CENTURY 21 Edge
$18,750,000$19,999,000$117,000 /mo all-in ↓

5355 Hammock Dr, Coral Gables FL 33156, CORAL GABLES, FL, 33156

Active440 days on marketListed Jun 3, 2025MLS #A11814063

Reduced $1.2MWaterfrontResidentialHAMMOCK LAKE NO 2,Hammock Lake 2

About this home

5355 Hammock Dr, Coral Gables FL 33156

An extraordinary opportunity to build your dream home on a magnificent 2-acre lakefront lot in the prestigious gated community of Hammock Lakes. This rare offering features lush, mature landscaping with live oaks, sabal palms, palmettos and ferns, creating a serene, natural backdrop for your custom vision. With an existing dock providing direct access to the tranquil lake, the property invites a lifestyle that is both luxurious and closely connected to nature. Envision your own private oasis, where indoor elegance meets outdoor beauty—an estate ready to be tailored to your every desire.

Facts & features

The home at a glance

2.08 ac

Lot size

WaterfrontLake View view

Inside

Outside & construction

ViewLake View
FacesSouth

Community & fees

Taxes (2024)$103,610/yr
CommunityGated Community

Utilities & systems

UtilitiesElectricity Connected · Other Utilities Available · Water Connected · Electricity Available · Other · Trash Removal · Water Available
WaterMunicipal Water

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$117,000 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$101,174
PMI (est., until 20% equity)$7,031
Property tax — 2024 actual bill$8,634
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $1,875,000Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $1,875,000
Interest rate6.00%
Loan term

Estimated payment

$117,000/mo

Principal & interest$101,174
PMI (est., until 20% equity)$7,031
Property taxes (actual bill)$8,634
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Where it sits

Inside Coral Gables

Map of 5355 Hammock Dr, Coral Gables FL 33156

Get to know Coral Gables. See the full Coral Gables guide →

CORAL GABLES 33156 — neighborhood snapshot

Population

32,708

Median age

42

Median income

$134,720

Median home value

$1,063,100

Avg household

2.69

Households w/ children

3,769

For the school run

Dade County School District

ElementaryPinecrest Elementary School★★★★★
HighMiami Palmetto Senior High School★★★★
MiddlePalmetto Middle School★★★★
Instructional Center System Wide
District Instructional Center (Dic)
Title I Migrant Education Program

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Coral Gables market

Seller’s marketLeans buyer11.8 months of inventoryBuyer’s market

$1.6M$1.3M

Coral Gables median sold, yr/yr

96.2%

Sale-to-list ratio (12 mo)

This home is listed 3900% above the CORAL GABLES 33156 median. See the full Coral Gables market guide →

Paper trail

This home's history

CurrentPrice reduced to $18,750,000 $1.2M
Jun 3, 2025Listed at $19,999,000 · 440 days on market since

Reality check

What actually sold near 5355 Hammock Dr

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

10015 Snapper Creek Rd., Coral Gables FL 33156Sold · Oct ’25

$1,912,500

10015 Snapper Creek Rd., Coral Gables FL 33156

2 bd · 2 ba · 1,081 sqft · $1,769/sqft · 46 DOM

10005 Snapper Creek Rd, Coral Gables FL 33156Sold · Oct ’25

$1,837,500

10005 Snapper Creek Rd, Coral Gables FL 33156

3 bd · 1 ba · 1,243 sqft · $1,478/sqft · 46 DOM

10300 SW 59th Ave, Pinecrest FL 33156Sold · Nov ’25

$1,825,000

10300 SW 59th Ave, Pinecrest FL 33156

4 bd · 3 ba · 2,280 sqft · $800/sqft · 31 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Julian Rivera

Your agent

Julian Rivera

REALTOR® · CENTURY 21 Edge

Tours, negotiation, and every question about 5355 Hammock Dr — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 5355 Hammock Dr — before you fall in love.

See it in person

Schedule a tour

Live availability from Julian's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

5355 Hammock Dr FAQs

What would the monthly payment be for 5355 Hammock Dr, Coral Gables FL 33156?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $117,000/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

What are the property taxes on 5355 Hammock Dr, Coral Gables FL 33156?+

The most recent tax bill on record (2024) was $103,610. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

How does the price compare to other homes in Coral Gables?+

At $18,750,000, this home is listed about 733% above the Coral Gables median of $2,250,000. The market section on this page shows how the area is trending.

Which schools are assigned to 5355 Hammock Dr, Coral Gables FL 33156?+

Pinecrest Elementary School (elementary), Miami Palmetto Senior High School (high), Palmetto Middle School (middle), Instructional Center System Wide (), District Instructional Center (Dic) (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.

The brief

Five things that matter here

01Positioned at the premium end

$18,750,000 runs 3900% above the CORAL GABLES 33156 median.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Time on market is leverage

440 days on market against a Coral Gables median of 67 — sellers in this position are usually ready to negotiate.

04Strong assigned schools

Pinecrest Elementary School, Miami Palmetto Senior High School, Palmetto Middle School, Instructional Center System Wide, District Instructional Center (Dic), Title I Migrant Education Program — Pinecrest Elementary School rates 5 of 5. Always verify assignments with the district.

05The price has already moved

Listed at $19,999,000, now $18,750,000 — a $1.2M cut. The full history is in the market section below.

Listing courtesy of Coldwell Banker Realty · Judith Zeder. MLS #A11814063.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.

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5355 Hammock Dr, Coral Gables FL 33156, CORAL GABLES, FL — $18,750,000 | CENTURY 21 Edge