New Construction Homes In Coral Gables
July 19th, 2011 Categories:Coral Gables Real Estate
There have been roughly 10 new construction homes sold in Coral Gables this year. The homes ranged drastically in location, quality, size and price. For instance 2000 North Greenway was beautifully finished with views of the Granada golf course and closed for $2,750,000 while 611 Bird Road was also new construction but located on a busy street and sold for $620,000. I would say that the typical new construction home in Coral Gables sells between $1,000,000 and $2,000,000. Below are some of the recent new construction home sales in Coral Gables.
434 Castania Avenue | 4,322 Square Feet Of Living Space | Sales Price: $1,275,000 ($295.00 psf)
1200 Country Club Prado | 5,555 Square Feet Of Living Area | Sales Price: $1,347,000 ($242.00 psf)
6710 Tarrega Street | 4,274 Square Feet Of Living Area | Sales Price: $1,400,000 ($327.00 psf)
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
I Know A Good House When I See One….
July 18th, 2011 Categories:Coral Gables Real Estate
I try to always let my readers know about good quality houses that come on the market in Coral Gables that are priced well. Last week I wrote about the $1,499,000 home on Ingraham Highway that came on the market and just 4 days later it was placed under contract. After being in this business for so long, I know a good house when I see one! Listing agent was Carole Smith of EWM Realtors, Inc.
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Another Luxury Home Sold In Cocoplum
July 15th, 2011 Categories:Coral Gables Gated Communities
More news on luxury homes in Coral Gables. A home on Tahiti Beach (located within the gated community of Cocoplum) closed yesterday for a sales price of $7,500,000. The home offered 11,336 square feet of living space on a 29,395 square foot lot with 7 bedrooms and 7 baths. It had phenomenal bay views and 120 feet of water frontage. The home was listed by Toni Shrager of Avatar. This makes the second home to close on Tahiti Beach this year, and the 12th home in Cocoplum.
To view homes for sale in Cocoplum and Tahiti Beach click here.
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
What Is The Most Expensive Home In Coral Gables?
July 14th, 2011 Categories:Coral Gables Gated Communities
The most expensive home for sale in Coral Gables is located, not surprisingly, in the gated community of Gables Estates. The asking price for this spectacular estate is $23,000,000 and offers 900 feet of water-front. The home also has a state of the art media room, an 800 bottle wine cellar, a gorgeous pool featuring an aqua bar, a private sandy beach plus much more. The home has been on the market since October of 2010. It is listed by Audrey Ross of EWM Realtors. To view more photos of this home as well as the top 10 most expensive homes for sale in Coral Gables click here.
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Sold And Re-Sold In Coral Gables
July 12th, 2011 Categories:Coral Gables Real Estate
I was taking a look at some of the new inventory in Coral Gables and noticed that quite a few of the homes had been purchased in the past few years and are now back on the market.
You will notice below that one of the homes is on the market for less than they originally paid for but otherwise they are asking a higher price. In my experience, if a buyer purchases a home and has to turn around and sell it a few years later they just want to get back the money they put into it. This means that they may ask for slightly more money to give them some negotiating room as well as try to cover some of the realtor’s expenses.
- 918 Malaga Avenue sold in March of 2008 for $875,000 and is now on the market for $725,000.
- 1522 Cecilia Avenue sold in April of 2009 for $725,000 and is now on the market for $729,000.
- 1213 Tangier Street sold in May of 2008 for $470,000 and is now on the market for $499,000.
- 200 Costsanera Road sold in August of 2010 for $3,300,000 and is now on the market now for $3,950,000.
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
Great New Listing On Ingraham Highway, Coral Gables
July 11th, 2011 Categories:Coral Gables Real Estate
I had the chance to preview a great new listing on Ingraham Highway last week listed by my colleague Carole Smith here at EWM. The home sits on the border of Coconut Grove and Coral Gables. I was extremely impressed with the attention to detail and quality of this home. The home is gated and walled, was built in 2004 and has impact windows, generator, 120 inch HDTV, surround sound, mahogany floors as well as a great patio and pool. The home is listed for $1,499,000 and offers 5 bedrooms, 4.5 baths with 4,661 square feet of living space. To view more information click here.
If you are interested in buying, selling, building or renting and are looking for a realtor who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
“Old Spanish Village” Development Sold In Coral Gables
July 7th, 2011 Categories:Coral Gables Real Estate
The Old Spanish Village development which was located on the corner of 162 Palermo and Ponce in Coral Gables was to be comprised of luxury townhouses and mid-rise condominiums. It was going to be a very high end project with prices well over $1,000,000. I reported on this blog back in November that the project was on the market for sale. The South Florida Business Journal reported yesterday that it has been sold for $30.55 million to Agave Holdings LLC (who also own a project at 396 Alhambra). According to the SFBJ, the purchase price represents a 49% discount from the $60.1 million initial mortgage amount.
The 5.8 acre Old Spanish Village site is approved for mixed use development including residential and retail uses.
If you are interested in buying, selling, building or renting and are looking for a realtor who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
2 Recent Land Sales In Coral Gables
July 6th, 2011 Categories:Coral Gables Gated Communities, Coral Gables Real Estate
There have been two recent properties which sold for land value in Coral Gables. The first was located in the gated community of Gables Estates. This was a 2 acre non-waterfront lot and sold for $2,556,250 or $30.00 per square foot. Second, a lot at 1233 Alegriano Avenue (7,680 square feet) closed yesterday for a sales price of $270,000. The property sold for $35.00 per foot which is about on target considering the size and excellent location near the Riviera Golf Course.
There have now been a total of 7 land sales in Coral Gables so far in 2011. Last year, there were 10 pieces of land sold with the highest sale being a 2.5 acre waterfront lot in Gables Estates which sold for $10,650,000.
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
New Listing On Tahiti Beach, Cocoplum’s Exclusive Private Island
July 5th, 2011 Categories:Coral Gables Gated Communities
A new listing has come on the market on Tahiti Beach in Cocoplum. The home is being offered for $13,475,000 and offers 15,563 square feet of living space on a 49,095 square foot lot with 7 bedrooms/8 baths and has water views. Photos will be coming on the MLS soon, you can see the location of the home on the map above. The home is listed by Jeffrey Lehman of Coldwell Banker.
There are currently 5 homes for sale on the guarded private island of Tahiti Beach. To scroll through homes for sale on Tahiti Beach click here. The last sale on Tahiti Beach was located on the largest non-waterfront lot on the island and sold for $3,200,000.
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
New Apartment Building Going Up On Ponce
July 1st, 2011 Categories:Coral Gables Condos
In Coral Gables, on the corner of Le Jeune Road and Ponce de Leon Bouelvard (2 blocks from Merrick Park) a brand new apartment building complex is being built. The project is located at 4585 Ponce de Leon Boulevard and will be called “4585 Ponce”. It will have 1,2 and 3 bedrooms with rental prices running from $2.00 to $2.50 per square foot. There will also be 26,430 square feet of retail on the ground floor. The project is scheduled to be completed in 2013. To see article in Miami Herald, click here.
I know the numbers, I analyze the market, my clients make better decisions. If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at 305.342.1623 or send me a note here.
