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    1301 Milan Ave Coral Gables, FL 33134

    Sponsored
    For Sale
    $6,000,000

    Historic Coral Gables B&B Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Coral Gables property, located at 1301 Milan Ave, presents a unique investment opportunity. The 23,630 sq. ft. lot houses a charming 1926-built, 1,227 sq. ft. main house featuring four bedrooms and four bathrooms. The property also includes five charming cottages, adding to its significant rental potential. Approved plans exist for a 1,046 sq. ft. expansion to the main house and an additional 1,001 sq. ft. of rental space in the cottages. Outdoor amenities include a 351 sq. ft. pergola, a sunset roof terrace, lush gardens, tunnels, grottos, and a carved bridge, contributing to the property's distinctive character and charm. The property's historical designation allows for operation as a Bed & Breakfast, capitalizing on the high demand for unique accommodations in Coral Gables. The asking price for this remarkable property is $6,000,000. Situated in Miami-Dade County, Florida, with a 33134 zip code, this property offers a rare blend of history, charm, and significant expansion potential. This is a truly exceptional opportunity to own a piece of Coral Gables history.

    Property Features for 1301 Milan Ave

    General Information

    Property type
    Hotels

    Building Details

    Year Built
    1926

    HighLights

    • Exceptional Coral Gables investment opportunity at 1301 Milan Ave, Miami‑Dade County, FL 33134.
    • 23,630 sq. ft. lot with a 1,227 sq. ft. 4 bed/4 bath main house (built 1926) plus five cottages.
    • Approved plans for 1,046 sq. ft. main house expansion and 1,001 sq. ft. cottage expansion.
    • Outdoor amenities include pergola, roof terrace, gardens, tunnels, grottos, and bridge.
    • Historically designated, allowing for Bed & Breakfast operation; $6,000,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2824913
    Latitude
    25.7570546

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    FAQs

    What type of property is this?
    Hotel - Historic Coral Gables B&B Opportunity
    Where is this hotel located?
    The property is located at 1301 Milan Ave Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: Exceptional Coral Gables investment opportunity at 1301 Milan Ave, Miami-Dade County, FL 33134.; 23,630 sq. ft. lot with a 1,227 sq. ft. 4 bed/4 bath main house (built 1926) plus five cottages.; Approved plans for 1,046 sq. ft. main house expansion and 1,001 sq. ft. cottage expansion.
    Request Owner's contact information
    1301 Milan Ave Coral Gables, FL 33134
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    Coral Gables, FL 33134
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1301 Milan Ave Coral Gables, FL 33134
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