Exceptional opportunity in the heart of Coral Gables to build a one-of-a-kind luxury residence on a prime 10,050 SF lot. Offered at a newly reduced price for a quick sale, this property includes plans for a thoughtfully designed 4,605 SF two-story Mediterranean-inspired home featuring elegant indoor-outdoor living, a chef’s kitchen, expansive living and dining areas, luxurious primary suite, guest accommodations, covered terrace, custom BBQ area, and resort-style pool. The most significant milestone has already been secured: approval by the Coral Gables Board of Engineers, a critical step that can save substantial time, cost, and uncertainty. The project is advancing through permitting and is believed to be nearing final Master Permit approval. Property is being sold AS-IS, and Buyer will be responsible for completing all remaining permits and approvals after closing. Ideal for investors, builders, or end-users seeking to create a custom luxury residence. Seller may also be available to build the project under a separate agreement. Located on a picturesque tree-lined street near Miracle Mile, Merrick Park, fine dining, golf, parks, and top-rated schools. Opportunities with Board of Engineers approval already secured are rare and provide a valuable head start in the development process. A unique chance to create a signature residence in one of South Florida’s most prestigious communities.
Listing Provided Courtesy of JFA Realty Co at 305-644-8880
Property Details
Price:
$1,898,000
MLS #:
A11936581
Status:
Active Under Contract
Beds:
4
Baths:
4.5
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
CORAL GROVES
Neighborhood:
2410
Listed Date:
Aug 17, 2026
Finished Sq Ft:
1,195
Total Sq Ft:
1,211
Lot Size:
437,778,000 sqft / 0.23 acres (approx)
Year Built:
2026
See this Listing
Schools
Elementary School:
Coral Gables Preparatory Academy
High School:
Coral Gables
Interior
Appliances
Other
Bathrooms
4 Full Bathrooms, 1 Half Bathroom
Cooling
Other
Flooring
Other
Heating
Other
Interior Features
Other
Exterior
Architectural Style
Mediterranean
Association Amenities
Pool, Courtesy Bus, Golf Course, Sidewalks, Street Lights, Tennis Court(s)
Attached Garage YN
1
Community
55+
Construction Materials
CBS
Covered Spaces
2
Direction Faces
South
Exterior Features
Other
Garage Spaces
2
Lot Features
Oversized Lot
Parking Features
Attached, Attached Garage, Garage
Roof
Other
Senior Community YN
1
View
Other
Window Features
Other
Financial
Tax Year
2025
Taxes
$23,074
Map
Community
- Address446 Madeira Avenue Coral Gables FL
- SubdivisionCORAL GROVES
- CityCoral Gables
- CountyMiami-Dade
- Zip Code33134
Subdivisions in Coral Gables
Market Summary
Current real estate data for Single Family in Coral Gables as of Oct 27, 2026
187
Single Family Listed
31
Avg DOM
1,517
Avg $ / SqFt
$8,163,439
Avg List Price
Property Summary
- Located in the CORAL GROVES subdivision, 446 Madeira Avenue Coral Gables FL is a Single Family for sale in Coral Gables, FL, 33134. It is listed for $1,898,000 and features 4 beds, 5 baths, and has approximately 1,195 square feet of living space, and was originally constructed in 2026. The current price per square foot is $1,588. The average price per square foot for Single Family listings in Coral Gables is $1,517. The average listing price for Single Family in Coral Gables is $8,163,439.
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