There have been 33 waterfront homes sold in Coral Gables this year. This includes canal-front, bay-front and lake-front properties. These homes have closed for an average of $636.00 per square foot which is an increase of almost $100.00/sq. ft. from 2013. This segment of the market has experienced one of the highest rises in value in 2014.
Five of the waterfront properties that sold this year were partially completed homes or homes that required major renovation. There have been two direct bay-front homes sold, these closed for over $1,000/square foot.
Real estate in Coral Gables is changing on a daily basis, if you own a home in Coral Gables and are considering selling please don’t hesitate to contact us at 305-342-1623 or send us a message here. We are Coral Gables real estate specialists and would be happy to provide you with a no pressure home valuation.
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