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 4125 Santa Maria Street, Coral Gables, Florida. The property owner, Claudio R. Alvarez Trust, applied for the exemption. 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, originally constructed in 1947 and designed by Steward and Skinner, was designated a historic property by the City of Coral Gables in 2007. Restoration work included exterior preservation, removal of non-original additions, installation of impact-resistant windows and doors, stucco repair, wood shutter installation, MEP upgrades, new additions, and site/landscape improvements. The owner spent approximately $6,100,000.00 on the renovation, with the taxable value of qualifying improvements determined to be $2,158,287.00. The Miami-Dade County Historic Preservation Board recommended granting the exemption. The Recreation, Tourism, and Resiliency Committee forwarded the item to the Board of County Commissioners with a favorable recommendation.