Alan Potamkin’s Home Hits The Market In Gables Estates | Listed For $67,000,000

May 15th, 2015 Written By


Categorized under Coral Gables Gated Communities, Coral Gables Real Estate

1 Casuarina Concourse, Gables Estates

Alan Potamkin, the owner of Potamkin Companies (who has an estimated net worth of over $150 million), has listed his Gables Estates home for $67,000,000. Located at 1 Casuarina Concourse, the home offers 9 bedrooms, 10 baths with 20,862 square feet of living area on 3.6 acres of waterfront land (937 feet of water frontage).  Some of the special features include a gym, game room, nanny’s quarters, tennis court, pool, guest house, private beach and boat dock with space for a 160 foot boat. The property is listed by The Jills of Coldwell Banker.

This is the second highest priced listing currently on the market in Miami-Dade County.

Insider Notes: Potamkin purchased the lot for $2,000,000 back in 1987 and built his current home in 2000.  His ex-wife, Claudia Potamkin recently sold her condo at The Grovenor House in Coconut Grove for $8,100,000.

1 Casuarina Concourse, Gables Estates

1 Casuarina Concourse, Gables Estates

The Riley Smith Group is the #1 Top Producing Team at EWM’s Coral Gables office. If you are interested in buying or selling real estate in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or by filling out a contact form here.

Off-Market Property For Sale In The Golden Triangle | The Riley Smith Group

May 13th, 2015 Written By


Categorized under Coral Gables Real Estate, The Golden Triangle

Golden Triangle

I wanted to let my blog readers know about our newest off-market property which is available for sale in the coveted area of  “The Golden Triangle” in Coral Gables. This is a great 3 bedroom, 2 bath home with 2,000 square feet of living area on a 10,000 square foot lot.  Some of the special features include a remodeled kitchen, large walk-in closet in the master bedroom, dual sinks in the master bath, formal living and dining room and pool.  If you are looking for a home with these specifications but have exhausted everything that is currently on the market, then you should definitely take a look at this property. Once it hits the market, it will sell fast!

For more information please call Liz Perdigon of The Riley Smith Group at 786-543-5777.

The Riley Smith Group is the #1 Top Producing Team at EWM’s Coral Gables office. If you are interested in buying or selling real estate in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or by filling out a contact form here.

1020 Placetas Avenue Sells For Full List Price

May 6th, 2015 Written By


Categorized under Coral Gables Real Estate

Placetas 1

When 1020 Placetas Avenue hit the market back in March, I knew that it would sell fast and close to asking price. The home offered 2,571 square feet of living space on a 10,238 square foot lot with 3 bedrooms, 3 baths. It was being offered for $1,429,000. The house was turn-key ready, located on a great street, and priced perfectly. The combination of those 3 things at any price point will create a lot of interest.

After just 5 days on the market, the home was under contract.  It closed this week for full asking price of $1,429,000. Listing agent was Cecilia Samaja of One Sotheby’s.

Placetas 2

The Riley Smith Group is the #1 Top Producing Team at EWM’s Coral Gables office. If you are interested in buying or selling real estate in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or by filling out a contact form here.

Highest Sale Price In “Old Cutler Bay” In Over 4 Years

May 5th, 2015 Written By


Categorized under Coral Gables Gated Communities, Coral Gables Real Estate

Gallardo

The gated community of Old Cutler Bay has had a great start to 2015 with some very pricey sales.  There have been 3 homes closed since January 1st totaling nearly $15,000,000 in volume.  Another impressive figure is the sale of 9320 Gallardo Street which traded for $8,350,000 – the highest sale price in Old Cutler Bay in over 4 years.  Listing agent was Toni Schrager of Avatar.

Old Cutler Bay is a very prestigious gated community with spectacular waterfront homes situated on large lots. It is one of the smaller gated communities in Coral Gables, and therefore we typically see a low amount of turnover.  Last year there were 8 homes sold, with an average sale price of $3,615,000.

