Great 1920’s Old Spanish Home Near Riviera Golf Course

I was looking over what is available in the $700,000 to $900,000 price range in Coral Gables and this home really stood out to me.  It is a 1920’s house located near the Riviera Golf Course, sits on a corner lot, has an updated kitchen, lush vegetation and has its own private courtyard.  Definitely worth checking out if you are looking in this price range. 

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Details Include:

  • 2,381 Sq. Ft.
  • 17,050 Sq. Ft. Lot
  • 3 Bedrooms, 2.5 Baths
  • Fireplace, Wood Floors, French Doors, Updated Kitchen
  • List Price: $838,000
  • Broker: Slesnick and Associates

If you are interested in viewing this property don’t hesitate to contact me on my cell at 305.342.1623 or send me a note here.

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Basketball Courts, Summer Kitchens and Wine Cellars In Coral Gables

Sometimes buyers have very specific “wants” on their wish list.   In the past I have had buyers ask for a wide array of things including a summer kitchen, a tin roof, a saline pool, a wine cellar or even a cigar room!   Check out some of these Coral Gables homes that offer some very special features.

BasketballCourt

11035 Marin Street (photo above) | 5 bedroom, 6 baths | Two Boat Slips, Custom Entertainment Center and Wet Bar, Basketball Court, Outdoor Pavillion With Wet Bar | Asking Price: $3,250,000

3309 Granada

3309 Granada Boulevard (photo above) | 6 Bedrooms, 6 Baths | Completed in Fall of 2010 | Wine/Cigar Room and Library | Asking Price: $2,750,000

SummerKitchen

400 Arvida Parkway (photo above) | 8 Bedrooms, 9 Baths | Chihuly Chandelier, Wine Cellar, Media Room, Library/Music Room, Summer Kitchen | Asking Price: $20,500,000

In my opinion, a home with a basketball court beats out one with a summer kitchen any day!

Spoken by Riley Smith | 1 Comment »

Coral Gables $1,000,000+ Market

As of today, 52% of the single family homes for sale in Coral Gables are priced over $1,000,000.   Interestingly enough, homes in this price range only comprise 25% of the closed sales for this year.   These figures mean that the inventory in Coral Gables is not completely in line with the demand.

It is not however indicative of a slow down in the luxury market.  Take a look at the chart below and you will see that 2010 is on track to sell equal or more $1,000,000+ homes than the past few years.

CoralGables$1,000,000Graph

If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here.

To subscribe to the Coral Gables Real Estate Vault, just enter in  your email address here.  A followup email will be sent and you will be required to “activate” the subscription.

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Just $45,000 A Month!

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A rental property on Tahiti Beach came on the MLS yesterday priced at “just” $45,000 a month.  This makes it the highest priced rental currently on the market in Coral Gables.  The house (photo above) features 6 bedrooms, 6 baths, 9,000 square feet of living area on a 41,000 square foot lot. 

Right now there are 224 rentals on the market (single family, condo, townhouse) in Coral Gables.  I am often asked if rental prices are negotiable and in my experience they are.

To view single family rentals in Coral Gables click here.

To view condo rentals in Coral Gables click here.

I have a rental specialist on my team who would be happy to assist you in finding a home.  If you would like to see any of the above properties feel free to contact us by clicking here.

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A Must Read For Luxury Homeowners

The luxury real estate market is a world all it’s own.  When selling these homes it is imperative to choose a Broker/Agent team that has the experience, knowledge and power to effectively market your home.

If you read the article in the Miami Today recently you will see that EWM dominates the luxury market here in South Florida.  EWM closes on a $1,000,000+ home every 36 hours (more than any other broker in South Florida).  We are also No. 1 countywide in the number of residential sales in excess of $2 million and $3 million. 

With the luxury market gaining strength, these numbers are only likely to get higher.

Check out EWM’s Elite brochure featuring listings in excess of $2,000,000.   

If you are interested in selling your home, please contact me at 305.342.1623 for a no pressure home valuation.

