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Waterfront · Single Family Residence
$27,500,000$2,977 / sqft
585 Arvida Pkwy, Coral Gables FL 33156
Listed
6
Bedrooms
8
Bathrooms
9,236 sqft
Interior
1998
Year built
$708 / mo
HOA
Single Family Residence
Type
About this home
Spectacular waterfront estate in the exclusive, guard-gated community of Gables Estates, offering 9,236 SF under air and 12,102 total, on beautifully landscaped grounds. With 6 bedrooms, 6 full baths, and 2 half baths, this residence blends timeless Dutch and Island-inspired architecture with refined luxury. Designed with distinct east and west wings, the home features double-height ceilings, an elegant Connemara marble staircase, marble and wood floors, and grand living and formal dining rooms. The chef’s kitchen is equipped with Gaggenau appliances, Sub-Zero refrigeration, custom cabinetry, and a spacious island with seating, opening to a bright breakfast area and family room. Additional highlights include a library with custom millwork, two fireplaces, elevator, and advanced home systems. The private main suite offers a serene retreat with terrace access, dual walk-in closets, and a luxurious marble bath featuring a long mirrored vanity, Jacuzzi, and multi-jet shower. Outdoors, enjoy 180 feet of waterfront with a 20,000 lb boat lift and direct, no-bridge access to Biscayne Bay. Covered terraces overlook the pool and manicured gardens, complemented by a 4-car garage and expansive driveway—an exceptional waterfront offering where elegance meets effortless coastal living.
Features
- First Floor Entry
- Built-in Features
- Custom Mirrors
- Entrance Foyer
- French Doors
- 3 Bedroom Split
- Volume Ceilings
- Walk-In Closet(s)
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 6-bed rentals across Miami-Dade, from 55 active listings; the middle half ask $16,000–$48,000.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.