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Waterfront Homes In Coral Gables Have Not Risen In Value

December 30th, 2013 Written By

Coral Gables Real Estate Vault

One of the only segments of the real estate market in Coral Gables that has not increased in value during 2013 is waterfront homes.  You may remember my recent post about the values of waterfront homes in Cocoplum which remained stable between 2012 and 2013.  The trend also applies to the rest of the waterfront homes in Coral Gables.  Check out the chart above which shows all waterfront homes sold between 2010 and 2013.  You will see they made a...Continue Reading!

New Townhouse Project Coming To Coral Gables

December 23rd, 2013 Written By

There are only a handful of townhouses located in the city of Coral Gables.  The Village of Campo Sano, Almeria Row, Bermuda Village and the villas at Deering Bay are among the most popular.  There is a new townhouse project slated for Coral Gables called Santander at Coral Gables.   These townhouses will feature 3 bedrooms, 3.5 baths, 2 car garages and an open courtyard.   Units will start at $1,300,000 and go up to $1,450,000.  Square footage is approximately 4,000 including...Continue Reading!

6500 Riviera Drive Sells For $6,200,000 | Record Sale

December 17th, 2013 Written By

Coral Gables Real Estate Vault

The property at 6500 Riviera Drive closed this week for a sales price of $6,200,000.  At $724.00/sq. ft., it is the highest "sale price/square foot" for a home sold in 2013 that is not in a gated community. I toured 6500 Riviera Drive with a client of mine and can see why it garnered such a high price.  It is located on the widest section of the Gables Waterway on a large 22,950 square foot lot, offers 150 feet of water...Continue Reading!

Gables Estates Market Update | 2013 In Review

December 12th, 2013 Written By

Coral Gables Real Estate Vault

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!

5809 Michelangelo Street Sells Above Asking Price

December 10th, 2013 Written By

Coral Gables Real Estate Vault

The home located at 5809 Michelangelo Street in Coral Gables just closed for over asking price.  Although the home was not turn-key ready, it had great bones and was priced in the "sweet spot" of $500,000 to $1,000,o00.   The home offered 2,582 square feet of living space on a large 10,000 square foot lot with 4 bedrooms, 3 baths.   It was listed for $750,000 and went under contract in 5 days which indicates that there was a significant amount of...Continue Reading!

The End Of 2013 Is Fast Approaching…Here Is What You Can Expect

December 9th, 2013 Written By

Coral Gables Real Estate Vault

I wanted to give all the buyers and sellers out there a brief synopsis of what they can expect in the coming weeks as 2013 wraps up. We won't see many new listings hitting the market because people are busy getting ready for the holidays or heading out of town and would rather wait until the beginning of 2014 to list. If you already have your house on the market for sale, you can expect an overall drop in the number of...Continue Reading!

Best Of Both Worlds | Old Spanish Exterior With Modern Interior

December 3rd, 2013 Written By

Coral Gables Real Estate Vault

This unique property just hit the market in Coral Gables.  Located at 537 San Lorenzo Avenue, it has the exterior of an Old Spanish home but the amenities and style of a modern home on the interior.   The home offers 3 bedrooms, 3 bathrooms with a gourmet kitchen, eat-in island, Bosch appliances, a lush courtyard and large family room with built-in office.  The master suite has a large walk in closet and spa bath.  The property is listed for $925,000...Continue Reading!

How Many Sellers Got It Right The First Time?

December 2nd, 2013 Written By

Coral Gables Real Estate Vault

Pricing a home takes a solid understanding of where the market is now and where it is headed.  Instead of focusing strictly on past sale comparables there are many other factors that need to be considered.  Does the home have any special features that will add or take away value?  What is the demand for the type of the home that you are trying to sell?   Looking forward, you need to ask where prices are going to be in the...Continue Reading!

Home On Jeronimo Drive Garners Top Dollar

November 27th, 2013 Written By

Coral Gables Real Estate Vault

The home located at 743 Jeronimo Drive closed this week for a sales price of $883,500 or $419.00 per square foot.  The home had been recently renovated with impact windows and doors, new septic system, roof, kitchen and baths.  The home was also located on a oversize 10,000 square foot lot.  It is no surprise that it was on the market for just a few weeks before going under contract.  Listing agent was Ashley Cusack of EWM. This is the highest...Continue Reading!

New Construction Homes In Coral Gables

November 25th, 2013 Written By

Coral Gables Real Estate Vault

Sometimes buyers are looking for a new construction home because it gives them a certain level of comfort knowing that the home is brand new with a new roof, new appliances, impact windows etc.  New construction homes also afford buyers many of the modern features that they can't find in some of Coral Gables' older homes such as an open floor-plan, garage and storage space. New construction homes sell at a premium in the Gables.  There have been approximately 7 sold...Continue Reading!

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