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7040 Coral Way 501, Miami, FL 33155

$315,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,060 Status: Active Under Contract
Current Price: $315,000 List Date: 4/20/2026 Last Modified: 9/25/2026

Overview

Description

Picture yourself sipping your morning coffee high above the city, then ending the day with spectacular Miami sunsets from your private penthouse balcony. This beautiful 2-bedroom, 2-bath residence combines modern finishes, stunning views, and the effortless South Florida lifestyle buyers dream about. Porcelain floors Large private balcony Pool and city views Gated community 2 parking spaces + guest parking Low HOA fees Some photos have been virtually staged to showcase the home's full potential. Penthouse living is calling. Bonus*** The seller is contributing 5 K to the buyer towards the appliances!- 20% needed for down payment.

Supplements: 20% is needed for the down payment.

Listing Details MLS# F10540122

General Property Information

Unit Floor #
5
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Source
Public Records
Living Area Main
1060
Living Area Source
Public Records
Accessibility Features YN
Yes
Year Built
1984
Garage YN
Yes
Garage Spaces
2
Covered Spaces
2
Gated Community YN
Yes
Senior Community YN
No
Land Lease YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
5
Stories
Yes
Direction Faces
North
LP/Assessed Value
1.37

Property Features

Accessibility Features: Accessible Bedroom; Accessible Closets; Accessible Common Area; Accessible Doors; Accessible Entrance; Accessible Full Bath Application Information: 3-4 Weeks Approval Association Fee Includes: Maintenance Grounds; Maintenance Structure; Pool Service; Trash; Water Exterior Features: Tennis Court(s) Flooring: Ceramic Tile; Tile Parking Features: Asphalt; Assigned; Garage Door Opener; Guest; Loading Space(s); Detached Garage; Garage Property Condition: Resale; Updated/Remodeled Special Listing Conditions: Standard Appliances: Electric Range; Microwave; Refrigerator; Water Heater Water Heater Details: Electric Water Heater Construction Materials: Block; Brick; CBS; Concrete Block - No Stucco Cooling: Central Air Association Type: Condominium Heating: Central Interior Features: Bedroom Layout - Split; Walk-In Closet(s); Other Laundry Features: Washer Hookup Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Breed Restrictions Possession: Close Of Escrow; Negotiable Restrictions: Buyer Approval Required; Other Restrictions Roof: Other Security Features: Key Card Entry; Other Sewer: Public Sewer Structure Type: Multi Family Tax Information: Homestead Exemption Unit Description: Interior Hallway Utilities: Water Available View: Garden; Pool; Tennis Water Access: None Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Showing Service Outdoor Living Spaces: Balcony; Porch Balcony Details: Balcony - Wrap Around Porch Details: Porch - Wrap Around Contingencies: None Room Types: Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
325500
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
7040
Street Name
Coral
Street Suffix
Way
Unit Number
501
City Name
Miami
Municipal Code
30
State Or Province
FL
Postal Code
33155
Postal Code +4
1682
Postal Zip
33155
Subdivision Name
Futura Gables
Development Name
Futura Gables
Area
2400
Parcel Number
3040140280050
Subdivision Number
28
Zoning
RES
Directions
Google Maps or Waze

Financial Information

Association YN
Yes
Association Fee
340
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Association Name
Atlas Property Management Services, Inc.
Association Email
jalvarez@apmsi.com
Estimated Monthly Assoc Recurring Fee
340
Membership Fee Required YN
No
Tax Annual Amount
747
Tax Year
2024
Tax Assessed/SOH Value
229715
Tax Legal Description
FUTURA GABLES CONDO #4 UNIT 501 UNDIV .01848622% INT IN COMMON ELEMENTS OFF REC 12825-191 OR 20394-1821 0502 1
Assessor Market Value
229715

Status Change Information

Major Change Timestamp
2026-07-21T17:05:43Z
Major Change Type
Status Change
Price Change Timestamp
2026-05-19T20:13:04Z
Status Change Date
2026-07-21
Under Contract Type
Active Under Contract
Under Contract Date
2026-07-16

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Level
Yes
Entry Location
First Floor Entry,Other Interior Features,Split Bedroom,Walk-In Closets

Co-Ownership

Property Management YN
No

Main Level Rooms

Main Level Bathrooms
Yes
Main Level Bedrooms
Yes

Pet Details

Pet Fee YN
Yes
Pet Fee
250

Price Calculations

Current Price To SqFt
297.16

Section Details

Parcel Number MLX
0050

Originating Details

Originating System Key
607457515
Originating System ID
M00000170

Room Information

Room Name
Kitchen
Living Room
Master Bedroom
IDX
Listing Office: LPT Realty, LLC
Source MLS Verified
Last Updated: September - 25 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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