Luxury Home
5
Beds
4
Baths
4,785
SQUARE FEET
Single Family Residence
Type
1982
Built
$600
HOA / mo
Listing courtesy of
Trustee Realty Inc.
Jason Welt
MLS® #A12022575
Listing information last updated May 26, 2026
MiamiCityRealty.com is an agent's best friend. We proudly co-broke and partner with Trustee Realty Inc. — and every agent and broker in Miami — to get the deal done.
Overview
This single family residence in South Miami has 5 bedrooms and 4 bathrooms across 4,785 square feet, and is listed for sale at $5,999,999 (about $1,254 per square foot). Built in 1982.
Located within the prestigious Islands of Cocoplum community in Coral Gables, the waterfront property represents a prime redevelopment opportunity. The existing residence is being offered for land value, providing developers or end users the chance to build a custom estate in one of South Florida’s most exclusive waterfront enclaves. Walking distance to private Clubhouse and amenities (tennis courts, basketball court, volleyball court, fitness center, playground and swimming pool). One time membership fee for new owners of $50,000.00. This sale is in connection with a Bankruptcy sale and is subject to court approval. The property is being sold “As-Is, Where-Is” with no representations, warranties, or guarantees of any kind, whether expressed or implied, by Trustee Realty. Buyers are responsible for conducting their own independent due diligence. Listing is subject to errors and omissions.
Listing history
Listed for sale
May 22, 2026 · MIAMI MLS
$5,999,999
Days on market
as of today
60 days
Building & financials
FROM MIAMI MLSThe carrying-cost and structural facts that close or kill a Miami deal — straight from the listing feed.
HOA / association dues
$600 / mo · $1,800 quarterly
Annual property tax (2025)
$26,466
Association type
Homeowners, Other
Waterfront
Ocean Access, Canal Width 121 Feet Or More, Fixed Bridge(S)
FEMA flood zone
AE
Dues, taxes, and association data per MIAMI MLS and public records; flood zone from FEMA NFHL. Verify with the HOA, county, and your insurer during due diligence.
Property details
MLS #A12022575
Price$5,999,999
Size4,785 Square Feet
Bedrooms5
Bathrooms4
Garage2
Year built1982
TypeSingle Family Residence
StatusFor Sale
HOA$600 / mo
Price / Square Feet$1,254
Flood zoneAE
Features & amenities
First Floor Entry
Has a View
Has Cooling System
Has Garage
Has Heating System
Has Waterfront
Home Owners Association
Open Parking
Other
Other Equipment/Appliances
Location
7244 E Lago Dr, Coral Gables FL 33143
Estimate your payment
$
Est. monthly payment
—
per month
Principal & interest—
Property tax (est.)—
HOA$600
Down (20%)—
Estimate only — not a Loan Estimate, pre-approval, or commitment. Taxes, insurance & HOA vary. Confirm with a licensed lender.
Questions, answered
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List your rental →Listing data © MIAMI MLS · IDX information deemed reliable but not guaranteed · 60 days on market.
We do not advertise a “free” buyer’s agent; buyer-representation compensation is disclosed in writing. Bitcoin pricing is indicative and updates with the market — not financial, tax, or legal advice. Buyer to independently verify all measurements, assessments, and flood & insurance facts.