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Coral Gables Real Estate Market Update

February 28th, 2014 Written By

Coral Gables Real Estate Vault

Today is the last day of February and I wanted to give you an overview of the Coral Gables real estate market as it stands today. There have been 51 home sales so far in 2014 with a total volume of $55,369,000.  This figure is down from the same time period during 2013 where we saw 74 homes closed with a total volume of $76,863,000. Homes so far in 2014 have closed at an average "sale price/sq. ft." of $348.00.  This...Continue Reading!

Number Of Homes For Sale In Coral Gables Reaches 2 Year High

February 26th, 2014 Written By

Coral Gables Real Estate Vault

Check out the chart above which shows the number of homes for sale in Coral Gables over the past 3 years. There are currently 299 homes for sale in Coral Gables which is a figure we haven't reached since early 2012.  More and more sellers want to capitalize on the increasing home values and are placing their properties on the market. I do have some concerns that rising prices will deter buyers, particularly in the entry-level market.  Coral Gables has the...Continue Reading!

A Beautiful Sanctuary In Snapper Creek Lakes

February 25th, 2014 Written By

Coral Gables Real Estate Vault

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!

New Townhouse Hits The Market In Coral Gables

February 20th, 2014 Written By

Coral Gables Real Estate Vault

This new townhouse in Coral Gables has just come on the market listed by Jo-Ann Forster of One Sothebys.  I am sure that it will garner a significant amount of interest considering that there are very few townhouses for sale in Coral Gables.  Townhouses are very appealing to buyers because they have the benefit of being "lock-and-go" while maintaining some of the features of a single family home. This property is located at 483 Menendez Avenue (#10), just steps from the...Continue Reading!

The Riley Smith Group Ranks #5 At EWM!

February 18th, 2014 Written By

Coral Gables Real Estate Vault

I just wanted to extend a big thank you to all of our past clients who trusted us with their real estate transactions in 2013.  With $50,000,000 in sales last year, I am thrilled to report that we ranked #5 out of more than 750 real estate agents in Miami-Dade and Broward County.   With the help of our team members Dominique Duque, Liz Perdigon, Jessica Adams and Carleen Smith, we sold over 65 homes. The way things are shaping up,...Continue Reading!

Waterfront Home On Riviera Sells $52,000 Above List Price

February 16th, 2014 Written By

Coral Gables Real Estate Vault

The home located at 4706 Granada Boulevard (listed by Slesnick and Jochem) closed last week for $1,800,000 - the home was listed for $1,748,000.  There were several factors that contributed to this scenario.  First, the home sat on large 18,524 square foot waterfront lot with boat dock.  Second, it was in very good condition with a nicely updated kitchen.  And the last factor was location.  There are very few waterfront homes priced under $2,000,000 in the North Gables area. This is...Continue Reading!

New Listing Hits The Market In The French Country Village Of Coral Gables

February 13th, 2014 Written By

Coral Gables Real Estate Vault

The French Village is an extremely sought after location. These free standing homes were designed by Coral Gables founder George Merrick.  They were built to lure northerners to Coral Gables by their unique design.  Homes in the French Village do not turn over very often so they tend to sell quickly and at a premium. Yesterday, the home at 536 Hardee Road in the French Village came on the market a list price of $2,200,000.  Listed by my colleague Carole Smith...Continue Reading!

Plans Revived For “Old Spanish Village” In Downtown Coral Gables

February 6th, 2014 Written By

Coral Gables Real Estate Vault

I have been tracking the "Old Spanish Village" project located on Ponce de Leon Boulevard since 2009.  Back then plans were in the works to develop a gated community of luxury townhomes and condos.  It was a joint venture between Ralph Sanchez and Mas Group.  In December of 2010, the project fell victim to the recession and was placed on the market for sale.  In July of 2011 it was sold for $30.55 million to Agave Holdings which also built...Continue Reading!

Just Sold By The Riley Smith Group At The Gables Club!

February 3rd, 2014 Written By

Coral Gables Real Estate Vault

Congratulations to our sellers who just closed on their condo at The Gables Club.  This unit was in impeccable condition and offered open living spaces with volume ceilings and walls of glass.  The expansive master suite contained  a luxurious master bath and its own private terrace perfect for taking in the views.   This unit (60 Edgewater, PH3F) had 3,165 square feet of living space with 3 bedrooms, 3 baths and sold for $2,050,000 or $647.00/sq. ft..  The Gables Club offers five...Continue Reading!

Exquisite Golf Course Front Property In Coral Gables

January 30th, 2014 Written By

If you like to play golf like I do, you might be looking for a home situated directly on one of Coral Gables' finest courses.  A spectacular home located on The Biltmore Golf Course has recently hit the market.  This is an original Walter De Garmo historical estate that offers 9,517 square feet of living area on a 23,240 square foot lot with 8 bedrooms and 6.5 baths.  Walter De Garmo designed many of Miami's grand homes and was George...Continue Reading!

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