View the list of homes sold in Old Cutler Bay so far in 2015:

  • 9320 Gallardo Street | 8 beds/8.5 baths | 9,365 Sq. Ft. LA | Built in 2007 | Sale Price: $8,350,000
  • 60 Solano Prado | 4 beds/4.5 baths | 5,032 Sq. Ft. LA | Built in 1973 | Sale Price: $3,790,000
  • 605 Solano Prado | 3 beds/3.5 baths | 3,859 Sq. Ft. LA | Built in 1982 | Sale Price: $3,250,000

Check out homes currently for sale in Old Cutler Bay below:

  1. 7 beds, 6 full, 1 part baths
    Home size: 7,096 sq ft
    Lot size: 32,246 sqft
    Year built: 2001
    Parking spots: 3
    Days on market: 45
  2. 5 beds, 5 full, 1 part baths
    Home size: 4,480 sq ft
    Lot size: 17,327 sqft
    Year built: 1969
    Parking spots: 2
    Days on market: 93
  3. 4 beds, 3 full baths
    Home size: 3,573 sq ft
    Lot size: 21,420 sqft
    Year built: 1970
    Parking spots: 2
    Days on market: 130

See all Old Cutler Bay, Coral Gables Gated Community.
(all data current as of 5/30/2015)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

The Riley Smith Group is the #1 Top Producing Team at EWM’s Coral Gables office. If you are interested in buying or selling real estate in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or by filling out a contact form here.

Just Listed By The Riley Smith Group! 6002 Cellini Street

April 29th, 2015 Written By


Categorized under Coral Gables Real Estate

Cellini Collage

Another Coral Gables home listed by The Riley Smith Group! 6002 Cellini Street is a fantastic property which has been completely rebuilt and expanded with top of the line features and finishes. It offers expansive and light filled living spaces with 24 x 24 travertine marble flooring and a luxurious master suite with marble bath. The spectacular chef’s kitchen has custom cabinetry and an 8 burner Wolf gas range with 2 ovens.  French doors lead out to a covered terrace, pool and tropical gardens which surround the home.

This home is listed by Bea Citron of The Riley Smith Group. If you would like more information about this home, or would like to schedule a showing, please contact Bea at 305-606-7993 or you can send us a message here.

Details of 6002 Cellini Street, Coral Gables:

  • 6 Bedrooms, 4 Full Bathrooms, 1 Half Bathroom
  • 3,936 Square Feet Of Living Area (+ recent expansion)
  • 15,000 Square Foot Lot
  • 2 Car Garage
  • Offered at: $2,250,000

The Riley Smith Group is the #1 Top Producing Team at EWM’s Coral Gables office. If you are interested in buying or selling real estate in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or by filling out a contact form here.

SOLD! A Million Dollar Residence Every 15 Hours

April 21st, 2015 Written By


Categorized under Coral Gables Real Estate

Hot off the press! I am proud to announce that my company EWM Realty International once again ranks #1 for $1 million+ homes sold in Miami-Dade County.  We are the market leaders for luxury homes, selling a million dollar residence every 15 hours in South Florida.  That  is 23% more than any other real estate firm! When you work with The Riley Smith Group and EWM, you can rest assured that you are getting the highest level of experience, service and professionalism.

EWM Market Leader

The Riley Smith Group is the #1 Top Producing Team at EWM’s Coral Gables office. If you are interested in buying or selling real estate in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or by filling out a contact form here.

Gables Club Luxury Condos | Slow Start To 2015

April 9th, 2015 Written By


Categorized under Coral Gables Condos, Coral Gables Real Estate

Gables Club

There have only been 2 closed sales at The Gables Club during the first quarter of 2015.  Although sales may be slow, the average “sale price/square foot” on these units were high compared to the sales during 2014.  As you can see from the chart below, the average “sale price/square foot” for 2015 has come in at $631.00.

Buyers are drawn to The Gables Club because it is in a great waterfront location and has incredible 5 star amenities such as a 24 hour concierge, private club, spa, restaurant, tennis courts, lap pool, putting greens and more!

Check out my stats and trends for The Gables Club below!

Gables Club Sale Price Per Square Foot

View some of the units available for sale at The Gables Club:

Sorry, but we couldn't find any results in the MLS that match the specified search criteria.

We are the #1 Top Producing Realtors at EWM’s Coral Gables office. If you are interested in buying or selling real estate in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or by filling out a contact form here.

Hammock Oaks | Live In A Coral Gables Gated Community For Less

March 30th, 2015 Written By


Categorized under Coral Gables Gated Communities, Coral Gables Real Estate, Coral Gables Waterfront Homes

Hammock Oaks, Coral Gables

Hammock Oaks is a quiet, family friendly gated-community situated off of Old Cutler Road in Coral Gables. When you enter Hammock Oaks you will notice right away the lush vegetation that surrounds the homes and two large lakes which are the focal point of the community. While many of the homes are waterfront, they do not have access to the open water.  However, there are some homes that come with a community dock space which does provide ocean access.

