Santa Clara Apartments represents a rare opportunity to acquire a well-located multifamily asset in the heart of Coconut Grove, one of Miami’s most affluent and high-performing neighborhoods. Positioned directly on South Dixie Highway (U.S. 1), the property offers exceptional visibility and connectivity to Brickell, Downtown Miami, Coral Gables, and major east–west arteries such as Bird Road and the Palmetto Expressway. This strategic location places residents within minutes of premier lifestyle destinations including CocoWalk, Merrick Park, Vizcaya Museum & Gardens, and the University of Miami, while providing seamless access to Douglas Road and Coconut Grove Metrorail stations.
The asset comprises 20 spacious one-bedroom units averaging 644 SF, with strong in-place operations and clear value-add potential. Current rents trail submarket averages, creating an opportunity to implement renovations and repositioning strategies to capture premium rates. Coconut Grove’s fundamentals—94% occupancy, limited new supply, and high-income demographics—support long-term rent growth and stability. With zoning flexibility under T5-O, investors can explore redevelopment options or maintain the property as a cash-flowing asset in a high-barrier market. This offering combines near-term upside with enduring land value, making it an ideal addition for investors seeking scale and resilience in Miami-Dade County