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    Coral Gables Boutique Hospitality Property Title is generated by Realmo AI

    36 Phoenetia Ave, Coral Gables, FL 33134

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    For Sale
    $2,650,000

    Business Opportunity - Coral Gables, FL

    Added:
    Feb 11, 2026
    Days on Market:
    95
    Last Refresh:
    May 17 at 11:06 pm

    Property Features for 36 Phoenetia Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    3801
    Parking features
    On Street
    Standard status
    Active
    APN
    03-41-08-009-1880

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    31921

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1926
    Flooring type
    Concrete, Hardwood, Wood
    Building materials
    Block
    Roof type
    Barrel, Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Eric Periu

    Listing agent Eric Periu License #3071431

    Listing office United Realty Group Inc 20803 Biscayne Blvd Ste 410, Plantation, FL

    Listing date Feb 11, 2026

    MLS# A11964008 Listing URL

    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.

    HighLights

    • Only legal Short‑Term Rental (STR) in Coral Gables with a Bed & Breakfast conditional use permit.
    • Fully operational 6‑unit boutique property with a strong reputation and consistent income stream.
    • Prime location in the heart of prestigious Coral Gables.
    • Six private guest suites, each with individual A/C, water heaters, full bathrooms, and kitchenettes.
    • Authentic Spanish architecture providing classic Coral Gables charm.
    • Suitable for investors, owner‑operators, STR operators, or hospitality groups.

    Overview

    This is a rare investment opportunity to acquire Casa Coral, the only legal short-term rental in Coral Gables with a conditional use permit for Bed & Breakfast. This beautifully maintained Spanish-style Villa is located in the heart of Coral Gables. The charming and fully operational 6-unit boutique property offers investors, owner-operators, short-term rental operators, or hospitality groups a unique footprint. Operating successfully for the past 4 years, the property has built a strong reputation with consistent repeat travelers and steady bookings, delivering a reliable income stream with a loyal customer base. The property features 6 private guest suites with individual split unit A/C systems, separate water heaters, private full bathrooms, and kitchenettes. The authentic Spanish Architecture brings a classic Coral Gables charm, and the Boutique hospitality experience has that quaint, cozy "home-away-from-home atmosphere ideal for leisure travelers, medical visitors, business travelers, and extended stays. With its welcoming residential feel, prime location, and consistent operating history, this property presents a compelling blend of lifestyle, warm ambiance, equity value gains, and income-producing real estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • courtyard — 2501 s S Le Jeune Rd, Coral Gables, FL 33134
    • Greystar Properties — 2000 Salzedo St, Coral Gables, FL 33134
    • Golden Wings Concierge Llc — 3232 Coral Way, Coral Gables, FL 33145, United States
    • penelope lubar — 513 giralda ave, coral gables, fl 33134
    • AIC Hotel Group — 55 Miracle Mile, Miami, FL 33134

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.25642
    Latitude
    25.76115

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    FAQs

    What type of property is this?
    Bed & breakfast - Unique 6-unit property with strong income potential in Coral Gables.
    Where is this bed & breakfast located?
    The property is located at 36 Phoenetia Ave Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: Only legal Short‑Term Rental (STR) in Coral Gables with a Bed & Breakfast conditional use permit.; Fully operational **6‑unit boutique property with a strong reputation and consistent income stream.**; **Prime location in the heart of prestigious Coral Gables.**
    (773) 425-7603
    We can help!
    Listing Contact
    Eric Periu
    Real Estate License ID: 3071431
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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