Life at Deering Bay, Coral Gables
January 22nd, 2010 Categories:Coral Gables "Golf Course Front" Properties, Coral Gables Condos, Coral Gables Gated Communities, Coral Gables Waterfront Properties
Deering Bay is more than just a prestigious address. The community of Deering Bay along with the Deering Bay Golf and Country Club offers its residents and members a unique lifestyle that is not available anywhere else in Coral Gables. With an 18 hole Arnold Palmer Golf Course, 7 lighted Har-Tru tennis courts, fitness center, junior olympic size pool plus the Club’s member events, Deering Bay has enough activities to keep you busy all year long.
Check out some of Deering Bay Country Club’s upcoming events:
Casino Night: January 24th, 2010
Book Club Meeting: February 10, 2010
Rally For The Cure: February 11, 2010
Tennis Couple’s Night Out: February 12, 2010
President’s Day Round Robin: February 15, 2010
Kids Tennis Clinic: March 29, 2010
I have a Deering Bay real estate specialist on my team who is a full time resident of Deering Bay. She has a unique and intricate knowledge of the market there and would be happy to assist you in your real estate needs. To view all properties currently for sale in Deering Bay, click here. If you are interested in buying or selling real estate in Deering Bay, call us at 305.342.1623 or send us a note here.
Sell Later, Buy NOW – A Sign Of The Times
January 20th, 2010 Categories:Coral Gables Real Estate
2800 Alhambra Circle Drive | 6 Bedroom | 7 Bath | $14,000 Per Month
I have spoken to many people who have outgrown their current house but don’t want to sell it due to the current state of the market. One route that more and more people seem to be taking is this….they rent out their current home and then buy a property that better suits their needs. This way they are able to take advantage of the low prices on the buying side but not get hit with them on the other end.
A few things to keep in mind:
- A mortgage may be more difficult to obtain on the second home
- You will lose your homestead on the first property
- You will be paying taxes, insurance, maintenance on two properties
- Values may not rise dramatically in 1 year. This is a good option if you can afford to lease the first home for several years.
What will your home rent for? In Coral Gables, rentals are averaging $3,643 per month for a typical house. If you are interested in discussing the details and costs involved in renting your current home, please feel free to contact our team here at The Coral Gables Real Estate Vault. We have an excellent rental specialist who would be happy to meet with you.
Contact me here, or call me on my cell at 305.342.1623 if you are interested in buying, selling or renting real estate in Coral Gables, Florida.
Which $10,000,000 home is right for you?
January 19th, 2010 Categories:Coral Gables Waterfront Properties
There are currently two, yes two, $10,000,000 properties for sale in Coral Gables.
The first just came on the market this week, located in the gated community of Old Cutler Bay. It is a direct waterfront Mediterranean estate designed by Ramon Pacheco with an infinity edge pool overlooking Biscayne Bay with deep water dockage. It features 7 bedrooms, 7 baths 12,439 square feet of living space on a 31,130 square foot lot. For more information and photos click here.
The second home has been on the market for several years. It is on 3 acres of property with 757 of waterfront (Gables Waterway). The home was designed by the renowned architect Alfred Browning Parker in 1951. The home features 8 bedrooms, 7 baths, and 8,632 square feet of living space. For more information and photos click here.
There was only 1 sale over $10,000,000 last year in Coral Gables and it was located in Gables Estates and sold for $12,900,000. This was a 8,405 square foot home 4+ acre estate with 205 feet of waterfront.
As always, if you are interested in buying or selling real estate in Coral Gables please give me a call at 305.342.1623 or contact me here.
Plenty Of Homes For Sale Under $600,000 In Coral Gables
January 19th, 2010 Categories:Coral Gables Real Estate
If you are in the market for a home priced under $600,000 then you should be looking in Coral Gables. There are over 100 listings currently on the market in this price range, much more than Coconut Grove or South Miami. To view all properties in Coral Gables available under $600,000 click here. Here are a few that stand out in the group:
130 Cadima Avenue, List Price: $599,000, 3 bedroom – 3 baths
525 Luenga Avenue, List Price: $549,000, 3 bedroom – 2 baths
If you are interested in seeing any of these properties in Coral Gables please feel free to give me a call at 305.342.1623 or send me a note here.
