For sale Home

Listed Oct 8, 2026

$1,975,000 Est. $13,063/mo

23 Majorca Avenue

  • 8

    Beds

  • 4

    Baths

  • 4,200

    Sq ft

The story

Rare Coral Gables fourplex with two paths to value. Hold it as a stabilized income-producing asset, or convert it to a single-family estate in one of the Gables’ most sought-after residential pockets. 5,640 SF lot on a tree-lined street, minutes from Miracle Mile, Downtown Coral Gables, the University of Miami, and Merrick Park. Four separate units 2-Bedroom / 1- Bath, Fully leased for a year. The Gables’ strict single-family premiums, limited supply, and lasting demand make this one of the few chances to buy here with an income cushion while you plan the conversion. Buyer to verify zoning, permitting, and conversion feasibility with the City of Coral Gables. Tenant-occupied; showings by appointment with notice. Rent roll and OM available on request.

Facts & features

Home type

Home

Year built

1949

Floors

2

Price per sq ft

$470

Included features

  • Cooling

    Central Air

  • Heating

    Central

  • Flooring

    Hardwood, Wood

  • Roof

    Barrel

  • Lot Information

    Less Than Quarter Acre

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$13,063 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $10,512
  • Property tax $1,975
  • Insurance $576

Includes principal, interest, taxes & insurance.

Your Property Journey

Interested in this, or something like it?

Submit an inquiry

Drop your details and we will help you find what you are looking for.

Not quite. Help me find the right one

Talk it through or type it out, whichever feels easiest.

Your contact details

An agent will reach out personally, no automated calls.

Smart Assistant

Hi, how can I help you find your dream home?

Tap the voice button to talk, or just start typing.

Tap anywhere to fix a word or add more

Tap stop when you’re done. You can edit the text before searching.

By submitting, you agree to our Privacy Policy and Terms.

Listing Broker

Maddux & Company

Broker Name

Maddux & Company

Agent

John Weston

Location

Miami FL 33155