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Condominium
$515,000$475 / sqft
888 S Douglas Rd # 1516, Coral Gables FL 33134
Listed
2
Bedrooms
2
Bathrooms
1,084 sqft
Interior
2007
Year built
$1,249 / mo
HOA
Condominium
Type
About this home
Discover luxury living, the Coral Gables lifestyle & breathtaking sunsets from Residence 1516 in Puerta De Palmas. This light & bright residence features a semi-private entrance, desirable split floor plan, spacious bedrooms, tons of natural light & built-in walk-in closets. Meticulously maintained & substantially upgraded with a new 2026 A/C, new flooring, LED lighting, contemporary barn doors, elegant blinds from THE SHADE STORE that are motorized, RHEEM tankless heater, LG washer/dryer & BOSCH dishwasher. Residents enjoy first-class amenities including a state-of-the-art gym, two-story lobby, pool/spa, valet parking & business center. The building has reserves & should be able to finance w/ as little as 5% down w/good credit. Great location in historic Douglas Entrance minutes from Downtown Coral Gables, Airport, Brickell & Coconut Grove.
Features
- Interior Hall
- Lobby
- Built-in Features
- Closet Cabinetry
- Split Bedroom
- Walk-In Closet(s)
- Open Balcony
- Pool Area View
- Skyline
Leasing
- Minimum lease
- 180 days
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.