HISTORIC PRESERVATION TAX EXEMPTION - 4125 SANTA MARIA

Board of County Commissioners · 2026-07-21 · resolution

The Board of County Commissioners adopted Resolution R-634-26, File Number 260876, authorizing a 10-year historic preservation ad valorem tax exemption for the rehabilitation of the property at 4125 Santa Maria Street, Coral Gables, Florida. The exemption applies to countywide operating ad valorem property taxes, estimated at $9,872.00 per year, for the period from January 1, 2023 through December 31, 2032. The applicant and owner is Claudio R. Alvarez Trust. The property was originally constructed in 1947, designated as a contributing property in the Santa Maria Street Historic District by the City of Coral Gables in 2007, and is also an individually designated historic landmark. Restoration 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, and the taxable value of the qualifying improvements was determined to be $2,158,287.00. The Miami-Dade County Historic Preservation Board, pursuant to Resolution No. 2025-08, recommended the exemption be granted. The resolution directs the County Mayor or designee to execute and record a covenant and to exercise provisions therein, including ensuring maintenance and preservation, inspecting for compliance, and reporting non-compliance. The tax exemption was introduced on 5/14/2026, forwarded to the Board with a favorable recommendation by the Recreation, Tourism, and Resiliency Committee on 6/9/2026, and adopted on 7/21/2026. The staff recommendation was to authorize the exemption. The document does not state any public comment or stakeholder sentiment.