New Listing in The Biltmore
January 5th, 2010 Categories:Coral Gables Condos
A penthouse listing came on the market in The Biltmore this week. The owners paid $930,000 for it and put $100,000 into the unit. It is currently priced at $799,000.
Details of 600 Biltmore Way, Coral Gables, FL Unit #108:
- 2,710 square feet of living space
- 3 bedroom, 3.5 baths + maids room
- Incredible views of The Biltmore Hotel, Coconut Grove
- Broker is EWM Realtors, Inc.
If you are interested in buying or selling real estate in Coral Gables give me a call at 305.342.1623 or email at smith.r@ewm.com.
To search all residences for sale in The Biltmore, Coral Gables click here.
Coral Gables Real Estate – 2009 In Review
January 1st, 2010 Categories:Coral Gables Real Estate
Except for the fact that prices dropped by about $25.00 per square foot this year, Coral Gables real estate remained steady in 2009.
2009 Coral Gables Real Estate Year In Review
- Total Number Of Homes Sold: 347 (331 in 2008)
- Average Sales Price Per Square Foot: $284.00 ($309.00 in 2008)
- Average Sales Price: $987,687 ($1,042,585 in 2008)
- Sale Price to List Price Ratio: 90% (90% in 2008)
My predictions for 2010? I believe that prices will remain at their current level or fall slightly over the coming months which will help drive the activity levels up in the area. I am confident in saying that the worst is over when it comes to sales volume. Once we start to see more and more buyers who have a sense of urgency when it comes to finding a “deal” we will start to see home values tick upwards.
If you are interested in buying or selling real estate in Coral Gables, give me a call at 305.342.1623 or via email at smith.r@ewm.com.
Winners Of Coral Gables Landscape Beautification Award
December 31st, 2009 Categories:Uncategorized
Here are a few pictures of last year’s landscape beautification awards in Coral Gables. Coral Gables is certainly known for its manicured lawns and gardens and these homes do not disappoint.
Looking forward to seeing the winners of 2009.
4400 Palmarito Street
8901 Arvida Lane
Coral Gables Trolley Route – Green and Free
December 31st, 2009 Categories:Uncategorized
The Gables Trolley System is run by hybrid vehicles which travel up and down Ponce de Leon Boulevard in downtown Coral Gables. The system services 5,000 people on a daily basis and frees up 750 parking spaces in downtown Coral Gables.
Living close to the trolley route offers residents the ability to navigate downtown Coral Gables without the frustration of traffic and parking. There are several condominiums located along the trolley route including The Ponce Tower, Gables Park Tower, 1300 Ponce and Old Spanish Village.
New Listing in The Gables Club, $1,495,000
December 30th, 2009 Categories:Coral Gables Condos
Located in Tower 1, Unit 12F has just come back on the market at a reduced price of $1,495,000 (previously $1,650,000). This gorgeous 3 bedroom, 3 bath unit features views of Biscayne Bay and Key Biscayne, 3,000 square feet of living space, gourmet kitchen, his and hers master baths, large closets, breakfast room, guest bedroom plus bath as well as third bedroom, den/office. Unit also comes with 2 parking spaces.
Broker is Coldwell Banker.
If you are interested in buying or selling real estate in Coral Gables, give me a call at 305.342.1623 or email at smith.r@ewm.com.
Village of Campo Sano – Golf Course Front Villas
December 29th, 2009 Categories:Coral Gables "Golf Course Front" Properties, Coral Gables Townhouses
The Village of Campo Sano is located on Campo Sano Avenue along the Riviera Golf Course. The 21 townhouses in this community were built in 2004 and feature top of the line finishes with beautiful golf course views. There is currently only 1 on the market priced at $1,079,000. Details on the unit include 2,206 square feet of living area, 3 bedrooms, 2.5 baths, custom kitchen, gas fireplace, 2 car garage. To view information on 1133 Campo Sano Avenue, #2 click here.
