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421 Luenga Ave, Coral Gables FL 33146

House For Sale
$3,000,000

BTC: 34.76245655

ETH: 1,132.07547170

1 days
3 bds
2 ba
1,760 sqft

Overview

RARE CORAL GABLES DEVELOPMENT OPPORTUNITY on an expansive and DEEP 12,500 SF lot (100' Wide x 125' Deep) in the highly desirable Riviera section, just minutes from Coconut Grove. An exceptional opportunity to build a custom residence in an established neighborhood surrounded by significant new construction and luxury homes, with a brand new luxury home being constructed directly across the street. Ideally located near Coconut Grove, South Miami and the heart of Coral Gables, with many of Miami's most sought-after private schools nearby, including Ransom, Carrollton, Gulliver and St. Hugh. The existing residence is remodeled and livable. Of particular value, the oversized heated pool and spa were completely rebuilt 4 years ago and are positioned toward the rear of the property, allowing the potential to incorporate it into a new construction plan. A compelling opportunity for a developer, builder or end user seeking a substantial Coral Gables lot in an exceptional location. Property offered AS IS. All measurements, development potential, zoning and school assignments to be independently verified by buyer. Please do not walk property without an appointment.

Location

Details

Type:
Residential
Parking:
Circular Driveway
Year Built:
1950
Lot:
12500 Square Feet
Heating:
Electric
Price/sqft:
$1,705
Cooling:
Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,000,000
$1.4M – $2.7M
Confidence Low
List vs. estimate
$1.0M above estimate
List $3,000,000 · +50.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,704
+46.6% vs. city median $1,162
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $2.7M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$38,779
2025
Pool
In Ground
View
Garden, Pool
Garage
2 car garage
All facts and features
  • Flooring

    • Tile

    • Wood

    Heating

    • Electric

    Cooling

    • Electric

    Appliances

    • Other Equipment/Appliances

    Other interior features

    • First Floor Entry

    • Garage Apartment

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Parking

    • Circular Driveway

    Lot

    • Lot: 12500 Square Feet

    Other Property Information

    • Parcel Number: 03-41-29-027-1020

    • Zoning: 0100

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $38,779

  • Source details

    • MLS ID: A12092750

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Pool Features: In Ground

    • Direction Faces: South

    • Architectural Style: Detached / One Story

    • Garage Spaces: 2

    • Garage: Yes

    • Living Area: 1760

    • Water Source: Municipal Water / Well

    • Subdivision Name: C GAB RIVIERA SEC 10

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Atlas Realty Miami, LLC.