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Buildings/Coral Gables/55 MERRICK CONDO

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55 MERRICK CONDO

55 Merrick Way, Coral Gables 33134

★ 4.5

2008

Year Built

251

Units

CI Score

Moderate

For Sale

$952K

Avg Price

$572

Sale $/SF

For Rent

$4,000

Avg Rent

$3.41

Rent $/SF

+1.2%

YoY

For Sale

For Rent

Investor-Owned

66%

Avg HOA

$1,621/mo

55 Merrick is a 251-unit residential condo located in the heart of Coral Gables on Merrick Way. Built in 2008, the building offers a range of floor plans from 1 to 3 bedrooms spanning 320 to 3,446 square feet, catering to diverse lifestyle needs. With an average price per square foot of $567.95 and average monthly rents around $3,001, it represents a standard mid-range option in this established Coral Gables neighborhood.

Building Details

Address

55 Merrick Way, Coral Gables, 33134

Neighborhood

Coral Gables

Year Built

2008

Total Units

251

Avg Unit Sqft

1,021 SF

Tier

Premium

Avg $/SF

$572.24

Avg Rent

$4,000/mo

Rent $/SF

$3.41/SF

HOA Range

$1,357 – $1,885

Google Rating

4.5 (22 reviews)

Neighborhood Rank

Top 22%

Avg Unit Value

$498K

Total Sales (All-Time)

452

Amenities

PoolFitness CenterLobbyElevatorParking GarageSecurity

Investment Analysis

Yield Metrics

Rental Yield (annualized)8.4%

YoY Appreciation+1.2%

Total Yield55.2%

Liquidity & Demand

Closed Sales (120d)3

Days on Market85 days

Months of Inventory2.7

Sale-to-List Ratio1.0%

Market Data

Sale Price Trend ($/SF)

$574

-9.3%

Rental Price Trend ($/SF)

$3.25

-14.5%

Building Activity

Days on Market

days

Normal pace

Months of Inventory

2.7

months

Low supply

Sale-to-List Ratio

96.6%

Fair negotiation

Price Reductions

100%

of listings

Many price cuts

Closed Sales (120d)

transactions

Moderate activity

Sales & Listings

Active Listings

For Sale (2)

$729K

Unit 800

2 bd3 ba1,167 sf

$625/SF

$1.2M

Unit 812

3 bd3 ba1,611 sf

$729/SF41 DOM

For Rent (6)

$4K

Unit 707

2 bd2 ba1,258 sf

$4K

Unit 702

2 bd3 ba1,204 sf

$3/SF5 DOM

$4K

Unit 856

2 bd2 ba1,498 sf

$3/SF4 DOM

$4K

Unit 800

2 bd3 ba1,167 sf

$3/SF

$4K

Unit 552

2 bd3 ba1,204 sf

$3/SF63 DOM

$7K

Unit 825

3 bd3 ba1,666 sf

$4/SF

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Dec 31, 2025	$443K	$567.95	1/2	780
Jul 17, 2025	$560K	$565.66	2/2	990
Jul 14, 2025	$560K	$565.66	1/1	990
Jul 2, 2025	$1.6M	$1,483.93	—/—	1,058
Jul 2, 2025	$1.6M

Units & Ownership

Total Units

251

Avg Sqft

1,021 SF

Avg Assessed

$448K

Owner-Occupied

34%

Tax & Ownership

Investor-Owned

66%

Owner-Occupied

34%

Avg Assessed Value

$448K

Avg Taxable Value

$430K

Effective Year Built

2008

Zoning

6400

Unit Mix

1 BR68

Avg 822 SF

2 BR85

Avg 1,274 SF

3 BR13

Avg 1,679 SF

Unknown85

Avg 825 SF

Unit Directory

Showing 10 of 251 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
500	2	2	1,167	$323K	✓	$407K	$348	Feb 2008
501	1	1	908	$400K	—	$412K	$454	Oct 2021
502	2	2	1,204	$505K	—	$405K	$337	Feb 2008
503	2	2	1,258	$535K	—	$480K	$382	Dec 2019
504	2	2	1,189	$388K	✓	$490K	$412	Jun 2008
505	1	1	790	$346K	—	—	—	—
506	2	2	1,158	$566K	—	$530K	$458	Sep 2017
507	1	1	784	$385K	—	$495K	$631	Jun 2023
508	3	2	1,682	$416K	✓	$700K	$416	Dec 2019
509	2	2	1,202	$590K	✓	$740K	$616	Feb 2024

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55 MERRICK CONDO

Building Details

Investment Analysis

Yield Metrics

Liquidity & Demand

Market Data

Sales & Listings

Units & Ownership

Photos

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