600-620 Arvida Pkwy
Coral Gables, FL 33156 · single_family · For Sale · 216 days on market
Asking price$175,000,000
10 beds 18 baths 21,145 sqft
Suggested offer$17,415,445$157,584,555 above the est. market value of $17,415,445.
View on Realtor.com →Listed by Alex Pirez · Mocca Realty, LLC.
Typesingle_family
Built2017
Price / sqft$8276
Est. value (own analysis)$17,415,445
Rent estimate (Zillow ZIP avg)$2,706/mo
HOA$625/mo
1 / 26
Show every detail
Statusfor_sale
Listed date2026-01-30
Removed date—
MLSMiamiMLS #A11955319
Coordinates25.68905, -80.26510
Address600-620 Arvida Pkwy
CityCoral Gables
StateFL
Zip33156
Listing ID5598543716
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33156)
Typical home value (ZHVI)$1,543,591
Typical rent (ZORI)$2,706/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $175,000,000 |
| Down payment (20.0%) | $35,000,000 |
| Loan amount | $140,000,000 |
| Closing costs (5.0%) | $8,750,000 |
| Total cash to close | $43,750,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,706$32,468 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,489$29,870 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $277,083$3,325,000 |
| Insurance (placeholder 0.8% of price) | $116,667$1,400,000 |
| HOA dues | $625$7,500 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $135$1,623 |
| Total operating expenses | $394,510$4,734,123 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $135$1,623 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 10 | 13 | 11,833 | $75,000 | 2026-06-29 | — |
Widened to any bedroom count in ZIP. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 13470 SW 67th Ave | single_family | 4 | 4 | 3,258 | $2,900,000 | 2026-09-01 |
| 6980 SW 104th St | single_family | 4 | 3 | 3,002 | $1,650,000 | 2026-08-27 |
| 5780 Las Palmas Dr | single_family | 4 | 4 | 4,638 | $3,500,000 | 2026-08-26 |
| 12801 SW 61st Ave | single_family | 5 | 5 | 5,802 | $4,550,000 | 2026-08-24 |
| 12050 Moss Ranch Rd | single_family | 4 | 4 | 3,191 | $3,375,000 | 2026-08-21 |
| 8331 SW 100th St | single_family | 3 | 2 | 1,191 | $173,370,070 | 2026-08-21 |
| 1115 San Pedro Ave | single_family | 4 | 4 | 2,960 | $4,750,000 | 2026-08-21 |
| 600 Conde Ave | single_family | 5 | 5 | 4,512 | $4,000,000 | 2026-08-18 |
| 9801 SW 73rd Ct | single_family | 4 | 4 | 2,539 | $1,925,000 | 2026-08-18 |
| 12220 Rock Garden Ln | single_family | 7 | 6 | 6,065 | $6,575,000 | 2026-08-18 |
| 5770 SW 100th St | single_family | 5 | 6 | 6,447 | $4,750,000 | 2026-08-17 |
| 7200 SW 107th Ter | single_family | 5 | 6 | 3,450 | $2,990,000 | 2026-08-17 |
| 12624 SW 77th Ave | single_family | 5 | 4 | 4,014 | $3,200,000 | 2026-08-13 |
| 7350 SW 129th St | single_family | 4 | 3 | 2,982 | $1,650,000 | 2026-08-13 |
| 6650 SW 123rd St | single_family | 6 | 8 | 6,848 | $4,650,000 | 2026-08-12 |
| 8005 SW 106th St | single_family | 3 | 2 | 2,920 | $1,375,000 | 2026-08-12 |
| 6060 SW 133rd St | single_family | 4 | 2 | 3,183 | $2,425,000 | 2026-08-11 |
| 7255 SW 126th St | single_family | 4 | 4 | — | $1,315,000 | 2026-08-10 |
| 13300 SW 69th Ave | single_family | 5 | 5 | 4,731 | $2,900,000 | 2026-08-10 |
| 1400 Coruna Ave | single_family | 4 | 4 | 3,639 | $3,400,000 | 2026-08-10 |
| 13200 SW 83rd Ave | single_family | 3 | 2 | 2,492 | $1,225,000 | 2026-08-07 |
| 12510 Ramiro St | single_family | 6 | 4 | 3,350 | $2,900,000 | 2026-08-07 |
