Owned by the same family for multiple generations, opportunities like this on the Mahi Canal rarely hit the market! Unbeatable South Coral Gables location, east of US-1. This classic ranch home sits on an expansive, dual-tier lot shaded by mature mango, níspero, almond and oak trees. Featuring 98’ of waterfront on a wide 75’ canal with a convenient turnaround basin, this site is a true boater’s dream. Navigate to Biscayne Bay with ease thanks to a generous 18’ vertical bridge clearance that accommodates large center consoles and sport fishers. Waterfront infrastructure includes a private 40'x14' boat slip (5' MLW depth) and a reinforced concrete pad engineered for a 10k–14k lb Ace Ele-vert elevator lift. Inside, the home features three oversized bedrooms, a spacious living room centered around a charming Keystone fireplace and an open kitchen with generous storage space. Modern conveniences include impact windows throughout, a high-security reinforced steel front door with a 6-rod deadbolt and an oversized two-car garage housing a smart Rheem ProTerra Platinum water heater with EcoNet app control. Outside, enjoy tranquil sunsets over stunning westward canal views, along with room to expand or add a pool. Whether you choose to move in right away, execute a full remodel or build your custom dream estate, the potential of this property is unmatched. Best of all, you are just minutes away from multiple parks, elite schools, UM, prestigious country & yacht clubs and fine dining.