$16,200,000list price
Per sq ft$2,963
5 bd · 6.5 ba · 5,468 sq ft House
119 PALOMA DR, CORAL GABLES, FL 33143
Listing courtesy of Coldwell Banker Realty. MLS# A12103511.On the MLS · Listed Aug 31
$16,500,000
9340 BALADA ST, CORAL GABLES, FL 33156
5 beds7 bathsHouseBuilt 2027
Updated today, November 3, 2026This home against Coral Gables
22 days on the market
$109,353 in property taxes (2025)
22,216 sq ft lot
Private pool
Waterfront
5 car garage
Coral Gables today: 288 homes for sale, median list price $1,995,000.
About this home
Rare opportunity to build a landmark waterfront estate at 9340 Balada Street, within Old Cutler Bay, one of CoralGables’ most coveted gated waterfront communities. Set on an expansive 22,400 SF lot, this exceptional propertyoffers a new seawall, deep water, direct ocean access with no bridges, and the ability to accommodate anapproximately 100-foot yacht. The wide bay directly in front provides exceptional maneuvering room, allowing alarge vessel to turn with ease. Offered with approved permits and shovel-ready plans by renowned South Floridaarchitect Ramon Pacheco, AIA, of Pacheco Architecture, whose portfolio includes distinguished luxury residencesthroughout Coral Gables, Gables Estates, Cocoplum and other premier South Florida communities. The proposedtwo-story residence features approximately 7,845 SF of A/C living area, expansive terraces, pool and sophisticatedindoor-outdoor living. Old Cutler Bay is prized for its privacy, security, mature landscaping, substantial waterfrontestates and exceptional boating lifestyle, with direct access to Biscayne Bay. Minutes from the best of Coral Gableswhile offering the tranquility of a private waterfront enclave. Property is vacant land; residence shown inplans/renderings does not exist. A rare combination of land, architecture and world-class boating access.
Zoned schools
Elementary: Sunset Elementary School
Middle: Ponce de Leon Middle School
High: Coral Gables 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 Fortune Christie's Intl R.E.. MLS# A12105306.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed October 12, 2026.
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