$6,000,000
5600 Oakwood Ln, Coral Gables FL 33156
23 days on market
- Bedrooms
- 4
- Bathrooms
- 3.5
- Living area
- 5,005 sqft
- Price per sqft
- $1,199
- Type
- Single Family Residence
- Year built
- 1979
- Taxes
- $58,606/yr
- MLS #
- A12103490
About this home
Set on a 31,272 SF (0.72-acre) corner lot in the exclusive, gated Banyan Drive neighborhood of Coral Gables, within the Snapper Creek Oaks subdivision and near prestigious Ponce-Davis. An intimate enclave of approximately 50 properties, Banyan Drive is experiencing a significant wave of luxury redevelopment, with 7 newly constructed estates since 2019 and at least 7 additional homes under development. This oversized corner lot, measuring approximately 224' x 141', offers the opportunity to build a custom luxury estate. Conceptual plans by Castillo Architecture & Planning envision a spectacular two-story residence with approximately 11,322 SF A/C and 13,268 SF total area, featuring 6 bedrooms plus staff quarters, home office, gym, home theater, game room, expansive entertaining areas, resort-style pool, and 3-car garage. The existing residence is livable and offers potential rental income while planning future development. Ideally located near South Miami, Coconut Grove, and Pinecrest. Renderings and plans are conceptual only and have not been submitted to or approved by the City of Coral Gables or Miami-Dade County. Buyer must independently verify zoning, development, permitting and approval requirements, as well as the status and transferability of existing permits.
Estimated subtotal
$4,884/mo
- Principal and interestThe current market rate is not available right now. Enter the rate your lender quoted.
- Not included
- Property taxMLS 2025 annual tax, shown monthly
- $4,884
- HOANot in the MLS record
- Not included
The current market rate is not available right now. Enter the rate your lender quoted.
Estimate. Jumbo and investor loans are often priced differently; verify with your lender. Property tax is the seller's current bill and may be reassessed after purchase. Items marked Not included are not in this total.
Is this the right price?
We send written comps, the full cost of owning it and an offer strategy before you tour or offer.
The neighborhood
Coral Gables, 33156
Listing courtesy of BHHS EWM Realty
Listing data provided by the Miami Association of Realtors MLS, deemed reliable but not guaranteed.