Coconut Grove Homes and Condos for Sale

Archive for the 'Coral Gables Homes for Sale' Category

Coral Gables Homes Priced Less Than $500,000

There are 71 homes in Coral Gables priced at $500,000 and less at this time.  At the height of the buying frenzy in 2006 I don’t recall a single home listed below half a million dollars!

Among those homes 16 are short sales and 6 are foreclosures. So far this year there have been 82 sales, and another 35 homes are under contract and working through the process to closing.

The averaged statistics for active listings, pending sales and sold properties are below.

• List Price: $391,000
• Sold Price: $359,000
• List Price Per Square Foot: $230.00
• Sale Price Per Square Foot: $207.00
• Sale Price to Listed Price Ratio: 93%
• Days on the Market: 133

One example of what you’ll find in this group of homes is 311 Navarre Avenue, a 3/2 main house and 1/1 cottage built in 1924 and needing some work. It has 2,140 square feet on a lot of 6,150. Coldwell-Banker has it priced at $299,900 now after a year on the market at $649,000. 

Click here to see all the Coral Gables homes listed for $500,000 and less.

One of the foreclosed homes in the list is a perfect example of what helped cause the meltdown in our housing market. 4810 Riviera Avenue was purchased in 2002 for $360,000. After the original mortgage of $337,000 to purchase the home, 2 more mortgages were added in March of 2004. The total mortgages outstanding were $742,000! Although the owners tried to sell it beginning in 2007, it was taken by the bank. The 2/2 home with a one-car garage is now listed by Keller-Williams for $304,000.

 Buying a home is more complicated than ever before. I can guide you through the paperwork, negotiations, and inspections, help you land the best mortgage, and anticipate and handle unexpected hurdles all the way to the moment you are given the keys to your new home.

Call me at 305 794.6570 anytime. You can also leave me a message and I’ll respond immediately. If you enjoyed reading this article, why not Subscribe to receive the next one.  Once you register, you must activate the subscription in a follow-up email.

 

What’s Happening in Cocoplum and Tahiti Beach?

Cocoplum is a Coral Gables gated community on the bay just south of Coconut Grove. Accessible by car through the single guarded entrance on Cartagena Circle, it is an isolated and insulated enclave of homes with its own marina.

Begun in the late 1970’s, it has grown into an exclusive community of over 400 homes, many of them with direct access to Biscayne Bay.  The Cocoplum Yacht Club has a full-service marina from which several big-game fishing tournaments are held annually, marking it as a world-class facility.

Cocoplum maintains 24-hour manned security at its entrance guardhouse as well as roving patrols offering residents complete peace-of-mind. Community services include a large clubhouse with pool, playground, state-of-the-art gym, tennis courts, basketball court, and a half-court for children. There are beautifully maintained gardens and landscaping throughout the community. You can check out all Cocoplum amenities here.

As of the beginning of July the average selling price for non-waterfront property in Cocoplum is $2,133,333 or $332 per square foot. For the same period, waterfront homes average $2,865,000 or $511 per square foot when sold.

To see all non-waterfront homes on the market, under contract and sold this year click here.

See all waterfront homes available, about to close and closed this year click here.

 

The map above outlines the main area of Cocoplum, but through a second security point and only with advance notice to the guard on duty, you can enter Tahiti Beach. Tahiti Beach waterfront homes have some of the best views of Miami across the water.

So far this year nothing has sold in Tahiti Beach, but you can see all the homes for sale there here. The average square feet in the homes is 9,045, the average asking price is $8,939,000 and the average asking price per square foot is $959.

 If you’re thinking of selling your Cocoplum home or buying in the community, call me at 305 794.6570 or leave me a note.

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Current Listing and Sales Prices In My Neighborhoods

This site covers the area between The Roads and Shenandoah, through Coconut Grove, encompassing the entire area of South Miami, and all of Coral Gables. The table below shows the listing and sale prices of these neighborhood homes, and what that equals in price per square foot.

The closed sales reflect activity within the last 90 days, which is the time appraisers use for establishing value for financing purposes. If you’re thinking of selling your home, besides inviting you to give me a call, I hope this will be a good guide for you as you consider the value of your home.

I researched Coconut Grove and Coral Gables by specific criteria, waterfront and non-waterfront, or dry lots. I further broke down Coral Gables as everything north of Bird Road, and then the homes south of there.  Coconut Grove is generally known by its three areas, and the center Grove has so few single family homes that it isn’t included in this table.

In South Miami I show data for High Pines and the Ponce-Davis neighborhood, then the rest of the area in its own line.

To stay updated with real estate information about these neighborhoods, receive my blog posts via email by subscribing here.  Once you register, you must activate the subscription in a follow-up email. To reach me immediately, call me at 305.794.6570 anytime.

