It’s hard to keep up with all of the ultra-luxury sales lately in Gables Estates, but I like to keep my readers posted on them because I think they are a great indication of the health of the market. 33 Arvida Parkway in Gables Estates just closed for $11,350,000. The home offered unobstructed bay views with 13,086 square feet of living space on a 35,389 square foot lot. Listed by Engel and Voelkers.
This brings the total volume for 2012 in Gables Estates to $109,870,000, a record year for this gated community. The homes are selling at an average of $910.00 per square foot and sellers are getting roughly 85% of their list price.
There is no lack of luxury home buyers in the Coral Gables marketplace. If you are considering buying or selling in Coral Gables and would like to work with a Coral Gables real estate specialist contact us at 305-342-1623 or send us a note here.
The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.