For sale Home

Listed Sep 22, 2026

$3,000,000 Est. $19,842/mo

421 Luenga Avenue

  • 3

    Beds

  • 2

    Baths

  • 1,760

    Sq ft

The story

  • Pool

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.

Facts & features

Home type

Home

Year built

1950

Floors

1

Price per sq ft

$1,705

Parking

2-car garage

Included features

  • Pool

    Yes

  • Cooling

    Electric

  • Heating

    Electric

  • Flooring

    Hardwood, Tile, Wood

  • Roof

    Barrel

  • Lot Information

    Quarter To Half Acre Lot

  • Exterior

    Fence

  • Water Source

    Public, Well

  • Sewer

    Septic Tank

Mortgage calculator

Estimated monthly payment

$19,842 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $15,967
  • Property tax $3,000
  • Insurance $875

Includes principal, interest, taxes & insurance.

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Listing Broker

Atlas Realty Miami, LLC.

Broker Name

Atlas Realty Miami, LLC.

Agent

Rafael Maryahin

Location

Miami FL 33146