| 9440 SW 62nd Ct | single_family | 6 | 5 | 5,576 | $5,475,000 | 2026-08-07 |
| 12515 SW 85th Avenue Rd | single_family | 3 | 2 | 1,379 | $400,000 | 2026-08-07 |
| 11600 SW 77th Ave | single_family | 5 | 7 | 4,673 | $4,700,000 | 2026-08-07 |
| 11490 SW 72nd Ct | single_family | 4 | 3 | 2,616 | $1,620,000 | 2026-08-05 |
| 8600 SW 112th St | single_family | — | 0 | — | $2,700,000 | 2026-08-05 |
| 6181 W Suburban Dr | single_family | 2 | 1 | 2,745 | $4,200,000 | 2026-08-04 |
| 10330 SW 71st Ave | single_family | 5 | 3 | 2,789 | $2,275,000 | 2026-08-03 |
| 9710 SW 72nd Ct | single_family | 4 | 2 | 1,805 | $1,620,000 | 2026-08-03 |
| 8340 SW 96th St | single_family | 3 | 2 | 1,999 | $1,300,000 | 2026-08-03 |
| 12801 Old Cutler Rd | single_family | 5 | 6 | 4,906 | $4,110,000 | 2026-08-03 |
| 11100 SW 73rd Ct | single_family | 4 | 2 | 3,669 | $2,400,000 | 2026-07-31 |
| 6920 SW 124th St | single_family | 6 | 8 | 5,926 | $6,500,000 | 2026-07-30 |
| 6201 SW 96th St | single_family | 6 | 6 | 5,922 | $5,780,000 | 2026-07-30 |
| 8200 SW 102nd St | single_family | 3 | 2 | 2,112 | $1,775,000 | 2026-07-30 |
| 7218 SW 102nd St | single_family | 7 | 8 | 6,541 | $6,700,000 | 2026-07-28 |
| 12420 SW 69th Ave | single_family | 3 | 2 | 1,467 | $1,575,000 | 2026-07-28 |
| 8255 SW 134th St | single_family | 4 | 2 | 1,766 | $1,350,000 | 2026-07-28 |
| 8595 SW 128th St | single_family | 4 | 2 | 1,404 | $705,000 | 2026-07-28 |
| 7345 SW 122nd St | single_family | 4 | 3 | 2,348 | $1,777,500 | 2026-07-27 |
| 7750 SW 122nd St | single_family | 6 | 5 | 3,728 | $3,100,000 | 2026-07-27 |
| 7175 SW 117th Ter | single_family | 5 | 4 | 3,448 | $2,155,000 | 2026-07-27 |
| 12110 SW 60th Ct | single_family | 7 | 8 | 8,321 | $5,100,000 | 2026-07-27 |
| 6690 SW 96th St | single_family | 7 | 10 | 10,001 | $14,500,000 | 2026-07-24 |
| 5340 Banyan Dr | single_family | 5 | 5 | 5,690 | $7,281,500 | 2026-07-22 |
| 12070 SW 83rd Pl | single_family | 5 | 5 | 4,212 | $2,270,000 | 2026-07-21 |
| 7440 SW 106th St | single_family | 5 | 3 | 3,748 | $3,250,000 | 2026-07-21 |
| 8900 SW 62nd Ct | single_family | 7 | 8 | 6,851 | $10,000,000 | 2026-07-20 |
| 6601 Chapman Field Dr | single_family | 4 | 3 | 3,678 | $2,700,000 | 2026-07-15 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 6666 SW 96th St | single_family | 10 | 12 | — | $14,999,900 | — |
10-year hold projection
IRR-13.6%
Equity multiple-1.34x
Total return (10yr)-$79,648,949
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $180,250,000 | -$4,704,253 | -$15,502,009 | $138,482,089 | $41,767,911 |
| 2 | $185,657,500 | -$4,821,710 | -$15,619,506 | $136,859,941 | $48,797,559 |
| 3 | $191,227,225 | -$4,942,099 | -$15,739,937 | $135,126,399 | $56,100,826 |
| 4 | $196,964,042 | -$5,065,493 | -$15,863,374 | $133,273,813 | $63,690,229 |
| 5 | $202,872,963 | -$5,191,967 | -$15,989,891 | $131,294,007 | $71,578,956 |
| 6 | $208,959,152 | -$5,321,598 | -$16,119,567 | $129,178,247 | $79,780,905 |
| 7 | $215,227,926 | -$5,454,465 | -$16,252,480 | $126,917,195 | $88,310,732 |
| 8 | $221,684,764 | -$5,590,648 | -$16,388,710 | $124,500,874 | $97,183,891 |
| 9 | $228,335,307 | -$5,730,231 | -$16,528,341 | $121,918,621 | $106,416,686 |
| 10 | $235,185,366 | -$5,873,297 | -$16,671,457 | $119,159,043 | $116,026,323 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.