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$6,299,000

Beds
4
Baths
3.0
sq ft
2,721

860 San Pedro Ave, Coral Gables, FL 33156

860 San Pedro Ave

Coral Gables, FL 33156

  • 78 days on market
    • Price drop $300,000↓
Rare & Exceptional Opportunity to acquire Biscayne Bay/Atlantic Ocean property to build custom home of your dreams. Situated at the end of wide & deep canal in Gables by the Sea, upscale guard gated community of custom waterfront homes in Coral Gables, "the City Beautiful". Newly built home elevated per code w/ spectacular direct & unobstructed gorgeous views of Bay & ocean. The 12,000 Sq Ft lot has 100 running Ft of waterfront, capable of handling large vessel. Home is larger than Tax Rolls under AC per owner. The area Boasts finest public & private schools, 5 star restaurants, high-end shopping, protected beach, parks, Pinecrest Gardens with community center & library, University of Miami offering endless cultural & sporting events, & the renowned Fairchild Botanical Gardens close by.

Details

Property type

Single Family Residence

Lot size

0.28 acres

Price per sq ft

$2,315

Year built

1960

Annual property taxes

$28,186

Monthly HOA fee

$25

Price History

02/18/2025
SEF

SEF #A11723189

Price change
$6,299,000
-4.55%
01/13/2025
SEF

SEF #A11723189

Listed
$6,599,000
+3.13%
12/07/2024
SEF

SEF #A11604955

Removed
$6,399,000

Schools & Community

Elementary school: 

Pinecrest

Middle school: 

Palmetto

High school: 

Miami Palmetto

Community features: 

Gated, Street Lights

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$5,390,573
Asking price
$6,299,000
Closing costs (~8% of asking)
-$503,920
Est. remaining loan balance
-$404,507
Cash to seller
$5,390,573

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Regions Bank

Loan start date

April 2014

Original loan amount

$1,250,000

Est. remaining balance

$404,507

Interest rate

3.35%

Loan type

New Conventional, 15 year

Seller

Edward A Gross and Karla A Ebenbach

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 04/02/2025 at 4:30 PM

Listing updated: 03/04/2025 at 4:25 PM

Listed by: Renee Gross, Coldwell Banker Realty Phone #: (305) 667-4815

MLS: SEF #A11723189

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