The home located at 801 Valencia Avenue in Coral Gables sold in 2013 for $830,000. The owners placed the home back on the market just 7 months later for a list price of $950,000 and just closed on it for $940,000. The home completed a major renovation in 2010, but had no significant improvements between 2013 and 2014.
I am sure that many people who saw the house balked at paying $100,000 more than what the current owners paid just a year ago. But I always tell my clients that you can’t penalize someone for getting a good deal on a house in a surging market. A house is worth what someone will pay for it, and in today’s environment if you don’t buy it someone else will.
Details of this home included:
- 2,332 square feet of living area
- 3 bedrooms, 3 baths
- 11,600 and room for a pool
- Listed by Blue One Realty
If you want to work with a realtor who specializes in Coral Gables real estate, please feel free to contact me at 305-342-1623 or send me a note here. The real estate market is changing rapidly and we follow the trends to make sure our clients make informed, confident decisions.