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Land In Coral Gables Selling At $60.00/Square Foot

March 17th, 2015 Written By

Grass Field

The land market is extremely active in Coral Gables right now. We recently placed our property at 5030 Orduna Drive in the Gables on the market for land value and had multiple offers within a matter of days.  There are tons of investors out there who want to build new construction projects and capitalize on rising values. Due to low inventory and high demand, the average price of land in the Gables has risen to approximately $60.00/square foot for a non-waterfront, non-gated lot. This price may seem high, but it is actually lower than the neighboring community of Coconut Grove which is selling for $80.00/square foot of land.

In the past 12 months there have been 16 land sales in Coral Gables.  These have ranged in price from $36.00 – $161.00/square foot.

We are the #1 Top Producing Realtors at EWM’s Coral Gables office. If you are interested in buying or selling real estate in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or by filling out a contact form here.

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