$11,500,000

3940 Douglas Rd, Miami, FL 33133

On market
1 days on market
MLS #
A12083858

A rare opportunity to create a truly exceptional estate in the heart of South Coconut Grove. Spanning approximately 1.33 acres (57,756 SF), this extraordinary parcel is the largest non-waterfront residential lot currently available in Coconut Grove, offering an unparalleled canvas for a custom-designed residence and private grounds. Ideally positioned near some of Miami’s most sought-after schools, including Ransom Everglades, Carrollton, St. Stephen’s, Plymouth, St. Hugh, Vanguard, and Miami Jewish Montessori, with convenient access via the separated pedestrian and bike pathway along the Commodore Trail. Just minutes from CocoWalk, marinas, parks, acclaimed restaurants, and premier shopping, this is a rare opportunity to create a one-of-a-kind estate in one of Miami’s most coveted neighborhoods. Potential to also acquire adjacent De Garmo Estates gated property. Inquire with listing agent for details.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Position in the area’s price distributionThe asking price is $11,500,000; the median of recorded sales in the area is $1,310,000 (833 sales). On raw price that is 778% above the median — this line does NOT adjust for property type or size.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33133, 33129 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$3,450,000
Term

6.76% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 10, 2026.

Estimated monthly payment$52,266
Loan amount
$8,050,000
Total interest over the term
$10,765,641
Total repaid
$18,815,641

Foreign buyers are typically asked for 30–40% down, at rates 1–2 points above what US citizens pay. The rate above is the US-citizen product — enter your own rate if you know your terms.

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Compass Florida, LLC

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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