It would be no surprise that the highest “sale price/square foot” in Coral Gables went for a waterfront residence in a gated community. However, I thought it would be more interesting today to show you just how high buyers would go for a dry property. So far this year, the highest “sale price/square foot” for a non-waterfront home is 541 Hardee Road located in the historic French Village. This home sold for $620.00/square foot. Surprisingly, this property also received a higher “SP/SQ. FT.” than other homes which sold in gated communities (non-waterfront). 541 Hardee had all the attributes of a strong sale. First, it was part of George Merrick’s French Village which is steeped in history. Second, it had been meticulously renovated and restored with the finest finishes. Third, it was one of a kind. You will not find a property similar to this anywhere else in Coral Gables.
Not only did it sell for the highest “sale price/square foot” for non-waterfront properties this year, but it also went under contract in 5 days which shows you how high demand is for homes in the French Village.
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