New On The Market In Snapper Creek Lakes, Coral Gables
Snapper Creek Lakes is one of the most sought-after gated communities in Coral Gables. The large lot sizes offer homeowners extreme privacy that is hard to find in other gated communities in the Gables. There is currently quite a bit of inventory on the market in here with prices ranging from $1,999,000 all the way up to $10,850,000. In 2012 there were 7 sales with the average “Sale Price Per Square Foot” running at approximately $365.00.
This beautiful listing just hit the market in Snapper Creek Lakes located at 10001 Fairchild Way. The stunning home offers 9,906 square feet of living space on a 45,360 square foot lot with 6 bedrooms, 8.5 bathrooms. Special features include extra large living spaces, a tall fireplace, media room with 9 recliner seats, master suite, 2 story guest house, outdoor summer kitchen and 3 car garage. The home is being offered at $4,350,000 by Jo-Ann Forster of EWM.
To view all homes for sale in Snapper Creek Lakes, click here.
We know Coral Gables real estate. If you are interested in buying, selling, building or renting and are looking for Realtors who specialize in Coral Gables, please feel free to contact us at 305.342.1623 or send us a note here.
The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.
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The Riley Smith Group at Art Miami!
Yesterday our Luxury Real Estate Specialist Dominique Duque represented The Riley Smith Group at the Christie’s International Real Estate booth at Art Miami 2012. Our listings received prime exposure at the event which was attended by thousands of art enthusiasts from across the globe. Art Miami continues through December 9th and showcases the best in modern and contemporary art from more than 125 international art galleries.
We offer our clients exceptional service and global exposure. If you are considering selling your home and would like to learn more about our marketing strategy, please feel free to contact us at 305-960-5317 or send us a message here.
“Sale To List Price Ratio” Reveals Important Information For Coral Gables Buyers
The “Sale To List Price Ratio” for a given neighborhood tells you on average the amount that homes are selling off of their asking price. For example, a “Sale/List Price Ratio” of 95% would indicate that the home sold just 5% off of its list price.
For single family homes this year (both waterfront and non-waterfront), Coral Gables has seen a ratio of 93%. This number has steadily increased from 91% in 2011, and 89% in 2009. The increase is likely due to a number of factors including rising values, bidding wars as a result of low inventory and more realistic sellers.
When we break down these figure between waterfront and non-waterfront homes in Coral Gables, we notice a very interesting fact. Waterfront homes tend to sell significantly more off of their list price than non-waterfront homes. This year, waterfront homes had a “Sale to List Price Ratio” of 88% whereas non-waterfront homes ran at 94%. This is very important information for someone who is beginning their home search in Coral Gables. It gives you a good idea of the price range you should be looking in, in order to end up at a sale price that is within your budget.
We know Coral Gables real estate. If you are interested in buying, selling, building or renting and are looking for Realtors who specialize in Coral Gables, please feel free to contact us at 305.342.1623 or send us a note here.
The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.
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Golden Triangle Market Update
I post about The Golden Triangle quite a bit here on the www.CoralGablesRealEstateVault.com. It is a prime location in Coral Gables situated just east of The Biltmore Hotel and Golf Course. Typically homes in this area garner a slightly higher price and are placed under contract quickly.
This week the home at 3618 Palmarito Street in The Golden Triangle closed for a sales price of $700,000. It was a 4 bedroom, 4 bath home with 2,365 square feet of living area on a 12,500 square foot lot. Listing agent was Ashley Cusack of EWM.
Other recent closed sales in The Golden Triangle area include:
- 3419 Granada Boulevard | 4 Beds/3 Baths | Sale Price: $850,000 | Sale Price Per Square Foot: $325.00
- 908 Andres Avenue | 4 Beds/3 Baths | Sale Price: $840,000 | Sale Price Per Square Foot: $325.00
- 3310 Durango Street | 3 Beds/2 Baths | Sale Price: $643,000 | Sale Price Per Square Foot: $258.00
Click here to view homes for sale in The Golden Triangle area of Coral Gables.
We know Coral Gables real estate. If you are interested in buying, selling, building or renting and are looking for Realtors who specialize in Coral Gables, please feel free to contact us at 305.342.1623 or send us a note here.
The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.
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Townhouse Foreclosure Hits The Market In Coral Gables
A townhouse foreclosure just hit the market at 345 Madeira Avenue in Coral Gables. Built in 2010, this townhouse offers 2,118 square feet of living space with 3 bedrooms, 3 baths. Special features include a private elevator, impact windows, rooftop terrace, generator and 2 car garage. List price is $575,000 by Avatar. It is currently the least expensive townhouse on the market in Coral Gables.