There have been two homes sold in Hammock Oaks so far in 2015. The first was a beautiful Ramon Pacheco designed estate located at 414 Rovino Avenue with stunning water views, limestone flooring, wet bar, split floor plan, elevator and steam shower in the cabana bath. The home sold for $2,200,000 or $348.00/square foot.  The second sale in Hammock Oaks this year was located at 11060 Marin Street; this was a 5,288 square foot home with expansive living areas, high ceilings, oversize terrace for entertaining and impact windows and doors.  The home sold for $1,850,000 or $349.00/square foot.

Last year there were 5 homes sold in Hammock Oaks and they closed for an average sale price of $1,465,000 or $386.00/sq. ft.

Hammock Oaks is a great opportunity to live in a gated community for significantly lower prices than you will find in the nearby gated communities of Cocoplum, Gables Estates, Snapper Creek Lakes and Journey’s End where prices can average $5,000,000.

If you are interested in learning more about this unique community please contact us.

We are the #1 Top Producing Realtors at EWM’s Coral Gables office. If you are interested in buying or selling real estate in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or by filling out a contact form here.

Land In Coral Gables Selling At $60.00/Square Foot

March 17th, 2015 Written By


Categorized under Coral Gables Real Estate

Grass Field

The land market is extremely active in Coral Gables right now. We recently placed our property at 5030 Orduna Drive in the Gables on the market for land value and had multiple offers within a matter of days.  There are tons of investors out there who want to build new construction projects and capitalize on rising values. Due to low inventory and high demand, the average price of land in the Gables has risen to approximately $60.00/square foot for a non-waterfront, non-gated lot. This price may seem high, but it is actually lower than the neighboring community of Coconut Grove which is selling for $80.00/square foot of land.

In the past 12 months there have been 16 land sales in Coral Gables.  These have ranged in price from $36.00 – $161.00/square foot.

We are the #1 Top Producing Realtors at EWM’s Coral Gables office. If you are interested in buying or selling real estate in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or by filling out a contact form here.

Buyers Still Paying Full Price (And Higher) For Homes In Coral Gables

March 11th, 2015 Written By


Categorized under Coral Gables Real Estate

Homes Sold In Coral Gables

Some people believe that the market has cooled off in the past couple of months. Sales may be down slightly, however there are still plenty of buyers out there who are ready to jump on a good opportunity when they see one. So far in 2015, there have been 16 homes which have closed at or above asking price in Coral Gables. That doesn’t sound like a slow market to me!  (Last year during the same time period there were only 8 closed at or above asking price.)

Check out the list of homes sold in 2015 which have sold at or above asking price:

  • 1321 Asturia Avenue | List Price: $469,900 | Sale Price: $495,000 (foreclosure)
  • 510 Palermo Avenue | List Price: $574,000 | Sale Price: $574,000
  • 821 Obispo Avenue | List Price: $543,000 | Sale Price: $580,274 (foreclosure)
  • 222 Cadima Avenue | List Price: $599,500 | Sale Price: $600,000
  • 409 Marmore Avenue | List Price: $619,000 | Sale Price: $619,000
  • 1549 San Rafael Avenue | List Price: $550,000 | Sale Price: $700,500 (foreclosure)
  • 1451 Trillo Avenue | List Price: $670,000 | Sale Price: $710,000
  • 2602 San Domingo Street | List Price: $799,900 | Sale Price: $806,000
  • 630 Camilo Avenue | List Price: $835,000 | Sale Price: $850,000
  • 826 Ortega Avenue | List Price: $918,000 | Sale Price: $918,000
  • 4512 San Amaro Drive | List Price: $949,000 | Sale Price: $951,000
  • 510 Tivoli Avenue | List Price: $1,050,000 | Sale Price: $1,050,000
  • 21 E Sunrise Avenue | List Price: $1,089,500 | Sale Price: $1,089,500
  • 4114 San Amaro Drive | List Price: $1,150,000 | Sale Price: $1,150,000
  • 4405 Granada Blvd | List Price: $1,530,000 | Sale Price: $1,530,000
  • 739 Santurce Avenue | List Price: $1,555,000 | Sale Price: $1,555,000

We are the #1 Top Producing Realtors at EWM’s Coral Gables office. If you are interested in buying or selling real estate in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or by filling out a contact form here.

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