10 days on rocket

502 Madeira Ave, Coral Gables, FL, 33134

$1,849,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths
2,468 SqFt
$749/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

502 Madeira Ave, Coral Gables$1,849,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1925
HeatingCentral, Electric
CoolingCentral Air, Electric
FireplaceDecorative
ViewNone
MLS #A11576316
StatusActive

About 502 Madeira Ave

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

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, Two Story
  • Year Built: 1925
  • Stories: 2
  • Living Area: 2,468 SqFt

Listing Office:

  • Office Name: The Keyes Company
  • Office Phone: (305) 443-7423
  • Listing Agent: Manuel Arvesu

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Bedroom on Main Level, Closet Cabinetry, Second Floor Entry, French Door(s)/Atrium Door(s), First Floor Entry, Fireplace, Living/Dining Room, Upper Level Primary
  • Fireplace: Decorative

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: None
  • Exterior: Balcony, Porch, Patio, Room For Pool

Parking Information:

  • Parking: Driveway

Virtual/3D Tour

  • Virtual Tour: 502 Madeira Ave

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Coral Gables Senior High School, Public Magnet Grades 9-12
  • Ponce De Leon Middle School, Public Magnet Grades 6-8
  • George Washington Carver Elementary School, Public District Grades PK-5

Other

Directions Information:

  • 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.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,849,000
  • Price Per SqFt: $749/SqFt

Tax Information:

  • Annual Amount: $12,469
  • Tax Year: 2020
House and calculator

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 Coral Gables, FL.

Map thumbnail provided by MapBox

Coral Gables, FL

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$663

Avg. Days On Market

54

# of Sold Homes

45

502 Madeira Ave vs Coral Gables

10 DAYS ON ROCKET

-44 Days

$1,849,000

+$833.5K More

$749/SqFt

+$85 More

KEY TAKEAWAY

This property is $833.5K more than the Median Sold Price and $85/SqFt more than other homes in Coral Gables, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11576316

Listing Office:

  • Office Name: The Keyes Company
  • Office Phone: (305) 443-7423
  • Listing Agent: Manuel Arvesu

IDX © 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2024, 7:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$12,469$668,968
2018$11,304$587,787
2017$10,741$620,430

History based on county public records data.

Payment Calculator

$9,296

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,610

Powered By

Rocket Mortgage

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.

Elementary School

school-card-donut-7080083
9
/10

  • George Washington Carver Elementary School

  • 238 Grand Ave

  • 2.03 miles

  • Public District Grades PK-5

Middle School

school-card-donut-7080084
5
/10

  • Ponce De Leon Middle School

  • 5801 Augusto St

  • 2.75 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-7080085
5
/10

  • Coral Gables Senior High School

  • 450 Bird Rd

  • 1.49 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,405. The most common annual income of people living in Coral Gables, FL is between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 502 Madeira Ave

What is the listing price of this property?

The listing price of 502 Madeira Ave property is $1,849,000.

What type of property is this?

The property 502 Madeira Ave is a house located in Coral Gables, Florida, 33134.

Is this property for sale now?

Active Listing: 502 Madeira 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 502 Madeira Ave are:
George Washington Carver Elementary School: GreatSchools Rating 9/10
Ponce De Leon Middle School: GreatSchools Rating 5/10
Coral 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 $12,469 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 502 Madeira Ave has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 502 Madeira Ave is 2,468 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 502 Madeira Ave is 1925.

Rocket Homes›Florida›Miami-Dade County›Coral Gables›33134›502 Madeira Ave

This home is located at 502 Madeira Ave in Coral Gables, FL and zip code 33134 in the Granada neighborhood. This 2,468 square foot home was built in 1925. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $1,849,000.

Over 8 listings were sold over their listed price in April 2024 in Coral Gables, FL. In the same period over 33 listings were sold below the listed price and 4 listings were sold for the listed price. In April 2024 in Coral Gables, FL there were 3.8% more homes for sale than in March 2024. In April 2024 median list price was $1,015,500 and the average listing age was 54 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources