Introducing the rare opportunity to acquire over 1.6 acres of covered land ripe for re-development in the ultra-prime Coral Gables sub-market of Miami. Boasting a highly efficient layout with T6-8-O zoning on the majority of the assemblage, the site allows for 167 units by-right and is ideal for a mid-rise project of varying uses (i.e. mixed-use, multi-family, condo, office, hotel, and more). On top of all of that, the sale includes a nearly 18,000 Sq. Ft. banquet hall and catering kitchen Renaissance at the Gables, and a 2,300 Sq. Ft. duplex that are well-maintained and operational. This allows a developer the flexibility to either develop immediately or play the long game as a covered-land opportunity.
Coral Gables Senior High School, Public Magnet Grades 9-12
Ponce De Leon Middle School, Public Magnet Grades 6-8
Other
Directions Information:
Directions: Conveniently located, the property sits just two blocks to the south of highly trafficked Coral Way (SW 22nd Street) three blocks east of Douglas Road, and about ½ mile from the main Miracle Mile retail corridor of Coral Gables.
Price Information
Listing Price Info
Price Summary:
List Price: $15,920,000
Tax Information:
Annual Amount: $77,900
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Miami, FL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$79.5K
Per Month
Principal & Interest
$79.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$47.7K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
5
/10
Ponce De Leon Middle School
5801 Augusto St
Distance between this listing and this school2.73 miles
Public Magnet Grades 6-8
High School
5
/10
Coral Gables Senior High School
450 Bird Rd
Distance between this listing and this school1.43 miles
Public Magnet Grades 9-12
Nearby Schools
3
/10
Silver Bluff Elementary School
2609 SW 25th Ave
Distance between this listing and this school0.78 miles
Public District Grades PK-5
10
/10
Coconut Grove Elementary School
3351 Matilda St
Distance between this listing and this school1.31 miles
Public District Grades PK-5
5
/10
Auburndale Elementary School
3255 SW 6th St
Distance between this listing and this school1.33 miles
Public District Grades PK-5
Assigned Schools
5
/10
Ponce De Leon Middle School
5801 Augusto St
Distance between this listing and this school2.73 miles
Public Magnet Grades 6-8
Nearby Schools
7
/10
Mater Grove Academy
2805 SW 32nd Ave
Distance between this listing and this school0.66 miles
Public Charter Grades KG-7
8
/10
Mater Brickell Preparatory Academy
2805 SW 32nd Ave
Distance between this listing and this school0.66 miles
Public Charter Grades KG-7
Assigned Schools
5
/10
Coral Gables Senior High School
450 Bird Rd
Distance between this listing and this school1.43 miles
Public Magnet Grades 9-12
Nearby Schools
9
/10
International Studies Charter High School
2480 SW 8th St
Distance between this listing and this school1.34 miles
Public Charter Grades 9-12
3
/10
Academy of Arts & Minds
3138 Commodore Plz
Distance between this listing and this school1.44 miles
The neighbors living near this home have an average income of $46,071. Most Miami, FL residents have annual incomes between $35k-100k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2340 SW 32nd Ave
What is the listing price of this property?
The listing price of 2340 SW 32nd Ave property is $15,920,000.
What type of property is this?
The property 2340 SW 32nd Ave is land located in Miami, Florida, 33145.
Is this property for sale now?
Active Listing: 2340 SW 32nd Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 2340 SW 32nd Ave are: Ponce De Leon Middle School: GreatSchools Rating 5/10Coral Gables Senior High School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $77,900 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2340 SW 32nd Ave in Miami, FL and zip code 33145 in the Douglas Park neighborhood. This home sits on a 1.60 acre lot. It has been listed on Rocket Homes since January 26, 2024 and is currently priced at $15,920,000.
While more than 115 listings in Miami, FL in March 2024 were sold above asking price, there were more than 149 listings sold at asking price, and more than 619 were sold below. The number of homes for sale in Miami, FL increased by 9.1% between February 2024 and March 2024. In March 2024 median list price was $540,091 and the average listing age was 59 days.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Major League Soccer (MLS)
Major League Soccer (MLS)
Pro Boxing
Tennis
Banana Republic
IKEA
Crate & Barrel
Jack In The Box
Quiznos
Starbucks
Toyota
Lexus
BMW
Jazz
Soft Adult Contemporary
News