Coral Gables Gated Communities Category
The gated community of Snapper Creek Lakes is a very exclusive, private neighborhood where homes sit on large lots separated by lush foliage and towering trees. The year started off in Snapper Creek Lakes with a nice assortment of homes for sale which ranged in price from $1,900,000 to $9,000,000. However, the 4 lowest priced homes have been snapped up and the entry-level price right now in Snapper Creek Lakes is a whopping $4,900,000. The average "sale price per square foot"...Continue Reading!
I still believe that the best bang for your buck for waterfront homes in Coral Gables is the Sunrise Harbour neighborhood. Case in point is this week's sale which occurred at 6835 Sunrise Place for $2,175,000. This home offered a 14,000 square foot lot with 100 feet on the water and no bridges to the Bay. There have been 6 sales in Sunrise Harbour this year, they have ranged in price from $2,175,000 all the way up to $2,800,000 (also from $413.00...Continue Reading!
The gated community of Snapper Creek Lakes is home to some of Coral Gables most exquisite properties. This year, homes in Snapper Creek Lakes have sold for an average of $498.00 per square foot, which is surprisingly high considering they are not waterfront homes (Cocoplum is selling at an average of $495.00 psf). There have been 4 sales in Snapper Creek Lakes this year, and there is 1 currently under contract which is listed for $4,799,000. During 2012 there were 6...Continue Reading!
Not surprisingly 2013 hasn't been the record setting year in the gated community of Gables Estates that we saw last year. After all, it would be hard to beat 2012's total sales volume of $129,770,000. So far this year, Gables Estates has had just 5 sales with an average sale price of $7,240,000. The total volume this year is $36,200,000 and there is just 1 home that is pending. We have also seen the average sale price per square foot...Continue Reading!
11 of the 17 lots for sale in Coral Gables are priced abvoe $1,000,000. However, 99% of the lots sold this year have traded under $1,000,000 which tells us that the supply and demand are out of balance in this segment of the market. Much of what is currently for sale is located in a gated community or on the water which raises the average sale price per square foot from $50.00 to $80.00 and higher. Typically buyers who are interested in waterfront...Continue Reading!
The lakefront home located at 5001 Hammock Lake Drive closed this week for $5,500,000. This is the highest sale price we have seen for a lakefront home in Coral Gables since the sale of 4900 Lake Lane back in 2007 which was located on a private island and closed for $8,150,000. Broker of 5001 Hammock Lake Drive was A and D Group Realty. Details of 5001 Hammock Lake Drive: - 8,376 Square Feet Of Living Area - 35,284 Square Foot Lot - 7 Bedrooms, 8 Baths The...Continue Reading!
Back in March I reported that Cocoplum was having a slow start to 2013 with just 1 closed sale. Since then, there have been 6 more sales with a combined total volume of $18,000,000. It appears that the gated community is on track to sell approximately the same number of homes as they did last year. In 2012 there were 21 home sales with a total volume of $56,000,000. It will be hard to beat the record year they had in...Continue Reading!
It is not easy to find a waterfront home with no bridges to the Bay for under $2,000,000 in Coral Gables. That is why I believe 13035 Nevada Street in Gables By The Sea will sell fast! Listed at $1,850,000 the home is located on a canal with no bridges to the bay and also offers impact windows & doors, hardwood floors, fireplace, updated kitchen, Florida room, boat lift, davits, large family room, pool and a canopied upstairs balcony. Property is listed by Coldwell Banker. Details of 13035 Nevada...Continue Reading!
The prestigious gated community of Gables Estates had a record year during 2012 with a total sales volume of $129,770,000 (comprised of just 13 home sales). However 2013 was turning out to be a much slower year for Gables Estates with zero sales to report during the first quarter. Luckily 400 Arvida Parkway closed in early April giving them their first sale of the year. The property offered direct bay views with 13,668 square feet of living space on a 41,382...Continue Reading!
I have been tracking this foreclosure property in Gables By The Sea for several months. It hit the market back in June of 2012 at a list price of $1,100,000. Since then, it was placed under contract several times and had a list price increase to $1,216,300. The home finally sold this week for a sales price of $1,000,000. The home needed a major renovation and completion but offered 5 bedrooms, 6 baths with 4,795 square feet of living space on...Continue Reading!