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Historic Multifamily Cottages
For Sale
$3,200,000

1301 Milan Ave, Coral Gables, FL 33134

Coral rock landmark with five individual cottages and one distinctive structure, featuring exposed stone walls and wood beam ceilings.

Property Size4,252 SF
Price / SF$752.59
Days on Market151

Property Features for 1301 Milan Ave

General Information

Standard status Active
Size 4,252 SF
Property subtype General Commercial

Taxes and HOA fees

Annual Taxes $19,847

Amenities

3

Building Details

Year Built 1929
Construction coral rock
Listing Agency: Keller Williams Capital Realty
Listed By: Kelly Belem Pereira · License #3621699
Source: Xome
Added: Apr 11 Changed: Sep 1 Last Checked: Sep 8 at 5:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Capital Realty

Investment Insights

Based on property information with market context.

Coral Rock Village is a historic property originally built in the 1930s, constructed from authentic coral rock and arranged as a private village setting. The compound currently features five individual cottages and one distinctive architectural structure, laid out within a lush, tropical environment with intimate courtyards, winding pathways, and green spaces. Inside, residences feature exposed coral stone walls and wood beam ceilings, along with indoor-outdoor living.

Located in the heart of Coral Gables at 1301 Milan Avenue, the property is moments from Granada Golf Course and just minutes from fine dining, boutique shopping, and cultural destinations.

For ownership purposes, the current offering includes five cottages and the distinctive structure, with the owner retaining Cottage #5 while repositioning the property at an adjusted price to create flexibility for the next owner.

Key Highlights

  • Historic Coral Rock Village at 1301 Milan Avenue in Coral Gables, built in 1929
  • Compound includes five individual cottages plus one distinctive architectural structure
  • Authentic coral rock construction with exposed coral stone walls throughout

Property Analytics

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.

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

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Coral rock landmark with five individual cottages and one distinctive structure, featuring exposed stone walls and wood beam ceilings.
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: Historic Coral Rock Village at 1301 Milan Avenue in Coral Gables, built in 1929; Compound includes five individual cottages plus one distinctive architectural structure; Authentic coral rock construction with exposed coral stone walls throughout
More about this property
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