Coral Gables Gated Communities Category
Hammock Oaks Harbour is a gated community located just south of Fairchild Gardens off of Old Cutler Road. The community offers both waterfront and non-waterfront homes. There are two types of waterfront homes here: lakefront homes and canal-front homes with ocean access. In contrast to most other gated communities in Coral Gables, you can find move-in ready homes in Hammock Oaks that are in the $1,000,000 - $2,000,000 range. Last year, there were just two homes sold in Hammock Oaks. These...Continue Reading!
Luxury homes are a completely different animal when it comes to real estate in Coral Gables. They sell at a different pace, are valued in a different way and are marketed in a unique manner. Homes which have closed for over $3,000,000 in Coral Gables sold in an average of 218 days on the market. This number is significantly higher than the average home in Coral Gables which sells in approximately 89 days. Sellers should be warned that even though the...Continue Reading!
Life in Miami can be so fast paced that many home buyers are looking for a sanctuary where they can completely disconnect. A property has just come on the market in the highly sought-after gated community of Snapper Creek Lakes where you will feel a million miles away from the city. 5295 Fairchild Way sits on a 1.3 acre lot which is full of mature landscaping, meandering brick paths, private grottos, koi ponds and lily ponds. The interior of the home...Continue Reading!
Today I wanted to review Cocoplum's real estate market activity during in 2013. You may remember my recent post about the waterfront homes in Cocoplum. I explained that the waterfront properties had not bounced back from the downturn in the market as much as the non-waterfront homes in Cocoplum. However, when you take a look at the Cocoplum market as a whole, you will see that the community has made a solid recovery in 2013. The average "sale price per...Continue Reading!
Former Miami Heat basketball player and current assistant Coach, Juwan Howard, recently purchased the property at 9440 Old Cutler Lane in the gated community of Journey's End. The home offers 5 bedrooms, 4.5 baths with 5,409 square feet of living space on a 1.7 acre lot. The home was listed for $3,995,000 and sold for $3,400,000. Property was listed by Shelton and Stewart. Juwan Howard sold his Gables Estates home back in 2012 for $10,050,000. Journey's End is a very exclusive...Continue Reading!
Gables Estates is a private, 200 acre gated community situated on Biscayne Bay in Coral Gables. With homes that have an average sale price of $7,000,000, it is certainly one of Florida's most exclusive addresses. Gables Estates was developed in the 1960's by industrialist Arthur Vining Davis (Davis owned an estimated 1/8 of Dade County at the time). Because of the high price point, we don' t typically see a lot of turnover in this community during the course of...Continue Reading!
I created the chart above which shows the history of sales in the gated community of Cocoplum since 2006. You can see that in 2006 & 2007 values peaked for waterfront and non-waterfront homes. The waterfront homes took the hardest hit over the past few years in Cocoplum falling to an average "sale price/square foot" of $496.00 in 2010. Although they have bounced back since then, this is still a segment of the market that has some recovering to do. I believe that...Continue Reading!
Tahiti Beach is an exclusive waterfront gated community in Coral Gables composed of 28 homes. A new property has just hit the market in Tahiti Beach located at 25 Tahiti Beach Island. The home offers 7,813 square feet of living area on a 52,941 square foot lot with 5 bedrooms, 6.5 baths. Some of the special features of the home include a 3,000 wine cellar (my kind of home!), expansive terraces, a modern kitchen and spectacular pool area. The home is listed by Redfin...Continue Reading!
We are seeing this scenario play out again and again across the Coral Gables real estate market. Sellers are experiencing a nice gain on the sale of their home just 1 year after purchase. The perfect example is the home located at 871 San Pedro Avenue in the guard gated community of Coral Bay. This home sold in August of 2012 for a great price of $1,580,000. The owners placed it back on the market in March of 2013 for...Continue Reading!
The home at 560 Reinante Avenue in the gated community of Old Cutler Bay came on the market this week for a list price of $2,200,000. The home is tenant occupied until August of 2014, and the monthly rental income is $7,700 per month. The new owner will assume the current lease that is in place. With values on the rise, this would be a great opportunity for someone who wasn't ready to move but wanted to lock in a...Continue Reading!