David Ramirez
$35,000,000$38,000,0006 bd8 ba7,237 sqft$4,836 /sqft$216,910 /mo all-in ↓

550 Marquesa Dr, Coral Gables FL 33156, CORAL GABLES, FL, 33156

Active170 days on marketListed Feb 26, 2026MLS #A11967109

Reduced $3.0MWaterfrontSingle Family ResidenceOLD CUTLER BAY SEC 4-A

About this home

550 Marquesa Dr, Coral Gables FL 33156

Elegant Coastal Mediterranean-inspired waterfront estate within the exclusive, guard-gated enclave of Old Cutler Bay in Coral Gables. Set on a 20,300 SF lot with 140 ft on a wide canal and direct, bridge-free access to Biscayne Bay, this 11,589 total SF, 6-bedroom, 7-full and 2-half bath residence is designed to feel open, airy, and truly expansive. Multiple oversized covered terraces and upper-level balconies span the façade, creating various outdoor living and dining areas ideal for grand-scale entertaining or intimate gatherings. Framed by manicured grounds, coral stone accents, and a gracious entry with koi pond, the home seamlessly blurs the line between indoors and out. The resort-caliber exterior showcases an infinity-edge saltwater pool with Baja ledge and fountain bubblers, a coral stone deck, and a fully equipped summer kitchen. An 80-foot private dock further enhances the waterfront lifestyle. Inside, a dramatic entry with soaring vertical scale and exposed beams introduces light-filled interiors finished with limestone and wood floors, custom millwork, illuminated wine cellar, elevator, and integrated smart home technology. The bespoke chef’s kitchen features custom cabinetry, a striking Blue Agate island, and premium Wolf and Sub-Zero appliances. The tranquil primary suite offers vaulted shiplap ceilings, private canal-view terraces, a spa-inspired marble bath, and couture-style dressing room—an exceptional blend of scale, comfort, and timeless waterfront luxury.

Facts & features

The home at a glance

6

Bedrooms

8

Bathrooms

7,237

Sqft

1

Garage

2019

Year built

$4,836

Per sqft

WaterfrontFireplaceCanal & Pool & Water view

Inside

FlooringOther · Wood
AppliancesTrash Compactor · Dishwasher · Disposal · Dryer · Microwave · Other Equipment/Appliances · Water Purifier · Gas Range · Refrigerator · Wall Oven · Washer
InteriorFirst Floor Entry · Built-in Features · Closet Cabinetry · Elevator · Volume Ceilings · Walk-In Closet(s) · Wet Bar · Family Room · Maid/In-Law Quarters · Other · Utility Room/Laundry
LaundryUtility Room/Laundry
CoolingCentral Air · Electric
HeatingCentral · Electric

Outside & construction

RoofFlat Tile
ConstructionConcrete Block Construction · Other
ViewCanal · Pool · Water
FacesNorth
ParkingDriveway · Guest
ExteriorBuilt-In Grill · Open Balcony

Community & fees

HOA fee$125/mo
Taxes (2024)$175,695/yr
CommunityGated Community · Other · Voluntary Hoa

Utilities & systems

WaterMunicipal Water

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.

$216,910 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$188,858
PMI (est., until 20% equity)$13,125
Property tax — 2024 actual bill$14,641
HOA fee — from the listing$125
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $3,500,000Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

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

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $3,500,000
Interest rate6.00%
Loan term

Estimated payment

$216,910/mo

Principal & interest$188,858
PMI (est., until 20% equity)$13,125
Property taxes (actual bill)$14,641
HOA / condo fee$125
Est. insurance$160

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

$4,836 vs $1,006

Days on market

170 vs 67 typical

Where $4,836/sqft sits among the 279 Coral Gables actives

177
74
16
10
0
2 · this home
$442–1174$1174–1907$1907–2639$2639–3371$3371–4104$4104+

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 Old Cutler

Map of 550 Marquesa Dr, Coral Gables FL 33156 inside its neighborhood boundary

Get to know Coral Gables. See the full Coral Gables guide →

Old Cutler — neighborhood snapshot

Population

510

Median age

34

Median income

$213,091

Median home value

$1,687,500

Avg household

3

Households w/ children

22%

For the school run

Dade County School District

ElementarySunset Elementary School★★★★★
MiddlePonce De Leon Middle School★★★★★
HighCoral Gables Senior High School★★★★★
Instructional Center System Wide
District Instructional Center (Dic)
Title I Migrant Education Program

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Coral Gables market

Seller’s marketLeans buyer11.8 months of inventoryBuyer’s 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 7366% above the CORAL GABLES 33156 median. See the full Coral Gables market guide →

Paper trail

This home's history

CurrentPrice reduced to $35,000,000 $3.0M
Feb 26, 2026Listed at $38,000,000 · 170 days on market since
2019Built · OLD CUTLER BAY SEC 4-A

Reality check

What actually sold near 550 Marquesa Dr

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

3 Tahiti Beach Island Rd, Coral Gables FL 33143Sold · Oct ’25

$11,700,000

3 Tahiti Beach Island Rd, Coral Gables FL 33143

6 bd · 6 ba · 7,057 sqft · $1,658/sqft · 42 DOM

4820 SW 86th Ter, Miami FL 33143Sold · Oct ’25

$15,660,000

4820 SW 86th Ter, Miami FL 33143

5 bd · 6 ba · 7,464 sqft · $2,098/sqft · 48 DOM

5286 SW 80 Street, Miami FL 33143Sold · Nov ’25

$9,650,000

5286 SW 80 Street, Miami FL 33143

7 bd · 8.5 ba · 7,512 sqft · $1,285/sqft · 690 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.

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 550 Marquesa Dr — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 550 Marquesa Dr — before you fall in love.

See it in person

Schedule a tour

Pick a day that works — this goes straight to David's phone and CRM.

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Straight answers

550 Marquesa Dr FAQs

What would the monthly payment be for 550 Marquesa Dr, Coral Gables FL 33156?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $216,910/mo — principal and interest, the actual property-tax bill, the $125/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 550 Marquesa Dr, Coral Gables FL 33156?+

The association fee works out to $125 per month. Ask us for the full association documents — they spell out exactly what the fee covers.

What are the property taxes on 550 Marquesa Dr, Coral Gables FL 33156?+

The most recent tax bill on record (2024) was $175,695. 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 $35,000,000, this home is listed about 1456% 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 550 Marquesa Dr, Coral Gables FL 33156?+

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

Five things that matter here

01Positioned at the premium end

$35,000,000 runs 7366% above the CORAL GABLES 33156 median — but at 7,237 sqft it's also nearly 3 times 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.

03Time on market is leverage

170 days on market against a Coral Gables median of 67 — sellers in this position are usually ready to negotiate.

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.

05The price has already moved

Listed at $38,000,000, now $35,000,000 — a $3.0M cut. The full history is in the market section below.

Listing courtesy of Coldwell Banker Realty · Judith Zeder. MLS #A11967109.

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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