Old Cutler Bay is located east of Old Cutler Road just north of Matheson Hammock State Park. It is one of Coral Gables’ most exclusive gated communities. Of the 136 homes in Old Cutler Bay there have only been 3 sales (see chart above) in the past 12 months which shows that there is very little turnover in the community. Prices of the active homes range anywhere from $2,000,000 all the way up to $9,500,000. Just as we see in other high end markets in Coral Gables, the sale price to list price ratio of the homes in Old Cutler Bay are slightly below 90%. This is something to keep in mind when you initially price the property. Typically as you get more and more into the luxury market, you will start to see these ratios decrease.
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