2945 Coconut Avenue, Miami, FL 33133

$2,800,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11977562

Property Type: Residential Income Square Footage: 3,500 Status: Active

Current Price: $2,800,000 List Date: 3/09/2026 Last Modified: 7/28/2026

Overview

Description

Exceptional investment opportunity in highly desirable Coconut Grove! This well-maintained fourplex features four spacious 2-bedroom, 1.5-bathroom units (875 Square Feet per unit), each offering a private patio as well as an exclusive rooftop terrace—an uncommon and highly desirable feature for star gazers. The gated property provides secure access and includes parking for two vehicles per unit.Each unit has its own separate folio number, creating a rare opportunity for a potential condo conversion or flexible ownership structure. All units are currently occupied by long-term tenants, providing immediate income, with rents currently below market rates and strong upside potential for increased revenue.Ideally located near the parks, marinas, dining, shopping, and waterfront lifestyle that make Coconut Grove one of Miami’s most sought-after neighborhoods, this property offers both stable cash flow and long-term appreciation potential.DO NOT DISTURB TENANTS. Showings by appointment on ... (Read more)

Listing Details MLS# A11977562

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 3500
Living Area Main: 3500
Adjusted Area Main: 875
Year Built: 2008
Parking Total: 8
Lot Size Dimensions: 7500
Stories Total: 3
Pool Private YN: No

Property Features

Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit - Security Flooring: Laminate; Tile Property Condition: Resale Structure Type: Multi Family Construction Materials: CBS Cooling: Central Air Association Type: Condominium Heating: Central; Separate Meters Listing Terms: Cash; Conventional Possession: Close Of Escrow Roof: Flat; Tile Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Water Source: Public Showing Requirements: Appointment Only Unit 1 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen; Laundry Room Unit 2 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 3 Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Washer Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Unit 4 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Parking Space

Contract Information

Comp Sale YN: No
Original List Price: 3000000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 2945
Street Name: Coconut
Street Suffix: Avenue
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33133
Postal Code +4: 3787
Postal Zip: 33133
Subdivision Name: PALM TERRACE
Area: 2410
Elementary School: Coconut Grove
Middle Or Junior School: Ponce De Leon
High School: Coral Gables
Special Assessment YN: No
Parcel Number: 0141161660001
Subdivision Number: 166
Zoning: 3900
Flood Zone: X
Directions: Please use GPS. In Coconut Grove on Coconut Ave.

Financial Information

Association YN: Yes
Association Fee Frequency: Monthly
Tax Annual Amount: 35354
Tax Year: 2025
Tax Legal Description: COCONUT DEVELOPERS CONDO PALM TERR PB 3-47 LOT 18 BLK 1 AS DESC IN DECL OR 26747-2881 LOT SIZE 7500 SQFT FAU 01-4116-029-0160
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-07-28T13:19:36Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-28T13:19:36Z
Status Change Date: 2026-03-09

More Information

Income and Expenses

Gross Income: 13400

Unit 1 Details

Actual Rent: 3400
Baths Full: Yes
Baths Half: Yes
Efficiency YN: No
Furnished: Unfurnished
SqFt: 875

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 3200
Baths Full: Yes
Baths Half: Yes
Efficiency YN: No
Furnished: Partially
SqFt: 875

Unit 2 Lease Description

Currently Leased YN: Yes

Unit 3 Details

Actual Rent: 3300
Baths Full: Yes
Baths Half: Yes
Efficiency YN: No
Furnished: Negotiable
SqFt: 875

Unit 3 Lease Description

Currently Leased YN: Yes

Unit 4 Details

Actual Rent: 3500
Baths Full: Yes
Baths Half: Yes
Efficiency YN: No
Furnished: Negotiable
SqFt: 875

Unit 4 Lease Description

Currently Leased YN: Yes

Price Calculations

Current Price To SqFt: 800

Section Details

Parcel Number MLX: 0001

Originating Details

Originating System Key: 438383273
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Laminate: Yes
Tile: Yes

Property Condition

Resale: Yes

Documents Available

Copy Of Lease(s): Yes
Deposit - Last Months Rent: Yes
Deposit - Security: Yes

Structure Type

Multi Family: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Separate Meters: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Flat: Yes
Tile: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

Appointment Only: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Unit 1 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 2 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Patio/Porch

Patio/Porch: Yes

Unit 3 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 3 Patio/Porch

Patio/Porch: Yes

Unit 4 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes

Unit 4 Parking Features

Parking Space: Yes

Unit 4 Patio/Porch

Patio/Porch: Yes

Listing Office: Grove Town Properties, Inc.

Last Updated: July - 28 - 2026

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2945 Coconut Avenue, Miami, FL 33133 (MLS# A11977562)