Coral Gables Real Estate Category
Great article on Curbed.com today about the home located at 6705 San Vicente Avenue listed by Laura Mullaney of Coldwell Banker. This home was designed by society architect Marion Sims Wyeth in the Cape Dutch style for George Merrick's Dutch South African village. Built in the 1920's, it exudes charm and character. The home offers 5 bedrooms, 3.5 baths with 3,304 square feet of living space on a 7,000 square foot lot. It is listed for $2,175,000. Other homes by...Continue Reading!
There have been 33 waterfront homes sold in Coral Gables this year. This includes canal-front, bay-front and lake-front properties. These homes have closed for an average of $636.00 per square foot which is an increase of almost $100.00/sq. ft. from 2013. This segment of the market has experienced one of the highest rises in value in 2014. Five of the waterfront properties that sold this year were partially completed homes or homes that required major renovation. There have been two direct...Continue Reading!
The market is very tight for properties in Coral Gables priced under $800,000. Homes in this segment of the market fly off the shelves and tend to sell very close to list price. In fact, the average "sale price to list price" ratio for homes listed under $800,000 in Coral Gables is 95%. For homes listed over $800,000 the ratio falls to 90%. It is essential to act quickly and put in a strong offer if you want to...Continue Reading!
Plans have been submitted to the City of Coral Gables for a major renovation and expansion of the Publix on Le Jeune Road. The grocery store will increase from 43,000 square feet to 57,000 square feet as part of a full-block development which will also include 282 residential units and a 793 space parking garage. The building will be 18 stories high. This transformation from a single-use to a mixed-use project is part of a trend we are seeing all over...Continue Reading!
Last year it seemed like every other deal in Coral Gables was selling at or above list price. If you were the type of buyer who liked to negotiate, then you were out of luck on many properties which came on the market. In fact, during 2013 there were 144 single family homes in Coral Gables which sold for full price or higher. This year the market has certainly slowed down. As of today, there have been only 27 homes...Continue Reading!
There was a great article in Miami Today this week about the affordable prices of Miami's luxury homes. Compared to other top cities, our luxury real estate sells at a much lower "price per square foot" . While many markets see price per square foot values as high as $1,500 or even $2,000 per square foot, Miami is a bargain at just $559.00 per square foot. Even more of a deal are homes in Coral Gables where the average...Continue Reading!
Take a look above at the statistics I calculated this morning on the Coral Gables real estate market to date in 2014. It looks impressive right? If you are a homeowner then you are very happy with where values have risen to over the past year. $359.00 per square foot is one of the highest "average" figures Coral Gables has ever experienced. During the same time period last year the average sale price per square foot was coming in at...Continue Reading!
Congratulations to our buyers who closed today on their home at 140 West Sunrise Avenue in the Sunrise Harbour neighborhood of Coral Gables. These clients were relocating from out of town and looking for a 4 bedroom home under $1,000,000. After many months of searching for the right property, our buyer specialist Dominique Duque found them the perfect home. As soon as 140 West Sunrise Avenue came on the market she quickly got them in to see it and...Continue Reading!
1541 Bella Vista Avenue The home located at 1541 Bella Vista Avenue in Gables By The Sea hit the market last week. Listed for $1,399,000, it is priced to sell and a great opportunity to purchase a waterfront home for under $1,500,000 in Coral Gables. Built in 1994, this home is in pristine condition with top of the line amenities including a 2008 Poggenpohl kitchen, large master suite with his/her walk in closets, impact windows and doors throughout, emergency...Continue Reading!
Snapper Creek Lakes is one of the most sought after gated communities in Coral Gables. Most homes are located on at least 1 acre of property with lush, tropical foliage. It is a secluded oasis amid the hustle and bustle of Miami. Snapper Creek Lakes offers lake front homes s as well as canal front homes with just 1 bridge to the bay. So far in 2014 there have been 3 closed sales in Snapper Creek Lakes. These homes had an...Continue Reading!