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The Platinum Triangle Sees Few Sales Due To Low Inventory

March 9th, 2016 Written By

San Servando

There are only 5 homes currently for sale in the sought after neighborhood of The Platinum Triangle. Homes in this area tend to get snapped up quickly due their proximity to the neighboring communities of South Miami and Coconut Grove. It is a very central location in Coral Gables which helps with the daily commute to work and schools.

The active listings in The Platinum Triangle range in price from $997,000 to $3,950,000. Sales in this area have ranged over the past 12 months between $670,000 and $2,575,000. Although there were 11 sales in The Platinum Triangle during 2015, there have not been any closed sales so far in 2016. The lack of activity is a result of low inventory levels.

Check out what is for sale in The Platinum Triangle below:

  1. 5 beds, 3 baths
    Home size: 4,738 sq ft
    Lot size: 16,500 sqft
    Year built: 1965
    Days on market: 38
  2. 6 beds, 6 baths
    Home size: 7,207 sq ft
    Lot size: 1.13 ac
    Year built: 2003
    Days on market: 93
  3. 5 beds, 4 baths
    Home size: 4,707 sq ft
    Lot size: 20,000 sqft
    Year built: 1954
    Days on market: 99
  4. 7 beds, 7 baths
    Home size: 9,055 sq ft
    Lot size: 28,600 sqft
    Year built: 2008
    Days on market: 101
  5. 5 beds, 3 baths
    Home size: 3,677 sq ft
    Lot size: 20,350 sqft
    Year built: 1955
    Days on market: 114

See all Coral Gables Platinum Triangle.
(all data current as of 6/22/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

With over $85,000,000 in sales volume in 2015, The Riley Smith Group knows real estate. If you are interested in buying, selling, building or renting and are looking for Realtors who specialize in Coral Gables, please feel free to contact us at 305.960.5317 or send us a note here.

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