The property at 116 San Sebastian Ave in Coral Gables is positioned in a desirable neighborhood, making it a prime candidate for flips. However, the recent renovations may limit significant returns on investment. With nearby comps showing a median sold price of around $1.45M for properties that are slightly larger, the potential for high profit margins is moderate.
Consider making minor cosmetic updates to enhance appeal without overextending financially. Focus on staging and marketing this turn-key home to attract buyers quickly. Given the solid neighborhood appeal, you could see a reasonable return if executed well, but avoid extensive renovations.