The Gables Club Condo Market Update
December 14th, 2009 Categories:Coral Gables Condos
Here is a quick snapshot of the real estate market in The Gables Club, a luxury waterfront residence that consists of two high rise buildings (Tower 1 and Tower 2).
There are currently 25 units for sale total, (1o of them are located in Tower 1, the other 15 are located in Tower 2). Prices range from $898,000 to $16,000,000. To see all condos for sale at The Gables Club, please click here.
There have been 2 units sold this year in Tower 1. The first was a 3rd floor unit with 2 bedrooms, 3 baths 2,590 square feet that sold for $650,000. The second was a 4th floor unit with 2 bedrooms, 3 baths, 2,570 square feet that sold for $800,000. This unit, compared to the first, had been completely updated and renovated.
In Tower 2 there have been 3 sales so far in 2009. The first was a bayview unit on the 7th floor that featured 2 bedrooms, 3 baths and 2,960 square feet which sold for $1,400,000. The second was also a bayview unit, on the 9th floor and featured 2 bedrooms, 3 baths and 2,960 square feet which sold for $1,262,000. The last and final sale during 2009 at The Gables Club was a “Guest Suite” on the ground floor that featured 450 square feet and 2 bedrooms which sold for $300,000.
Prices vary greatly at The Gables Club due to the fact that some units have waterviews and some units have been completely renovated on the interior. As would be expected, the Units in Tower 2 tend to be priced higher due to the fact that it was built almost 7 years after Tower 1.
If you are interested in buying or selling real estate in Coral Gables, please feel free to contact me on my cell at 305.342.1623 or send me an email at [email protected]
