The Platinum Triangle Category
There are only 5 homes currently for sale in the sought after neighborhood of The Platinum Triangle. Homes in this area tend to get snapped up quickly due their proximity to the neighboring communities of South Miami and Coconut Grove. It is a very central location in Coral Gables which helps with the daily commute to work and schools. The active listings in The Platinum Triangle range in price from $997,000 to $3,950,000. Sales in this area have ranged over the...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!
The Platinum Triangle is an area of Coral Gables that is highly desirable due to its convenient location between Old Cutler Road and Ponce de Leon Boulevard. Homes in The Platinum Triangle tend to get snapped up very quickly and sell for a premium compared to other Coral Gables neighborhoods. There have been 4 homes sold in The Platinum Triangle this year. They closed for an average sale price of $954,000 or $372.00/sq. ft. (other non-waterfront homes in Coral Gables...Continue Reading!
The Platinum Triangle is a highly coveted neighborhood situated south of Sunset Drive, between Ponce de Leon Boulevard and Old Cutler Road in Coral Gables. Homes here tend to have fewer days on the market and sell for slightly higher prices than comparable homes in other areas of Coral Gables. Case in point is 724 Tibidabo Avenue which recently sold for $940,000 or $391.00 per square foot. This home went under contract after just a few weeks on the market and...Continue Reading!
In talking with sellers all over Coral Gables, many are curious about why some homes garner top dollar and others do not. We all know that homes in gated communities or waterfront properties are going to sell for much higher values. But what about the average non-waterfront, non-gated home in Coral Gables priced under $1,000,000? Below are a few of the highest "Sale Price/Square Foot" homes in Coral Gables under $1,000,000 along with their "Top Dollar Factors". 1516 Trevino Avenue |...Continue Reading!
The Platinum Triangle in Coral Gables is located just west of Old Cutler Road and south of Sunset Drive. Homes in this section of Coral Gables typically sell for a slight premium however I have never seen such a drastic difference in price as we are experiencing now. So far this year, homes in the Platinum Triangle have sold for an average of $348.00 psf which is significantly higher than the average home in Coral Gables right now. This is great...Continue Reading!
The home located at 7801 Erwin Road in the Platinum Triangle closed last week for a sales price of $1,915,000 or $355.00 per square foot. The tax rolls reported 3,355 as the square footage of the property however an appraisal showed the true square footage to be 5,385. Often times the tax rolls do not reflect the accurate square footage of a home and an appraisal is necessary. The home was originally listed for $2,999,999 but once they reduced the price to $2,799,000...Continue Reading!
A new listing came on the market this week in the Platinum Triangle area of Coral Gables located at 710 Tibidabo Avenue. For those of you who aren't familiar with the Platinum Triangle you can read the post I wrote awhile back titled The Platinum Quadrangle. This home offers 2,304 square feet of living space on a 9,400 square foot lot with 4 bedrooms and 3 baths. It is completely turn-key ready with an updated kitchen and baths. The home is listed for...Continue Reading!
We had such a great response from our Golden Triangle post yesterday that we wanted to do a follow-up with The Platinum Triangle of Coral Gables. Keep in mind that these designations are not clear cut on any map but rather a word of mouth type label. You could ask 25 realtors what the exact boundaries are, and you may get 25 different responses. But we do know that the general area of The Platinum Triangle is bordered by Sunset Drive...Continue Reading!
The Platinum Triangle is a very desireable location in Coral Gables. Believe it or not, the prices in the Platinum Triangle start at $589,000. Most of the homes in this area were built in the 1950's and updated, but there are a few new construction homes that have come on the market as well. Check out a few properties currently for sale in The Platinum Triangle. 6710 Tarrega Street | Built In 2009 | 5 Bedrooms, 5 Baths | 4,274 Square Feet | 9,200 Sq. Ft....Continue Reading!