HISTORIC PRESERVATION TAX EXEMPTION - 4125 SANTA MARIA

Recreation, Tourism, and Resiliency Committee · 2026-06-09 · resolution

Miami-Dade County Board of County Commissioners is considering a resolution to authorize a historic preservation ad valorem tax exemption for the rehabilitation of the property at 4125 Santa Maria Street, Coral Gables, Florida. The exemption is for 10 years, from January 1, 2023, to December 31, 2032, and is estimated to provide an annual countywide tax exemption of approximately $9,872.00. The property owner is Claudio R. Alvarez Trust. The rehabilitation work included exterior restoration, removal of non-original additions, installation of impact-resistant windows and doors, stucco repair, installation of wood shutters, mechanical, electrical, and plumbing upgrades, construction of new additions, and site and landscape improvements. The total renovation cost was approximately $6,100,000.00, with the taxable value of qualifying improvements determined to be $2,158,287.00. The Miami-Dade County Historic Preservation Board recommends granting the exemption. The Recreation, Tourism, and Resiliency Committee forwarded the item to the Board of County Commissioners with a favorable recommendation.