You may remember my recent post about Miami Heat star Ray Allen purchasing a home on Tahiti Beach for a reported $11,000,000. This was the first sale in the exclusive gated community of Tahiti Beach this year. But now another sale has just come across the wire located at 4 Tahiti Beach Island Road. This home offered 21,235 square feet of living space on a 62,051 square foot lot with 10 bedrooms, 10.5 baths with a private beach, expansive...Continue Reading!
I was doing some research on the $1,000,000 and below market in Coral Gables and uncovered some interesting statistics. So far in 2014, homes that had sale prices under $1,000,000 had an average "Sale Price to List Price" ratio of 95% and sold in an average of 66 days. This figure varies drastically from the homes that sold for $1,000,000 and higher which had an average "Sale Price to List Price" ratio of 90% and sold in an average of...Continue Reading!
The Platinum Triangle is an area of Coral Gables that is highly desirable due to its convenient location between Old Cutler Road and Ponce de Leon Boulevard. Homes in The Platinum Triangle tend to get snapped up very quickly and sell for a premium compared to other Coral Gables neighborhoods. There have been 4 homes sold in The Platinum Triangle this year. They closed for an average sale price of $954,000 or $372.00/sq. ft. (other non-waterfront homes in Coral Gables...Continue Reading!
Miami Heat basketball star Ray Allen just purchased the home he had been renting in Cocoplum for a reported $11,000,000. This home was located on the exclusive Tahiti Beach Island and offered 11,000 square feet of living area on a spectacular 37,000 square foot waterfront lot with a private beach. Some of the special features of the home include an elevator, gym, sauna and spa. This is the 13th home sold in the gated community of Cocoplum in 2014, and the...Continue Reading!
The Riley Smith Group is excited to announce our latest Coral Gables listing at 10900 Old Cutler Road. Located within the gates of Snapper Creek Lakes, this home offers a "Miami Modern" style with open living areas, walls of glass, plenty of light and clean lines. One of my favorite things about this home is that you can truly appreciate the lush foliage and tropical landscaping from every space. The home offers 4,944 square feet of living area on a 1+...Continue Reading!
We are working with several buyers right now who are looking for condos in Coral Gables. When pulling comparables for various units, they were surprised by the large increase in values over the past year. Take a look at the chart I created below which shows the average "sale price/square foot" for condos sold in Coral Gables. Although values are up across the board, it appears we won't catch up to the record breaking year of 2012 where there...Continue Reading!
Today I wanted to give my blog readers a sneak peak at my new listing located in the gated community of Snapper Creek Lakes which will hit the market later this week. This spectacular home offers 4,185 square feet of living space on a 49,658 square foot lot with 4 bedrooms and 5.5 baths. If you are interested in learning more or would like to schedule a showing, please contact me directly at 305-342-1623.Continue Reading!
It has recently been reported that Green Bay Packers lineback/defensive end purchased the 9,100 square foot home located at 10700 Snapper Creek Road in the exclusive gated community of Snapper Creek Lakes. Although it is not officially closed on the MLS, it is rumored that he purchased the home for $5,200,000 (it was listed for $5,490,000). Listing agent was Josie Wang of Avatar. This home was a Dutch Caribbean style compound that had been impeccably finished with superior millwork, stone floors,...Continue Reading!
The home located at 541 Hardee Road sold in 2013 for $1,710,000. The new owners did some major renovations to the home while maintaining the charm and character of this historical 1926 landmark. When they placed it back on the market for a list price of $2,590,000, it went under contract in just 4 days. The home sold for $2,575,000 last week (listed by Shelton and Stewart). Special features of 541 Hardee Road included a formal living room with...Continue Reading!
Great article on Curbed.com today about the home located at 6705 San Vicente Avenue listed by Laura Mullaney of Coldwell Banker. This home was designed by society architect Marion Sims Wyeth in the Cape Dutch style for George Merrick's Dutch South African village. Built in the 1920's, it exudes charm and character. The home offers 5 bedrooms, 3.5 baths with 3,304 square feet of living space on a 7,000 square foot lot. It is listed for $2,175,000. Other homes by...Continue Reading!