With home prices on the rise, developers are circling Coral Gables real estate looking for opportunities to build. The property at 6505 Castaneda Street sold for full price in just 2 days after hitting the market. The property offered 17,078 square feet of land in a prime location. Although there was a structure on the lot, the property sold for land value at $1,000,000 or $58.00/square foot. Listed by Dee Quintero of EWM Realty.
Currently in Coral Gables the average sale price per square foot of non-waterfront lots is $55.00, while the average waterfront lot is selling for over $100.00 per square foot.
There have been 14 other lots sold in Coral Gables this year, see details below:
- 2 Arvida Parkway | Sale Price: $6,125,000 | Waterfront and Gated Community | $161.00/Sq. Ft.
- 10350 Old Cutler Road | Sale Price: $1,300,000 | $29.00/Sq. Ft.
- 1507 Cordova Street | Sale Price: $600,000 | $55.00/Sq. Ft.
- 432 Madeira Ave. | Duplex Lot | Sale Price: $425,000 | $42.00.Sq. Ft.
- 450 Como | Sale Price: $1,500,000 | $60.00/Sq. Ft.
- 6975 Sunrise Terrace | Sale Price: $5,000,000 | Waterfront and Gated Community | $187.00/Sq. Ft.
- 2 Arvida Parkway | Sale Price: $6,159,000 | Waterfront and Gated Community | $112.00/Sq. Ft.
- 111 San Souci Drive | Sale Price: $950,000 | $55.00/Sq. Ft.
- 816 Paradiso Avenue | Sale Price: $600,000 | $71.00/Sq. Ft.
- 4940 Hammock Lake Dr. | Sale Price: $1,830,000 | $36.00/Sq. Ft.
- 145 Leucadendra Dr. | Sale Price: $7,000,000 | Waterfront and Gated Community | $193.00/Sq. Ft.
- 0 Cantoria Ave | Sale Price: $650,000 | $59.00/Sq. Ft.
- 0 Calibira Ave | Sale Price: $490,000 | $75.00/Sq. Ft.
- 12 Sorolla Ave | Sale Price: $470,000 | $62.00/Sq. Ft.
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