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Active Under ContractMLS listing sourceMIAMI REALTORS® MLS
Active Under ContractMLS® A11936581
$1,898,000

446 Madeira Avenue, Coral Gables, FL 33134

Beds
4
Baths
5
Sqft
1,195
Est. payment$12,720/mo
Home type
Single Family Residence
Year built
2026
Lot size
10,019 sqft
Price / sqft
$1,588
HOA
$0/mo
Community
CORAL GROVES

Property description

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.

Listing activity

Days on market
217
Listed
Jan 10, 2026
MLS listing updated
Oct 31, 2026
Feed last checked
7 minutes ago

Listed by Jose F Lopez · JFA Realty Co

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
4
Bathrooms
5
Bathrooms (decimal)
4.5
Full bathrooms
4
Half bathrooms
1

Rooms & features

Rooms
1
Interior features
Other
Flooring
Other
Appliances
Other
Window features
Other
Other equipment
Other

Heating & cooling

Heating
Other
Cooling
Other
Property

Parking

Garage spaces
2
Garage
Yes
Covered spaces
2
Parking features
Attached, Attached Garage, Garage
Attached garage
Yes

Exterior

Building area
1,211 sqft
Exterior features
Other
Pool
Yes
Pool features
In Ground
View
Other
Waterfront property
No

Lot

Lot size
10,019 sqft
Lot size (acres)
0.23 acres
Lot features
Oversized Lot
Zoning
0100
Construction

Type & style

Home type
Single Family Residence
Architectural style
Mediterranean
Year built
2026
New construction
No

Materials

Construction
CBS
Roof
Other
Property condition
Under Construction
Faces
South
Utilities & green energy

Utilities

Sewer
Public Sewer
Water
Public
Utilities
Cable Available
Community & HOA

Community

Subdivision
CORAL GROVES
MLS area
2410
Pets allowed
Dogs OK, Yes
55+ community
Yes

Association

Has association
No
Estimated monthly dues
$0
Amenities
Pool, Courtesy Bus, Golf Course, Sidewalks, Street Lights, Tennis Court(s)
Lease details

Not reported by the listing source.

Location

Area details

City
Coral Gables
County
Miami-Dade
ZIP code
33134
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A11936581
Possession
Close Of Escrow, Negotiable
Original list price
$2,300,000
Parcel number
0341080030870
Annual property tax
$23,074
Tax year
2025
Tax legal description
CORAL GROVES PB 15-72 LOT 1 & E1/2 OF THAT PORT OF HERNANDO ST LYG W & ADJ THERETO CLOSED PER ORD 2371 BLK-6 LOT SIZE 75.00 X 134 COC 23305-
Additional MLS details

Reported by the listing source

Association Amenities
Pool, Courtesy Bus, Golf Course, Sidewalks, Street Lights, Tennis Court(s)
Association
No
Bathrooms Total Decimal
4.5
Bathrooms Total Integer
5
Building Area Total
1211
Construction Materials
CBS
County Or Parish
Miami-Dade
Days On Market
217
Direction Faces
South
Elementary School
Coral Gables Preparatory Academy
High School
Coral Gables
List Price
1898000
Listing Contract Date
2026-01-10
Living Area
1195
Lot Size Acres
0.23
Lot Size Area
10050
MLSArea Major
2410
Mls Status
Active Under Contract
On Market Date
2026-01-10
Photos Count
31
Postal Code
33134
Price Change Timestamp
2026-07-10T21:52:18Z
Property Sub Type
Single Family Residence
Property Type
Residential
Rooms Total
1
Senior Community
Yes
Standard Status
Active Under Contract
State Or Province
FL
Status Change Timestamp
2026-08-17T18:31:00Z
Subdivision Name
CORAL GROVES
Water Source
Public
Tax Annual Amount
23074
Bathrooms Full
4
Pool Private
Yes
Bedrooms Total
4
Waterfront
No
Bathrooms Half
1
General Property Information: Senior Community
Yes

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Jan 10, 2026ListedMIAMI REALTORS® MLS$2,300,000$1,925/sqft
Jul 10, 2026Price reducedMIAMI REALTORS® MLS$1,898,000$1,588/sqft

Public tax history

YearProperty taxesAssessment
2025$23,074—

Payment calculator

Estimated monthly payment$12,720/moIllustrative estimate, not a loan offer.
Principal & interest
$9,848
Property taxes
$1,923
Insurance
$949
Association dues
$0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

CORAL GROVES

Coral Gables · Miami-Dade County · 33134

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Coral Gables Preparatory AcademyElementary
—
Coral GablesHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of JFA Realty Co. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.