7244 E Lago Dr, Coral Gables FL 33143, CORAL GABLES, FL, 33143
Active77 days on marketListed May 22, 2026MLS #A12022575
About this home
7244 E Lago Dr, Coral Gables FL 33143
Located within the prestigious Islands of Cocoplum community in Coral Gables, the waterfront property represents a prime redevelopment opportunity. The existing residence is being offered for land value, providing developers or end users the chance to build a custom estate in one of South Florida’s most exclusive waterfront enclaves. Walking distance to private Clubhouse and amenities (tennis courts, basketball court, volleyball court, fitness center, playground and swimming pool). One time membership fee for new owners of $50,000.00. This sale is in connection with a Bankruptcy sale and is subject to court approval. The property is being sold “As-Is, Where-Is” with no representations, warranties, or guarantees of any kind, whether expressed or implied, by Trustee Realty. Buyers are responsible for conducting their own independent due diligence. Listing is subject to errors and omissions.
Facts & features
The home at a glance
5
Bedrooms
4
Bathrooms
4,785
Sqft
2
Garage
1982
Year built
$1,254
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$37,591 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$37,591/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Coral Gables actives
$1,254 vs $1,006
Days on market
77 vs 67 typical
Where $1,254/sqft sits among the 279 Coral Gables actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Cocoplum
Get to know Coral Gables. See the full Coral Gables guide →
Cocoplum — neighborhood snapshot
Population
882
Median age
49
Median income
$221,892
Median home value
$2,000,000
Avg household
3
Households w/ children
160
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Coral Gables market
$1.6M → $1.3M
Coral Gables median sold, yr/yr
96.2%
Sale-to-list ratio (12 mo)
25 of 279
Coral Gables actives have cut their price
This home is listed 3280% above the CORAL GABLES 33143 median. See the full Coral Gables market guide →
Paper trail
This home's history
Reality check
What actually sold near 7244 E Lago Dr
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$7,800,000
7120 Mira Flores Ave, Coral Gables FL 33143 · same community
5 bd · 6.5 ba · 5,176 sqft · $1,507/sqft · 47 DOM
Sold · Sep ’25$5,800,000
7180 E Lago Dr, Coral Gables FL 33143 · same community
4 bd · 4 ba · 5,818 sqft · $997/sqft · 28 DOM
Sold · Jun ’26$6,850,000
7180 E Lago Dr, Coral Gables FL 33143 · same community
4 bd · 4 ba · 5,818 sqft · $1,177/sqft · 2 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Steeve Cadeau
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 7244 E Lago Dr — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 7244 E Lago Dr — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Steeve's phone and CRM.
Straight answers
7244 E Lago Dr FAQs
What would the monthly payment be for 7244 E Lago Dr, Coral Gables FL 33143?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $37,591/mo — principal and interest, the actual property-tax bill, the $600/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 7244 E Lago Dr, Coral Gables FL 33143?+
The association fee works out to $600 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 7244 E Lago Dr, Coral Gables FL 33143?+
The most recent tax bill on record (2025) was $26,466. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Coral Gables?+
At $5,999,999, this home is listed about 167% above the Coral Gables median of $2,250,000. The market section on this page shows how the area is trending.
Which schools are assigned to 7244 E Lago Dr, Coral Gables FL 33143?+
Sunset Elementary School (elementary), Ponce De Leon Middle School (middle), Coral Gables Senior High School (high), Instructional Center System Wide (), District Instructional Center (Dic) (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$5,999,999 runs 3280% above the CORAL GABLES 33143 median — but at 4,785 sqft it's also nearly twice the size of the typical Coral Gables listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Know the monthly fee
The association fee is $600/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Strong assigned schools
Sunset Elementary School, Ponce De Leon Middle School, Coral Gables Senior High School, Instructional Center System Wide, District Instructional Center (Dic), Title I Migrant Education Program — Sunset Elementary School rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of Trustee Realty Inc. · Jason Welt. MLS #A12022575.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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