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Coral Rock Apartment Compound
For Sale
$3,200,000

1301 Milan Ave, Coral Gables, FL 33134

Commercial Sale, Coral Gables, FL

Property SizeContact for details
Lot Size0.30 Acres
Days on Market60

Property Features for 1301 Milan Ave

General Information

Property type Commercial Sale
Property subtype Other
Zoning description 0100
Subdivision 41
Standard status Active
APN 03-41-07-026-0020
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 19847

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating)
Cooling system Central Air
Water source Public

Amenities

courtyards
pathways
green spaces

Building Details

Year built 1929
Number of units 5
Flooring type Slate, Marble
Building materials Stone
Roof type Barrel
Listing Agency: Keller Williams Capital Realty · Keller Williams Realty
Listed By: Kelly Belem Pereira · License #3621699
Added: Jul 16 Changed: Sep 12 Last Checked: Sep 13 at 2:06PM
MLS# A12004895

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1929, this multifamily property occupies a 0.3017-acre site and includes five separate cottages plus an additional architecturally distinctive structure. Coral stone construction, exposed masonry, wood beam ceilings, marble and slate flooring, and barrel roofing define the improvements. Central heating and central air conditioning serve the property, with public water and public sewer in place.

The property is located at 1301 Milan Ave in Coral Gables, near Granada Golf Course and within minutes of dining, boutique shopping, and cultural destinations. Courtyards, paths, and landscaped outdoor areas connect the residences and create a cohesive village-style setting. The existing configuration offers a distinct alternative to a conventional apartment building, with multiple individual structures arranged across the site.

Key Highlights

  • Five cottages plus one additional architectural structure
  • 1929 construction on a 0.3017‑acre site
  • Authentic coral stone construction with exposed masonry

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Restaurant Food Market Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,441
Businesses Nearby

Demographics for 33134, FL

38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Distinctive multifamily property with cottage residences, coral stone construction, and indoor-outdoor living areas.
Where is this apartment building located?
The property is located at 1301 Milan Ave Coral Gables, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Five cottages plus one additional architectural structure; 1929 construction on a 0.3017‑acre site; Authentic coral stone construction with exposed masonry
More about this property
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