1515 MERCADO AVE, Coral Gables, FL 33146

1515 MERCADO AVE, Coral Gables, FL 33146 is a 2-bedroom, 2-bathroom residential - single family : 1 unit built in 1950 with 1,893 square feet of living space on a 10,000 square foot lot. The property is currently owned by NELLY M FARRA MIGUEL G FARRA, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2021-02-03 for $1,250,000, when MARINO ARVELO sold to NELLY M FARRA. The property has appreciated $535,000 (75%) since the prior sale of $715,000 on 2005-06-01. There are 3 recorded sales for this property.

The 2025 assessed value is $1,134,463 with a market value of $1,536,750. This breaks down to $1,300,000 for the land and $236,750 for the building. The assessed value increased 3% from $1,102,491 in 2024.

The property has the following tax exemptions: homestead. The median household income in this area is $228,289, and the median home value is $1,159,700. The population density is 3,408 people per square mile.

There are active mortgage liens totaling $659,020 recorded against this property. 1515 MERCADO AVE, Coral Gables, FL 33146 is located in Coral Gables, Florida. Property records, tax assessments, sales history, and ownership information for this Coral Gables property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 2003 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 91% of the most recent sale price. Based on the most recent sale, this property traded at $660 per square foot — a key metric for comparing value across Coral Gables's real estate market..