585 Arvida Pkwy, Coral Gables, FL 33156 — MLS photo

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585 Arvida Pkwy, Coral Gables, FL 33156

Active · SingleFamilyResidence

$27,500,000

585 Arvida Pkwy, Coral Gables, FL 33156

Beds
6
Baths
8
Living area
9,236 sq ft
$ / sq ft
$2,977/sq ft
Year built
1998
Lot size
45,000 sq ft
HOA fee
$8,500
Annual tax
—

About this property

Spectacular waterfront estate in the exclusive, guard-gated community of Gables Estates, offering 9,236 SF under air and 12,102 total, on beautifully landscaped grounds. With 6 bedrooms, 6 full baths, and 2 half baths, this residence blends timeless Dutch and Island-inspired architecture with refined luxury. Designed with distinct east and west wings, the home features double-height ceilings, an elegant Connemara marble staircase, marble and wood floors, and grand living and formal dining rooms. The chef’s kitchen is equipped with Gaggenau appliances, Sub-Zero refrigeration, custom cabinetry, and a spacious island with seating, opening to a bright breakfast area and family room. Additional highlights include a library with custom millwork, two fireplaces, elevator, and advanced home systems. The private main suite offers a serene retreat with terrace access, dual walk-in closets, and a luxurious marble bath featuring a long mirrored vanity, Jacuzzi, and multi-jet shower. Outdoors, enjoy 180 feet of waterfront with a 20,000 lb boat lift and direct, no-bridge access to Biscayne Bay. Covered terraces overlook the pool and manicured gardens, complemented by a 4-car garage and expansive driveway—an exceptional waterfront offering where elegance meets effortless coastal living.

Property location

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585 Arvida Pkwy, Coral Gables, FL 33156

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Facts & features

Interior

Bedrooms
6
Bathrooms
8
Living area
9,236 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1998
Lot size
45,000 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$8,500
County
Miami-Dade
MLS listing ID
A11994078
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

-$115,422

Cap rate
0.7%
Net yield
0.7%
Cash-on-cash return
-18.0%
Gross yield
4.0%
Mortgage payment
$130,364/mo
Down payment
$6,875,000
Loan amount
$20,625,000
Annual NOI
$179,300

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