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Condominium
$599,000$501 / sqft
322 Madeira Ave # 405, Coral Gables FL 33134
Listed
2
Bedrooms
2
Bathrooms
1,195 sqft
Interior
2004
Year built
$875 / mo
HOA
Condominium
Type
About this home
Beautifully updated 2-bedroom, 2-bath residence in the heart of Coral Gables. This well-designed unit features a desirable split floor plan with spacious living and dining areas, perfect for both everyday living and entertaining. The property offers the rare combination of a private balcony and an additional terrace, providing multiple outdoor spaces to enjoy. The kitchen and bathrooms have been tastefully updated, offering a clean and modern feel. The primary suite includes a walk-in closet and en-suite bath, while the second bedroom is well-sized with convenient access to a full bathroom. Located in a boutique building just minutes from Miracle Mile, Coral Gables Country Club, dining, shopping, and top local amenities. A great opportunity to own a move-in-ready residence in one of Miami’s most desirable neighborhoods. Property has 2 covered assigned parking spaces and 1 storage unit. Per Tenant, next available date for Showings: Friday, June 19
Features
- First Floor Entry
- Other
- Open Balcony
- Other View
- None
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Coral Gables, from 35 active listings; the middle half ask $3,000–$4,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.