Condo in 7040 Coral Way 501, Miami, FL 33155 for sale with MLS# F10540122
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. 20% is needed for the down payment.
7040 Coral Way 501, Miami, FL 33155
Price
- Price:
- $315,000.00
- Original List Price:
- $325,500.00
- List Price per Sq Ft (Calculated, Approx.):
- $297.16
- More Listings Same Building:
- Futura Gables Condo #4 in 7040 Coral Way Miami
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active Under Contract (An offer has been accepted, considering Backup Offers)
- Contingency:
- Active Under Contract
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential
- Property Type:
- Condominium
- Description of Last Important Update:
- Status Change
- Last Major Update on:
- July 21, 2026 5:05 pm
Rooms Distribution
- Bedrooms:
- 2
- Bathrooms Total:
- 2
- Full Bath:
- 2
- Room Type:
- Kitchen, Living Room, Master Bedroom
- Master Bedroom Bath:
- 2 Master Baths, Master Bdrm - Ground, Bedroom On Entry Level
Measures
- Living Area:
- 1,060 Sqft
- Building Area Source:
- Public Records
- Living Area Source:
- Public Records
Property Features
- View from the Property:
- Pool, Garden, Tennis
- Waterfront:
- Yes
- Security:
- Key Card Entry, Other
- Accessibility:
- Accessible Doors, Accessible Entrance, Accessible Bedroom, Accessible Closets, Accessible Full Bath, Accessible Common Area
- Appliances:
- Microwave, Refrigerator, Electric Range, Electric Water Heater, Water Heater
- Interior:
- Walk-In Closet(s), Other, Bedroom Layout - Split
- Exterior:
- Balcony, Tennis Court(s)
- Patio and Porch:
- Porch, Porch - Wrap Around
- Laundry:
- Washer Hookup
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Property Entrance Faces:
- North
- Unit Description:
- Interior Hallway
- Balcony Details:
- Balcony - Wrap Around
Construction
- Year Built:
- 1984
- Roof:
- Other
- Levels:
- Two
- Entry Level (floor):
- 1
- Entry Level Location:
- First Floor Entry,Other Interior Features,Split Bedroom,Walk-In Closets
- Construction Materials:
- Block, Brick, CBS, Concrete Block - No Stucco
- Flooring:
- Tile, Ceramic Tile
- Number of stories:
- 5
- Structure Type:
- Multi Family
- Stories:
- 1
- Property Condition:
- Resale, Updated/remodeled
Taxes and Expenses
- Tax Annual Amount:
- $747.00
- Tax Year:
- 2024
- Tax Assessed Value:
- $229,715.00
- Association Fee:
- $340.00
- Association Fee Frequency:
- Monthly
- Association Fee 2nd HOA:
- $330.00
- Property Tax Details:
- Homestead Exemption
Parking
- Garage
- Garage Spaces:
- 2
- Covered Spaces:
- 2
- Parking Features:
- Garage, Garage Door Opener, Assigned, Guest, Detached Garage, Asphalt, Loading Space(s)
Utilities
- Sewer:
- Public Sewer
- Utilities Available:
- Water Available
- Water Source:
- Public
Community
- Association
- Association Membership:
- Mandatory
- Application Required
- Application Fee:
- $150.00
- Application Information:
- 3-4 Weeks Approval
- Association Type:
- Condominium
- Pets Allowed?:
- Yes, Breed Restrictions
- Lease Number Times per Year Allowed:
- 1
- Amenities Provided by the Homeowner's Association (HOA):
- Pool, Spa/hot Tub, Trash Chute, Clubhouse, Picnic Area, Parking
- Subdivision Name:
- Futura Gables
- Association Fee Includes:
- Maintenance Grounds, Water, Trash, Maintenance Structure, Pool Service
- Association Name:
- Atlas Property Management Services, Inc.
- Senior Community:
- No
- Development Name:
- Futura Gables
- Restrictions:
- Other Restrictions, Buyer Approval Required
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable, Close Of Escrow
Zoning and Legal
- Tax Legal Description:
- FUTURA GABLES CONDO #4 UNIT 501 UNDIV .01848622% INT IN COMMON ELEMENTS OFF REC 12825-191 OR 20394-1821 0502 1
- Real Estate Folio Number (Parcel Number):
- 3040140280050
- Zoning:
- RES
Listing History
- Active on the market since:
- April 20, 2026
- Listing Agreement executed on:
- December 8, 2025
- Purchase Contract Date:
- July 16, 2026
- Price change occurred on:
- May 19, 2026 8:13 pm
- Listing Status Last Changed On:
- July 21, 2026 5:05 pm
- Photos updated on:
- June 9, 2026 1:50 am
- Last Modified:
- August 6, 2026 6:08 pm
Additional Information
- Courtesy of:
- LPT Realty, LLC
- Attribution:
- Not provided
Location
- Floor Number:
- 5
- Street Name:
- Coral
- Street Number:
- 7040
- Unit Number:
- 501
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33155
- County:
- Miami-Dade
- Latitude:
- N25° 44' 48.1''
- Longitude:
- W81° 41' 27.8''
- Street Suffix:
- Way
Property Map
Want to schedule an in-person or virtual tour? Have questions?
Want to schedule an in-person or virtual tour? Have questions?
Schedule a Tour or Ask a Question
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$79,271
Median Home Value
$505,000
Median Rent
$1,871/mo
Median Age
44
Population
43,133
Air Quality
Source: AirNow.gov · Miami
🌬️ Air Quality Index (AQI)
45
Good
☀️ O3
35
Good
🫁 PM2.5
45
Good
Ver la propiedad 7040 Coral Way 501, Miami, FL 33155
