1265 S Alhambra Cir B, Coral Gables, FL 33146 — MLS photo

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1265 S Alhambra Cir B, Coral Gables, FL 33146

Active · Condominium

$2,595,000

1265 S Alhambra Cir B, Coral Gables, FL 33146

Beds
2
Baths
3
Living area
2,036 sq ft
$ / sq ft
$1,275/sq ft
Year built
1967
Lot size
—
HOA fee
—
Annual tax
$11,315

About this property

First time ever offered. A unique waterfront offering in Coral Gables now presented as 2 separate condominium residences. Unit B, upstairs residence, enjoys elevated perspectives of the waterway & natural light from walls of windows capturing serene views throughout the home. A bright sunroom provides the perfect place to relax while overlooking the water. This residence includes 40 FT of dockage (half of the property’s 80 FT boat dock) accessed via a private side stairwell shared by both units. The spacious floor plan includes an ample living room, separate dining room, & large eat-in kitchen w/granite counters, stainless appliances & counter seating that opens to the family room creating inviting living & entertaining spaces. Neutral finishes & updates provide a move-in ready environment. The residence features 2 large bedroom suites w/2 private baths plus a powder room, porcelain tile floors throughout, plantation shutters & generous closet space. Additional highlights: an indoor laundry room w/full-size washer/dryer & space for an additional refrigerator/freezer, an exterior walk-in storage closet, & three exterior parking spaces. A charming walled courtyard entry welcomes you to this meticulously maintained property owned by one family. New roof March 2025. Unit B is offered at $2,595,000 & includes 40 FT of dockage. Unit A (MLS #A11973153) is also available for $2,795,000. Both units are sold together (Total Purchase Price: $5,390,000) creating an exceptional waterfront compound w/ 80 FT of dockage.

Property location

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1265 S Alhambra Cir B, Coral Gables, FL 33146

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Facts & features

Interior

Bedrooms
2
Bathrooms
3
Living area
2,036 sq ft
Flooring
Porcelain Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Dual Sinks, Second Floor Entry, Entrance Foyer, Eat In Kitchen, Split Bedrooms

Exterior & Structure

Property type
Condominium
Year built
1967
Stories
2
Architectural style
Garden Apartment
Construction
CBSConcrete Block Structure, Block
Exterior features
None
Waterfront
Canal Front
View
Canal, Water

Parking

Garage spaces
0
Covered spaces
3
Parking features
Two Or More Spaces

HOA, Community & Financials

Association fee
$0 Monthly
Amenities
Boat Dock
Pets allowed
No, Yes
Annual tax
$11,315
Subdivision
SOUTH BRICK CONDO
County
Miami-Dade
Days on market
230
MLS listing ID
A11973154
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

-$5,037

Cap rate
3.4%
Net yield
3.4%
Cash-on-cash return
-8.3%
Gross yield
5.0%
Mortgage payment
$12,302/mo
Down payment
$648,750
Loan amount
$1,946,250
Annual NOI
$87,171

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