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4950 Riviera Drive, Coral Gables FL 33146

House Recently Sold
$3,500,000

BTC: 42.09766659

ETH: 1,320.75471698

Sold on: 2026-04-03
3 days
Waterfront
3 bds
3 ba
2,330 sqft

Overview

Stunning Turnkey Waterfront Residence on the Coveted Coral Gables WaterwaySet along prestigious Riviera Drive, this newly renovated 3-bedroom, 3-bath residence offers a rare opportunity to own a private waterfront retreat in the heart of Coral Gables. Situated on an approximately 14,000-square-foot lot with expansive water frontage on a wide canal with direct ocean access, the home is ideal for everyone and is zoned for top-rated schools.A canopy of majestic 70-foot oak trees welcomes you as you enter through electric gates, revealing a lush, secluded property framed by a four-foot concrete wall, a 10-foot podocarpus hedge, and mature landscaping that provides exceptional privacy and curb appeal. Inside, the home features a fully remodeled, open-concept layout with both formal and informal living areas, marble floors, vaulted tongue-and-groove ceilings, imported Italian interior doors, electric shades, and abundant natural light throughout. The newly updated chef's kitchen is outfitted with custom cabinetry with soft-close cabinets and doors, a large island with bar seating, a 72 Sub-Zero refrigerator, Wolf gas range, and Miele coffee machine, plus a custom bar for everyday living and entertaining.The expansive primary suite offers tranquil waterfront views, while newly remodeled bathrooms and thoughtful upgrades enhance comfort and style throughout the home. A continuous wall of multiple impact glass sliding doors opens to the outdoors, seamlessly blending indoor and outdoor living.Step outside to a resort-style backyard featuring a sparkling pool with glass mosaic tile, a hand-laid coral stone pool deck, new saltwater system, and beautifully landscaped grounds that are ideal for relaxing or hosting gatherings. The sunset waterfront views are absolutely breathtaking!The property boasts approximately 140 feet of water frontage on the Coral Gables Waterway, complete with a recently overhauled 15,000-lb electric boat lift (2025), making it a dream for boating enthusiasts.Additional features include commercial-grade hurricane impact windows and doors, two new central A/C systems, EV charger, new septic tank (2025), upgraded burglar alarm system, new video surveillance system, new irrigation system, landscape lighting, LED interior lighting, new pool lighting, ample parking, and a two-car garage with new custom cabinetry for extra storage.Ideally located in one of Coral Gables most sought-after neighborhoods.

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Circular Driveway / Driveway / Parking Garage
Year Built:
1953
Lot:
14000 Square Feet
Heating:
Central
Price/sqft:
$1,524
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,150,000
$737K – $2.7M
Confidence Low
List vs. estimate
$2.4M above estimate
List $3,550,000 · +208.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,523
+38.6% vs. city median $1,099
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $2.2M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$33,382
2024
Pool
Community
View
Canal, Canal View
Waterfront
Navigable Water, Ocean Access
Garage
2 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Slate

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Electric Water Heater

    • Dishwasher

    • Disposal

    • Dryer

    • Ice Maker

    • Microwave

    • Gas Range

    • Refrigerator

    • Washer

    Other interior features

    • First Floor Entry

    • Family Room

    • Storage

    • Utility/Laundry In Garage

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Parking

    • 2 Or More Spaces

    • Circular Driveway

    • Driveway

    • Parking Garage

    Property

    • Pool Private: Yes

    • Exterior Features: West Of Us1 / Courtyard

    Lot

    • Lot: 14000 Square Feet

    Other Property Information

    • Parcel Number: 03-41-20-023-1320

    • Zoning: 0100

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Connected

    • Cable Available

  • Other financial information

    • Annual tax amount: $33,382

  • Source details

    • MLS ID: F10549188

    Other facts

    • Construction Materials: Concrete Block Construction / Stone

    • Laundry Features: In Garage

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

    • Pool Features: Community / Equipment Stays / Private

    • Window Features: Blinds / High Impact Windows / Impact Glass / Verticals

    • Direction Faces: East

    • Other Structures: Livable

    • Architectural Style: Ranch

    • Waterfront: Yes

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2330

    • Water Source: Public

    • Subdivision Name: Coral Gables Riviera Pt 0

Private inquiry
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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: Home Sold Realty LLC