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Waterfront · Condominium
$529,000$460 / sqft
100 Edgewater Dr # 138, Coral Gables FL 33133
Listed
2
Bedrooms
2
Bathrooms
1,150 sqft
Interior
1970
Year built
$1,163 / mo
HOA
Condominium
Type
About this home
Exceptional value in South Coral Gables! Beautifully updated 2-bedroom, 2-bath ground-floor residence in the well-maintained waterfront community of Waters Edge. This move-in-ready home offers an open floor plan with luxury vinyl plank (LVP) and marble flooring, quartz and marble countertops, impact glass windows with modern window treatments, newer appliances, A/C and water heater, a wine refrigerator, and a separate storage space. Enjoy the ease of first-floor living in a secure, professionally maintained community featuring a waterfront pool overlooking the canal, community docks with ocean access, sauna, clubhouse, security cameras, evening patrol, and beautifully landscaped grounds. Laundry room is conveniently located steps away from the unit. Perfectly situated where Coral Gables meets Biscayne Bay, just minutes from Coconut Grove, Downtown Coral Gables, Merrick Park, the University of Miami, Metrorail, parks, shopping, and dining. Offering the rare combination of an updated interior, exceptional location, and outstanding value, this home is ideal as a primary residence, seasonal getaway, or investment property.
Features
- Lobby
- First Floor Entry
- Closet Cabinetry
- Walk-In Closet(s)
- East Of Us1
- Courtyard
- Open Balcony
- Garden View
- None
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 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.