2011 Coral Gables: Not The Leading City For Highest Sale
August 4th, 2011 Categories:Coral Gables Gated Communities, Coral Gables Waterfront Homes
For more than 5 years the city of Coral Gables has been home to the highest sale south of Downtown Miami. With sales like 14 Tahiti Beach Drive which closed in 2008 for $14,000,000 or 158 South Prospect Drive closing in 2010 for $14,100,000 it has been hard for any other community to top them. However, so far this year in Coral Gables the highest sale was for $7,500,000 on Tahiti Beach allowing the community of Coconut Grove to far surpass this figure with a $13,419,495 sale on Curtis Lane.
There are certainly enough $10,000,000+ properties on the market right now in the Gables, it will be interesting to see if they can pull through and keep their record of selling the highest priced home south of Downtown Miami.
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.
Foreclosures In Coral Gables
August 2nd, 2011 Categories:Coral Gables Real Estate
Take a look at the chart above which shows foreclosures for sale, sold and under contract in Coral Gables. You will see that there is no data until January of 2009, this is because the system did not start tracking foreclosures until that point. The numbers show that Coral Gables has been fairly steady with the number of foreclosures sold over the past 3 years.
It is good news that we seem to be in a declining trend as far as active listings go. In fact, right now there are only 4 foreclosures for sale in Coral Gables. These homes range in price from $349,900 for a 2 bedroom/2 bath and go all the way up to a $5,300,000 home on Tahiti Beach.
To view foreclosures for sale in Coral Gables 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.
Iconic Coral Gables Pink House Sells
August 1st, 2011 Categories:Coral Gables Real Estate
The iconic pink house located at 4515 Santa Maria Street in Coral Gables closed last week for a sales price of $3,500,000. This house along with 1101 North Greenway Drive (which also sold for $3,500,000) were the two highest sales in Coral Gables that were not located in a gated community or on the water. The house on Santa Maria sold for $607.00 per square foot, and the house on North Greenway sold for $544.00 per square foot.
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.
The Story Ends (Again) For 4114 Santa Maria Street
July 28th, 2011 Categories:Coral Gables Real Estate
The house located at 4114 Santa Maria Street has been on a wild ride since it first came on the market in 2008 for over $1,000,000. It sat on the market for many years then fell into foreclosure in 2010 selling for $605,000. The home came back on the market 4 months later and sold again for $650,000. I showed the house a few times during this process but at that point it needed too much work than my clients were willing to take on.
I drove by the house last week and snapped this photo. It is amazing what some fresh paint, impact windows and cleaned up landscaping can do to the exterior of a home. Congratulations to the new owners.
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.
Snapper Creek Lakes, Coral Gables Real Estate Market Update
July 27th, 2011 Categories:Coral Gables Gated Communities
The real estate market in Snapper Creek Lakes has been very active this year with 5 closed sales since January 1st of 2011. The average home is selling for approximately $2,000,000 in this gated community. To scroll through homes sold in Snapper Creek Lakes click here.
Even though there has been a large number of sales in Snapper Creek Lakes there still remains quite a bit on the market in there. There are 8 single family homes for sale and 4 pieces of vacant land. Properties for sale range in price from $1,990,000 and go all the way up to $7,999,000. Homes for sale in Snapper Creek Lakes, 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.
Attention Coral Gables Home Builders!
July 26th, 2011 Categories:Coral Gables Real Estate
I have several clients looking for new construction homes in Coral Gables and therefore I have previewed most of what is on the market. In doing so we’ve noticed a trend in these homes that has been a deal breaker for many of my buyers.
A few years ago it became popular to have a large master suite and builders tried to accommodate that demand. But a house can only be so big and if you increase the size of the master you have to reduce the size of the other bedrooms. Last week I went into a $2,000,000 new construction home where the master was big and beautiful, but the other rooms were so small you could barely fit a twin size bed. That is a major turnoff for people who have children or frequent house guests.
So I ask that all home builders reconsider putting in a mammoth size master suite in their properties and instead try to have a nice balance between all of the bedrooms.
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.
New Listing Comes On The Market In Deering Bay
July 25th, 2011 Categories:Coral Gables Condos
A new condo has just come on the market in the Verona building of Deering Bay. This unit offers great views with 3 bedrooms, 3 baths, an eat-in kitchen, a private elevator foyer, 2 assigned parking spaces plus golf cart parking. There are only a handful of condos available right now in The Verona building and this one is priced under $1,000,000. To view more pictures, click here. Listing agent is Leslie Cassel of EWM.
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.
The Gables Club, Coral Gables – Market Update
July 22nd, 2011 Categories:Coral Gables Condos
There have been 6 condominiums sold this year in The Gables Club, Coral Gables’ most exclusive condo building. The sales have ranged in price from $950,000 to $1,190,000. Considering that the median condo in The Gables Club is listed for $2,200,000, it certainly seems that the higher end condos are struggling in here. To view a list of condos for sale in The Gables Club, 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.
Good Comparable In Sans Souci Area Of Coral Gables
July 20th, 2011 Categories:Coral Gables Real Estate
I am always tracking the market and keeping an eye on any good comparables for my clients. Earlier this month the house located at 115 South Prospect Drive in the Sans Souci area of Coral Gables garnered a very high “price per square foot” figure of $387.00. This was a 3 bedroom/2 bath home with 1,936 square feet of living space on an 11,000 square foot lot with a pool. It had updated bathrooms,new kitchen, new roof and several other upgrades. Prior to this sale, similar priced homes in the Sans Souci subdivision were selling at $250 per square foot.
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 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.
