719 Biltmore Way

What was supposed to be built here, and what happened

The plain reading: a site bought at the top of the 2022 market, marketed for a year, never started, and then offered for sale rather than built. That is an ordinary outcome for a small Miami condominium project in this cycle, and it is not an accusation of anything. What is not ordinary is how much material still describes the building as though it exists.

What the county actually holds

⭐ We proved that absence rather than assuming it. The entire street was swept — 614 folios, complete, no truncation — and grouped by the county’s own subdivision field. Biltmore Way holds six condominium declarations: Biltmore II (232 folios), David William (199), Gables Plaza (91), Biltmore Village (33), The Biltmore Regent (23) and 555 Medical Center (15). None of them is 719. Number 719 sits in the non-condominium platted series, alongside the street’s office buildings, its parking lots and a City-owned alley.

⚠️ One honest caveat, because it applies to every page like this one. The Property Appraiser’s roll is not the Clerk of Court’s deed record. At a building that has actually been delivered, homes routinely close months before folios exist — we have documented that at E11EVEN, 2200 Brickell, Oasis Hallandale and NoMad Wynwood. What makes this case different is that the roll-lag explanation cannot apply here: three consecutive years of zero building value mean the assessor has never seen a structure. Any deposits taken after the 2023 launch would be private contracts, invisible to the public record and invisible to this page.

The land: what was paid, and what it is assessed at

⭐ Those identical numbers are not an accident, and reading them tells you something useful. The county does not value this parcel by guesswork — it applies a flat rate per square foot: 11,987 square feet at exactly $200.00. And that rate can be checked against the rest of the street:

The 700 block is carried at 53.3% of the rate the assessor applies ten blocks east, in the Coral Gables commercial core. One street, one municipality, and the county’s own view of the location differs by nearly half.

Now set the three numbers side by side:

• Assessed, 2026: $2,399,545 — $200.00 per square foot of land.
• Paid, August 2022: $6,000,000 — $500.54 per square foot, 2.50× the assessor’s figure.
• Asked, February 2026: $8,200,000 — $684.07 per square foot, 36.7% above the 2022 purchase.

Against the nine approved residences, that is $666,667 of land per home at the purchase price and $911,111 at the 2026 asking price — against a projected sellout of $52,000,000, or about $5.8 million a home. Whether those numbers ever worked is the developer’s business. What the record shows is that the site was offered for sale rather than built.

⚠️ One number that should not be presented as a return. The parcel went from $525,000 in 1988 to $6,000,000 in 2022 — but in 1988 it carried a garden apartment building and in 2022 it was a teardown site. That pair measures land appreciation and a demolition, not an investment’s performance, and we are not going to dress it up as one.

What we could not establish

A page that only tells you what it knows is half a page. These are the open questions, and they are open because the record does not answer them:

• Whether the entitlement is still live. The site was marketed as approved for a twelve-storey, 157-foot tower. The county roll records zoning, not approvals — site plan, Board of Architects sign-off and permits all sit with the City of Coral Gables, and we did not obtain them. “Shovel-ready” is a seller’s characterisation, not a verified fact.
• Whether a 2021 height reversion binds this parcel. The Real Deal reported in December 2021 that Coral Gables took a first step toward reverting heights in part of the Biltmore Section from 190.5 feet back to 150 feet. The marketed height here was 157 feet. That means either the parcel falls outside the reverted district, or an approval is vested, or the marketed height is stale. The record we pulled cannot choose between those three, and we are not going to guess.
• Why the February 2026 listing came down. Cancelled, expired, withdrawn and sold off-market are four different things. The county still shows the 2022 owner and the 2022 sale — but the roll lags the Clerk, so a recent sale could exist and not yet appear.
• Whether anyone contracted to buy a residence in 2023, and what became of it. Deposits are private contracts. They are invisible to the Property Appraiser and invisible to us.
• South Florida Business Journal was never checked — it blocks our requests. That is an unreachable source, not an absence of coverage, and it may well have reported on this.

What to do if you were interested in this building

If you have been shown a residence at 719 Biltmore Way, the first question is what exactly you are being offered. There is no condominium at this address. There is a vacant lot with a marketing website attached to it. Those are very different purchases with very different risks.

If you are holding a 2023 contract or deposit here, that is a matter for your own lawyer, today. Nothing on this page is legal advice and the public record cannot tell you where your money is.

And if what you actually want is a small, full-floor Coral Gables condominium — that is a real and reasonable thing to want, and it is worth being told which projects on that list are under construction and which are only announced. The difference between those two categories is the entire subject of this page.

Three questions worth asking about any pre-construction project, prompted by this one:

• Has the county assessed any building value on the parcel? It is free to check and it is the hardest single signal that something is actually being built.
• Has a development-trade outlet reported a groundbreaking? Not a rendering, not a launch — a groundbreaking, with a date.
• How is the deposit held, and what happens to it if the project does not proceed? In writing, before anything is signed.

Interested in Coral Gables?

719 Biltmore Way was never built, and the site itself was offered for sale in February 2026. If Coral Gables is where you want to be, Josh Stein can tell you what is actually under construction and what is only announced — and the difference between the two is the whole point of this page.

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Amenities & Services

• Elegantly-appointed, double-height Lobby with 24/7 Front Desk staff and reception seating area

• Over 3,500 square feet of indoor and outdoor rooftop amenity spaces

• Rooftop relaxation pool with soothing landscaping, poolside chaise-lounges, sun-umbrellas and daybeds

• Rooftop Fitness Center equipped with the latest cardio and weight-training machines

• Flexible Business & Study Room with workspace areas, contemporary furnishings, and flat-panel screen

• Expansive, outdoor Rooftop Breezeway Terrace with comfortable, modern outdoor lounge seating

• Dedicated Elevator Lobby with two high-speed elevators and direct access to Mail Room

• 24/7 smart security system with electronic fob-controlled access to elevators, common areas, amenities and residences

• Gated, covered self-parking with two spaces per residence and the option to add a lift to accommodate a third vehicle

• Electric vehicle car charging stations

• Covered bicycle storage racks

• Pet-friendly building

• Back-up, on-site generator with capabilities to provide full power for all residences and common areas

• Wi-Fi access throughout all common areas

719 Biltmore Way — prices, and why there are none

🔴 This section previously listed three residences for sale — Unit 300 at $5,600,000, Unit 500 at $5,398,300 and “PH – 1000” at $5,898,300, some $16,900,000 of inventory. Those listings have been removed, because those residences do not exist.

Miami-Dade County records 719 Biltmore Way as a single vacant commercial lot of 11,987 square feet, folio 03-4117-008-0160, with a recorded year built of 0 and zero building value on the 2024, 2025 and 2026 tax rolls. There is no condominium declaration at this address and no residence has ever been created or sold here. The prices above were the April 2023 launch asking prices for a building that was never constructed.

⚠️ The only current market figure attached to this address is for the land: the site was listed for sale in February 2026 at $8,200,000. If you were quoted a price for a residence at 719 Biltmore Way, ask what exactly you are being offered.