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Condominium
$509,900$645 / sqft
55 Merrick Way # 709, Coral Gables FL 33134
Listed
1
Bedrooms
2
Bathrooms
790 sqft
Interior
2008
Year built
$918 / mo
HOA
Condominium
Type
About this home
This beautiful move-in ready Mediterranean 1-Bed/1.5-Bath condo, with a garaged parking space #3060 with adjacent large storage unit #79, is the heart Coral Gables. This expansive one bedroom condo has an open kitchen/dining/living to a private balcony, overlooking the pool deck, which has a high ceiling with tall windows, to let the sunshine brighten up the condo! The kitchen with eat-in island, granite countertops, porcelain floors, custom-designed cabinetry, and stainless steel appliances make your enjoy the escape to be your own chef, and is great for entertaining. The spacious bedroom has a walk-in closet with built-in shelving unit, and adjoins its private bathroom with dual sinks, soaking tub and glass-enclosed shower. Opposite the bedroom walk-in closet is the in-unit washer/dryer. Knowing that the original owner is selling their second home condo will provide peace of mind as it has been vacant more than used, so it is in better condition than most. New HVAC (2022) and dishwasher (2023). 55 Merrick amenities include concierge, valet parking, 2025 renovated fitness center, and 2025 renovated lanai deck and heated pool, social lounges and billiards room. The lounge and adjoining pool area feature complimentary WIFI. Personal property and liability insurance pro-rata cost is $54.42 per month. 55 Merrick is situated 1 block from, Miracle Mile and a 15-minute drive to MIA Airport, Coconut Grove, Brickell, Downtown Miami, with easy access to the Port of Miami, Key Biscayne and South Beach.
Features
- Closet Cabinetry
- Fire Sprinklers
- Roman Tub
- Volume Ceilings
- Walk-In Closet(s)
- Open Balcony
- Pool Area View
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 1-bed rentals in Coral Gables, from 33 active listings; the middle half ask $2,250–$3,100.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.