Platinum Triangle Prices Start At $589,000
March 9th, 2010 Categories:The Platinum Triangle
The Platinum Triangle is a very desireable location in Coral Gables. Believe it or not, the prices in the Platinum Triangle start at $589,000. Most of the homes in this area were built in the 1950’s and updated, but there are a few new construction homes that have come on the market as well. Check out a few properties currently for sale in The Platinum Triangle.
6710 Tarrega Street | Built In 2009 | 5 Bedrooms, 5 Baths | 4,274 Square Feet | 9,200 Sq. Ft. Lot | Asking Price: $1,599,000 | Broker is One Sothebys
701 Coronado Street | Built in 1956| 4 Bedrooms, 3 Baths | 3,440 Square Feet | 19,422 Sq. Ft. Lot | Asking Price: $1,197,000 | Broker is ReMax
Other properties for sale in the Platinum Triangle of Coral Gables include:
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720 Coronado Avenue 5 Beds/4 Baths, $1,200,000
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7020 Mindello Street 4 Beds/3 Baths, $1,390,000
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7750 Mindello Street 3 Beds/2 Baths $589,000
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7320 Mindello Street 5 Beds/6 Baths $1,950,000
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631 Santurce Avenue 3 Beds/2 Baths $659,000
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510 San Juan Drive 3 Beds/2 Baths $738,000
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521 San Juan Drive 4 Beds/3 Baths $855,000
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750 San Juan Drive 3 Beds/3 Baths $895,000
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743 Tibidabo Avenue 4 Beds/2 Baths $849,000
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6411 Leonardo Street 3 Beds/2 Baths $699,000
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6511 Riviera Drive 4 Beds/3 Baths $1,295,000
If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced Realtor, please contact me at 305.342.1623 or send me a note here. To receive a custom market snapshot of your current property just enter your home address here.
Average Asking Price vs. Average Selling Price In Coral Gables
March 8th, 2010 Categories:Selling in Coral Gables
As you can see from the chart above (click to view larger) there is a large discrepancy between the price of homes for sale and the price of homes selling in Coral Gables. The average price of homes on the market right now is $2,345,000 and the average price of homes sold in the beginning of 2010 was $740,000. This shows that there is a large gap between what sellers are asking and buyers are willing to pay in Coral Gables. (Keep in mind that there are some exceptionally high priced waterfront homes that are pulling up the average list price.)
If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced Realtor, please contact me at 305.342.1623 or send me a note here. To receive a custom market snapshot of your current property just enter your home address here.
Deering Bay: Sold For $1,378,000 in 2006, Now Asking $1,099,000
March 5th, 2010 Categories:Coral Gables Condos
We all know that most condominium buildings in South Florida have taken a big hit in the market crash. But in Deering Bay, most of the units on the market are now asking much more than they sold for just a few years ago.
When doing some research for a client, I noticed that the owners of Unit #1001 in the Verona building are acutely aware of the market conditions. They purchased the property for $1,378,000 in 2006 and are now asking $1,099,000. The unit is updated with ebonized mahogany wood floors, silhouette and black out shades, new appliances, crown moldings and many more special features. The unit has wonderful views of the Deering Bay Lagoon and golf course. Other details include: 2,740 square feet of living space and 4 bedrooms, 3 baths. Broker is Miami Real Estate.
As I have mentioned many times before, I have an agent on my team who lives in Deering Bay and specializes in Deering Bay real estate. She offers a very unique perspective on the market and the community there. If you are interested in seeing this condo or any other properties in Deering Bay please give me a call at 305.342.1623 or send me a note here, our team would be happy to assist you.
What Do You Get For Your Money In Coral Gables?
March 1st, 2010 Categories:Buying in Coral Gables
Taking a look at homes in Coral Gables that sold recently between $500,000 to $1,000,000 they had an average of 3.5 bedrooms, 2.5 baths and 2,500 square feet of living space. The price range between $1,000,000 to $1,500,000 had an average of 4.8 bedrooms with 4.5 baths and 4,159 square feet of living space.
An interesting thing to note is that as you get higher up in price range the Sale Price/List Price ratio drops from 91% to 87%. In other words, the higher end homes seem to be taking slightly more off of their list price than the mid-priced homes.
If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced Realtor, please contact me at 305.342.1623 or send me a note here. To receive a custom market snapshot of your current property just enter your home address here.
