888 S Douglas Rd 1213, Coral Gables, FL 33134 — MLS photo

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888 S Douglas Rd 1213, Coral Gables, FL 33134

Active · Condominium

$319,000

888 S Douglas Rd 1213, Coral Gables, FL 33134

Beds
1
Baths
1
Living area
728 sq ft
$ / sq ft
$438/sq ft
Year built
2007
Lot size
—
HOA fee
$950 Monthly
Annual tax
$5,348

About this property

Value meets opportunity in Coral Gables! This charming Coral Gables condo is ideal for both homeowners and investors. The residence is currently tenant-occupied on a month-to-month basis, with the tenant requiring 30–60 days’ notice to vacate. Inside, enjoy a sleek kitchen featuring granite countertops, stainless steel appliances, and in-unit laundry. A private balcony showcases beautiful city views, while complete impact glass offers storm protection. Puerta de Palmas offers resort-style amenities including a pool, sauna, spa/hot tub, fitness center, clubhouse, billiard room, putting green, BBQ/picnic area, valet parking, concierge lobby, and more. Perfectly located just steps from Miracle Mile, dining, shopping, and entertainment, this residence delivers the perfect blend of lifestyle, location, and value. The seller has paid off the special assessments, and the building is currently in the process of completing its milestone inspection upgrades. Property can be financed with as little at 10% down with a non-QM loan. Speak with Danny Martiney with GRA Mortgage for details! Tenant lease information: currently month-to-month, at $2,600 per month with a $5,200 security deposit. No pets, only one occupant on the lease.

Property location

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888 S Douglas Rd 1213, Coral Gables, FL 33134

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
728 sq ft
Flooring
Carpet, Ceramic Tile, Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, Entrance Foyer, Jetted Tub, Living Dining Room, Tub Shower, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
2007
Stories
16
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors
Pool
Association
View
Garden, Other

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, One Space, Valet

HOA, Community & Financials

Association fee
$950 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Insurance, Maintenance Grounds, Maintenance Structure, Parking, Pools, Recreation Facilities, Reserve Fund, Roof, Sewer, Security, Trash, Water
Amenities
Billiard Room, Clubhouse, Fitness Center, Barbecue, Picnic Area, Pool, Putting Greens, Sauna, Spa Hot Tub, Trash, Elevators
Security
Door Man, Elevator Secured, Secured Garage Parking, Intercom, Key Card Entry, Lobby Secured, Security Guard, Fire Sprinkler System
Pets allowed
Size Limit, Yes
Annual tax
$5,348
Subdivision
PUERTA DE PALMAS CONDO
County
Miami-Dade
Days on market
391
MLS listing ID
A11871917
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,125

Cap rate
1.5%
Net yield
1.5%
Cash-on-cash return
-15.1%
Gross yield
8.2%
Mortgage payment
$1,512/mo
Down payment
$79,750
Loan amount
$239,250
Annual NOI
$4,649

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.