Prime, Shovel-Ready Boutique Condo Development | 719 Biltmore Way | Coral Gables

Описание: Exceptional opportunity to acquire a fully shovel-ready, Class A boutique condominium development site in the heart of Coral Gables, just steps from the historic Biltmore Hotel. Positioned along prestigious Biltmore Way, this 12,000 SF (100’ x 120’) MF4-zoned parcel is approved for a 12-story, 157-foot luxury residential tower designed for maximum exclusivity and privacy.

Each residence is designed with private elevator foyer access, 9’6”–11’6” ceiling heights, floor-to-ceiling impact glass, and five separate private outdoor spaces connected to living and bedroom areas. Interiors are specified with top-tier finishes including Wolf® dual-fuel gas ranges and appliances, Sub-Zero® refrigeration and wine storage, Cove® dishwashers, imported Italian cabinetry, spa-inspired bathrooms with dual rainfall showers, and expansive kitchen islands.

Location Advantages:

Walkable to the dining and retail corridor of Miracle Mile and minutes from the Shops at Merrick Park. Immediate proximity to the Miami International Airport, major employment centers, and premier institutions such as the University of Miami enhances long-term demand fundamentals.

Coral Gables remains one of the most supply-constrained and architecturally protected municipalities in South Florida, creating a high barrier to entry for new development. With approvals in place and luxury specifications defined, this offering significantly reduces entitlement risk and accelerates the path to vertical construction.

A rare opportunity to deliver an ultra-luxury, privacy-driven product in one of Miami’s most prestigious residential corridors.

Investment highlights
Approved Project Overview:

9 full-floor luxury residences (one unit per floor)

Average unit size: ~4,200 GSF

Select floors (3 & 4): 3,539 SF interior + expansive terraces (~4,250 total SF)

Floors 5–11: ~3,911 SF per residence

Total enclosed area: 46,479 SF

Total gross floor area: 57,883 SF

Folio: 03-4117-008-0160

Rooftop & Lifestyle Amenities:

Rooftop relaxation pool (approx. 330 SF water feature)

260 SF fitness center

Over 4,200 SF of indoor/outdoor rooftop amenity space

Business/study lounge

24/7 concierge service


Market Fundamentals:

Miami-Dade occupancy: ~95%+

Coral Gables/South Miami submarket average rent: $2,855/month

Submarket rent premium: 16%+ above county average

Strong historical absorption and limited luxury boutique supply