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55 Merrick Way #707
Coral Gables, FL 33134
Listing courtesy of RE/MAX United Realty (Mariangel Rodriguez). Contact: [email protected].
* CONDO ASSOCIATION DOCUMENTS, RULES, FINANCIALS & BUDGET AVAILABLE * 2 bed/2 bath unit + den converted into a third bedroom with 1,258 liv. sq ft per county property appraiser, 179 sq ft balcony per developer, and a south-facing view to the interior courtyard/pool area. Kitchen with stainless steel appliances; washer, dryer, dishwasher, and microwave; tile & carpet floors; walk-in closet; impact glass. Two (2) assigned covered parking spaces (#4061 & #4062). Maintenance fee of $1,462.51 per month. 2026 R.E. taxes of $10,765.65 per year. Strong condo association financials with reserve income exceeding 15% of the aggregate monthly unit assessments per new Fannie Mae guidelines. Allowed Pets: dogs, cats, fish, and caged domestic birds. Application Fee: $100 for individuals and $150 per married couple with 1-2 week processing time. Leases are for a minimum of six (6) months and no more than one (1) lease per calendar year. Tenant occupied until Feb. 28, 2027 at $3,750.00 per month. Residents of 55 Merrick have access to a wealth of amenities, including a social room, fitness center, swimming pool, spa, billiard room, and 24-hour valet + security. Located in the heart of Coral Gables, just steps away from Miracle Mile, world-class dining, shopping, and entertainment.
- Principal and interest
- $3,787
- Property tax
- $1,091
- Homeowners insurance
- $467
- HOA
- $1,463
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.
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.
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.
Lincoln Park Villas Condo, A Condo was built in 2008, according to the county property appraiser.
If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one is due by December 31, 2038. A local building official may require it at 25 years near salt water.
Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.
Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.
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.