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Condominium
$865,000$966 / sqft
301 Altara Ave # 609, Coral Gables FL 33146
Listed
2
Bedrooms
2
Bathrooms
895 sqft
Interior
2019
Year built
$1,091 / mo
HOA
Condominium
Type
About this home
Immaculately maintained 2 bed 2 bath condo at the centrally located Merrick Manor condo. Enjoy living in a modern and spacious unit within the trendy Shops of Merrick Park area of Coral Gables! The unit features high-quality finishes, such as Italkraft cabinets and closets, quartz countertops, Bosh appliances, Nest thermostat, a keyless lock, porcelain tile throughout. Enjoy resort-style amenities and services, such as a pool, BBQ area, state-of-the-art fitness center, 24HR concierge and security, EV charging stations, business center, pet wash area and more. This unit comes with 1 assigned covered parking space. Easy to show and move-in ready.
Features
- Built-in Features
- Closet Cabinetry
- Walk-In Closet(s)
- Open Balcony
- Other View
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 2
- No Daily Rentals
- 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.