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The Gables Club And The Luxury Condo Market In Coral Gables

March 22nd, 2013 Written By

Coral Gables Real Estate Vault

The Gables Club had a very strong year during 2012 with an average selling price per square foot of $443.00 and 12 total sales.  However we are almost finished wtih the first quarter of 2013 and there are no pending sales in the building and there have been no closed sales.  In fact, the luxury condo market as a whole is struggling in Coral Gables.  There have been 55 condo sales and the highest sale price is $705,000.  It will be interesting to...Continue Reading!

Merrick Manor | New Construction Condos In Coral Gables

February 14th, 2013 Written By

[issuu viewmode=presentation showflipbtn=true documentid=130214170430-960a0573c56a49e8a96219207da63a60 docname=merrick_manor username=rileysmith loadinginfotext=Merrick%20Manor%2C%20Coral%20Gables showhtmllink=true width=600 height=386 unit=px] Click image above to scroll through Merrick Manor brochure. You may have noticed the demolition and construction going on at the corner of Le Jeune Road and Bird Road.  This is the newest large scale real estate development in Coral Gables in the past 5 years.  Condo prices here range from $250,000 and go up to $1,000,000.  Finishes will include Snaidero cabinetry, Bosch appliances, Sub-Zero refrigerators along with white quartz counter-tops and marble throughout the bathrooms.  According to the...Continue Reading!

3 New Listings Hit The Market In The Gables Club!

January 28th, 2013 Written By

Coral Gables Real Estate Vault

In just the past 7 days there have been 3 new listings to come on the market in the building.  Residents at The Gables Club must have heard the good news about values in the building! (Read my recent post about the increase in prices at The Gables Club here). View details of the new inventory below. 60 Edgewater Drive, PH 3F | Listed For $1,895,000 | 3 Bedrooms, 3.5 Baths | Water Views 60 Edgewater Drive, 6G | Listed For $1,699,000 |...Continue Reading!

The Gables Club Ends 2012 With Strong Numbers!

January 23rd, 2013 Written By

Coral Gables Real Estate Vault

The Gables Club suffered from some below average sales in 2011, but I am happy to report that in 2012 they made a solid recovery with sales prices coming in at an average of $443.00 per square foot.  These numbers are in line with similar positive trends we are experiencing across the Miami condo market (Read: Record Breaking $27 Million Condo Sale on Miami Beach). Below are the 2012 sales at The Gables Club: 10 Edgewater Drive, #3E | 2,960 Sq. Ft....Continue Reading!

Coral Gables Condo Market Update

October 15th, 2012 Written By

Coral Gables Real Estate Vault

I created the below charts which demonstrate the distribution of condo sales in Coral Gables for the past two years.  We are in the middle of October and we have already sold more condos in 2012 than we did in 2011.  If you look at the chart you will see more of an increase in the $250,000 - $500,000 condo sales in 2012 and perhaps a slight slowdown in the number of $250,000 and under condos. We know Coral Gables real estate.  If...Continue Reading!

Deering Bay Condo Market Update | Sales Up, Prices Up

October 11th, 2012 Written By

Coral Gables Real Estate Vault

  Deering Bay is a gated waterfront community located in the southern end of Coral Gables.  The real estate market in Deering Bay consists of mid-rise condo buildings, villas as well as single family homes.  Located on a natural reserve, the community offers 2 miles of direct waterfront land.  As a Deering Bay resident you have the option of joining the Deering Bay Yacht and Country Club which gives you access to the 18 hole Arnold Palmer Golf Course, 7 lighted Har-Tru tennis courts, fitness center, junior Olympic size pool plus the Club’s...Continue Reading!

Reason To Celebrate! Another GREAT Sale For Condo Owners At Gables Club

October 1st, 2012 Written By

Coral Gables Real Estate Vault

If you read my most recent Gables Club Market Update you know that prices are on their way up at The Gables Club.  I am happy to report today that another sale just came across the MLS which will further increase values at the two towers.  Unit 10C just closed for $1,695,000 or $570.00 per square foot bringing the year's average up to $445.00 per square foot (well over the $334.00 psf they experienced in 2011). If you are interested in buying or selling...Continue Reading!

The Gables Club Market Update

August 29th, 2012 Written By

Coral Gables Real Estate Vault

The Gables Club located on Edgewater Drive is the premiere luxury condo building in Coral Gables.  Thanks to a few solid sales earlier this year we have seen the average "price per square foot" figure jump up from last year's low at $334.00.  Currently, the average selling price per square foot in the building is $420.00. Check out these transactions which have helped boost values at The Gables Club: 10 Edgewater Drive #15 A/C | Sale Price: $4,950,000 | Sale Price Per...Continue Reading!

Double Unit Sells In The Gables Club For $5,300,000

April 2nd, 2012 Written By

Coral Gables Real Estate Vault

A double unit on the 15th floor of The Gables Club closed recently for a sales price of $5,300,000.  This is the highest sale we have seen in The Gables Club in the past 12 months, and the second highest sale in the past 24 months (in 2010 a penthouse closed for $9,000,000).   The unit offered incredible ocean views, 7,500 square feet of living space with interior design by Holmes, Newman and Partners, music gallery, master suite, guest wing with 3...Continue Reading!

The Gables Club 2012 Market Update, Coral Gables

March 12th, 2012 Written By

Coral Gables Real Estate Vault

With 3 closed sales and 2 pending sales, The Gables Club has had an active start to 2012.  Taking a look at the numbers however, the "sales price per square foot" of the closed sales this year are far below what we experienced in 2011.   The average "sale price per square foot" this year has been $336.00 compared to 2011 where it was $377.00.  The average number will certainly increase when Unit 15A/C (which is currently under contract -...Continue Reading!

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