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 $869,000 by Teresita DeBlank.  For more photos of 710 Tibidabo click here.

I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here.

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 on the north, Davis Road to the south, Erwin Road to the west and Old Cutler Drive to the east.   Not exactly a triangle, but the “Platinum Quadrangle” doesn’t have the same ring to it.

Does the Platinum Triangle garner the same prestige as The Golden Triangle? Not according to my estimates.  While there is some increase in value for these homes it does not compare to the increase in value seen in The Golden Triangle. 

There are currently 7 homes for sale in the Platinum Triangle with an average asking price per square foot of $352.00.  To view homes for sale in The Platinum Triangle click here.  There have been 6 closed sales (see map above) this year at an average sale price per square foot of $286.00.  The average days on the market for homes sold in 2010 in The Platinum Triangle is 90 days (the average in the Golden Triangle was 45 days).

I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here.

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. Lot | Asking Price: $1,599,000 | Broker is One Sothebys

701 Coronado Street | Built in 1956|  4 Bedrooms, 3 Baths | 3,440 Square Feet | 19,422 Sq. Ft. Lot | Asking Price: $1,197,000 | Broker is ReMax

Other properties for sale in the Platinum Triangle of Coral Gables include:

• 720 Coronado Avenue 5 Beds/4 Baths, $1,200,000
• 7020 Mindello Street 4 Beds/3 Baths, $1,390,000
• 7750 Mindello Street 3 Beds/2 Baths $589,000
• 7320 Mindello Street 5 Beds/6 Baths $1,950,000
• 631 Santurce Avenue 3 Beds/2 Baths $659,000
• 510 San Juan Drive 3 Beds/2 Baths $738,000
• 521 San Juan Drive 4 Beds/3 Baths $855,000
• 750 San Juan Drive 3 Beds/3 Baths $895,000
• 743 Tibidabo Avenue 4 Beds/2 Baths $849,000
• 6411 Leonardo Street 3 Beds/2 Baths $699,000
• 6511 Riviera Drive 4 Beds/3 Baths $1,295,000

If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced Realtor, please contact me at 305.342.1623 or send me a note here.  To receive a custom market snapshot of your current property just enter your home address here.