$6,000,000

5600 OAKWOOD LN, CORAL GABLES, FL 33156

4 beds3.5 baths5,005 sq ftHouseBuilt 1979
Updated today, November 3, 2026

This home against Coral Gables

$1,199 per sq ft, 30% over the Coral Gables median
28 days on the market
$58,606 in property taxes (2025)
31,363 sq ft lot
Private pool
2 car garage

Coral Gables today: 288 homes for sale, median list price $1,995,000.

About this home

Set on a 31,272 SF (0.72-acre) corner lot in the exclusive, gated Banyan Drive neighborhood of Coral Gables, within the Snapper Creek Oaks subdivision and near prestigious Ponce-Davis. An intimate enclave of approximately 50 properties, Banyan Drive is experiencing a significant wave of luxury redevelopment, with 7 newly constructed estates since 2019 and at least 7 additional homes under development. This oversized corner lot, measuring approximately 224' x 141', offers the opportunity to build a custom luxury estate. Conceptual plans by Castillo Architecture & Planning envision a spectacular two-story residence with approximately 11,322 SF A/C and 13,268 SF total area, featuring 6 bedrooms plus staff quarters, home office, gym, home theater, game room, expansive entertaining areas, resort-style pool, and 3-car garage. The existing residence is livable and offers potential rental income while planning future development. Ideally located near South Miami, Coconut Grove, and Pinecrest.Renderings and plans are conceptual only and have not been submitted to or approved by the City of Coral Gables or Miami-Dade County. Buyer must independently verify zoning, development, permitting and approval requirements, as well as the status and transferability of existing permits.

Zoned schools

Elementary: Pinecrest Elementary School
Middle: Palmetto Middle School
High: Miami Palmetto Senior High School

From Miami-Dade County Public Schools attendance zones.

Near this home

Park: Matheson Hammock Park, 0.4 mi
Grocery: Publix, 2.1 mi

Distances from the center of CORAL GABLES.

Listing courtesy of BHHS EWM Realty. MLS# A12103490.

Listing information is provided by the MLS and is deemed reliable but not guaranteed.

Listed October 6, 2026.

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