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Exceptional opportunity in the heart of Coral Gables to build a one-of-a-kind luxury residence on a prime 10,050 SF lot. Offered at a newly reduced price for a quick sale, this property includes plans for a thoughtfully designed 4,605 SF two-story Mediterranean-inspired home featuring elegant indoor-outdoor living, a chef's kitchen, expansive living and dining areas, luxurious primary suite, guest accommodations, covered terrace, custom BBQ area, and resort-style pool. The most significant milestone has already been secured: approval by the Coral Gables Board of Engineers, a critical step that can save substantial time, cost, and uncertainty. The project is advancing through permitting and is believed to be nearing final Master Permit approval. Property is being sold AS-IS, and Buyer will be responsible for completing all remaining permits and approvals after closing. Ideal for investors, builders, or end-users seeking to create a custom luxury residence. Seller may also be available to build the project under a separate agreement. Located on a picturesque tree-lined street near Miracle Mile, Merrick Park, fine dining, golf, parks, and top-rated schools. Opportunities with Board of Engineers approval already secured are rare and provide a valuable head start in the development process. A unique chance to create a signature residence in one of South Florida's most prestigious communities.
Property Details
Price: $1,898,000
Sq Ft: 1,195
($1,588 per
sqft)
Bedrooms: 4
Bathrooms: 4
Partial Baths: 1
City: Coral Gables
County: Miami-Dade
Type: Single Family
Development: Coral Groves
Acres: 0.2300
Virtual Tour/Floorplan:
View
Year Built: 2026
Listing Number: A11936581
Status Code: Active Under Contract
Taxes: $23,074.00
Tax Year: 2025
Garage:
2
Pets Allowed: Yes, Dogs OK
Interior Features:
Other
Amenities:
Golf Course
Pool
Tennis Court(s)
Courtesy Bus
Sidewalks
Street Lights
Financial Information:
Taxes: $23,074.00
Tax Year: 2025
Exterior Features:
Other
Equipment:
Other
View:
Other
School Information:
Elementary School: Coral Gables Preparatory Academy
High School: Coral Gables
Additional Information:
Building Description: Mediterranean
MLS Area: 2410
Total Square Footage: 1,211
Price per Square Feet: $1,588.28
Total Rooms: 1
Water: Public
Construction: Cbs
Date Listed: 2026-01-10 00:00:00
Pool: Y
Pool Description: In Ground
Windows: Other
Parking: Garage, Attached Garage, Attached
Garage Spaces: 2
Flooring: Other
Roof: Other
Heating: Other
Cooling: Other
55+ Community: Y
Pets: Yes, Dogs Ok
Restrictions: No Restrictions
Sewer: Public Sewer
Lot Desc.: Oversized Lot
Parcel ID: 0341080030870
Amenities: Golf Course, Pool, Tennis Court(S), Courtesy Bus, Sidewalks, Street Lights
Map of 446 Madeira Ave, Coral Gables, FL 33134
Listing Courtesy Of: Jfa Realty Co
jlopez@jfarealtors.com