Coral Gables Real Estate Category
When the home located at 821 Obispo Avenue hit the market for $543,000, it received a flurry of activity and offers. Not only was this home listed for under $600,000 but it was a bank owned property - which only increased buyer's interest. Not surprisingly, the home went under contract in less than 7 days. The home closed well over asking price this week at $580,274 (cash deal). Many buyers these days still hope to snag one of these elusive foreclosures....Continue Reading!
Ask any Realtor and they will tell you that Zillow is the bane of their existence. 1 out of every 2 listing appointments that I go on, I am asked about a property's Zestimate on Zillow. I think that Zillow works great in some markets where homes don't vary much by price, style, condition and age. But for areas like Coral Gables where every home is so unique, I believe that Zillow gets it wrong most of the time. For...Continue Reading!
Miracle Mile, one of Coral Gables most recognizable shopping areas, will be getting a complete makeover in the coming months. The City of Coral Gables has hired Cooper, Robertson and Partners of New York to design a more pedestrian friendly street with wider sidewalks, garden areas, more trees, and to install better lighting and new public artworks. The project will cost $20 million with half of the money coming from the city and the other half from business owners along...Continue Reading!
If you were in town over President's Day weekend, then you know how fantastic the weather here was...crystal clear skies with temperatures in the low to mid 70's. But when you live here full time, it is easy to take our sunny weather for granted. Not only would blizzard conditions and zero degree temperatures put a damper on your weekend plans, but it also slows down the process of getting your home sold! A Realtor friend of mine, Sue Adler, who...Continue Reading!
The home at 2 Casuarina Concourse in the exclusive gated community of Gables Estates has finally closed for $8,642,700. The home was designed by mid-century architect Alfred Browning Parker known for his unique, modern style. The property offered 85,431 square feet of land with 580 square feet of water frontage and was selling for land value. The home was not oriented to take advantage of the water views because it was designed to showcase high-end artwork which would be ruined...Continue Reading!
If you have been looking for a home to completely renovate or land to build a new home, then you will want to check our latest Coral Gables home for sale. The Riley Smith Group has just listed the property at 5030 Orduna Drive in South Coral Gables. This home is located on a rare 12,700 square foot corner double lot. This home is located on a quiet street close to the Riviera Country Club, Biltmore Hotel, Shops of Merrick...Continue Reading!
In case you missed The Miami Herald this weekend, EWM announced its 2014 Top Producers. I am proud and honored that The Riley Smith Group ranked #4 out of 800 agents. We were also the #1 Top Realtors in the Coral Gables office with over $69,000,000 sold and 120 transactions. I would like to thank our fantastic team for helping us reach our goals every year! Our hard-working agents include Dominique Duque, Jessica Adams, Carleen Smith, Liz Perdigon, Bea Citron and...Continue Reading!
Now that the economy has turned around, we are seeing fewer and fewer foreclosures come on the market in Coral Gables. Typically when they do hit the MLS, they are under contract in a matter of days and the buyers are usually investors who offer very favorable terms (i.e. cash and a quick closing!). The property at 6815 Brighton Place came on the market in 2014 as a foreclosure and sold right away for $1,300,299. The home offered 5 bedrooms,...Continue Reading!
An average home in Coral Gables is situated on a lot size between 5,000 and 15,000 square feet. You will find homes in all price ranges located on lots of this size. If you are looking for a home with a larger piece of land (15,000+ square feet), you will find that these homes are listed for over $1,000,000. Insider's Tip! If you do happen upon a home listed under $1,000,000 that comes with a 15,000+ square foot lot, it...Continue Reading!
A piece of land located at 510 Tivoli Avenue closed this week for full price of $1,050,000 (Broker was Avatar). This was an 11,000 square foot lot on a rarely available street in The Platinum Triangle. It closed for $95.00 per square foot which is very high for land in Coral Gables. Typically we see non-waterfront lots in Coral Gables sell for an average of $50.00 per square foot. Take a look at the below spreadsheet of all non-waterfront land...Continue Reading!