Coral Gables Real Estate Category
I created the chart above which shows the history of sales in the gated community of Cocoplum since 2006. You can see that in 2006 & 2007 values peaked for waterfront and non-waterfront homes. The waterfront homes took the hardest hit over the past few years in Cocoplum falling to an average "sale price/square foot" of $496.00 in 2010. Although they have bounced back since then, this is still a segment of the market that has some recovering to do. I believe that...Continue Reading!
When you take a look at the chart I created above, you will see that the segment with the highest number of homes sold in Coral Gables this year is the $500,000 to $1,000,000 price range. I like to call it "the sweet spot" because homes in this price range are in VERY high demand. When you put these homes on the market and price them right, they sell FAST. A result of the increased demand has been a large increase...Continue Reading!
I am thrilled to announce our new website - TheRileySmithGroup.com. Click on the image above to learn more about The Riley Smith Group and the members of our team. "With the principles of honesty and integrity as their guiding philosophy, The Riley Smith Group has become a leader in the South Florida real estate market. The team is recognized for their superior level of market knowledge and strategic insight into the intricacies of selling and buying real estate. Their commitment to the client...Continue Reading!
When 412 Gerona Avenue hit the market back in September, I knew it would sell quickly and for close to asking price. Situated on a great street, the home was turn-key ready with top of the line appliances, impact windows and doors, updated kitchen & baths and an open floor plan. Most importantly, it was priced under $800,000 which is the segment of the market which is in highest demand right now. Not surprisingly, the home closed this week for...Continue Reading!
When George Merrick had the vision to create the City of Coral Gables back in the 1920's, he enlisted the help of architect George Fink to help him plan the City. George Merrick wanted to build homes with "purely Spanish lines and of coral rock construction." George Fink played a major role in designing the buildings that George Merrick envisioned. A George Fink designed home has just hit the market at 814 Santiago Street. Some of the architectural details include...Continue Reading!
We were contacted a few months ago by a wonderful couple who had been looking for a home in Coral Gables for quite some time. They had been unsuccessful in finding the right property in this competitive market with very little inventory. Jessica Adams, one of our luxury buyer specialists, was confident that she could match them with the right Coral Gables home. When 1241 Campo Sano Avenue hit the market just a few weeks later, she knew it was...Continue Reading!
Tahiti Beach is an exclusive waterfront gated community in Coral Gables composed of 28 homes. A new property has just hit the market in Tahiti Beach located at 25 Tahiti Beach Island. The home offers 7,813 square feet of living area on a 52,941 square foot lot with 5 bedrooms, 6.5 baths. Some of the special features of the home include a 3,000 wine cellar (my kind of home!), expansive terraces, a modern kitchen and spectacular pool area. The home is listed by Redfin...Continue Reading!
We are seeing this scenario play out again and again across the Coral Gables real estate market. Sellers are experiencing a nice gain on the sale of their home just 1 year after purchase. The perfect example is the home located at 871 San Pedro Avenue in the guard gated community of Coral Bay. This home sold in August of 2012 for a great price of $1,580,000. The owners placed it back on the market in March of 2013 for...Continue Reading!
If you live in Coral Gables then you have driven by this house on Sunset Road countless times. I have no doubt that it has caught your eye at least once or twice for its beautiful architecture and design. Just listed by my colleague here at EWM Realty, JoAnn Forster, this home just hit the market for a list price of $5,495,000. Recently completed in 2008, this French style country home offers 7,550 square feet of living area which includes...Continue Reading!
The home at 560 Reinante Avenue in the gated community of Old Cutler Bay came on the market this week for a list price of $2,200,000. The home is tenant occupied until August of 2014, and the monthly rental income is $7,700 per month. The new owner will assume the current lease that is in place. With values on the rise, this would be a great opportunity for someone who wasn't ready to move but wanted to lock in a...Continue Reading!