400 Alcazar Ave Coral Gables, FL Welcome to 400 Alcazar Ave, a turnkey duplex in the heart of The City Beautiful with all major capital improvements complete: 2022 new roof, 2024 new impact windows and doors, and in-unit washer/dryer in both residences. Located in Flood Zone X (no flood insurance required) on a quiet residential street within top-rated school districts. Each 2-bedroom, 1-bath unit offers classic architectural charm across two stories. The ground-floor residence features a large private terrace and is delivered vacant—ideal to move in and let the upper unit offset your mortgage, or lease immediately in an ultra-high-demand rental market where the lower unit recently secured multiple applications within 24 hours. Outside, enjoy a spacious backyard and rare off-street parking for up to 6 vehicles. Unmatched lifestyle and location: Stroll to Miracle Mile and Giralda Plaza’s dining and shopping, or tee off at historic Granada Golf Course. Offering rare possession flexibility, prime location, and pristine condition, 400 Alcazar is an exceptional opportunity for owner-occupants and investors alike. $7,400 monthly income for both units.