Rare Coral Gables Waterfront Multi-Family Opportunity! Situated on an oversized waterfront lot, this unique property is currently configured as a duplex and fully leased, offering immediate income potential. Located in one of South Florida’s most prestigious neighborhoods in close proximity to The University of Miami, this property combines the charm of Coral Gables with the flexibility of future development possibilities. Whether you’re seeking steady rental income, planning to redevelop into a luxury residence or expand its multi-family use, the location & lot size make this a standout investment. Properties like this rarely come to market—don't miss your chance to own a prime piece of Coral Gables real estate with water access & endless potential. This property is not in a flood zone.
Listed by Elena Kemper
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License #342833
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BHHS EWM Realty
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305-799-1184
Listed by Gabriel Zilban
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License #3287780
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BHHS EWM Realty
Last updated October 16, 2025
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Source: MIAMIRE #A11895863
Listing Facts
TypeMulti-family
NeighborhoodRiviera
Days on Prevu34
Taxes$29,224/year
Size3,740 sqft
Price per sqft$936
Amenities
Pets Allowed
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
10/16/2025
Listed by BHHS EWM Realty
$3,499,000
Property Details for 4801 University Dr
Association
General
Number Of Units In Community: 2
Exterior
Construction
Roof: Barrel Roof
Stories: 2
Stories Total: 2
Structure Type: Duplex
Year Built: 1958
Year Built Details: Resale
Architectural Style: Detached
Building Name: C G RIVIERA SEC PART 4
Construction Materials: CBS Construction
Features
Waterfront Features: Canal Front
Waterfront: Yes
Measurements
Building Area Total: 3,740
Building Area Units: Square Feet
Frontage Length: 80
Lot Features: 1/4 To Less Than 1/2 Acre Lot
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 03-41-19-006-0290
Tax Annual Amount: $29,224.00
Tax Year: 2024
Interior
Features
Flooring: Other, Tile, Wood
Spa: Yes
Measurements
Living Area: 3,740
Living Area Units: Square Feet
Other
Location
Subdivision Name: C G RIVIERA SEC PART 4
Parking
Parking
Parking Total: 6
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Sewer: Septic Tank
Water Source: Municipal Water
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.