300 Malaga AveCoral Gables, FL 33134

Property Details for 300 Malaga Ave

Year built

2027

Property size (Sq ft)

24,000 SF

Property type

Land

Property subtype

Multifamily properties

Description

This exceptional redevelopment opportunity in Coral Gables, Florida, presents a unique chance to capitalize on a prime 24,000 square foot lot. The property consists of three existing single-family homes on Malaga Avenue, currently 100% occupied, providing immediate rental income during the entitlement process. The site is zoned MF-2, allowing for the development of up to 10-11 tri-level row houses, maximizing the potential for a luxury development in a highly desirable South Florida location. The existing buildings offer a significant advantage, generating income while plans are finalized. The property's location within Coral Gables offers unparalleled access to amenities and a prestigious address. The potential for upzoning to MX-1, mirroring a large-scale development across the street, further enhances the investment potential. The assemblage includes three parcels with APNs: 0341170058240, 0341170058250, and 0341170058270, held under fee simple ownership. The property is situated at 300 Malaga Ave, Coral Gables, FL 33134, in Miami-Dade County. Built in 2027, the property offers a unique blend of immediate income and long-term development potential. This is a rare opportunity to create a high-end residential project in one of South Florida's most sought-after neighborhoods.

Location Insight

City

Coral Gables

County

Miami-Dade

State

Florida

Latitude

25.7439

Longitude

-80.2607

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