Single Family Residence / Coral Gables
23 Majorca Avenue, Coral Gables, FL 33134
Coral Gables / CORAL GABLES SEC L
$1.98M23 Majorca Avenue, Coral Gables, FL 33134
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Property Overview
Rare Coral Gables fourplex with two paths to value. Hold it as a stabilized income-producing asset, or convert it to a single-family estate in one of the Gables’ most sought-after residential pockets. 5,640 SF lot on a tree-lined street, minutes from Miracle Mile, Downtown Coral Gables, the University of Miami, and Merrick Park. Four separate units 2-Bedroom / 1- Bath, Fully leased for a year. The Gables’ strict single-family premiums, limited supply, and lasting demand make this one of the few chances to buy here with an income cushion while you plan the conversion. Buyer to verify zoning, permitting, and conversion feasibility with the City of Coral Gables. Tenant-occupied; showings by appointment with notice. Rent roll and OM available on request. PMG and Maddux & Co. are pleased to present 23 Majorca Avenue, a beautifully appointed four-unit free-standing building positioned just steps from the Miracle Mile / Giralda Avenue corridor in the heart of Coral Gables. The property offers a rare opportunity to acquire a fully occupied fourplex with charming curb-appeal, functional layouts, and value-add potential in one of South Florida's most desirable submarkets, where new multifamily construction is virtually nonexistent due to zoning and land constraints.Hold it as a stabilized income-producing asset, or convert it to a single-family estate in one of the Gables’ most sought-after residential pockets. 5,640 SF lot on a tree-lined street, minutes from Miracle Mile, Downtown Coral Gables, the University of Miami, and Merrick Park. Four separate units 2-Bedroom / 1- Bath, Fully leased for a year. The Gables’ strict single-family premiums, limited supply, and lasting demand make this one of the few chances to buy here with an income cushion while you plan the conversion. Buyer to verify zoning, permitting, and conversion feasibility with the City of Coral Gables. Tenant-occupied; showings by appointment with notice. Rent roll and OM available on request.
Gallery
Photography
Location
Location
The neighborhood
Area insights
Lifestyle
Tree-lined streets, Miracle Mile, Venetian Pool, golf at the Biltmore and a calendar of cultural events.
Transport
Metrorail stops, US-1 and the Dolphin Expressway; about 15 minutes to Miami International Airport.
Schools
Well-regarded public schools such as Coral Gables Preparatory Academy plus many private options nearby.
Safety & environment
Low-density residential streets with an active city police presence and strict architectural review.
Buyer profile
Families and long-term owners who value schools, architecture and stability.
Key facts
Features
Private showing
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Listing courtesy of Maddux & Company (John S Weston). Source: BeachesMLS. Information deemed reliable but not guaranteed; verify independently.