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Single Family Residence
$5,500,000$1,671 / sqft
3685 Royal Palm Ave, Miami FL 33133
Listed
3
Bedrooms
4
Bathrooms
3,292 sqft
Interior
1945
Year built
None
HOA
Single Family Residence
Type
About this home
Exceptional opportunity to own a classic, Mediterranean-style home, one of South Coconut Grove’s most unique properties. This ultra-private estate sits on an extraordinary 21,000 sf lot with a 700 sf pool surrounded by lush tropical gardens. Light-filled interior flows easily from the main living areas to inviting outdoor spaces. This vintage Mediterranean style home offers original Dade County pine floors, a grand living room with 11 ft ceilings, wood burning fireplace and adjoining sunroom creating a most enjoyable serene setting and timeless appeal. The formal dining room has an adjoining butler pantry, and the kitchen opens to a garden patio perfect for alfresco dining. On the second floor, there are 2 bedrooms, bath and a Primary Suite with a wood burning fireplace, bathroom with rainfall shower and steam and private terrace overlooking the pool and grounds. Impact windows throughout, full home generator and multiple CC cameras. Available architectural plans to upgrade the house to a total of 6,217 sf and 5-bedroom suites, presenting a rare opportunity to enjoy the existing residence, expand, or create a new custom estate. Whether you choose to enjoy the home as it is, personalize and expand over time, or design a new custom residence, this exceptional property offers rare flexibility for both end users and developers.
Features
- First Floor Entry
- Built-in Features
- Pantry
- Skylight
- Volume Ceilings
- Family Room
- Florida Room
- Utility Room/Laundry
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 Coconut Grove, from 12 active listings; the middle half ask $3,500–$8,000.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.