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Waterfront · Condominium
$2,795,000$1,373 / sqft
1265 S Alhambra Cir # A, Coral Gables FL 33146
Listed
2
Bedrooms
3
Bathrooms
2,036 sqft
Interior
1967
Year built
None
HOA
Condominium
Type
About this home
First time ever offered. A rare waterfront opportunity in Coral Gables now presented as 2 separate condominium residences. Unit A, downstairs residence, offers bright interiors & direct access to the property’s 80 FT boat dock (40 FT assigned to this unit) along a beautiful Gables waterway. Walls of windows & a sunroom frame tranquil water views while opening to a gorgeous private patio ideal for outdoor dining & entertaining. The well-designed 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. This substantially updated residence features 2 large bedroom suites w/2 private baths plus a powder room, porcelain tile floors throughout, plantation shutters & abundant closet space. Additional features: 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 impeccably maintained property owned by only one family. New roof March 2025. Unit A is offered at $2,795,000 & includes 40 FT of dockage. Unit B (MLS #A11973154) is also available for $2,595,000. Both units are sold together (Total Purchase Price: $5,390,000) creating a rare waterfront compound w/ 80 FT of total dockage.
Features
- First Floor Entry
- Entrance Foyer
- Florida Room
- Storage
- Utility Room/Laundry
- East Of Us1
- Canal
Leasing
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 33 active listings; the middle half ask $2,675–$4,700.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.