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Waterfront · Single Family Residence
$3,300,000$1,565 / sqft
739 S Alhambra Cir, Coral Gables FL 33146
Listed
3
Bedrooms
2
Bathrooms
2,109 sqft
Interior
1949
Year built
None
HOA
Single Family Residence
Type
About this home
Owned by the same family for multiple generations, opportunities like this on the Mahi Canal rarely hit the market! Unbeatable South Coral Gables location, east of US-1. This classic ranch home sits on an expansive, dual-tier lot shaded by mature mango, níspero, almond and oak trees. Featuring 98’ of waterfront on a wide 75’ canal with a convenient turnaround basin, this site is a true boater’s dream. Navigate to Biscayne Bay with ease thanks to a generous 18’ vertical bridge clearance that accommodates large center consoles and sport fishers. Waterfront infrastructure includes a private 40'x14' boat slip (5' MLW depth) and a reinforced concrete pad engineered for a 10k–14k lb Ace Ele-vert lift. Inside, the home features three oversized bedrooms, a spacious living room centered around a charming Keystone fireplace and an open kitchen with generous storage space. Modern conveniences include impact windows throughout, a high-security reinforced steel front door with a 6-rod deadbolt and an oversized two-car garage housing a smart Rheem ProTerra Platinum water heater with EcoNet app control. Outside, enjoy tranquil sunsets over stunning westward canal views, along with room to expand or add a pool. Whether you choose to move in right away, execute a full remodel or build your custom dream estate, the potential of this property is unmatched. Best of all, you are just minutes away from multiple parks, elite schools, UM, prestigious country & yacht clubs and fine dining.
Features
- First Floor Entry
- Cooking Island
- French Doors
- Walk-In Closet(s)
- Family Room
- Florida Room
- Utility/Laundry In Garage
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 3-bed rentals in Coral Gables, from 28 active listings; the middle half ask $6,750–$11,000.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.