Atlantic Luxury AdvisorsKeller Williams Realty Services
Under contract. Ask us to watch it: if it comes back on the market, you hear first.

38 photos

132 Paloma Dr

Coral Gables, FL 33143

$16,500,000
5
6
6,338 sq ft
17,730 sq ft
2016
Single Family Residence
$600/mo
Yes
141
Active Under Contract

Listing courtesy of Coldwell Banker Realty. Contact: [email protected].

About this home

Situated within the exclusive guard-gated Cocoplum community, this striking waterfront contemporary estate by Choeff Levy Architecture offers 7,914 total SF on a 17,730 SF lot with approximately 100 feet of deep-water canal frontage and direct bay access. The 5-bedroom, 6-bath residence is defined by soaring double-height spaces, floor-to-ceiling impact glass, Venetian plaster walls, custom millwork, limestone floors, and seamless indoor-outdoor living. A dramatic floating entry over reflecting pools with sheer descent waterfalls leads to expansive social areas that open completely to the resort-style backyard through retractable glass walls. The chef's kitchen features an oversized porcelain island, custom cabinetry, and premium Gaggenau, Miele, and Sub-Zero appliances. The luxurious primary suite offers a private balcony, spa-inspired bath with freestanding soaking tub, oversized closets, and Sub-Zero refrigerator drawer. Additional highlights include a finished basement with office, gym, lounge, and home theater; elevator; Control4 smart home automation; Sonos audio throughout; whole-house generator with buried propane tank; and reverse osmosis water filtration. Outdoor amenities include a heated black-bottom edgeless pool with integrated spa, FireMagic summer kitchen, covered dining terraces, lush tropical landscaping, and a dock accommodating vessels up to 70 feet. Recent 2024–2025 updates include refreshed landscaping, redesigned pool deck, and updated guest suite.

Virtual tour
What it costs to own
Estimated monthly payment
$119,710/mo
Principal and interest
$83,433
Property tax
$25,360
Homeowners insurance
$10,317
HOA
$600

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$304,315/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.

HOA
$600/mo (from the listing)
FEMA flood zone
Lookup unavailable. Check the FEMA map
Hurricane evacuation zone
Lookup unavailable. Know your zone

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location
Location from the listing's MLS coordinatesMap data © OpenStreetMap contributors

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.