Home » Properties » 36 Phoenetia Ave, Coral Gables FL 33134

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36 Phoenetia Ave: Spanish-Style Income Property in Coral Gables

Rare opportunity to own Casa Coral, a 6-unit Spanish villa with STR permit in Coral Gables, offering stable income and boutique hospitality.

$2,650,000

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MLS #A11857777

Listing Updated: 2026-07-12 00:32:36

Listed By: United Realty Group Inc

Overview

Located in the prestigious Coral Gables neighborhood, 36 Phoenetia Ave presents a unique investment opportunity with Casa Coral, a fully operational 6-unit boutique property. Built in 1926, this Spanish-style villa combines classic architecture with modern amenities, including private guest suites with individual A/C, full bathrooms, and kitchenettes. The property operates under a conditional use permit for short-term rentals (STR) as a Bed & Breakfast, attracting leisure, business, and medical travelers. With a proven track record of steady bookings and repeat guests, this residence offers a blend of character, stability, and potential for future growth. Its prime location enhances its appeal for investors and hospitality operators seeking a distinctive footprint in Coral Gables.

Property Highlights

6 private guest suites, Spanish-style architecture, STR permit for Bed & Breakfast, fully operational boutique property, stable income history, prime Coral Gables location.

Property Details

City: Coral Gables

State: FL

Zip Code: 33134

Address: 36 Phoenetia Ave, Coral Gables FL 33134

Year Built: 1926

Property Type: Residential Income

Property Sub Type: Income/MultiFamily

Listing Office Name: United Realty Group Inc

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features: Open Balcony

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $28,548

Days On Market: 297 Days

Original Listing Description

Rare Investment Opportunity, Welcome to Casa Coral, the only legal STR in Coral Gables with a conditional use permit for Bed & Breakfast. An exceptional opportunity to acquire a beautifully maintained Spanish-style Villa in the heart of prestigious Coral Gables. 36 Phoenetia is a charming & fully operational 6 unit boutique property that offers investors, owner operators, STR operators, or Hospitality groups seeking a unique footprint in the Gables a rare combination of character, stability & upside potential. Operating successfully for the past 4 years, the property has built a strong reputation w consistent repeat travelers & steady bookings, delivering a reliable income stream w a loyal customer base. The property features 6 Private Guest Suites w individual split unit A/C systems, separate water heaters, private full bathrooms & kitchenettes. The authentic Spanish Architecture brings a classic Coral Gables charm & the Boutique hospitality experience has that quaint, cozy "home-away-from-home atmosphere ideal for leisure travelers, medical visitors, business travelers & extended stays. With its welcoming residential feel, prime location & consistent operating history, this property presents a compelling blend of lifestyle, warm ambiance, equity value gains & income-producing real estate. Call today to negotiate this one of a kind gem.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

36 Phoenetia Ave, Coral Gables FL 33134

About This Neighborhood

Coral Gables is renowned for its Mediterranean Revival architecture, tree-lined streets, and upscale residential character. The neighborhood offers a blend of cultural attractions, dining, and boutique shopping within close proximity. Residents and visitors enjoy a quiet yet vibrant atmosphere, with easy access to Miami’s urban core. This area is favored by those seeking a refined lifestyle with convenient access to beaches, parks, and entertainment venues, making it a desirable location for both living and investment.

Walkability & Lifestyle

The area surrounding 36 Phoenetia Ave is highly walkable, with nearby restaurants, cafes, and boutique shops within easy reach. Residents and guests can enjoy leisurely strolls to local parks and cultural venues, enhancing daily convenience. The neighborhood’s design encourages pedestrian activity, with tree-lined streets and accessible sidewalks. Proximity to waterfront areas and recreational spaces adds to the quality of life, supporting an active and engaging lifestyle.

Things To Do Nearby

Coral Gables offers a variety of leisure and cultural activities, including dining at acclaimed restaurants, visiting art galleries, and enjoying waterfront parks. Golf enthusiasts can access nearby courses, while boating and marina facilities are available for water recreation. The neighborhood’s vibrant social scene features theaters, live music venues, and seasonal events. Outdoor enthusiasts appreciate the green spaces and walking trails, making it a well-rounded destination for residents and visitors alike.

Nearby Schools

Coral Gables offers access to reputable public and private schools within convenient distances. Families and residents benefit from educational institutions known for quality programs and community involvement. The neighborhood’s residential nature supports a family-friendly environment, making it suitable for those prioritizing education alongside lifestyle amenities. School options in the area contribute to the overall appeal for buyers considering long-term residency or rental tenants with families.

Why Buyers Like This Area

Buyers are drawn to 36 Phoenetia Ave for its unique combination of historic charm and operational income potential. The property’s location in Coral Gables provides access to upscale amenities, cultural attractions, and a strong community atmosphere. Its legal status as a short-term rental with a Bed & Breakfast permit offers flexibility for investors and operators. The boutique nature of the property appeals to those seeking a distinctive hospitality experience in a prime Florida neighborhood.

Investment Potential

36 Phoenetia Ave offers a rare investment opportunity in Coral Gables with its legal short-term rental permit and established operation. The property’s six private suites appeal to a broad range of tenants, including leisure and business travelers, contributing to steady occupancy. Its location in a sought-after neighborhood supports consistent demand, making it attractive for investors seeking a distinctive hospitality asset. The property’s blend of classic architecture and modern amenities enhances its marketability and long-term value potential.

Market Trends

The Coral Gables real estate market remains strong, driven by limited inventory and high demand for unique properties. Boutique income properties like 36 Phoenetia Ave attract buyers looking for stable, income-producing assets with character. The area’s prestige and consistent interest from both local and international buyers support a competitive market environment. Long-term interest in well-maintained historic homes contributes to steady appreciation trends in this community.

Rental Income Potential

Casa Coral’s operation as a legal short-term rental with a Bed & Breakfast permit allows for flexible rental strategies. The property’s six suites, each with private amenities, cater to a variety of guests, including tourists and business travelers. Its location in Coral Gables supports year-round demand, with repeat visitors contributing to consistent bookings. While rental income can vary seasonally, the property’s established reputation and operational history provide a solid foundation for ongoing tenant interest.