Coral Gables Condos Category
After years without any large scale development in Coral Gables, there are now multiple residential projects in the pipeline. Two that I am very excited about are Biltmore Parc and Beatrice Row. Below are the details and information on each of these unique projects. Biltmore Parc, Coral Gables Biltmore Parc has a great location just steps from downtown Coral Gables. The boutique building consists of 32 residences (2/2; 2/2.5 +den; 3/3.5 +den), with large expansive terraces featuring Nanawall folding glass, European style...Continue Reading!
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...Continue Reading!
Today I would like to introduce you to Biltmore Parc - an exciting new condo project coming to Coral Gables. Located at 718 Valencia Avenue, Biltmore Parc is just steps from the Granada golf course and the Biltmore Hotel. These condos are going to be Mediterranean inspired and modernly designed. They will offer a contemporary open-plan interior layout with tons of natural light. Every unit will feature a NanaWall (folding glass walls) opening to the terrace which allows for true...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!
Plans have been submitted to the City of Coral Gables for a major renovation and expansion of the Publix on Le Jeune Road. The grocery store will increase from 43,000 square feet to 57,000 square feet as part of a full-block development which will also include 282 residential units and a 793 space parking garage. The building will be 18 stories high. This transformation from a single-use to a mixed-use project is part of a trend we are seeing all over...Continue Reading!
Congratulations to our sellers who just closed on their condo at The Gables Club. This unit was in impeccable condition and offered open living spaces with volume ceilings and walls of glass. The expansive master suite contained a luxurious master bath and its own private terrace perfect for taking in the views. This unit (60 Edgewater, PH3F) had 3,165 square feet of living space with 3 bedrooms, 3 baths and sold for $2,050,000 or $647.00/sq. ft.. The Gables Club offers five...Continue Reading!
During the last few days of 2013, Unit 12-AC at The Gables Club sold for $4,750,000 ($633.00/sq. ft.) making it the highest sale price the building saw all year. This particular unit was a combination of the A and C floor plans and recently completed a $2,000,000 renovation with Constantin Georges as the designer. The unit offered 7,500 square feet of living space and 5 bedrooms, 6.5 baths. The average "Sale Price/Sq. Ft." for condos sold at The Gables Club...Continue Reading!
Hot off the press! A developer has acquired the property located at 4101 Salzedo Street in Coral Gables for $27 million with plans to build a luxury condo building. The 2.8 acre site is located across the street from high-end car dealership The Collection. The project is aptly named, The Collection Residences. The internationally recognized firm of Arquitectonica has been hired to design the building. 4101 Salzedo Street is located just steps from The Village of Merrick Park. Our team knows...Continue Reading!
Today I would like to introduce my newest listing located in the highly coveted Gables Club. As you step out of your private elevator into Penthouse 3F, you are greeted with spectacular views of Biscayne Bay, the Miami skyline and Key Biscayne. The living areas are open and spacious with volume ceilings and walls of glass. The expansive master suite has a luxurious master bath and its own private terrace perfect for taking in the views. The Gables Club offers five star amenities for...Continue Reading!
As I reported earlier this year, the luxury condo market in Coral Gables is struggling. Although there is plenty of inventory in this segment of the market, there has only been 1 closed condo sale over $1,000,000 in 2013. With all of the high-end condos that have gone up on Brickell (and the rest of Miami), it makes you wonder whether buyers are being lured away from Coral Gables to the newer buildings that have all the bells and whistles. What's the difference between the two...Continue Reading!