Coral Gables Waterfront Homes Category
The owners of 150 Edgewater Drive garnered an unbelievable price for this partially completed new construction home on the Gables Waterway. Sale price was $7,500,000. The home was not located in a gated community and did not have direct bay views. However, part of its value came from the large 36,960 square foot lot and 13,746 square feet of living area. The estimated cost to finish the house was $1,261,000. This is the highest priced home to sell in the past 18 months...Continue Reading!
If you are looking for a home with the best location and best views in Coral Gables then look no further. 4 Tahiti Beach Island is situated on its own beachfront peninsula on prestigious Tahiti Beach Island. This is currently the most expensive property listed for sale in Coral Gables (next is 9151 Arvida Lane for $18,000,000). Listing agent for 4 Tahiti Beach Island: The Jills, Coldwell Banker. The home offers all of the amenities you would expect from an ultra-luxury...Continue Reading!
The "Sale To List Price Ratio" for a given neighborhood tells you on average the amount that homes are selling off of their asking price. For example, a "Sale/List Price Ratio" of 95% would indicate that the home sold just 5% off of its list price. For single family homes this year (both waterfront and non-waterfront), Coral Gables has seen a ratio of 93%. This number has steadily increased from 91% in 2011, and 89% in 2009. The increase is likely...Continue Reading!
If you are looking for a waterfront home in Coral Gables you will find the most bang for your buck in the Sunrise Harbour community located just north of Cocoplum. Waterfront homes here have sold between $1,500,000 to $4,500,000 this year which is considerably lower than other areas of the Gables. And the unique thing about these properties is that there are zero bridges to the bay, unlike similar homes you will find in Cocoplum and along the Gables Waterway. The perfect example...Continue Reading!
In connection with my recent post about the inventory levels in Sunrise Harbour (read here), I wanted to update you with a new listing that just hit the market there. 6959 Sunrise Drive came on the MLS at a list price of $8,950,000. The home was designed by architect Ramon Pacheco and offers 8,111 square feet of living space on a 16,500 square foot lot. How would you like to wake up to those views every morning? View more photos and information here. Listed by Mauricio...Continue Reading!
I wind my way through Coral Gables every morning on my way to take my daughter to school. My favorite part of the drive is when I make the turn off of Miller Road onto Riviera Drive. Riviera is a beautiful street that is wider than most in Coral Gables and it is dotted by massive oak trees along either side. Half of the properties are canalfront (situated on the Coral Gables Waterway) while the other half are located on dry lots. The homes...Continue Reading!
Despite the turnaround in the market, you can still buy a waterfront property for significantly less than what you would have paid just 4 years ago. Check out the chart above which shows the average "sale price per square foot" of waterfront homes in Coral Gables over the past 6 years. Here are some other facts about waterfront homes in Coral Gables. There have been 60 waterfront sales in Coral Gables this year which took on average 187 days to sell. The average waterfront...Continue Reading!
With the typical bayfront home running about $10,000,000 in Coral Gables, this home that just hit the market in Coral Bay is a great opportunity. Coral Bay is a gated community just north of Deering Bay off of Old Cutler Road in Coral Gables. This home located at 850 San Pedro Avenue was updated in 2012 and offers unobstructed views of Biscayne Bay with protected boat dockage. Listing courtesy of Avatar. For more photos and information of this property, click...Continue Reading!
Even though I live, eat, and breathe real estate, there are many days where I wish I could drop everything and get out on my boat. Unfortunately the market is so busy lately that it seems my boating days are few and far between. I have found however that selling and showing homes on the water is the next best thing. With 56 sales so far this year (16% of the total Coral Gables sales), the waterfront market is very strong in...Continue Reading!
In honor of Miami Heat's big win last night I thought I would post some luxury Coral Gables homes that would be suitable for these NBA National Champions. Some of the items likely on their wish list? Waterfront, gated community, high ceilings, spacious rooms, multi-car garages, great entertaining areas and plenty of land for privacy. Here are my top choices.... 33 Arvida Parkway in Gables Estates is listed for $13,900,000 and has a more contemporary feeling than some of the other multi-million dollar...Continue Reading!