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Vera Vita Real Estate

— About this home

Waterfront Villa on the S. Gables Waterway.Boaters Dream or live on the water.Protected cove dock for the boat.First time on the market.Completely Walled and gated for privacy.Beautiful backyard overlooks the water,pool and picturesque gardens with pathways.Large covered terrace is great for outside entertainment overlooking the water.Built high up, the back yard has commanding views.All bedrooms have balconies that open to fresh air and views of the landscaping.Impact glass,Poggenpohl kitchen with Island and gas stove.Viking,Sub Zero and Miele appliances.Also wine cooler.Den,Very high cielings,fireplace,2 car garage. Newer AC-water heater.Walk to Sunset elementary school, bathrooms original.

— Facts & features

Interior

  • Cooking Island
  • Entrance Foyer
  • French Doors
  • Pantry
  • Chandelier To Be Replaced
  • Volume Ceilings
  • Den/Library/Office
  • Maid/In-Law Quarters
  • Utility Room/Laundry

Exterior

  • Barbeque
  • Outdoor Shower

Appliances

  • Bottled Gas
  • Dishwasher
  • Disposal
  • Dryer
  • Electric Water Heater
  • Ice Maker
  • Microwave
  • Gas Range
  • Refrigerator
  • Wall Oven

Cooling & heating

  • Ceiling Fan(s)
  • Central Air
  • Central

Flooring

  • Ceramic Floor
  • Marble

Parking

  • Driveway

Waterfront

  • Ocean Access
  • Canal Front
  • Seawall

View

  • Canal
  • Water

Security

  • Smoke Detector

Laundry

  • Utility Room/Laundry

Construction & roof

  • CBS Construction
  • Barrel Roof

— Assigned schools

Elementary

Sunset

Middle

Ponce De Leon

High

Coral Gables

School assignments should be independently verified.

— Location

1181 S Alhambra Cir, Coral Gables

— Mortgage Estimator

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Home priceUSD
Enter as digits, with commas, or shorthand: 1.9M · 1900K · 1,895,000
ZIP codeMiami-Dade
Miami-Dade County (exact match).
Payment typeFinanced
Conventional or jumbo loan, depending on size.
Down payment20% · $980,000
%
$3,920,000 financed· Jumbo loan
Loan termyears
Base rate% (760+ band)
Loading current market rate...
Your rate at 740-759:6.995%(base + 0.12%)
Loan exceeds the conforming limit. Jumbo rates from portfolio lenders typically run 0.25–0.75% below the 30-yr fixed shown here.
Primary residenceNo
No homestead exemption — full property tax applies.
Credit score banddrives rate
Lenders price LLPA adjustments by credit band. See impact panel for monthly + lifetime deltas.
Your finances — optional, for DTI
Gross annual income
$
Other monthly debts
$
Household combined pre-tax income and the sum of your monthly debt-service payments (auto loans, student loans, credit-card minimums). We don't count groceries, utilities, or insurance — those don't factor into lender DTI.
— Estimated monthly
$36,384
Per month, all-in
72%P&I SHARE
Monthly breakdown
  • Principal & interest$26,06772%
  • Property taxes$5,12914%
  • Insurance$5,18914%

Tax: Miami-Dade County effective rate (1.26%). Source: FL Department of Revenue. Listing tax released — likely a lot-only new-construction assessment.

Insurance: Direct coastal exposure — Florida hurricane corridor. Estimate; actual quote can be 30–50% higher on older homes or homes without wind mitigation.

Cash & qualification
Cash at closing
$1,144,406
Income to qualify
$1,560,000/yr
Credit-score impact

Improving from 740-759 to 760+ would save $315/mo and $113,432 over the life of this loan.

Over the life of the loan
Total paid
$9,384,011
Total interest
$5,464,011
Paid off
2056
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The data relating to real estate for sale on this web site comes in part from the participants of the Miami Association of REALTORS® IDX program. Information is deemed reliable but not guaranteed. Listings displayed may not reflect all real estate activity in the market. Copyright © 2026 Miami Association of REALTORS®. All rights reserved.