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Waterfront · Condominium
$2,595,000$1,275 / sqft
1265 S Alhambra Cir # B, Coral Gables FL 33146
Listed
2
Bedrooms
3
Bathrooms
2,036 sqft
Interior
1967
Year built
None
HOA
Condominium
Type
About this home
First time ever offered. A unique waterfront offering in Coral Gables now presented as 2 separate condominium residences. Unit B, upstairs residence, enjoys elevated perspectives of the waterway & natural light from walls of windows capturing serene views throughout the home. A bright sunroom provides the perfect place to relax while overlooking the water. This residence includes 40 FT of dockage (half of the property’s 80 FT boat dock) accessed via a private side stairwell shared by both units. The spacious floor plan includes an ample living room, separate dining room, & large eat-in kitchen w/granite counters, stainless appliances & counter seating that opens to the family room creating inviting living & entertaining spaces. Neutral finishes & updates provide a move-in ready environment. The residence features 2 large bedroom suites w/2 private baths plus a powder room, porcelain tile floors throughout, plantation shutters & generous closet space. Additional highlights: an indoor laundry room w/full-size washer/dryer & space for an additional refrigerator/freezer, an exterior walk-in storage closet, & three exterior parking spaces. A charming walled courtyard entry welcomes you to this meticulously maintained property owned by one family. New roof March 2025. Unit B is offered at $2,595,000 & includes 40 FT of dockage. Unit A (MLS #A11973153) is also available for $2,795,000. Both units are sold together (Total Purchase Price: $5,390,000) creating an exceptional waterfront compound w/ 80 FT of dockage.
Features
- Second Floor Entry
- Entrance Foyer
- Split Bedroom
- Great Room
- East Of Us1
- None
- Canal
- Water 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 2-bed rentals in Coral Gables, from 33 active listings; the middle half ask $2,675–$4,700.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.