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, Claudio R. Alvarez Trust, undertook restoration work including exterior preservation, installation of impact-resistant windows and doors, stucco repair, shutter installation, MEP upgrades, new additions, and site/landscape improvements, with a total renovation cost of approximately $6,100,000.00. The taxable value of the qualifying improvements was determined to be $2,158,287.00. The Recreation, Tourism, and Resiliency Committee forwarded the item to the Board with a favorable recommendation. No public comment or stakeholder sentiment is stated in the document.