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Condominium
$1,350,000
4220 Laguna Street #703 # 703, Coral Gables FL 33146
Listed
2
Bedrooms
2
Bathrooms
— sqft
Interior
2025
Year built
$1,620 / mo
HOA
Condominium
Type
About this home
Brand-new 2-bedroom, 2-bath residence in the heart of Coral Gables with the rare advantage of short-term rental flexibility. Unit 703 offers 898 Sq.Ft. of thoughtfully designed living space, modern finishes, and a functional layout in a boutique new construction building just steps from Merrick Park, premier shopping, and dining. Properties in Coral Gables that allow short-term rentals are extremely limited, making this a unique opportunity for both end users and investors. Competitively positioned for a quick sale.
Features
- Lobby
- First Floor Entry
- Closet Cabinetry
- Cooking Island
- Fire Sprinklers
- Other
- Barbeque
- Open Balcony
- Other View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Ok To Lease
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 35 active listings; the middle half ask $3,000–$4,500.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.