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Snapper Creek Lakes, 2012 Market Update

April 4th, 2012 Written By

Snapper Creek Lakes is a gated community located west of Old Cutler Road in Coral Gables.  Although not directly on the bay, the community does offer canal-front, lake-front and lagoon-front properties.  Snapper Creek Lakes is known for having homes with large lots that offer plenty of privacy.  Prices currently range from $1,999,000 to $7,450,000.  To view homes for sale in Snapper Creek Lakes click here.

So far in 2012, there have been 3 closed sales in Snapper Creek Lakes.  First, the short sale that I wrote about back in February (click here to read article) at 10305 Coral Creek Road sold for $2,850,000.  Agent was Elena Kemper and Libby Klein of EWM.  Second, the property at 11040 Snapper Creek Road sold for $2,100,000.   This home needed extenesive renovation and sold for virtually land value.  It was 1.2 acres on a canal with access to Biscayne Bay.  Agent was Jorge Fernandez and Malvina Godoy of One Sotheby’s.  Finally, the home at 5230 Oak Lane closed for a sales price of $1,600,000.  This property offered 4,846 square feet of living space on a 48,787 square foot lot.  Agent was Josie Wang of Avatar.

Last year there were 7 properties sold in Snapper Creek Lakes ranging in price from $1,400,000 to $6,600,000 with an average selling price per square foot of $417.00.

When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly. If you are interested in buying or selling a home in Coral Gables I would be happy to meet with you for a no pressure consultation. Please feel free to contact me directly at 305-342-1623 or send me a note here. 

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