1425 MERCADO AVE, Coral Gables, FL 33146

1425 MERCADO AVE, Coral Gables, FL 33146 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1971 with 1,770 square feet of living space on a 6,500 square foot lot. The property is currently owned by NICHOLAS ORTIZ TERESA ORTIZ, 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 2020-03-28 for $620,000, when MARIE ILENE WHITEHURST sold to NICHOLAS ORTIZ. There are 3 recorded sales for this property. The 2025 assessed value is $581,068 with a market value of $1,071,636.

This breaks down to $845,000 for the land and $226,636 for the building. The assessed value increased 3% from $564,692 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 $616,002 recorded against this property.

1425 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 1978 to 2020, with 3 recorded transactions in the public record.

The current assessed value represents 94% of the most recent sale price. Based on the most recent sale, this property traded at $350 per square foot — a key metric for comparing value across Coral Gables's real estate market..