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Slice RealtyPropiedad Futura

$3,000,000

3 bd · 2 ba · 1,760 sq ft · Single Family Residence

421 Luenga Ave, Coral Gables FL 33146

For Sale · Active listing

Est. payment $16,486/mo · Mortgage calculator

Listed by Atlas Realty Miami, LLC. / Rafael Maryahin

Contact: 305-515-5270 (listing contact).

Shown through Slice Realty. Requests from this page reach Slice Realty / Propiedad Futura, not the listing agent.

About this home

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
MLS #
A12092750
Subdivision
C GAB RIVIERA SEC 10
Property type
Residential
Property subtype
Single Family Residence
Sq. ft.
1,760
Price per sq. ft.
$1,705 / sq ft
Year built
1950
Days on market
22
County
Miami-Dade County
Date listed
Sep 21, 2026
Last updated
Oct 13, 2026
Financial considerations
Taxes
$38,779 (2025)
Exterior features
Waterfront
No
View
Garden, Pool
Construction
Concrete Block Construction, CBS Construction
Roof
Barrel Roof
Interior features
Heating
Electric
Cooling
Electric
Appliances
Other Equipment/Appliances
Additional features
First Floor Entry, Garage Apartment
Additional features
Community
Paved Road, Public Road

Mortgage calculator

Includes principal and interest, taxes and insurance.

Rate: Freddie Mac 30-year average (2026-10-22). Estimate only.

Loan amount$2,400,000
Total cost of mortgage$5,935,081
Monthly payment$16,486

Local context (our analysis)

281 homes and condos are listed for sale in Coral Gables, at a median list price of $1,925,000 and $939 per sq ft. This home asks $1,705 per sq ft.

Coral Gables market stats and buildings

Source: Southeast Florida MLS (SEFMLS). Last updated Oct 13, 2026, 12:17 PM ET

Listing data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.