Mediterranean home in Coral Gables, FL
A Mediterranean home in Coral Gables, FL, it offers 4 bedrooms and 4 bathrooms across 2,834 square feet. Notable features include gated, swimming pool, vaulted / high ceilings, and walk-in closet.
| Price | $2,950,000 |
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| Beds | 4 |
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| Baths | 4 |
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| Sqft | 2834 |
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| Architectural style | Mediterranean (40% match) |
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| Address | 1601 Lugo Ave, Coral Gables, FL 33156 |
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Why buy this home
- Confirmed Mediterranean architecture, matched from the listing photos by Enzo's vision model.
- Features: gated, swimming pool, vaulted / high ceilings, walk-in closet.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced above comparable homes.
- At $3M, this home is 111% above the $1.4M median for 1146 similar Mediterranean homes in Miami, FL.
- That works out to $1041 per square foot, 94% above the $537 comparable rate.
| This home | $2,950,000 |
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| Mediterranean median in Miami, FL | $1,396,500 (1146 homes) |
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| Price per sq ft | $1,041 vs. $537 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $19,491/month with 20% down at a 7.28% 30-year fixed rate. You would need about $835,318 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $16,147/mo |
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| Property tax (new-buyer reassessed rate) | $2,237/mo |
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| Homeowners insurance | $1,106/mo |
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| Total monthly | $19,491/mo |
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| Down payment (20%) | $590,000 |
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| Income needed | $835,318/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B+ (79 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B+ (79/100) |
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| Beats renting in | 45% of modeled paths |
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| Modeled 5-yr equity (median) | $1,936,329 |
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| Range (10th to 90th pct) | $1,260,589 to $2,708,856 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Miami, FL where local data is thin.
Local home values
Typical home values in Miami, FL have risen about 30% over the past 5 years (0% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately