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Single Family Residence
$3,200,000$1,206 / sqft
629 Altara Ave, Coral Gables FL 33146
Listed
4
Bedrooms
3
Bathrooms
2,653 sqft
Interior
1928
Year built
None
HOA
Single Family Residence
Type
About this home
A rare opportunity to own one of just 17 historic landmark residences in Coral Gables’ prestigious Italian Village. Inspired by traditional Italian farmhouses and designed by acclaimed architect Robert Weed Law, this gated Mediterranean Revival estate embodies the architectural vision of city founder George Merrick and the timeless elegance of “The City Beautiful.” Rich in history and distinction, the property was once owned by former Florida Governor Jeb Bush, connecting this remarkable residence to American presidential history. Beyond its charming Chicago brick courtyard, a sun-drenched entry welcomes you into beautifully updated interiors that seamlessly blend historic character with modern comfort. Bright, open living spaces offer effortless flow for everyday living and entertaining, extending into a secluded rear courtyard ideal for outdoor gatherings. A detached 550-square-foot, one-bedroom, one-bath guest cottage provides exceptional versatility for extended family, visitors, a home office, or creative studio. A separate garage and significant recent upgrades further enhance the property's appeal and ease of ownership. Nestled within one of Coral Gables’ most coveted historic neighborhoods, this architectural treasure offers more than luxury living. It is a rare opportunity to become part of the enduring legacy of Coral Gables.
Features
- First Floor Entry
- Cottage
- Separate Guest/In-Law Quarters
- Maid/In-Law Quarters
- Recreation Room
- Garden
Location
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 4-bed rentals in Coral Gables, from 15 active listings; the middle half ask $6,900–$15,900.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.