Land In Coral Gables Sells For $58.00/Square Foot

September 8th, 2014 Written By

Land for sale in Coral Gables

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:

  1. 2 Arvida Parkway | Sale Price: $6,125,000 | Waterfront and Gated Community | $161.00/Sq. Ft.
  2. 10350 Old Cutler Road | Sale Price: $1,300,000 | $29.00/Sq. Ft.
  3. 1507 Cordova Street | Sale Price: $600,000 | $55.00/Sq. Ft.
  4. 432 Madeira Ave. | Duplex Lot | Sale Price: $425,000 | $42.00.Sq. Ft.
  5. 450 Como | Sale Price: $1,500,000 | $60.00/Sq. Ft.
  6. 6975 Sunrise Terrace | Sale Price: $5,000,000 | Waterfront and Gated Community | $187.00/Sq. Ft.
  7. 2 Arvida Parkway | Sale Price: $6,159,000 | Waterfront and Gated Community | $112.00/Sq. Ft.
  8. 111 San Souci Drive | Sale Price: $950,000 | $55.00/Sq. Ft.
  9. 816 Paradiso Avenue | Sale Price: $600,000 | $71.00/Sq. Ft.
  10. 4940 Hammock Lake Dr. | Sale Price: $1,830,000 | $36.00/Sq. Ft.
  11. 145 Leucadendra Dr. | Sale Price: $7,000,000 | Waterfront and Gated Community | $193.00/Sq. Ft.
  12. 0 Cantoria Ave | Sale Price: $650,000 | $59.00/Sq. Ft.
  13. 0 Calibira Ave | Sale Price: $490,000 | $75.00/Sq. Ft.
  14. 12 Sorolla Ave | Sale Price: $470,000 | $62.00/Sq. Ft.
We are Coral Gables real estate specialists.

If you are interested in buying or selling real estate in Coral Gables, we would love the opportunity to work with you.  We can be reached anytime at 305-342-1623 or by sending us a message here.

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