502 Madeira Avenue

Coral Gables, FL 33134

$1,849,000
Price
4
Beds
2
Baths
2,468 Sq. Ft.
$749 / Sq. Ft.
2,468
Sq. Ft.
$749
per Sq. Ft.

Description

Rare opportunity! Residential property with income-producing possibilities. In the heart of Coral Gables in the 500 block of Madeira. It sits on a beautiful tree-lined street with a short walk to Granada Golf Course, Miracle Mile, Alhambra Circle, restaurants, beauty salons, and the Venetian pool. Initially, it was a duplex, but somebody converted it to a single-family home and then returned to a duplex. The use is grandfathered, but this property would make a beautiful home. It has a great terrace...Rare opportunity! Residential property with income-producing possibilities. In the heart of Coral Gables in the 500 block of Madeira. It sits on a beautiful tree-lined street with a short walk to Granada Golf Course, Miracle Mile, Alhambra Circle, restaurants, beauty salons, and the Venetian pool. Initially, it was a duplex, but somebody converted it to a single-family home and then returned to a duplex. The use is grandfathered, but this property would make a beautiful home. It has a great terrace in the front and a big balcony on the second floor. Unlike most RI properties in the Gables, which are located in a more commercial zone and will need to remain as a duplex, here you can refurbish the interior of a brand-new single-family home. Sold As-is. Please See the supplemental remarks
  1. Listed by Manuel Arvesu • The Keyes Company

Property Details for 502 Madeira Avenue

Subdivision
CORAL GROVES
Style
R30-No Pool/No Water
Waterfront
No
View
None
Area
41
Auction
No
Sq Ft Total
2740
Sq Ft Liv Area
2468.0

Location

Listing Courtesy of The Keyes Company
Add your commute
LISTING UPDATED: 05/02/2024 01:52 PM

Property Details for 502 Madeira Avenue

StatusActive
MLS #A11576316
Days on Market11
Taxes$14,482 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeSingle Family / Single
Year Built1925
Lot Size0.15 AC / 6,750 SF
CountyMiami-Dade County

Location

Listing Courtesy of The Keyes Company
Add your commute

Building Information for 502 Madeira Avenue

Stories2Year Built1925Building Size-Lot Size0.15 AC / 6,750 SF

Payment Calculator

$11,298 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,091

Property Taxes

$1,207

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 502 Madeira Avenue

Location Information
Location Information
  • Parcel Number Free Text: 03-41-08-003-0860
  • Parcel Number MLX: 0860
  • MLS Area: 41
  • Municipal Code: 3
  • Township Range: 41
  • Section: 8
  • Subdivision Number: 3
  • Subdivision Complex Bldg: CORAL GROVES
  • Zoning Information: 0100
General Information
Parking
  • Num Garage Spaces: 0
  • Num Carport Spaces: 3
  • Carport Spaces: 3
  • Parking Description: Driveway
General Information
  • Front Exposure: North
  • Housing Older Persons Act: No HOPA
  • Property Sq Ft: 6750
  • Lot Description: Less Than 1/4 Acre Lot
  • Pool: No
  • Design: Detached
  • Design Description: Two Story
  • Construction: Concrete Block Construction, CBS Construction, Elevated Construction
  • Construction Type: Concrete Block Construction, CBS Construction, Elevated Construction
  • Roof Description: Barrel Roof, Flat Roof With Facade Front
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
  • Directions: It is centrally located. From US1, go north on Le June Rd until you reach Madeira and turn left. Alternatively, you can take expressway SR-836 and exit on Le June Road South to Madeira, then go west. The property will be on your left-hand side.
Room Information
Room Information
  • Rooms Description: Family Room
  • Bedroom Description: At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bath Tub, Primary Bedroom Upstairs
  • Master Bathroom Description: 2 Primary Bathrooms, Combination Tub & Shower
  • Master Bath Features: 2 Primary Bathrooms, Combination Tub & Shower
  • Dining Description: Dining/Living Room
Additional Property Information
Utilities
  • Heating Description: Central Heat, Electric Heat
  • Cooling Description: Central Cooling, Electric Cooling
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
  • Cable Available: Yes
Additional Property Information
  • Pets Allowed: Yes
  • Pets Allowed: Yes
  • Pet Restrictions: None
  • Guest Accommodations: No
  • Room Count: 0
  • Interior Features: First Floor Entry, Second Floor Entry, Closet Cabinetry, Fireplace, Fireplace-Decorative, French Doors
  • Equipment Appliances: Circuit Breaker, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Exterior Features: Open Balcony, Open Porch, Patio, Room For Pool
  • Subdivision Information: Community Pool, Community Tennis Courts, Golf Purchase Required
Financial Information
Financial Information
  • Type of Association: None
  • Flood Zone: X
  • Tax Year: 2023
  • Tax Information: Tax Reflects City & County Tax, Tax Reflects No Exemptions, Tax Reflects No Homestead Tax
  • Special Information: As Is

Property History for 502 Madeira Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 502 Madeira Avenue

Taxable ValueLand$680,945Additions$340,529Total$1,021,474
Tax Record2023$14,482 ($1,207 / month)
Home Facts
Total Finished SqFt2,468 SqFtAbove Grade Finished SqFt2,468 SqFtStories2Lot Size6,750 SqFtStyleDuplexYear Built1925Year Renovated1970Zoning0100:SINGLE FCountyMIAMI-DADEAPN03-4108-003-0860

Schools near 502 Madeira Avenue

This home is within Miami-Dade.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Coral Gables Preparatory Academy
PublicPK to 8

Ponce De Leon Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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502 Madeira Avenue is a single family home for sale in Coral Gables, FL 33134. This property was listed for sale on April 25, 2024 by The Keyes Company, it's currently listed at $1,849,000. This listing's school district is Miami-Dade. Nearby schools include Air Base K-8 Center for International Education, Coral Gables Preparatory Academy and Ponce De Leon Middle School. 502 Madeira Avenue is a 4-bed, 2-bath, 2,468 sqft single family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Keyes Company

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.