There have been no properties in Campo Sano to close in 2009 and there was only 1 closed sale in 2008. The closed sale in 2008 was a 2,247 square foot unit with 4 bedrooms, 3 baths and closed for $1,200,000 ($534.00 per square foot).
If you are interested in buying or selling real estate in Coral Gables, please allow me the opportunity to work with you. Send me an email at smith.r@ewm.com or call me at 305.342.1623.
Homes South of 8th Street Offer Good Value
December 23rd, 2009 Categories:Buying in Coral Gables
If you want to be within the city limits of Coral Gables, but need to find a home priced under $500,000 then the area just south of 8th Street is a good place to start looking. The homes are typically 3 bedrooms or less and they offer good value due to their proximity to 8th street.
Click here to see homes in this area of Coral Gables all priced under $500,000.
If you are interested in buying or selling real estate in Coral Gables, please feel free to contact me via email at smith.r@ewm.com or on my cell at 305.342.1623.
Cocoplum Real Estate Market Update
December 22nd, 2009 Categories:Coral Gables Gated Communities
Cocoplum Estates Current Market Update
There are currently 47 properties on the market in Cocoplum Estates, a gated community in Coral Gables. The prices range from $1,200,000 for a 4 bedroom, 3 bath home all the way up to a $12,000,000 for a 38,000 square foot lot (125 foot of waterfront) that features 9,171 square feet of living area.
The lowest “price per square foot” in Cocoplum is currently the home located at 301 Costonera Road priced at $1,425,000 (PPSF is $306.00). The average “list price per square foot” in Cocoplum is $663.00.
Cocoplum Estates 2009 Year In Review
There were 13 homes sold in Cocoplum Estates in 2009. The average “sale price per square foot” was $467.00. Interesting that the average Sale Price to List Price ratio is 80% – that means that sellers on average were giving a 20% discount off of their asking price.
Click here to view all homes for sale in Cocoplum Estates as of December 22, 2009.
If you are interested in buying or selling real estate in Coral Gables, please send me an email at smith.r@ewm.com, or call me at 305.342.1623.
Market Update For Journey’s End, A Coral Gables Gated Community
December 21st, 2009 Categories:Coral Gables Gated Communities
Journey’s End is a small lagoon front gated community on the east side of Old Cutler Road. It is a community where 43 densely wooded acres have been carved into 18 lush two acre lots with ancient oaks and banyan trees. It is private, secure and luxurious.
There is only 1 recorded sale within the gates of Journey’s End and it closed this year for a price of $5,300,000. It was a 12,328 square foot house on 2 acres of land with 7 bedrooms and 6.5 baths. This house closed for $429.00 per square foot. The house that is currently on the market in Journeys End (9485 Old Cutler Lane) is asking $719.00 per square foot.
If you are interested in buying or selling real estate in Coral Gables please give me a call at 305.342.1623 or via email at smith.r@ewm.com.
2 Acres In The Gated Community Of Journey’s End, Coral Gables
December 21st, 2009 Categories:Coral Gables Gated Communities
A 2 acre lagoon front property just came on the market in Journey’s End, one of Coral Gables’ premiere gated communities. This property features a 6,810 square foot house built in 1979 and remodeled in the mid 90’s. But the house is not the draw of this new listing. This two acre property includes a 40 foot slip at Journey’s End private marina, Fairchild like grounds, lagoon where dolphin and manatee often lounge and a historic Arthur V. Davis 5-story lookout tower that has its own office, elevator and water views.
Details of 9485 Old Cutler Lane in Journey’s End include:
- 6,810 square feet of living space
- 75,701 square foot lot
- Exposed wood beam ceilings
- Fish pond below entrance
- Asking Price: $4,900,000
If you are interested in buying or selling property in Coral Gables, please feel free to contact me at smith.r@ewm.com or on my cell at 305.342.1623.
