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Coral Gables Condos Category

Home In Cocoplum Goes Under Contract In Just 2 Weeks

January 27th, 2012 Written By

Coral Gables Real Estate Vault

The home located at 166 Isla Dorada in the gated community of Cocoplum just went pending after only two weeks on the market.  The house offered 5 bedrooms, 5 baths with 5,363 square feet of living space on a 17,597 square foot lot.  It was listed for $2,400,000 by Coldwell Banker.  The median "days on the market" for a house in Cocoplum during 2011 was 170 days.  I expect to see that number fall as we head into 2012 with much lower inventory levels.  If you are interested in...Continue Reading!

The Gables Club, Coral Gables Market Update

January 19th, 2012 Written By

Coral Gables Real Estate Vault

I couldn't believe the data when I ran the numbers for The Gables Club this morning.  Prices fell to $334.00 per square foot in 2011, down from much higher numbers of $797.00/sf in 2008 and $557.00/sf in 2007.  The Gables Club is the premiere condo building in Coral Gables and offers great bay views as well as a 15,000 square foot private club with restaurant, gym, spa, 24 hour concierge, 2 pools, valet, tennis, putting greens and marina access.   Scroll through the available condos...Continue Reading!

Golfing In Deering Bay, Coral Gables

November 9th, 2011 Written By

Coral Gables Real Estate Vault

Yesterday I joined my colleague Leslie Cassel for a round of golf at Deering Bay Yacht And Country Club in Coral Gables.  Deering Bay is a spectacular gated community of condos, townhouses and private residences situated around meticulously maintained grounds as well as a nature preserve.  With the weather at a cool 78 degrees and having the opportunity to play on one of the best golf courses in Miami, I have to admit that it was a pretty good day.  Thank you Leslie! Click the...Continue Reading!

New Listing Comes On The Market In Deering Bay

July 25th, 2011 Written By

Coral Gables Real Estate Vault

A new condo has just come on the market in the Verona building of Deering Bay.  This unit offers great views with 3 bedrooms, 3 baths, an eat-in kitchen, a private elevator foyer, 2 assigned parking spaces plus golf cart parking.   There are only a handful of condos available right now in The Verona building and this one is priced under $1,000,000.   To view more pictures, click here.  Listing agent is Leslie Cassel of EWM. I know the numbers, I analyze...Continue Reading!

The Gables Club, Coral Gables – Market Update

July 22nd, 2011 Written By

Coral Gables Real Estate Vault

There have been 6 condominiums sold this year in The Gables Club, Coral Gables' most exclusive condo building.  The sales have ranged in price from $950,000 to $1,190,000.   Considering that the median condo in The Gables Club is listed for $2,200,000, it certainly seems that the higher end condos are struggling in here.  To view a list of condos for sale in The Gables Club, click here. I know the numbers, I analyze the market, my clients make better decisions.  If you are interested...Continue Reading!

New Apartment Building Going Up On Ponce

July 1st, 2011 Written By

Coral Gables Real Estate Vault

In Coral Gables, on the corner of Le Jeune Road and Ponce de Leon Bouelvard (2 blocks from Merrick Park)  a brand new apartment building complex is being built.  The project is located at 4585 Ponce de Leon Boulevard and will be called "4585 Ponce".  It will have 1,2 and 3 bedrooms with rental prices running from $2.00 to $2.50 per square foot.  There will also be 26,430 square feet of retail on the ground floor.  The project is scheduled...Continue Reading!

Condo In Deering Bay Sells Higher Than List Price!

June 7th, 2011 Written By

Coral Gables Real Estate Vault

A penthouse unit in the Siena building of Deering Bay closed yesterday for $100,000 over list price.  The final sales price was $1,500,000.  The condo was only on the market for a matter of days before it went under contract.  There are two possible reasons why the unit would sell over list price.  The first and most obvious reason is that there were several interested parties and the price was bid up.  However another reason might be that the sales price included some furniture from the unit or other...Continue Reading!

Condos In Coral Gables | Market Update

May 24th, 2011 Written By

Coral Gables Real Estate Vault

So far in 2011 there have been 86 condos sold in Coral Gables.  You can see from the chart above that most of the activity is occuring in the lower-end market.  These figures don't bode well for the luxury buildings such as The Gables Club, Deering Bay, and Gables On The Green where prices typically start over $1,000,000.  If you compared this chart to the rest of Miami-Dade County you would see a very similar distribution.  In Miami-Dade County there have been 5,599 condos sold under $250,000 and 1,434...Continue Reading!

Surprising Prices For Condos In The Gables Club

May 10th, 2011 Written By

Coral Gables Real Estate Vault

It has been nearly two years since The Gables Club experienced their lowest sale on record of $650,000.  Luckily for the condo-owners in The Gables Club we haven't seen prices dip down to that range since then.  However there are two units on the market priced in the $800,000's which is quite surprising to many of us who work the real estate market in Coral Gables because we know that the prices should run well over $1,000,000.  In fact, the average sale price in the past 12 months is...Continue Reading!

The Gables Club Nearly Doubled Their Sales In 2010

February 2nd, 2011 Written By

Coral Gables Real Estate Vault

There were 11 condos sold in The Gables Club in 2010 compared to only 6 during 2009.   This is good news for the Gables real estate market and shows me that buyers have a renewed confidence in the condo market here.  Only 1 of the units sold for under $1,000,000.  This was a 2 bedroom/3 bath condo on the 4th floor and listed by Avatar.  The highest priced condo to sell in The Gables Club was a penthouse unit which went for $9,000,000.  It was 10,000 square...Continue Reading!

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