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502 Madeira Ave, Coral Gables, FL 33134
$1,849,000
502 Madeira Ave, Coral Gables, FL 33134View this property at 502 Madeira Ave, Coral Gables, FL 33134
502 Madeira AveCoral GablesFL33134
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Property 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 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
Full Property Details
Full Property Details for 502 Madeira Ave
General
- Price: $1,849,000
- Taxes: $14,482 (2023)
- Status: Active
- Type: Single Family
- MLS ID: A11576316
- Updated: 4/26/2024
- Added to Site: 26 day(s) ago
Interior
- Interior Features: First Floor Entry, Second Floor Entry, Closet Cabinetry, French Doors, Family Room
- Fireplace: Yes
- Fireplace(s): Fireplace, Decorative
- Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Primary Bathroom: 2 Primary Bathrooms, Combination Tub & Shower
Bedrooms
- Total Bedrooms: 4
- Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bath Tub, Primary Bedroom Upstairs
Other Rooms
- Living Room: Family Room Sq. Ft.
- Dining Room: Dining/Living Room
Additional Information
- Shared Pool: Yes
Exterior
- Exterior Features: Open Balcony, Room for Pool
- Deck/Patio: Open Balcony, Open Porch, Patio
Parking
- Carport Spaces: 3
- Covered Spaces: 3
- Parking Features: Driveway
Location
- Area: Coral Groves
- County: Miami-Dade County
- Subdivision: CORAL GROVES
- Building Name: CORAL GROVES
- Driving 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.
- Direction Faces: North
Community
- Community Name: Coral Groves
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Detached, Two Story
- Structure Type: R30-No Pool/No Water, House
- Detached/Attached: Detached
- Construction: CBS Construction, Elevated Construction
- Roof: Barrel Roof, Flat Roof With Facade Front
- Doors: French Doors
- Building Size: 2740
- Square Feet: 2,468
- Living Area: 2,468 Sq. Ft.
- Year Built: 1925
Lot Features
- Property View: None
- Lot Size (Sq. Ft.): 6,750
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: 100
Financial Considerations
- Price Per Sq. Ft.: $749.19
- Tax Amount: $14,482
- Tax Year: 2023
- Terms: All Cash, Conventional, Cryptocurrency
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Legal Description: 8 54 41 CORAL GROVES PB 15-72 LOT 11 BLK 5 LOT SIZE 50.000 X 135 OR 15257-1209 1091 4
- Restrictions: No Restrictions
- Property ID: 03-41-08-003-0860
Listed by The Keyes Company
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Schools
Schools serving 502 Madeira Ave
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
105 Minorca Ave, Coral Gables, FL 33134 | PK-8 | 0.5 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 18.5 mi | |
5801 Augusto St, Coral Gables, FL 33146 | 6-8 | 2.8 mi | |
450 Bird Rd, Coral Gables, FL 33146 | 9-12 | 1.5 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 13.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 502 Madeira Ave
Date
Details
Price
Change
Source
4/25/2024
Listed
$1,849,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 502 Madeira Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$14,482
22%
$1,021,474
53%
2021
$11,899
9%
$666,913
-22%
2022
$10,885
-9%
$856,397
28%
2021
$11,899
1%
$668,968
9%
2019
$11,798
4%
$616,320
5%
2018
$11,305
5%
$587,787
-5%
2017
$10,741
7%
$620,430
28%
2016
$10,068
15%
$485,775
10%
2015
$8,733
-9%
$441,614
-7%
2014
$9,589
9%
$475,236
9%
2013
$8,821
—
$437,324
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 502 Madeira Ave
502 Madeira Ave, Coral Gables, FL 33134 (MLS# A11576316) is a Single Family property with 4 bedrooms and 2 full bathrooms. 502 Madeira Ave is currently listed for $1,849,000 and was received on April 25, 2024. Want to learn more about 502 Madeira Ave? Do you have questions about finding other Single Family real estate for sale in Coral Gables? You can browse all Coral Gables real estate or contact a Coldwell Banker agent to request more information.