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Condominium
$749,000$595 / sqft
55 Merrick Way # 707, Coral Gables FL 33134
Listed
2
Bedrooms
2
Bathrooms
1,258 sqft
Interior
2008
Year built
$1,463 / mo
HOA
Condominium
Type
About this home
* CONDO ASSOCIATION DOCUMENTS, RULES, FINANCIALS & BUDGET AVAILABLE * 2 bed/2 bath unit + den converted into a third bedroom with 1,258 liv. sq ft per county property appraiser, 179 sq ft balcony per developer, and a south-facing view to the interior courtyard/pool area. Kitchen with stainless steel appliances; washer, dryer, dishwasher, and microwave; tile & carpet floors; walk-in closet; impact glass. Two (2) assigned covered parking spaces (#4061 & #4062). Maintenance fee of $1,462.51 per month. 2026 R.E. taxes of $10,765.65 per year. Strong condo association financials with reserve income exceeding 10% of the aggregate monthly unit assessments. Allowed Pets: dogs, cats, fish, and caged domestic birds. Application Fee: $100 for individuals and $150 per married couple with 1-2 week processing time. Leases are for a minimum of six (6) months and no more than one (1) lease per calendar year. Tenant occupied until Feb. 28, 2027 at $3,750.00 per month. Residents of 55 Merrick have access to a wealth of amenities, including a social room, fitness center, swimming pool, spa, billiard room, and 24-hour valet + security. Located in the heart of Coral Gables, just steps away from Miracle Mile, world-class dining, shopping, and entertainment.
Features
- Lobby
- No Interior Features
- Den/Library/Office
- Courtyard
- Open Balcony
- Pool Area View
Leasing
- Minimum lease
- 183 days
- Leases permitted per year
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.