Foreclosure Finally Sells In Gables By The Sea

April 1st, 2013 Written By Riley Smith

I have been tracking this foreclosure property in Gables By The Sea for several months. It hit the market back in June of 2012 at a list price of $1,100,000. Since then, it was placed under contract several times and had a list price increase to $1,216,300. The home finally sold this week for a sales price of $1,000,000.

The home needed a major renovation and completion but offered 5 bedrooms, 6 baths with 4,795 square feet of living space on a 12,000 square foot waterfront lot.

This is the 7th foreclosure sold in Coral Gables so far in 2013, see below for details on these properties:

1440 Agua Avenue | Sale Price: $765,000
912 Valencia Avenue | Sale Price: $730,000
440 Sansovino Avenue | Sale Price: $750,000
14540 Snapper Drive | Sale Price: $407,000
439 Majorca Avenue | Sale Price: $315,000
635 Bird Road | Sale Price: $325,000

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