1202 Granada Blvd
Coral Gables, FL 33134 · single_family · For Sale · 7 days on market
Asking price$2,995,000
5 beds 3 baths 2,855 sqft
Suggested offer$2,782,722$212,278 above the est. market value of $2,782,722.
View on Realtor.com →Listed by Carla Zelhof · Divina Realty, Llc
Typesingle_family
Built1925
Price / sqft$1049
Est. value (own analysis)$2,782,722
Rent estimate (own analysis)$14,800/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-26
Removed date—
MLSMiamiMLS #A12077489
Coordinates25.76052, -80.27570
Address1202 Granada Blvd
CityCoral Gables
StateFL
Zip33134
Listing ID5630232027
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33134)
Typical home value (ZHVI)$887,965
Typical rent (ZORI)$3,095/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 | $2,995,000 |
| Down payment (20.0%) | $599,000 |
| Loan amount | $2,396,000 |
| Closing costs (5.0%) | $149,750 |
| Total cash to close | $748,750 |
| Income | |
| Rent (comp-derived) | $14,800$177,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $13,616$163,392 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,742$56,905 |
| Insurance (est. scaled by flood & wind risk) | $3,195$38,336 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $740$8,880 |
| Total operating expenses | $8,677$104,121 |
| 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) | $740$8,880 |
| 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
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 4 | 3,224 | $14,800 | 2026-08-24 | — | |
| single_family | 5 | 4 | 3,757 | $20,000 | 2026-06-28 | — | |
| single_family | 5 | 4 | 2,908 | $12,900 | 2026-03-31 | — |
Same ZIP & bedroom count. 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 |
|---|---|---|---|---|---|---|
| 935 Escobar Ave | single_family | 5 | 3 | 2,926 | $3,060,000 | 2026-07-21 |
| 2011 Country Club Prado | single_family | 5 | 2 | 4,500 | $2,200,000 | 2026-07-15 |
| 2910 Granada Blvd | single_family | 5 | 4 | 3,950 | $3,850,000 | 2026-06-10 |
| 2915 Alhambra Cir | single_family | 5 | 4 | 3,739 | $5,250,000 | 2026-05-26 |
| 4231 SW 11th St | single_family | 5 | 6 | 3,892 | $2,900,000 | 2026-05-22 |
| 1257 Mariola Ct | single_family | 5 | 3 | 6,089 | $7,600,000 | 2026-05-15 |
| 3919 Granada Blvd | single_family | 5 | 5 | 4,040 | $3,895,000 | 2026-04-28 |
| 916 Catalonia Ave | single_family | 5 | 5 | 5,664 | $5,475,000 | 2026-04-20 |
| 1311 Alhambra Cir | single_family | 5 | 5 | 5,090 | $5,500,000 | 2026-03-06 |
| 638 Escobar Ave | single_family | 5 | 5 | 3,440 | $3,650,000 | 2026-03-04 |
| 1820 Ferdinand St | single_family | 5 | 4 | 3,132 | $2,400,000 | 2026-02-09 |
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 |
|---|---|---|---|---|---|---|
| 619 SW 39th Ave | single_family | 5 | 4 | 2,115 | $749,999 | — |
| 3969 SW 2nd St | single_family | 5 | 4 | 2,700 | $799,999 | — |
| 650 SW 44th Ct | multi_family | 5 | 4 | 2,073 | $1,600,000 | — |
| 5152 SW 6th St | single_family | 5 | 4 | 1,765 | $1,085,000 | — |
| 1140 Asturia Ave | single_family | 5 | 5 | 3,386 | $4,200,000 | — |
| 730 Zamora Ave | single_family | 5 | 6 | 4,299 | $5,700,000 | — |
| 1301 Milan Ave Apt 3 | condo_townhome_rowhome_coop | 5 | 5 | 483 | $3,200,000 | — |
| 1704 S Le Jeune Rd | multi_family | 5 | 4 | 2,183 | $1,295,000 | — |
10-year hold projection
IRR-2.0%
Equity multiple0.67x
Total return (10yr)$146,140
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,084,850 | $59,271 | -$134,377 | $2,370,022 | $714,828 |
| 2 | $3,177,396 | $61,570 | -$132,300 | $2,342,260 | $835,135 |
| 3 | $3,272,717 | $63,950 | -$130,147 | $2,312,592 | $960,126 |
| 4 | $3,370,899 | $66,416 | -$127,915 | $2,280,886 | $1,090,013 |
| 5 | $3,472,026 | $68,969 | -$125,601 | $2,247,003 | $1,225,023 |
| 6 | $3,576,187 | $71,613 | -$123,202 | $2,210,793 | $1,365,393 |
| 7 | $3,683,472 | $74,350 | -$120,716 | $2,172,097 | $1,511,375 |
| 8 | $3,793,976 | $77,184 | -$118,139 | $2,130,744 | $1,663,233 |
| 9 | $3,907,796 | $80,119 | -$115,469 | $2,086,550 | $1,821,245 |
| 10 | $4,025,030 | $83,157 | -$112,701 | $2,039,322 | $1,985,708 |
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.