421 Luenga AveCoral Gables, FL 33146

Description

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Detached / OneStory

Year built

1950

Living area

1,760 Sq Ft

Lot size

12,500 Sq Ft

Garage spaces

2

Days on market

23

MLS^® Listing#

A12092750

Property Features

Interior

Master Downstairs

Appliances

Other

Cooling

Electric

Heating

Electric

Flooring

Hardwood · Tile · Wood

Pool

In Ground · Private

Parking

Circular Driveway

Fencing

Fenced

Construction

Block · Concrete

Roof

Barrel

Sewer

Septic Tank

Water source

Private · Public · Well

Schools

Elementary

Sunset

Middle

Ponce De Leon

High

Coral Gables

Financial Details

Annual taxes

$38,779Tax year 2025

Parcel number

03-41-29-027-1020