1429 MERCADO AVE, Coral Gables, FL 33146

1429 MERCADO AVE, Coral Gables, FL 33146 is a 4-bedroom, 3-bathroom residential - single family : 1 unit built in 1949 with 2,593 square feet of living space on a 8,520 square foot lot. The property is currently owned by JUAN R ALVAREZ SR MARJORIE ALVAREZ, 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 2017-11-08 for $1,060,000, when WILLIAM MURFF &W CATHERINE sold to JUAN R ALVAREZ SR. The property has appreciated $625,000 (144%) since the prior sale of $435,000 on 1998-12-01. There are 3 recorded sales for this property.

The 2025 assessed value is $638,910 with a market value of $1,432,901. This breaks down to $1,107,600 for the land and $325,301 for the building. The assessed value increased 3% from $620,904 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 $781,292 recorded against this property. 1429 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 1990 to 2017, with 3 recorded transactions in the public record. The current assessed value represents 60% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase.

Based on the most recent sale, this property traded at $409 per square foot — a key metric for comparing value across Coral Gables's real estate market..