To view a list of all townhouses available in Coral Gables, click here.
We know Coral Gables real estate. If you are interested in buying, selling, building or renting and are looking for Realtors who specialize in Coral Gables, please feel free to contact us at 305.342.1623 or send us a note here.
The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.
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Cocoplum Won’t Reach Last Year’s Record Sales Numbers
It is interesting to track and evaluate which communities in Coral Gables are more or less active. In 2011 for instance, Cocoplum had a record breaking year with almost $75,000,000 in volume and 36 sales. However this year, their sales won’t come anywhere near those figures. To date they have just 24 sales with slightly over $50,000,000 in volume.
One interesting thing about the numbers in Cocoplum this year is that despite the drop I mentioned above, they have seen an increase in the average Price/Sq. Ft. See the below chart which shows the average Price/Sq. Ft. for the past few years.
We know Coral Gables real estate. If you are interested in buying, selling, building or renting and are looking for Realtors who specialize in Coral Gables, please feel free to contact us at 305.342.1623 or send us a note here.
The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.
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Best Value For Waterfront Homes In Coral Gables?
If you are looking for a waterfront home in Coral Gables you will find the most bang for your buck in the Sunrise Harbour community located just north of Cocoplum. Waterfront homes here have sold between $1,500,000 to $4,500,000 this year which is considerably lower than other areas of the Gables. And the unique thing about these properties is that there are zero bridges to the bay, unlike similar homes you will find in Cocoplum and along the Gables Waterway.
The perfect example of a great value in Sunrise Harbour is this home that closed last week at 6830 Sunrise Place for $2,050,000. The home was completely updated with a new roof, updated kitchen, new A/C, new 70 foot boat dock and impact windows. It offered 3,672 square feet of living space on a 13,000 square foot dock.
We know Coral Gables real estate. If you are interested in buying, selling, building or renting and are looking for Realtors who specialize in Coral Gables, please feel free to contact us at 305.342.1623 or send us a note here.
The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.
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Something For Everyone In Coral Gables
From Old Spanish cottages to contemporary mansions, Coral Gables has an architectural style to suit everyone’s taste. You certainly won’t find rows of cookie cutter homes here! Check out the below properties that hit the market in Coral Gables in the past 7 days, the two couldn’t be more different!
7150 West Lago Drive | Cocoplum | 5,872 Sq. Ft. LA | 22,300 Sq. Ft. Lot | $4,700,000 | Listed by Avatar
827 Santiago Street | 1,557 Sq. Ft. LA | 5,000 Sq. Ft. Lot | $460,000 | Listed by ReMax
We know Coral Gables real estate. If you are interested in buying, selling, building or renting and are looking for Realtors who specialize in Coral Gables, please feel free to contact us at 305.342.1623 or send us a note here.
The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.
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Bermuda Village Townhouse Sells For $825,000
Keeping you updated on any relevant sales in Coral Gables, the townhouse that I wrote at about recently in my post titled Bermuda Village | Market Update has recently closed for a sales price of $825,000. At $327.00 per square foot, this transaction significantly helped boost values in Bermuda Village which had previously traded this year between $134.00 and $283.00 per square foot. Listing agent was Lowell International Realty.
To view all townhouses for sale in Bermuda Village, click here.
We know Coral Gables real estate. If you are interested in buying, selling, building or renting and are looking for Realtors who specialize in Coral Gables, please feel free to contact us at 305.342.1623 or send us a note here.
The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.
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Ray Allen Rents Waterfront Home In Gables Estates
According to the Huffington Post today, Ray Allen (who signed with the Miami Heat this summer) has rented a home on prestigious Tahiti Beach Island in the gated community of Cocoplum. The home which is located at 5 Tahiti Beach Island Road is extremely private with 11,533 square feet of living space on a 37,534 square foot lot with 10 bedrooms, 9 baths. The home was listed for $13,900,000 a few months ago, but has reportedly been rented to Allen for $50,000 per month.
Allen didn’t have many choices when looking for an ultra-luxury rental home in Coral Gables. There are currently just 3 for rent that are listed above $20,000.
The Coral Gables Real Estate Vault is the most comprehensive source for real estate information in Coral Gables. Read the latest news, statistics and opinions on our market or browse the latest listings in our Coral Gables Gated Communities, Waterfront Homes, Land For Sale, Foreclosures, Short Sales and more.
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