Home » Properties » 431 Costanera Rd, Coral Gables FL 33143

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Elegant Waterfront Estate in Coral Gables’ Prestigious Cocoplum

Stunning 7-bedroom waterfront home in the Islands of Cocoplum offers spacious luxury living with premier amenities and private dock access.

$11,500,000

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MLS #A11582877

Listing Updated: 2026-07-12 00:34:07

Listed By: One Sotheby's International Realty

Overview

Nestled at the end of a quiet cul-de-sac in Coral Gables’ exclusive Islands of Cocoplum, this exquisite 7-bedroom, 6-bath estate spans 9,640 square feet. Designed by a prominent Miami architect, it boasts expansive rooms with soaring ceilings, lush palm tree landscaping, and seamless indoor-outdoor living spaces. The property features a private dock, ideal for boat lovers, plus a two-car oversized garage with ample storage. Residents enjoy access to a refreshed clubhouse, lap pool, playground, tennis and basketball courts, and a pro beach volleyball court, surrounded by 24-hour security patrols. This home is perfectly suited for those seeking privacy without sacrificing access to Coral Gables’ vibrant lifestyle. It invites family gatherings and relaxed entertaining, with a spectacular poolside barbecue area overlooking the water, making it a sophisticated sanctuary on Florida’s prestigious waterfront.

Property Highlights

Waterfront estate in Islands of Cocoplum, Coral Gables. Spacious 7 bedrooms, 6 bathrooms. 9,640 sqft with high ceilings. Private dock and oversized 2-car garage. Lush tropical landscaping with 20–30 foot palms. Exclusive community amenities include a lap pool, tennis, basketball, volleyball, and playground. 24-hour security and a renovated clubhouse enhance the lifestyle. Quiet cul-de-sac location offers privacy and charm.

Property Details

City: Coral Gables

State: FL

Zip Code: 33143

Address: 431 Costanera Rd, Coral Gables FL 33143

Year Built: 1992

Property Type: Residential

Property Sub Type: Single Family Residence

Listing Office Name: One Sotheby's International Realty

County: Miami-Dade County

Garage Spaces: 2

Parking Features: Circular Driveway, Driveway

Interior Features: Built-in Features, Other

Exterior Features: Other

Waterfront: Yes

Pool: No

HOA Fee: $1,500

Annual Tax: $96,183

Days On Market: 712 Days

Original Listing Description

Welcome to a luxurious oasis located on the water in sought after Islands of Cocoplum in Coral Gables. This beautiful home was built by a prominent Miami Architect on a quiet street at the end of a beautiful cul-de-sac. Great floorplan, high ceilings and generous sized bedrooms. This property has lush greenery and 20-foot to 30-foot palm trees. It is incredible for welcoming family and friends. Have a spectacular barbecue by the pool and dock your gorgeous boat right on the canal. This unique home is 9640 sq ft under air and includes a 2-car oversized garage with plenty of storage space. Enjoy 24 hour roaming security patrol, newly renovated clubhouse w/60 ft. lap pool, playground, gym, 8 clay tennis courts, newly renovated basketball courts, pro beach volleyball court

Property Location

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

431 Costanera Rd, Coral Gables FL 33143

About This Neighborhood

Situated in the prestigious Islands of Cocoplum, this home enjoys an exclusive Coral Gables neighborhood lifestyle. The quiet cul-de-sac setting contributes to a serene environment surrounded by lush tropical landscaping and water views. Residents here benefit from a close-knit community with private amenities including tennis courts, a basketball court, and a clubhouse recently renovated to offer modern conveniences. The area's blend of tranquility and luxury living appeals to discerning buyers seeking privacy yet proximity to Coral Gables’ vibrant dining, shopping, and cultural options. It embodies a peaceful waterfront retreat within a sought-after Miami enclave.

Walkability & Lifestyle

While nestled within a tranquil gated setting, this home remains within easy reach of Coral Gables’ walkable village area, known for its charming shops, cafes, and art galleries. Residents can indulge in casual strolls to nearby restaurants and enjoy quick access to grocery stores and cultural venues. Outdoor enthusiasts will appreciate proximity to the waterfront and parks that invite leisurely walks, jogging, or paddle sports. The combination of urban conveniences and connection to nature offers a balanced, walkable lifestyle.

Things To Do Nearby

Living here means enjoying Coral Gables’ signature blend of waterfront leisure and active recreation. Nearby marinas facilitate boating and fishing adventures, while communal amenities include tennis, basketball, and beach volleyball courts to keep fitness routines varied and engaging. Golf courses and scenic parks are just a short drive away for more outdoor pursuits. For dining and entertainment, Coral Gables’ vibrant downtown offers upscale eateries, lively nightlife, and cultural events, making it easy for residents to find quality experiences close to home.

Nearby Schools

Families choosing this Coral Gables address enjoy convenient access to several well-regarded public and private schools in the area. The community’s residential calm supports a family-friendly environment with easy commutes to nearby education centers. Being part of a prestigious neighborhood often aligns with students attending schools known for strong academic programs. Parents benefit from schools that emphasize both academic excellence and extracurricular activities, enhancing the overall family lifestyle in this coastal Miami setting.

Why Buyers Like This Area

Buyers are drawn to this property for its rare combination of expansive indoor space and picturesque waterfront setting within a secure, gated enclave. The thoughtful architectural design ensures both grand entertaining spaces and comfortable private quarters, appealing to families and those who love to host. The community’s amenities, privacy, and lush tropical surroundings create a serene yet vibrant lifestyle not commonly found so close to Miami’s urban core. Its unique features cater to discerning buyers seeking an exceptional Coral Gables home.

Investment Potential

This waterfront home in Coral Gables offers strong appeal for seasonal rentals and upscale short-term stays, thanks to its prime location in the Islands of Cocoplum. The neighborhood’s demand from boating enthusiasts and luxury travelers makes it an attractive option for those exploring rental opportunities. With spacious living areas and amenities, it suits families and groups seeking high-end accommodations near Miami’s top attractions. The private dock and extensive recreational facilities enhance its desirability, contributing to consistent renter interest during peak seasons. While cautious consideration of market dynamics is important, properties like this often attract premium rental clientele drawn to Coral Gables’ sophistication and waterfront lifestyle.

Market Trends

Coral Gables continues to see demand for waterfront single-family homes, especially in gated communities like the Islands of Cocoplum. The area’s reputation for privacy, security, and premium amenities supports sustained buyer interest. Homes with private docks and large living spaces remain particularly desirable among luxury buyers. Market trends reflect a steady appreciation in values for properties offering lifestyle enhancements such as access to recreational courts and pools. Buyers are attracted to the balance of exclusive living and ease of access to Miami’s urban offerings.

Rental Income Potential

This expansive waterfront residence holds promise for rental opportunities given its desirable location in Coral Gables’ luxury enclave. The private dock and access to community amenities attract guests looking for upscale seasonal rentals or special occasion stays. The neighborhood experiences consistent demand for short-term rentals, particularly from visitors wanting proximity to Miami’s attractions combined with private waterfront living. While rental income varies with market conditions, this property’s features and setting underscore its potential appeal for generating seasonal rental interest in an affluent market.