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Cocoplum Market Update

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There have been two closed sales since my last Cocoplum Market Update.  The first is located on Los Pinos Boulevard in the southern section of Cocoplum (non-waterfront).  This beautiful home came on the market back in January at an asking price of $6,250,000.  The owners just sold it for $4,500,000 which makes it the highest sale in Cocoplum all year. 

The second home to sell in Cocoplum since my last market update is located at 286 Costanera Road.  The owners purchased the house in 2008 for $2,125,000 and sold it for $1,650,000 last month.  As I tell my clients, luxury real estate is at an all time low.  It is evident that homes in Cocoplum have not escaped the downturn.

There are 50 homes for sale in Cocoplum ranging in price from $16,000,000 to $1,300,000 – to view them click here.

Aside from sales, other happenings in Cocoplum include a $420,000 renovation to the gatehouse that is just about completed.  This renovation cost the owners in Cocooplum $830.00 per home.  The house is getting a new gate, new windows, new fountain, bathroom and landscaping.

If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here.

To subscribe to the Coral Gables Real Estate Vault, just enter in  your email address here.  A followup email will be sent and you will be required to “activate” the subscription.

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Which Condos Have The Highest Number Of Sales In Coral Gables?

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For the most part, condominiums that have a high number of sales indicate that buyers see value in them.  Take a look at the condominiums in Coral Gables with the highest number of sales.

One Village Place, located just north of Merrick Park has had 14 sales this year (selling at an average of $365,000) making it the condominium with the highest number of units sold.  Others include The Biltmore II (6 sales at an average of $300,000), Ten Aragon (7 sales at an average of $263,000), The Minorca (7 sales at an average of $233,000) and The Gables Club (5 sales at an average of $1,370,000).

If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here.

Spoken by Riley Smith | Please leave a comment.

Prices Slashed As Garden’s Of Valencia Goes Into Foreclosure – Starting At $899,000

Gardens On Valencia

Now available from $899,000, the luxury townhouses at Gardens Of Valencia have fallen into foreclosure.  I have been in these units and they are very nicely done with a private elevator in each unit, separate guest house complete with hookups for a kitchen, Wolf and Subzero stainless appliances and either stone or wood flooring.

Gardens On Valencia

To view a full list of everything available in Gardens Of Valencia please click here.  If you are interested in viewing any of these townhouses or any properties in Coral Gables please don’t hesitate to contact me so that we can schedule a showing.  I am available on my cell phone at 305.342.1623 or you can send me a note here.

Spoken by Riley Smith | Please leave a comment.

One Of A Kind Garage (And A Nice House Too)

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I just listed a house located at 5830 Leonardo Street in South Coral Gables.   For all of you car lovers out there, feast your eyes on this very special garage complete with car lifts.  The garage is fit for a king, and the house is great too.  It features 3 bedrooms/3 baths with 2,703 square feet of property, large spacious rooms, updated baths on a 10,692 square foot lot with a beautiful pool.  We have listed the home at $775,000.

Leonardo

Leonardo

Leonardo Street

If you are interested in seeing this home please contact me at 305.342.1623 to schedule a showing.

Spoken by Riley Smith | Please leave a comment.

Read This Before You Buy A Home On A Coral Gables Golf Course

Coral Gables offers some great golf course front properties.  But many people get so excited about owning a property on a golf course that they forget to ask some important questions.  First, check to see where the house is located in relation to the hole, some homes are more likely than others to end up with broken windows.  Ask the golf club for a review of their policy regarding errant balls.  There may be slight changes that can be made to the course if balls continue to rain into your pool.  Finally, know what your insurance policy covers: broken windows, injuries to your guests etc.

If that hasn’t scared you off, below are a sample of homes in Coral Gables with golf course views.  To see a full list click here, prices range from $675,000 to $3,950,000.

Granada Golf Course

1101 North Greenway Drive | 4 Bedroom/4 Bath | 6,429 Square Feet | 25,000 Square Foot Lot | $3,950,000 | Photos Below

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Deering Bay Golf Course

13663 SW 60th Avenue | 6 Bedroom, 7 Bath | 5,180 Square Feet | 9,841 Square Foot Lot | $2,499,000

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If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here.

Spoken by Riley Smith | 1 Comment »

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