Beth Kipnis

Market Update Category

Condos In Coral Gables Within Walking Distance to Miracle Mile

Downtown Coral Gables has become a real destination in the last decade. Where once the sidewalks rolled up at 5:00 pm, there now exists a vibrant  and sophisticated bevy of great restaurants, trendy shops, a huge Barnes and Nobles bookstore, and a bit of something for everyone. There’s even a free trolley to get people from place to place; so you can park and be shuttled from lunch at Houston’s to Merrick Park for for some high-end shopping.

As Miracle Mile became more inviting, the need for close-in housing grew to the point that today you can live within walking distance at any price point! Below are the best-maintained and newest condomiums that fit this description:

  VILLA ALHAMBRA 

  50 Alhambra Circle

  2 and 3 bedrooms

  36 Units on 4 Floors

   Built in 2008

  Sales between $300,000 & $775,000

 

GABLES PARK TOWERS

357 Almeria Avenue

1 and 2 bedrooms

78 Units on 16 Floors

Built in 2003

Sales between $250,000 & $620,000

  ANDALUSIA CONDO  

  100 Andalusia Avenue

  1, 2, and 3 bedrooms

  96 units on 8 floors

  Built in 2005

  Sold between $267,000 & $835,000

 

  10 ARAGON

  10 Aragon Avenue

  1, 2, and 3 bedrooms

  186 units on  15 floors

  Built in 2002

  Sales between $155,000 & $686,000

 

  BILTMORE II CONDOS

  600 Biltmore Way

  2 and 3 bedrooms

  232 units on 14 floors

  Built in 1973

  Sold between $230,000 & $930,000

 

GABLES PLAZA CONDO

  625 Biltmore Way

  1 and 2 bedrooms between $190,000 & $540,000

  91 units on 14 floors

  Built in 1969

  Sales between $190,000 & $540,000

 

BILTMORE VILLAGE

671 Biltmore Way

1 and 2 bedrooms

16 units on 7 floors

Built in 2001

Sold between $310,000 & $600,000

 

  GABLES PLACE CONDO

  427-499 Coral Way

  3 bedrooms

  15 units on 2 floors

  Built in 1996

  Sold for $480,000 to $615,000

  SEGOVIA TOWERS 

  600 Coral Way

  3, 4, and 5 bedrooms

  15 units on 15 floors

  Built in 2004

  Sales between $780,000 & $1,600,000

 

GABLES ON THE GREEN

  626 Coral Way

  2, 3 and 4 bedrooms

  52 units on 15 floors 

  Built in 2002

Sold between $389,000 & $2,700,000

 

  MINORCA CONDO

  2030 Douglas Road

  1, 2 and 3 bedrooms

  157 units on 8 floors

  Built in 2005

  Sold between $200,000 & $535,000

 

GABLES TERRACE CONDO 

2351 Douglas Road

1 and 2 bedrooms

108 units on 13 floors

Built in 1995

Sales between $90,000 & $355,000

                                                                                                      

  PHILIP PARK VILLAS 

  1650 Galiano Avenue

  1, 2 and 3 bedroom units

  41 units on 4 floors

  Built in 2007

  Asking $273,000 to $730,000

MADEIRA VILLAGE CONDO

300 Madeira Avenue

1 and 2 bedrooms

12 units on 3 floors

Built in 1969

Sales between $130,000 & $299,000

  VILLA ISABELLA 

  322 Madeira Avenue

  1 and 2 bedrooms

  29 units on 6 floors

  Built in 2004

  Sold between $185,000 & $405,000

 

343-349 MADEIRA

343-349 Madeira Avenue

3 bedrooms

4 units on 3 floors

Built in 2009

Sold between $795,000 & $1,195,000

 

  MENDOZA VILLAGE

  115 Mendoza Avenue

  1 and 2 bedrooms

  12 units on 5 floors

  Built in 2004

  Asking between $289,000 & $430,000

 

DOUGLAS GRAND CONDO

50 Menores Avenue

1 and 2 bedrooms

156 units on 8 floors

Built in 2002

Sales between $118,000 & $3,547,000

 

  55 MERRICK PARK CONDO

  55 Merrick Way

  1, 2 and 3 bedrooms

  167 units on 8 floors

  Built in 2008

  Sales between $339,000 & $780,000

 

GABLES COURT CONDO

261 Navarre Avenue

2 and 3 bedrooms

20 units on 3 floors

Built in 1992

Sales between $249,000 & $565,000

 

  THE PONCE DE LEON

  1607 Ponce de Leon Boulevard

  1, 2 and 3 bedrooms

  50 units on 14 floors

  Built in 2008

  Sold between $360,000 & $ 550,000

 

PONCE TOWER 

1805 Ponce de Leon Boulevard

1,2 and 3 bedrooms

15 floors

Built in 2008

Sold between $239,000 & $599,000

 

  GARDENS ON VALENCIA 

  530 Valencia Avenue

  4 bedroom 

  6 units on 2 floors

  Built in 2009

  Sold between $1,100,000 and $1,300,000

 

VALENCIA GRANDE

642 Valencia Avenue

2 and 3 bedrooms

32 units on 5 floors

Built in 2008

Sold between $450,000 & $580,000

  VILLA ZAMORA

  118 Zamora Avenue

  2 and 3 bedrooms

  38 units on 5 floors

  Built in 2007

  Sold between $205,000 & $265,000

there are some older and smaller places, too, which are available. If you are interested in knowing more or seeing any condominium in Coral Gables, I can help. You can send me a note or call me at 305 794-6570. I’m at your service.

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An Update On Buildable Lots In Coconut Grove

There hasn’t been much new construction anywhere in a while as prices of existing homes continue to drop. I wrote about a small new office building going up at the corner Oak Av and Rice St behind the Mayfair in a recent article, but this time I’m talking about land available for new homes.

In the last 6 months there have been only 3 buildable lots sold in Coconut Grove. One was in the South Grove on Park Avenue, a quiet street recently closed to traffic from Ingraham Highway and Douglas Road. The area is quintessential South Grove, with a canopy of towering oak trees, super lush foliage, and no sidewalks. It’s a surprise to me that the 21,600 square foot lot sold for the least per square foot of the 3 sales, $29. The asking price had been $699,000 and the sale price was $630,000.

The other two closed  buildable lots were in the North Grove on Crystal View Court and S. Bayshore Lane.  Although the price paid per square foot for both was more than the South Grove sale ( $42 and $99 psf respectively) the bottom line is that these cost less money. The Crystal View lot was 11,600 sq ft selling for $495,000 and the South Bayshore Lane lot, the smallest at 5,185 sq ft, sold for $515,000. Since this one sold at a whopping $99 per sq ft and isn’t waterfront, this sale is really remarkable to me.

When construction costs can be higher than the price per square foot that the finished product can be sold for, land sales are difficult and the amount low.

The following table is representative of all areas in the Grove where buildable lots are on the market. There are more available, and you should contact me for information on any other property, built or not, about which you would like information.

 

 

 

 

 

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