800,000 |
| CAD | $3,863,104 |
| CNY | 元18,791,360 |
| EUR | €2,409,436 |
| GBP | £2,068,430 |
| RUB | ₽242,903,080 |
| Last Listing Price | $2,800,000 |
| Year Built | 1962 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Closed |
| HOPA | No Hopa |
Community Information
| Address | 4851 University Drive |
|---|---|
| Area | 2410 |
| Subdivision | CORAL GABLES RIVIERA SEC |
| Development | Gables Riviera |
| City | Coral Gables |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33146 |
Amenities
| Utilities | Cable Available |
|---|---|
| Is Waterfront | Yes |
| Waterfront | Ocean Access, Other, Canal Front, Navigable Water |
| Has Pool | No |
Interior
| Heating | Central, Electric, Separate Meters |
|---|---|
| Cooling | Central Air, Ceiling Fan(s), Electric |
| # of Stories | 2 |
Exterior
| Exterior Features | Balcony |
|---|---|
| Lot Description | Room for Pool |
| Roof | Flat, Tile |
| Construction | CBS |
School Information
| Elementary | David Fairchild |
|---|---|
| Middle | Ponce De Leon |
| High | Coral Gables |
Additional Information
| Date Closed | April 10th, 2026 |
|---|---|
| Date Listed | February 1st, 2026 |
| Days on Market | 219 |
| Zoning | 5900 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Annually |
| Parcel ID | 0341190200010 |
Listing Details
| Office | Compass Florida, LLC |
|---|