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$5,999,999

7244 Lago Dr, Coral Gables, FL 33143

Bedrooms
5
Baths
4
Living area
4,785 ft²
Price per ft²
$1,254 / ft²
Type
Single-Family Home
Year built
1982
HOA
$1,800 / mo HOA
On market
152 days on market
MLS #
A12022575

Located within the prestigious Islands of Cocoplum community in Coral Gables, the waterfront property represents a prime redevelopment opportunity. The existing residence is being offered for land value, providing developers or end users the chance to build a custom estate in one of South Florida’s most exclusive waterfront enclaves. Walking distance to private Clubhouse and amenities (tennis courts, basketball court, volleyball court, fitness center, playground and swimming pool). One time membership fee for new owners of $50,000.00. This sale is in connection with a Bankruptcy sale and is subject to court approval. The property is being sold “As-Is, Where-Is” with no representations, warranties, or guarantees of any kind, whether expressed or implied, by Trustee Realty. Buyers are responsible for conducting their own independent due diligence. Listing is subject to errors and omissions.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $1,254. The median for recorded sales in the same ZIP codes is $699/ft² — putting it 79% above the median.
  • Position in the area’s price distributionThe asking price is $5,999,999; the median of recorded sales in the area is $1,105,000 (575 sales). On raw price that is 443% above the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $1,800 per month comes to $21,600 a year — 0.4% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33134, 33146 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$1,800,000
Term

7.4% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 15, 2026.

Estimated monthly payment$29,080
Loan amount
$4,199,999
Total interest over the term
$6,268,782
Total repaid
$10,468,781

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Trustee Realty Inc.

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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