Coral Gables Waterfront Homes Average $3,000,000 In 2009
January 17th, 2010 Categories:Coral Gables Waterfront Properties
About 10% of Dade County’s waterfront homes currently on the market are located in Coral Gables. Prices range from $49,000,000 for a 20,000 square foot home in Gables Estates to a $658,000 foreclosure canal front property with no Bay access.
The average list price right now for a waterfront home in Coral Gables is $5,000,000 ($770.00 per square foot). Compare that to the average waterfront home sold in 2009 which is only $3,000,000 at ($523.00 per square foot).
A majority of Coral Gables waterfront homes are located in gated communities such as Gables Estates, Cocoplum, Old Cutler Bay and Gables By The Sea. To see a complete list of all waterfront properties that are currently on the market (119) in Coral Gables, click here.
As always, if you are interested in buying or selling real estate in Coral Gables please give me a call at 305.342.1623 or send me a note here.
Deering Bay 2009 Market Review
January 15th, 2010 Categories:Coral Gables Condos
Deering Bay had a decent year in 2009 in terms of the amount of sales – selling roughly 50% of its inventory. There were 8 condos and 1 estate home sold. See below for all sales in Deering Bay in 2009. Take a look at Padua and Venice, there were some very low priced 3 bedroom sales.
To see all that is currently available in Deering Bay, click here.
As always, if you are interested in buying or selling real estate in Coral Gables please feel to give me a call at 305.342.1623 or send me a note here.
Back On The Market And Reduced In French Country Village
January 14th, 2010 Categories:Coral Gables Real Estate
This gorgeous property located in the prestigious French Country Village has come back on the market at a reduced price of $1,775,000. The property features 5 bedrooms, 4.5 baths with 4,700 square feet of living space (per appraisal) on a 8,190 square foot lot. The 3 story residence is warmed by 3 wood burning fireplaces and flooded with natural light. The home has beautiful wood floors and a formal dining room that overlooks garden and koi pond.
Located on Hardee Road, the home is just minutes from downtown Coral Gables, South Miami and Coconut Grove. The home is listed by EWM Realtors, Inc.
Click here for more photos and information on 7440 SW 54th Court.
If you are interested in buying or selling in the Coral Gables area, please feel free to give me a call at 305.342.1623 or contact me here.
4 Closed Sales In Coral Gables So Far In 2010
January 11th, 2010 Categories:Coral Gables Real Estate
There have been 4 closed sales in Coral Gables so far in 2009, take a look.
The first house to close was located at 5201 Alhambra Circle. This house was priced extremely well when it came on the market and was put under contract in less than a month. The sellers got their full asking price of $1,199,000. The home was 1993 construction, featured 5 bedrooms, 6 baths with 3,622 square feet of living space on a 10,500 square foot lot. It sold for $331.00 per square foot.
The second house was located at 1148 Obispo Avenue. This is a 4 bedroom, 3 bath house with 3,444 square feet of living space on a 10,873 square foot lot. The house was custom built and is located 2 blocks from the Granada Golf Course. It sold for $795,000. The home was on the market for less than 2 months, original list price was $795,000.
The other 2 sales included:
- 931 Placetas Avenue | 3 bedroom, 2 bath | 2,295 sq. ft. on a 8,111 square foot lot | List Price: $595,000 | Sale price: $550,000 ($239.00 per square foot).
- 1537 Sarria Avenue | 3 bedroom, 2 bath | 1,746 sq. ft. on a 11,220 square foot lot | List Price: $447,000 | Sale price: $437,000 ($250.00 per square foot).
Lowest Priced Home In Exclusive Golden Triangle
January 7th, 2010 Categories:The Golden Triangle
This home is currently the lowest priced home in Coral Gable’s exclusive Golden Triangle. The home is located on a no-thru street with 1,983 square feet of living space on a 6,321 square foot lot. It is a classic 1960’s home, but has been well maintained and worth a look if you are interested in this area. For more pictures of 931 Roderigo Avenue, click here.
Details include:
- 3 bedroom, 2 bath
- List Price $590,000
Coral Gables Market Snapshot
January 7th, 2010 Categories:Coral Gables Real Estate
Looking back over the past year, you can see from the above chart that the number of homes for sale in Coral Gables has fallen significantly. Falling inventory and rising sales are all indications of a market in recovery – alebeit a slow one.