San Souci Drive – A Private Coral Gables Enclave Off Ingraham Highway

 

At a certain point as you drive along Ingraham Highway in the south Grove it actually becomes Coral Gables! This change begins at San Souci Drive, a quiet and lush cul-de-sac with only 11 homes. For those who don’t know, everything south of San Souci and the next street to the south, Prospect Drive, from Ingraham Highway to the bay is Coral Gables! So the very southernmost end of what feels like Coconut Grove is really a small piece of the Gables.

It’s not often one of these homes changes owners, but Sy Greene of Coldwell-Banker has just listed a real beauty at 158 San Souci. It was built in 1994 on a lot of over 11,700 square feet. It has 4,933 square feet of living space with five bedrooms and 5 and a half bathrooms. Listed for $1,650,000, that’s $334 per square foot, a competitive price in today’s market.

There’s another home under contract at 120 San Souci Drive at the moment, too. It is a unique Zen-like home built in 1979 and exquisitely updated by the current owners. It has 4,178 square feet of living area, 5 bedrooms and 5 bathrooms and balconies off almost every room overlooking the amazingly lush grounds of 12,321 square feet. Originally listed at $1,899,000, the price was lowered to $1,699,000 in February – $406 per square foot – and went to contract the first day of April. I’ll update you on the purchase price when it closes sooon. This home is listed by my fellow EWM Realtor, Carole Smith.

If you are thinking of selling your home or buying a new one you need a local expert who knows the area at the the micro-level, someone who knows the subtleties of every street. Successfully handling real estate transactions in this very area is what I do, everyday for over 20 years. Contact me if you would like to know the value of your property or want to begin looking for your first or next home in the Grove or Gables. You may call me anytime at 305 794-6570, too.

To stay updated with all Coconut Grove and Coral Gables real estate information, receive my blog posts via email by subscribing here.  Once you register, you must activate the subscription in a follow-up email.

Spring Is Here! Have You Caught The Fever Yet?

Ahhh, spring! What is there not to love about spring? The relentless cold we endured this winter is safely behind us, on and off daily rain showers are beginning,  and plants that took a beating are showing signs of “spring”ing back to life. Is that why it’s called spring?

Are you ready to watch the flowers bloom in the yard of a new home? I would love to show you what’s available in this most active time of the year. To begin a search on your own, click here.

If you have thought about selling your home or buying a new one, please give me a call at 305 794-6570. I’m hoping to spring into action for you!

Six Fabulous Homes For Sale On Riviera Drive

EWM is rolling out a program in April called “Elite Properties” to advertise homes listed at $2,ooo,ooo and above. Since we lead all other companies in handling the high-end market, it makes sense to give this sector of the market its own exposure niche.

As I was previewing another home in Coral Gables today, it dawned on me that most of the homes for sale on Riviera Drive are listed with EWM and will be included in the new program. The following are all located on the Coral Gables Waterway and are in the program unless noted.

5530 Riviera Drive  Asking Price: $2,295,000

Five bedrooms and 5 bathrooms, built in 1954 and most recently renovated and enlarged in 2004. The master suite occupies the entire second floor, and there is a 60′ dock with lift on a 125 foot dock on the Coral Gables Waterway. There is a summer kitchen and heated pool.  Asking price equals $601 per square foot.

6850 Riviera Drive   Asking Price: $2,550,000

5 bedrooms, 6 and a half bathrooms with 5,646 square feet. 100 foot dock with two boat slips. Two family rooms, one upstairs and one downstairs. The home is beautifully funky-chic as presented by the sellers. The property is asking  $451 per square foot

6312 Riviera Drive   Asking Price: $7,200,000

Designed in 1937 by Phineas Paist, this home is known as Coral Cove. Located on the widest part of the Coral Gables Waterway, it has 5 bedrooms and 11 and a half bathrooms on an acre and a half of the most prime Coral Gables land. It has all the charm and grace of a bygone era with every convenience and comfort of today. The asking price equals $642 per square foot.

6410 Riviera Drive   Asking Price: $2,990,000

Four bedrooms, 5 full bathrooms and 2 half-baths on a half acre lot on the widest part of the Waterway. 5,126 square feet totally renovated with impact glass windows and doors. 100′ dock with lift. $577 per square foot asking price. This home is listed by Coldwell-Banker and will not be shown in the Elite Properties catalogue.

6500 Riviera Drive   Asking Price: $9,400,000

8,200 square feet  with six bedrooms, 6 full bathrooms and 2 half-baths. Truly an Architectural Digest-style design with museum quality materials and finishes. 150′ dockage and complete library that converts into screening room. Listed by One Sotheby International Realty at $1146 per square foot.

6820 Riviera Drive  Asking Price: $2,795,000

4,447 square feet with 5 bedrooms, 5 and one half bathrooms on almost a half-acre of canal-front land.
The courtyard entry leads to walls of glass that look onto the Coral Gables Waterway. Dock with davits and super tropical landscaping. The asking price equals $648 per square foot.

If you are interested in more information about any of these homes let a neighborhood specialist like me help you. Call me at 305 794-6570 anytime or send me a note.