Coral Gables Gated Communities Category
This beautiful home just hit the market in Gables Estates, Coral Gables' most exclusive gated community. Priced at $12,950,000 the home offers 450' of water frontage with many special features including a library/game room, two staff quarters, chefs kitchen, Crestron home control system, generator, heated pool with two sunbathing ledges, jacuzzi and infinity waterfall as well as a 70' dock with boat lift. The home is listed by Toni Schrager of Avatar. There are currently 15 homes for sale in Gables Estates...Continue Reading!
The gated community of Cocoplum has had an extremely busy real estate market this year. There have been a total of 22 sales since January 1st, 2011 and there are currently 4 under contract. As predicted, this is going to be a record setting year for Cocoplum. The average home in Cocoplum sells for $2,500,000 at a price per square foot of $416.00. Click here to view homes for sale in Cocoplum, Coral Gables. Click on the chart below to see closed sales in Cocoplum...Continue Reading!
This home in Journey's End was listed for over $5,000,000 a few years back and recently closed for a sales price of $3,750,000. According to the description on the MLS this was a foreclosure property and the home was being offered for $1,000,000 below the judgment amount. The home was not waterfront however the grounds did feature a natural stream, koi pond and waterfrall. The home offered 10,615 square feet of living space on a 75,359 square foot lot. Considering this was...Continue Reading!
Prior to this summer there had not been a single recorded waterfront sale in Cocoplum under $2,500,000. However in June of this year the canal-front home located at 194 Caoba Court closed for $2,225,000 and just this past week the canal-front home located at 184 Paloma Drive closed for $2,300,000. You do have to take into consideration the condition, year and size of these properties but even if you account for those things a sale under $2,500,000 for a waterfront home in Cocoplum is pretty remarkable. This is just more evidence...Continue Reading!
Basketball Court | 460 Marquesa Drive, Gated Community Of Old Cutler Bay | Courtesy of ReMax | Photos And More Information Click Here Summer Kitchen | 9100 Old Cutler Road | Photos And More Information Here | Courtesy of Carole Smith, EWM. Theater Room | 180 Arvida Parkway, Gated Community of Gables Estates | Photos And More Information Here | Courtesy of Avatar. Walk-In Wine Cellar | 130 Casuarina Concourse, Gated Community of Gables Estates | Photos And More Information Here | Courtesy of...Continue Reading!
Homes in gated communities certainly garner a higher value than homes in non-gated communities. The average home in a gated community in Coral Gables is listed for roughly $5,957,000 while the median home is running at about a $4,424,000 list price. Taking a look at the closed sales this year in the gated communities of Coral Gables, there have been approximately 36 homes sold selling at an average of $2,500,000 and a median of $2,000,000. You can see that the demand isn't quite in...Continue Reading!
A nice canal front home came on the market this week in Gables By The Sea priced for just $799,000. Although it seems like an absolute steal to get a waterfront home in the Gables for under $1,000,000, the catch to this property is that there is no access to the Bay. This house would be great for somebody who loves having a water view but doesn't have a boat. The home offers 2,582 square feet of living area on a 12,000 square...Continue Reading!
I wrote last week about the home listed for $10,500,000 in Old Cutler Bay that was placed under contract. The home just came across the MLS as a closed sale and as predicted it garnered the highest sale price we have seen all year in Coral Gables. The home sold for $9,000,000 beating out the sale on Tahiti Beach that occured for $7,500,000 back in June. Below is a breakdown of sold luxury homes in Coral Gables in 2011: $1,000,000 - $2,999,999: 78 Sales $3,000,000 -...Continue Reading!
The above property located at 2 Leucadendra Drive in Gables Estates sold recently for a sales price of $5,150,000 or $972.00 per square foot. This home was on the market for land value or as a renovation project. As you can see the home offered quite a bit of water frontage and was located on a quiet cul-de-sac. This makes the third sale in Gables Estates all year. The other two sales were 225 Leucadendra Drive which sold for $4,750,000 or $666.00 per square foot, and the second occurred...Continue Reading!
For more than 5 years the city of Coral Gables has been home to the highest sale south of Downtown Miami. With sales like 14 Tahiti Beach Drive which closed in 2008 for $14,000,000 or 158 South Prospect Drive closing in 2010 for $14,100,000 it has been hard for any other community to top them. However, so far this year in Coral Gables the highest sale was for $7,500,000 on Tahiti Beach allowing the community of Coconut Grove to far surpass this figure with a $13,419,495...Continue Reading!