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Successful Flip In French Village Sells For $2,575,000

June 16th, 2014 Written By

Picture of Pool in Coral Gables home in French Village

The home located at 541 Hardee Road sold in 2013 for $1,710,000.  The new owners did some major renovations to the home while maintaining the charm and character of this historical 1926 landmark.   When they placed it back on the market for a list price of $2,590,000, it went under contract in just 4 days.  The home sold for $2,575,000 last week (listed by Shelton and Stewart).  Special features of 541 Hardee Road included a formal living room with fireplace, dining room with french doors that lead to a main gallery overlooking garden through arched mahogany windows, a pecky cypress media room,  lush flowering garden surrounding coquina stone patio and pool, saltwater pool, impact windows and new Ludovici tile roof.

Homes in the French Village tend to sell at a premium and very quickly when they come on the market.  This home closed for $620.00 per square foot which is very high considering that the home wasn’t in a gated community or waterfront.  In fact, this was the highest “sale price per square foot” figure Coral Gables has experienced all year for non-waterfront homes.  I would say that makes this a very successful flip by the owners!

Living Room at 541 Hardee Road, Coral Gables

Kitchen at 541 Hardee Road in Coral Gables

We are Coral Gables real estate specialists.  If you are interested in buying or selling a home in Coral Gables, please contact us at 305-342-1623 or send us a message here, we would love the opportunity to work with you.

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