Coral Gables Waterfront Homes Category
This custom built waterfront home in Old Cutler Bay went under contract recently. The list price on the home is $10,500,000 and it offered 6 bedrooms, 7 baths with 10,308 square feet of living space on a 28,725 square foot lot with no bridges to the Bay. If the sellers get close to asking price on this home, it will be the highest priced home to sell in Coral Gables this year. To view all homes for sale in Old Cutler Bay...Continue Reading!
For more than 5 years the city of Coral Gables has been home to the highest sale south of Downtown Miami. With sales like 14 Tahiti Beach Drive which closed in 2008 for $14,000,000 or 158 South Prospect Drive closing in 2010 for $14,100,000 it has been hard for any other community to top them. However, so far this year in Coral Gables the highest sale was for $7,500,000 on Tahiti Beach allowing the community of Coconut Grove to far surpass this figure with a $13,419,495...Continue Reading!
A penthouse unit in the Siena building of Deering Bay closed yesterday for $100,000 over list price. The final sales price was $1,500,000. The condo was only on the market for a matter of days before it went under contract. There are two possible reasons why the unit would sell over list price. The first and most obvious reason is that there were several interested parties and the price was bid up. However another reason might be that the sales price included some furniture from the unit or other...Continue Reading!
If you are looking for the security and privacy of a gated community then Coral Gables has quite a bit to offer you. The price point for most of the gated communities in Coral Gables is fairly high with an average list price of $4,478,000 and an average sale price of $1,627,000 this year. There are currently 91 homes for sale in the gated communities of Coral Gables (roughly 1/3 of all Coral Gables homes for sale) and 25 have sold this year. Cocoplum, Coral...Continue Reading!
Dock space in Coral Gables certainly comes at a premium, you can buy a 3 bedroom house for the same price as a 50 foot dock. Right now there are approximately 13 dock spaces listed for sale on the MLS, half of those currently available are located in Deering Bay while the other half are located in Cocoplum. The buyer must submit an application with the homeowners associations of these communities and may have to pay as much as a $15,000 application...Continue Reading!
I was taking a look at the waterfront sales in Coral Gables this year and noticed that there have been no direct bay-front sales. So far in 2011 all of the waterfront sales occurred on canals, waterways or lagoons. The highest of these occurred on Riviera Drive along the Coral Gables Waterway and sold for $4,500,000. Last year there were 4 properties sold which offerred direct bay views, they sold at an average of $7,000,000 with the highest sale occurring at $14,100,000. I know the numbers, I...Continue Reading!
The canal-front piece of land that I wrote about recently (Urgent: Act Now On Vilabella) on Vilabella Avenue is officially under contract. It was a great opportunity to get a waterfront 12,600 square foot piece of land in this price range. The list price is $770,000, I will keep you posted as to a sales price. Listing agent was Jorge Fernandez of One Sotheby's. If you are interested in buying, selling, building or renting and are looking for a realtor who specializes in Coral...Continue Reading!
Right now there are 3 single family homes listed for sale in the luxury gated community of Deering Bay Yacht & Country Club. Prices range from $1,495,000 to $3,000,000 and all have water views. These homes are unique because you get the benefits of single family living with the amenities of being in a condo. Deering Bay Yacht & Country Club offers a world class Arnold Palmer golf course, 7 lighted tennis courts, fitness center, junior Olympic size pool, locker/steam rooms and a formal dining room and...Continue Reading!
I was out touring Broker's Open houses today and stopped in to see Jorge Fernandez's (One Sotheby's) listing at 701 Vilabella Avenue. I wanted to write about this one quickly because it is going to go fast. Nowhere can you find 100 feet of water frontage in Coral Gables for this price. The house itself is a handyman special, but the value lies in the location. The lot is 12,600 square feet with a 2,262 square foot house. It is being offered...Continue Reading!
Lately I have had several clients interested in canal front properties in Coral Gables. Canal front homes are a good option for people who want to be on the water and have a place to put their boat but cannot afford the prices of a bay front home. There have been 26 canal front homes to sell in Coral Gables this year. The average selling price of these was $2,283,000 and the average price per square foot was $451.00. Keep in mind that...Continue Reading!