+17 more
$288K
Coral Plaza of Miami Cond Unit 1112
3500 Coral Way, Unit 1112 • Miami, FL 33145
About This Unit
Discover the standout one-bedroom residence at 3500 Coral Way-arguably the best 1/1 in the building. This beautifully designed apartment features a spacious open floor plan that maximizes both comfort and functionality, complemented by sleek tile flooring throughout for a clean, modern feel. Enjoy city views that truly set this unit apart, filling the space with natural light and creating a serene atmosphere. The home also includes a designated one-car garage parking space, offering both convenience and peace of mind. Perfectly blending style, location, and value, this is a rare opportunity you won’t want to miss.
Pricing at Coral Plaza of Miami Cond — $485/sqft
At $485/sqft, Coral Plaza of Miami Cond Unit 1112 is priced below the building's typical 1BR — worth a closer look.
Coral Plaza of Miami Cond Unit 1112 vs Active Listings at Coral Plaza of Miami Cond: This condo is -0.0% higher (+$0/more per sqft) than the building's active 1BR median of $485/sqft, based on 3 active 1BRs.
Coral Plaza of Miami Cond Unit 1112 vs Recent Sold Listings at Coral Plaza of Miami Cond: This unit is +6.6% higher (+$30/more per sqft) than recent 1BR sales (median $455/sqft, based on 2 sales over 9 months).
Rank: This unit's $/sqft is higher than 33% of currently-active 1BR units at Coral Plaza of Miami Cond (sample of 3).
Insider Negotiation Strategy: 1BR units at Coral Plaza of Miami Cond typically close at 93.0% of asking. At that ratio, this unit could plausibly trade around $267,898.
Based on live MIAMIRE active & closed listings at Coral Plaza of Miami Cond.
Time on Market — 0 days
Coral Plaza of Miami Cond Unit 1112 is fresh to market — limited negotiating leverage at this stage.
Inventory position: 0th percentile for 1BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$1,564
HOA
$583
Property Tax
$366
Total / mo
$2,513
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.52%.
HOA $0.98/sqft · All-in $4.23/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Coral Plaza of Miami Cond.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 1BR Comps at Coral Plaza of Miami Cond
UnitListSqft$/sqftDOM
#—
—
594
$539
1
#—
—
594
$485
0
#—
—
605
$471
0
Recent Closed 1BR Sales
ClosedUnitSold$/sqftvs List
2025-08-14
#—
$292,000
$439
—
2025-10-15
#—
$290,000
$472
—
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
Insider Notes from Ricky
- Coral Plaza of Miami Cond is a 16-story mid-rise at 3500 Coral Way, Miami, FL 33145, built 2002. Currently 6 active listings on the market, with active asking prices ranging up to $399K.
- Neighborhood: Miami. This building sits within the Miami-Dade luxury condo market -- one of the most active and internationally-oriented condominium markets in the United States.
- Buyer profile here: Diverse buyer mix -- primary residents, second-home owners, international ownership.
- Built 2002 -- recertification trigger in 1 years.
- Value-tier inventory with active asking prices up to $399K.
- At 16 stories, Coral Plaza of Miami Cond is mid-rise scale -- a typical balance of view exposure and intimate community feel.
- Compared anchor: Different Miami sub-areas have very different characters; ask Ricky about the specific block-by-block context for this address.
- Rental rules vary per association in this market -- most Miami-Dade condos require 6 or 12-month minimum leases. Verify per-association before assuming Airbnb potential.
- Pre-offer diligence: Florida SB 4-D structural recertification applies at 25 years (coastal) and 30 years (inland), with mandatory reserve studies for all condo associations.
- Ricky has worked the Miami market for years and can pull HOA documents, recent comps, and reserve study status on any unit you're considering. Text (305) 33-RICKY -- that's (305) 337-4259 -- for a same-week walk-through.
What to Verify
Flood Zone: This unit is in flood zone X. Outside the Special Flood Hazard Area — low-to-moderate risk; insurance optional but recommended.
Building Age: Built in 2002 (24 years old).
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Aug 2020 for $197,500 — held 6 years. They’re now asking $288,000 — +45.8% (+$90,500) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Aug 2020 | $197,500 | arm’s-length |
| Aug 2013 | $140,000 | arm’s-length |
| Oct 2012 | $95,000 | arm’s-length |
| Jan 2003 | $174,000 | arm’s-length |
Source: Miami-Dade Property Appraiser. This unit owns 0.004709% of the building’s common elements. County living area: 594 sqft.
Building: Coral Plaza of Miami Cond
Unit: 1112
Year Built: 2002
Stories: 16
City: Miami
Postal Code: 33145
HOA Fee: $583 / Monthly
View: Skyline
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 0
Listed: April 14, 2026
MLS #: A12000551
Location
Listing courtesy of: Sime Realty Corporation
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A12000551
• Updated Apr 14, 2026
