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Deering Bay Market Update 2012

May 25th, 2012 Written By

Coral Gables Real Estate Vault

So far this year there have been 6 sales in Deering Bay which almost equals the number of sales the community saw during all of 2011.  One of these sales was a single family home which closed for $1,650,000, three were condos each selling for over $1,000,000 and two were townhouses which sold in the mid $700,000's. Deering Bay has a good amount of inventory on the market right now.  Click here to scroll through townhouses, condos and single family homes for...Continue Reading!

Journey’s End | New Listing Hits The Market

May 24th, 2012 Written By

Coral Gables Real Estate Vault

A new listing has just come on the market in the wonderful gated community of Journey's End.  Journey's End is known for its extremely large lot sizes and this property is no exception.  Located on over 2+ acres of lush grounds, this home offers over 12,000 square feet of living space with 6 bedrooms and 6.5 baths.  The property is listed by Judy and Nathan Zeder of EWM.  For more information on 9570 Journey's End Drive, click here.   There has been 1...Continue Reading!

Gables Estates, New Listing Hits The Market

May 16th, 2012 Written By

Coral Gables Real Estate Vault

In keeping with my previous posts regarding the high activity in Gables Estates, this week another home came on the market in the prestigious gated community.  Located at 9175 Arvida Parkway, the home sits on a very private section of the canal with 44,000 square feet of land and no bridges to the Bay.  Listed for $5,890,000 by Ashley Cusack and Suzanne Feanny of EWM, the home offers 6,129 square feet of living space with 6 bedrooms, 4.5 baths. There have...Continue Reading!

Market Update: Old Cutler Bay, Coral Gables

May 10th, 2012 Written By

Coral Gables Real Estate Vault

The exclusive gated community of Old Cutler Bay is located just north of Matheson State Park and is one of the smaller gated communities in Coral Gables.  Due to its size (just 136 single family homes), we don't typically see a lot of activity here.  This year, there has been 1 closed sale and 3 new listings to hit the market.  The closed sale occurred at 601 Reinante Avenue for $4,710,000 or $657.00 per square foot. Below is more information and photos of the...Continue Reading!

Gotta Love A Description Like That!

May 8th, 2012 Written By

Coral Gables Real Estate Vault

When you list a property for sale on the MLS you are given 500 characters to describe the home and really sell it to potential buyers.  We use this space to highlight special features such as impact windows, wood floors, water frontage etc.  My friend and colleague Javier Gonzalez of ReMax deserves an award for his hilarious (and informative) descriptions...check out his latest piece of work. Buy now and you can thank me later.  Please do not miss this opportunity to enter into the highly...Continue Reading!

The Rich Niche | Riley Smith Interviewed By The Miami Herald

May 7th, 2012 Written By

Coral Gables Real Estate Vault

In case you missed this Sunday's article in the Miami Herald, I was interviewed for the cover story regarding the ultra-luxury real estate market in South Florida.  If you read my blog, you know that this year we have experienced a surge in $5,000,000+ sales in Coral Gables, most of which are selling for cash. Click on newspaper below to read article: If you are interested in buying or selling real estate in Coral Gables and would like to work with a local...Continue Reading!

Pocket Listing Sells In Gables Estates

May 3rd, 2012 Written By

Coral Gables Real Estate Vault

The home located at 360 Casuarina Concourse sold last week in Gables Estates for $12,000,000 adding to the incredible amount of volume that has traded in that community this year.  The property went "active" and "closed" the same day on the MLS indicating that it was a pocket listing (Broker on both sides was One Sotheby's).  I am seeing these types of transactions occur with much more frequency these days.  Inventory is so low that agents (including myself) are making deals happen...Continue Reading!

Pat Riley Sells Home In Gables Estates For $16,750,000

April 20th, 2012 Written By

Coral Gables Real Estate Vault

This just in.....Pat Riley closed on his house located in the gated community of Gables Estates for $16,750,000.  The home sits on a 2+ acre peninsula with some of the best views in Miami.  Special features included a state of the art media room, 800 bottle wine cellar, private sandy beach, protected boat dockage and expansive outdoor entertaining areas.  Listing agent was Audrey Ross of EWM Realtors, Inc. This sale bumps out 181 Leucadendra Drive as the most expensive home sold in Coral Gables...Continue Reading!

Gables Estates Real Estate Activity Increases – Good Sign For Luxury Homes

April 17th, 2012 Written By

Coral Gables Real Estate Vault

The gated community of Gables Estates is a good barometer for the luxury real estate market in South Florida.   Homes in Gables Estates start at $4,000,000 and go all the way up to $18,000,000 and it is without a doubt Coral Gables' most exclusive and private community. This year we have seen a drastic increase in the amount of activity in Gables Estates.  So far in 2012 there have been 4 sales with a total of $42,845,000 in volume (plus $20,000,000 worth of...Continue Reading!

Snapper Creek Lakes, 2012 Market Update

April 4th, 2012 Written By

Coral Gables Real Estate Vault

Snapper Creek Lakes is a gated community located west of Old Cutler Road in Coral Gables.  Although not directly on the bay, the community does offer canal-front, lake-front and lagoon-front properties.  Snapper Creek Lakes is known for having homes with large lots that offer plenty of privacy.  Prices currently range from $1,999,000 to $7,450,000.  To view homes for sale in Snapper Creek Lakes click here. So far in 2012, there have been 3 closed sales in Snapper Creek Lakes.  First, the short...Continue Reading!

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