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Partially Completed Home Sells In Gables Estates For $8,000,000

April 1st, 2014 Written By

Picture of Waterfront Homes in Gables Estates

The property located at 325 Leucadendra Drive in Gables Estates was under construction when it was listed for sale at $10,900,000.  The sellers were looking for a buyer who was interested in completing the home to their own taste and style.  The property offered 16,311 square feet of living space on a 57,017 square foot waterfront lot with 9 bedrooms, 9 full baths and 2 half baths and was designed by renowned architect Ralph Portuondo.  Listed by One Sothebys.

Another home also recently sold on Leucadendra Drive in Gables Estates.  145 Leucadendra Drive was listed for $7,500,000 and sold for $7,000,000.   This was a 3,221 square foot house on a 36,098 square foot waterfront lot with 4 bedrooms, 2.5 baths.   Listed by EWM Realty.

Gables Estates is the most exclusive gated community in Coral Gables.  The average sale over the past 24 months is $8,400,000 with an average “sale price/square foot” of $1,000.  Membership in the Gables Estates Club is a prerequisite to purchasing a home in Gables Estates ($75,000).

Click here to read more about Coral Gables gated communities.

If you want to work with a realtor who specializes in Coral Gables real estate, please feel free to contact me at 305-342-1623 or send me a note here.  The real estate market is changing rapidly and we follow the trends to make sure our clients make informed, confident decisions.


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