Waterfront Land In Coral Gables
September 14th, 2011 Categories:Coral Gables Real Estate
The market for waterfront land has been sluggish over the past few years in Coral Gables. Although builders are snapping up dry vacant lots, the numbers don’t often make sense on waterfront lots for investment purposes. Most of the time it takes an end user to buy a piece of waterfront land. That being said, there have been 3 waterfront lots sold this year in Coral Gables.
First, was 2.6 acres on a lake in the gated community of Snapper Creek Lakes. The lot sold for $4,300,000 or $37.00 per square foot. The second was 13,680 square foot lot on a canal, located on Riviera Drive. This lot was a short sale and sold for $875,000 or $63.00 per square foot. The third lot closed just last week on a canal in Cocoplum for $2,000,000 or $89.00 per square foot.
To view all waterfront lots currently for sale in Coral Gables, click here.
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.
Lowest “Price Per Square Foot” Homes In Coral Gables
September 12th, 2011 Categories:Buying Real Estate In Coral Gables, Coral Gables Real Estate
Valuing a home according to “price per square foot” has become the new trend in the past few years. Below are some of the lowest “price per square foot” homes on the market right now in Coral Gables.
Price Range $2,000,000+ | 5101 Hammock Lake Drive | 9,366 Square Feet Of Living Space | 4 Bedrooms/4.5 Baths | List Price: $2,800,000 ($298.00 per square foot)
Price Range $1,000,000 – $2,000,000 | 803 Alhambra Circle | 5,854 Square Feet Of Living Space | 5 Bedrooms/4.5 Baths | List Price: $1,399,000 ($238.00 per square foot)
Price Range $500,000 – $1,000,000 | 1015 Andalusia Avenue | 4,671 Square Feet Of Living Space | 5 Bedrooms/4.5 Baths | List Price: $997,000 ($213.00 per square foot)
Price Range 0 – $500,000 | 816 Madrid Street | 1,716 Square Feet Of Living Space | 3 Bedroom/3 Bath| List Price: $269,000 ($156.00 per square foot)
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.
Who Dominates The Coral Gables Real Estate Market?
September 9th, 2011 Categories:Coral Gables Real Estate
As you know I am a numbers guy and I track and analyze the active, pending and closed sales in the Gables every day. But I also like to keep an eye on our competition’s numbers. After running a quick search on the MLS, I am proud to say that EWM continues to dominate the single family market in Coral Gables.
On the luxury home front, EWM recently announced that we sold 90 homes & condos priced over $1,000,000 in 90 days in Miami-Dade County. This figure far surpasses the competition’s numbers during the same time period. With EWM’s global network of 32,000 real estate professionals and our affiliations with Mayfair International Realty, Christie’s International Real Estate as well as Luxury Portfolio International, there is no doubt that listing your Coral Gables home with EWM is a wise choice.
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.
Big Price Reduction On Hammock Lake Drive, Coral Gables
September 8th, 2011 Categories:Coral Gables Real Estate
The house located at 5101 Hammock Lake Drive (a future gated community) was taken off the MLS back in March of 2011 at a list price of $3,500,000. It has just come back on the market listed for $2,800,000 which is a $700,000 reduction. The home has a beautiful lake view and was completely re-built in 1999. Listed by EWM. More information here.
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.
Just Sold! 4315 San Amaro, Riviera Golf Course Coral Gables
September 7th, 2011 Categories:Coral Gables "Golf Course Front" Homes For Sale
Congratulations to my sellers who just closed on their Coral Gables home at 4315 San Amaro Drive. This home was located on the prestigious Riviera Golf Course in Coral Gables. With a sales price of $1,465,000 ($322.00 per square foot) we were just 6% off the final list price, well above the 10% off list price average in Coral Gables. To view photos and information of this house click here.
To view other homes for sale with golf course views in Coral Gables, click here.
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 Lies Ahead For Real Estate In Coral Gables?
September 6th, 2011 Categories:Coral Gables Real Estate
What a year it has been for the real estate market in Coral Gables. As the 3rd quarter comes to an end we have seen values in Coral Gables remain extremely stable and we have experienced an increase in the number of sales. The luxury market in Coral Gables has taken off with 94 homes sold over $1,000,000 so far in 2011, compared to just 74 at the same time last year. There have been 240 closed sales priced under $1,000,000 this year compared to 215 at the same time last year.
Take a look at the below charts that I created showing the distribution of homes sold in Coral Gables this year compared to 2009 and 2010. Click on each graph to view in better detail.
With a strong start to 2011, I believe that we will end the year with a historical number of properties sold in Coral Gables. Buyers are certainly getting off the fence and want to take advantage of the opportunities out there.
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.
Live On The Water In “Gables By The Sea” For $799,000
September 2nd, 2011 Categories:Coral Gables Gated Communities
A nice canal front home came on the market this week in Gables By The Sea priced for just $799,000. Although it seems like an absolute steal to get a waterfront home in the Gables for under $1,000,000, the catch to this property is that there is no access to the Bay. This house would be great for somebody who loves having a water view but doesn’t have a boat. The home offers 2,582 square feet of living area on a 12,000 square foot lot with 3 bedrooms, 2.5 baths. To view more photos of this property click here.
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.
How Long Does It Take To Sell A Home In Coral Gables?
September 1st, 2011 Categories:Coral Gables Real Estate
The distribution above shows the average “days on the market” for homes sold this year in Coral Gables. As you can see, most homes either sell very quickly (the ones that are priced right), or languish on the market for more than 120 days (the ones that are over-priced). It is a simple equation to getting your Coral Gables home sold, hire a good agent and price it right.
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 One…6945 Sunrise Terrace, Coral Gables
August 31st, 2011 Categories:Coral Gables Waterfront Homes
I hate to keep harping on the same topic but I can’t get over all of the activity we are seeing in the Sunrise area. On top of all of the pending sales I have reported on recently, a new listing came on the market last night priced at $4,750,000. The home is located at 6945 Sunrise Terrace. View information here. There is no better time to be buying on the water right now, we may not see prices like this again.
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.
Highest Sale Price In Coral Gables So Far In 2011!
August 30th, 2011 Categories:Coral Gables Gated Communities
I wrote last week about the home listed for $10,500,000 in Old Cutler Bay that was placed under contract. The home just came across the MLS as a closed sale and as predicted it garnered the highest sale price we have seen all year in Coral Gables. The home sold for $9,000,000 beating out the sale on Tahiti Beach that occured for $7,500,000 back in June. Below is a breakdown of sold luxury homes in Coral Gables in 2011:
- $1,000,000 – $2,999,999: 78 Sales
- $3,000,000 – $4,999,999: 9 Sales
- $5,000,000 – $9,000,000: 5 Sales
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.
