Coral Gables Real Estate - Coral Gables Real Estate Blog

Home Sells On Coveted Santa Maria Street For $3,225,000

Riley Smith — Wed, 19 Jun 2013 01:03:29 +0000

4320 Santa Maria Street is one of George Merrick’s original Pioneer village homes. Built in 1926, the home is situated on the 15th hole of the Riviera Golf Course and was extensively restored in 2008 to include exquisite built-in cabinetry, slate roof, luxurious master suite as well as a separate garage apartment and whole house generator. The home offered 6,550 square feet of living space on a 16,875 square foot lot and closed for $3,225,000 or $492.00 per square foot. Listed by Judy and Nathan Zeder of EWM.

Santa Maria Street is one of the most sought after and prestigious streets in Coral Gables. There are currently 3 homes listed for sale on Santa Maria; click here to scroll through photos and more information on these properties.

The real estate market in Coral Gables is changing rapidly, call us today for a no pressure home valuation. We would be happy to sit down with you and go over all of the recent comparables. Please contact me at 305-342-1623 or send me a message here.

The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.

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Pending Sales On The Rise In Coral Gables

Riley Smith — Mon, 17 Jun 2013 16:37:46 +0000

The number of pending sales continues to rise in Coral Gables. Back in December of 2012, I reported that there were a total of 96 homes under contract in Coral Gables. In February of 2013, pending sales increased to 107. Today, we have 121 homes currently under contract.

Buyers are not being deterred by higher prices! In fact, quite the opposite. Most buyers believe that they better lock in a home now before values rise any more.

The Coral Gables real estate market is changing on a daily basis. Whether buying or selling, if you want to work with Realtors who know the numbers and track the market, feel free to contact us at 305-342-1623 or send us a message here.

Sold By The Riley Smith Group In Coral Gables | 137 Morningside Drive

Riley Smith — Fri, 14 Jun 2013 17:16:41 +0000

Congratulations to my sellers at 137 Morningside Drive who just closed on their home. We listed and pended this property in just 2 weeks and sold it for 94% of its list price which is above average in the Coral Gables market.

Details of 137 Morningside Drive:

3,051 Square Feet Of Living Space
10,500 Square Foot Lot
5 Bedrooms, 4 Baths
2 Car Garage
Pool
List Price: $1,060,000
Sale Price: $1,000,000

We know how to price and market homes properly to sell them in the quickest amount of time for the highest price possible. Contact us today for a no pressure valuation of your Coral Gables home.

Highest Lakefront Sale In Coral Gables Since 2007

Riley Smith — Wed, 12 Jun 2013 17:17:37 +0000

The lakefront home located at 5001 Hammock Lake Drive closed this week for $5,500,000. This is the highest sale price we have seen for a lakefront home in Coral Gables since the sale of 4900 Lake Lane back in 2007 which was located on a private island and closed for $8,150,000. Broker of 5001 Hammock Lake Drive was A and D Group Realty.

Details of 5001 Hammock Lake Drive:

- 8,376 Square Feet Of Living Area

- 35,284 Square Foot Lot

- 7 Bedrooms, 8 Baths

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Townhouses In Coral Gables

Riley Smith — Fri, 07 Jun 2013 11:34:39 +0000

I get a lot of emails from readers regarding townhouses in Coral Gables. Although demand seems relatively high, unfortunately the options are very limited for those looking for a townhouse style home here.

That being said, a townhouse just hit the market in Bermuda Village. Located at 558 Loretto this townhouse offers 3 bedrooms, 3.5 baths with a downstairs master suite, 2 car garage, a beautiful kitchen and a private courtyard. Listing agent is Ashley Cusack of EWM Realtors. View more photos and information here.

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It’s Not Just The Gables!

Riley Smith — Wed, 05 Jun 2013 11:33:14 +0000

It’s not just Coral Gables homeowners that are seeing home values rise, it’s all of Miami! Check out the chart below which shows the “average sale price per square foot” of single family homes in Miami over the past year.

(Click on chart to view larger)

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Act Fast If You Like This Home At 837 Obispo Avenue

Riley Smith — Tue, 04 Jun 2013 01:06:38 +0000

This historically designed home was just listed on Obispo Avenue and I can assure you that it will sell right away. The home is not only priced under $600,000 which is the most active segment of the Coral Gables market right now, but it exudes charm and is located on one of the best streets. If you’re interested, you need to act fast! Check out the details below.

Details of 837 Obispo Avenue:

1,942 Square Feet Of Living Area
7,500 Square Foot Lot
3 Bedrooms, 2 Baths
List Price: $599,000
Listed by Carrie Foote of Lowell International Realty
Photos and more information here.

Cocoplum Market Update | Prices On The Rise!

Riley Smith — Thu, 30 May 2013 18:51:40 +0000

Back in March I reported that Cocoplum was having a slow start to 2013 with just 1 closed sale. Since then, there have been 6 more sales with a combined total volume of $18,000,000. It appears that the gated community is on track to sell approximately the same number of homes as they did last year. In 2012 there were 21 home sales with a total volume of $56,000,000. It will be hard to beat the record year they had in 2011 with 28 home sales and $71,000,000 in volume.

As you can see from the chart above, values have increased every year since 2010 in Cocoplum. This year, the average sale price per square foot has broken the $500 mark which is great news for homeowners.

Prices are on the rise in Cocoplum, if you have a home that you are considering selling, please contact us for a no pressure market valuation of your property.

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Just Listed In Coral Gables By The Riley Smith Group!

Riley Smith — Thu, 23 May 2013 19:14:39 +0000

Activity is extremely high for our new listing in Coral Gables. Loctaed at 1160 South Alhambra Circle, this home is situated on a large 10,000 square foot lot and offers 2,140 square feet of living space with 3 bedrooms, 2 baths. It is ideally located within walking distance to the shops and restaraunts of South Miami and is within the Sunset Elementary school district. Although it needs updating, the home has huge potential and will sell fast. List price is $725,o00.

Click here for more photos and information.

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Then And Now…Coral Gables Old Spanish Homes

Riley Smith — Fri, 17 May 2013 16:19:08 +0000

Buyers are drawn to the charm and history of Coral Gables, it is one reason that real estate here sells for a premium. Check out these photos of 1924 Ferdinand Street. Built in 1925 the home has been updated nicely without compromising the historical details.

1924 Ferdinand Street was recently sold by Laura Mullaney of Coldwell Banker for $799,000.

Photos courtesy of the Southeast Florida MLS.

If you are interested in working with a Realtor who specializes in the Coral Gables real estate market, please contact me at 305-342-1623 or send me a message here.

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Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://www.TheRealEstateCoconut.com

http://www.BrickellCondoBlog.com