Coral Gables Real Estate Category
Back in May of 2015, auto-tycoon Alan Potamkin's spectacular Gables Estates residence at 1 Casuarina Concourse hit the market. Listed by The Jills of Coldwell Banker, the home featured 20,862 square feet of living space, 9 bedrooms, 10.5 baths, pool, gym, tennis court, 1,500 wine cellar, a professional chef's kitchen and 937' of water frontage. After nearly 1 year on the market, Potamkin has now divided the 3.6 acre lot that his current home is situated on and reduced the price...Continue Reading!
There are only 5 homes currently for sale in the sought after neighborhood of The Platinum Triangle. Homes in this area tend to get snapped up quickly due their proximity to the neighboring communities of South Miami and Coconut Grove. It is a very central location in Coral Gables which helps with the daily commute to work and schools. The active listings in The Platinum Triangle range in price from $997,000 to $3,950,000. Sales in this area have ranged over the...Continue Reading!
Our team currently has the hottest listing in Coral Gables......but it's probably not what you would expect. Last month we listed an investment property located at 517 Menendez Avenue for $699,000. Situated on a quiet Gables street, this duplex offered 3 bedrooms, 2 baths upstairs and 3 bedrooms, 2 baths downstairs with tile floors and a washer and dryer in each unit. There are tenants in both the top and bottom of the duplex who are interested in renewing their...Continue Reading!
The real estate market may be slowing down in some respects, but when a well-priced home hits the market buyers are still acting fast. There have been 3 homes that closed for full asking price in the past 30 days in Coral Gables. Some sellers are hesitant to price their property at market value, however, the proof is in the pudding that it is the best way to sell your home quickly and for the highest price. Below is a list...Continue Reading!
We have just listed a great property in a special community known as Little Gables. 1503 SW 43rd Avenue is a charming Spanish style home on a corner lot just nine blocks from Miracle Mile. Some of the special features include new impact glass, hardwood floors, marble baths, tumbled marble patio, french doors and New England shutters. The custom kitchen has an island, wood cabinetry, granite counter-tops and stainless appliances. The expansive master suite has his/hers closets with a spa-like...Continue Reading!
We have just listed a great property in Coral Gables! 1019 Venetia Avenue offers 4 bedrooms, 3 baths, 2,563 square feet of living area and is listed for $899,000. This immaculate and charming home has been updated with new kitchen and baths, new porcelain flooring and a new roof in 2013. Details include a formal living and dining room, 1 bedroom/1 bathroom downstairs (master bedroom and 2 bedrooms upstairs), plenty of closet space, garage and tropical landscaping surrounding the home....Continue Reading!
2015 was another solid year for the Coral Gables real estate market. The average "sale price/square foot" rose from $374 in 2014 to $392 in 2015. And the average sale price increased from $1,271,000 to $1,374,000. The number of sales were virtually the same as last year (533 single family homes sold), but not as high as the record number of sales we experienced during 2013 (634 single family homes sold). In the chart below I have broken down the sales...Continue Reading!
Coral Gables has experienced another year of rising values in 2015. The average home sold for $392.00/square foot compared to $374.00/square foot in 2014 which is a 4.8% increase in value. Although this is good news, the increase is slightly less than what we experienced in the previous 2 years. Between 2013 and 2014 there was a 12% increase in value in Coral Gables. The slow down is a result of lower inventory levels and buyers simply catching their breath on...Continue Reading!
Congratulations to The Riley Smith Group buyers who have just closed on their Coral Gables home located at 1302 Alhambra Circle. This 1930's Old Spanish style property is a registered historic home. As a meeting place for those who gathered to promote equal rights, Resident Roxcy O'Neal Bolton organized numerous rallies and marches here to bring public attention to the special needs of women. In 1999 The Coral Gables Historic Preservation Board put up this marker in front of the...Continue Reading!
Built in 1936, "Java Head" is a historically significant home designed by well known architect Robert F. Smith and has been the residence of Charles Baker (culinary writer) as well as Dr. James Jude (one of the inventors of CPR). The home came on the market back in 2009 at a list price of $13,900,000 and was reduced over the years to a $9,750,000. The best thing about this property was that it was situated on 3 acres of lush,...Continue Reading!