Sell Rental Property Fast in Coral Gables, Florida

Get A Free Cash Offer — No Repairs, No Fees

Close in as little as 7 days. Any condition. Any situation.

— or fill out the form below —

Get My Cash Offer →

🔒 100% confidential. We never share your info.

Being a landlord in Coral Gables sounds glamorous on paper — a Mediterranean-style rental, palm-lined streets, steady tenants paying premium South Florida rents. But the reality? It can wear you down. Between late-night maintenance calls, rising insurance premiums, hurricane prep, and tenants who treat your investment like a frat house, owning a rental here can feel less like passive income and more like a second job. If you’ve reached the point where you’re ready to cash out and move on, you’re not alone — and you have more options than you might think.

Whether your property sits near the Granada neighborhood, just off Miracle Mile, or tucked into the quiet streets of Coco Plum, selling fast is absolutely doable — even with tenants still in place. Let’s walk through what that looks like.

Why So Many Coral Gables Landlords Are Selling Right Now

Coral Gables has always been one of South Florida’s most desirable rental markets, but the math has shifted. Property taxes have climbed, insurance carriers keep pulling out of the Florida market, and the cost of bringing an older Mediterranean Revival home up to current code can eat through years of rental profits. On top of that, Florida’s landlord-tenant laws have evolved, and managing a rental from out of state has become a serious headache.

Some of the most common reasons we hear from tired landlords in Coral Gables include:

• Problem tenants who stopped paying or damaged the property
• Skyrocketing insurance costs after recent hurricane seasons
• Deferred maintenance on older homes near Riviera or Coral Gables Country Club area
• Out-of-state ownership that’s become too hard to manage remotely
• Inherited rentals that were never part of the original plan
• Retirement and the desire to simplify life

Whatever your reason, you don’t have to fix the place up, evict tenants yourself, or list with an agent and wait six months for a closing.

Capital Gains and the Florida Tax Advantage

Here’s some good news: Florida has no state income tax, which means when you sell your rental, you’ll only deal with federal capital gains tax — not a state-level hit on top. That’s a meaningful difference compared to selling a rental in California or New York.

That said, federal capital gains can still take a bite, especially if you’ve held the property a long time and claimed depreciation over the years. The IRS will recapture that depreciation at up to 25%, and any appreciation gets taxed at long-term capital gains rates (typically 15-20% for most sellers). One Florida-specific detail worth knowing: under Florida Statute 83.49, you’re required to return tenant security deposits within 15 to 60 days of lease termination depending on whether you’re making deductions, so factor that into your closing timeline.

If the tax hit feels heavy, you may want to look at a 1031 exchange before you sell.

Using a 1031 Exchange to Defer Taxes

A 1031 exchange lets you roll the proceeds from your Coral Gables rental into another “like-kind” investment property and defer capital gains taxes entirely. It’s a powerful tool, but it comes with strict deadlines:

• 45 days to identify your replacement property after closing
• 180 days to close on that replacement
• You must use a qualified intermediary — you can’t touch the proceeds yourself
• The replacement property must be of equal or greater value

Selling to a cash buyer can actually make a 1031 easier because you control the closing date. Whether your property is in Coco Plum, Riviera, or near the Granada area, a fast, predictable closing gives you breathing room to find the right replacement.

Selling With or Without Tenants in Place

One of the biggest worries landlords share is, “Do I have to get my tenants out first?” The answer is no. We buy properties with tenants in place all the time. If you have great long-term renters paying market rate, that’s actually a plus for an investor buyer — they get an income-producing asset from day one.

On the other hand, if you have non-paying tenants or someone you’ve been trying to evict for months, we can still buy. You don’t have to finish the eviction yourself. We’ve handled these situations across Coral Gables and know how to navigate them.

Here’s what selling for cash typically looks like:

• No repairs, no cleaning, no staging
• No realtor commissions or listing fees
• Close in as little as 7-14 days, or pick a date that works for you
• Tenants can stay or go — your call

If you’re ready to talk through your situation — no pressure, no obligation — give us a call at (619) 480-0195. We’ll listen, answer your questions, and if it makes sense, put a fair cash offer in front of you within a day or two. You deserve a clean exit, and we’re here to help you get one.

Frequently Asked Questions

Can I sell my Coral Gables rental property with tenants still living there?

Yes, absolutely. We buy properties with tenants in place regularly, whether they’re paying on time or not. Existing leases transfer with the sale, so your tenants don’t have to move and you don’t have to handle an eviction. This actually makes the process smoother and faster for everyone involved.

How quickly can I close on a cash sale in Coral Gables?

Most cash sales close within 7 to 14 days, though we can move faster or slower based on your needs. If you’re doing a 1031 exchange or coordinating with a tenant’s move-out, we’ll adjust the timeline. Compared to a traditional listing that averages 60-90 days plus closing time in Coral Gables, this is dramatically faster.

Will I have to pay capital gains tax when I sell?

Florida doesn’t charge state income tax, so you’ll only owe federal capital gains and potential depreciation recapture. The exact amount depends on how long you’ve owned the property, how much it has appreciated, and how much depreciation you’ve claimed. A 1031 exchange can defer these taxes entirely if you reinvest in another rental property within the IRS deadlines.

What if my rental property needs major repairs or has code violations?

That’s not a problem on our end. We buy properties as-is, including homes with foundation issues, roof damage, outdated electrical, or open permits and code violations. Many older homes throughout Coral Gables have these challenges, and we factor them into our offer so you don’t have to spend a dime fixing anything before closing.