Great House On Sans Souci Drive, Coral Gables
February 25th, 2010 Categories:Coral Gables Real Estate
I snuck out of my Broker’s Open house yesterday for 10 minutes to take a look at this great house on Sans Souci Drive - just on the border of Coconut Grove and Coral Gables. The home features balconies off of almost every room, wood beamed ceilings, fabulous porches, split floor plan, and a great pool and patio area with lush landscaping. San Souci (some say Sans Souci) is a wonderful, private, cul-de-sac street. Listed by EWM Realtors, Inc. at a price of $1,699,000 (recently reduced from $1,899,000).
The details:
- 5 bedrooms, 5 baths
- 4,178 square feet of living space
- 12,321 square foot lot
If you are interested in buying or selling real estate in Coral Gables and are looking for an expereinced agent, please contact me at 305.342.1623 or send me a note here.
Gardens on Valencia – New Luxury Townhomes In Coral Gables
February 24th, 2010 Categories:Coral Gables Townhouses
There are 6 new luxury townhouses being built on Valencia Avenue. Valencia Avenue is situated south of Coral Way and just blocks from the Granada Golf Course and The Biltmore Hotel. Some special features of these luxury townhouses include: private elevator, 11 foot high ceilings, generator, custom wood cabinets, Sub Zero refrigerator, Wolf oven, Miele Coffee Maker, Miele Dishwasher and 2 car garage. Prices right now in Valencia Gardens range from $1,100,000 to $1,300,000.
Other luxury townhouses in Coral Gables include The Venetian, Old Spanish Village, The Deering Bay Villas. To see a complete list of the townhouses that are available for sale in Coral Gables, please click here.
If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced realtor please contact Riley Smith at 305.342.1623 or send me a note here.
New Listing on Coveted Santa Maria Street In Coral Gables
February 19th, 2010 Categories:Coral Gables "Golf Course Front" Properties
EWM has a new listing on the much sought after Santa Maria Street. As you can see from the map above Santa Maria is completely surrounded by the Riviera Golf Course making it a prime location.
This house sits on a rare double lot (20,000 square feet) with 4 bedrooms, 3 baths and 3,080 square feet of living space. The house also features guest quarters with separate entrance, an updated kitchen, new roof and recently refinished wood floors. Asking price is $1,300,000. The home is also available for rent for $4,200.
If you are interested in seeing this property please contact me at 305.342.1623 or send me a note here.
40% of EWM’s Current Transactions Are Cash Deals
February 19th, 2010 Categories:Coral Gables Real Estate
South Florida real estate is experiencing a large increase in the number of cash trasnactions. About half of my current contracts and over 40% of EWM Realtor’s Inc. overall transactions are cash deals. With the number of financed transactions down due to appraisal and down payment issues Miami should count its lucky stars that it has so many cash buyers coming into the market.
Gables On The Green, Market Update
February 17th, 2010 Categories:Coral Gables Condos
Two new listings came on the market recently in Gables On The Green. The condominium was built in 2002 and all of the units have great views of the golf course, Gables canopy and the Miami skyline. Gables On The Green is ideally located just steps from Miracle Mile and downtown Coral Gables.
The first unit (#1502) came on the market in January. It is the lowest priced unit in the building at $1,025,000. The unit features 3 beds, 3 baths and is located on the 15th floor with 2,100 square feet of living space. Broker is Great Properties International.
The second unit (#1203) came on the market last week at a price of $1,350,000. This is also a 3 bedroom, 3 bath unit with 2,100 square feet but is located on the 10th floor. Broker is EWM Realtors, Inc.
The last 3 bedroom to close in Gables On The Green was in 2008. It was located on the 7th floor, had 2,100 square feet and sold for $750,000.
If you are interested in buying or selling real estate in Coral Gables and are looking for an experienced agent, please contact me at 305.342.1623 or send me an email here.
Edgewater Drive In Coral Gables – Something For Everyone
February 15th, 2010 Categories:Coral Gables Condos
Edgewater Drive is located at the mouth of the Coral Gables Waterway. As far as real estate goes, there is something for everyone on this street. You can find inexpensive non-waterfront condos on the north side of Edgwater and $16,000,000 penthouses on the south side.
Talking with residents of Edgewater Drive they tell me that they love the street for its proximity to Coral Gables and Coconut Grove. The street also has a very residential feeling. It is lined with trees and sidewalks, and is just steps from the recently renovated Sunrise Park. The street is a haven for joggers and cyclists (including myself) on the weekend who try to avoid the traffic found on Ingraham Highway.
If you are in the market for condos in Coral Gables you should check out what is available on Edgewater Drive. Condos for sale on Edgewater Drive. Condos for rent on Edgewater Drive.
