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Gables Estates Market Update | 2013 In Review

December 12th, 2013 Written By

Gables Estates

Gables Estates is a private, 200 acre gated community situated on Biscayne Bay in Coral Gables.   With homes that have an average sale price of $7,000,000, it is certainly one of Florida’s most exclusive addresses.  Gables Estates was developed in the 1960’s by industrialist Arthur Vining Davis (Davis owned an estimated 1/8 of Dade County at the time).

Because of the high price point, we don’ t typically see a lot of turnover in this community during the course of the year.  With just a few weeks left in 2013, there have been 6 homes sold and $42,372,000 worth of volume closed.  Last year was an anomaly with 13 homes sold and $129,770,000 worth of volume traded.

The average “sale price/sq. ft.” of homes in Gables Estates comes in at $866.00 which is significantly higher than other gated communities in Coral Gables.

There are currently 12 homes on the market in the community of Gables Estates.  They currently range from $2,590,000 and go up to $35,000,000.

Our team knows the Coral Gables real estate market and tracks the sales to help our clients make informed, confident decisions.  If you are interested in working with realtors who specialize in Coral Gables, please feel to contact us here .

Visit Today’s News From Our Other Miami Real Estate Blogs:
Coconut Grove Real EstateBrickell Condo Blog | Key Biscayne Real Estate

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