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Condominium
$1,350,000
301 Altara Ave # 701, Coral Gables FL 33146
Listed
3
Bedrooms
2
Bathrooms
— sqft
Interior
2019
Year built
$975 / mo
HOA
Condominium
Type
About this home
BEAUTIFUL CORNER UNIT ON THE 7TH FLOOR , WITH 3 BEDROOMS AND 2 FULL BATHROOMS WITH THE FINEST FINISHES IN ONE OF THE MOST EXCLUSIVE BUILDINGS OF CORAL GABLES. MERRICK MANOR IS LOCATED ONE BLOCK OF MERRICK PARK MALL. ALL THE FLOORS ARE CERAMIC TILES. QUARTZ KITCHEN COUNTERTOP ENJOY THE BEAUTIFUL VIEW OF THE CITY.
Features
- First Floor Entry
- Open Balcony
- None
Leasing
- Minimum lease
- 2 days
- Leases permitted per year
- 180
- No Daily Rentals
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$7,801
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 3-bed rentals in Coral Gables, from 12 active listings; the middle half ask $5,000–$12,000.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.