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Single Family Residence
$1,790,000$802 / sqft
1205 Wallace St, Coral Gables FL 33134
Listed
5
Bedrooms
4
Bathrooms
2,232 sqft
Interior
1989
Year built
None
HOA
Single Family Residence
Type
About this home
Luxury living meets exceptional versatility. A fully remastered sanctuary blending timeless elegance with modern sophistication. Nestled in a prime location in Coral Gables on a closed street this exquisite property features a beautifully renovated 3 bedroom main house paired with a detached guest house offering two private efficiency suites, ideal for multi-generational living or hosting guests. Discover an ideal design, cathedral ceilings, Italian porcelain tile throughout, LED lighting and high-end finishes throughout. The chef’s kitchen boasts premium appliances, custom cabinetry, and sleek countertops, seamlessly connecting to an expansive living and dining areas, perfect for entertaining. Outside enjoy meticulously landscaped grounds, private outdoor living areas, and privacy gate.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Split Bedroom
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Wet Bar
- Separate Guest/In-Law Quarters
- Utility Room/Laundry
- Other
Leasing
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 5-bed rentals in Coral Gables, from 14 active listings; the middle half ask $16,000–$30,000.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.