Sunday, December 30, 2012

Snapper Creek Lakes – An Exclusive Coral Gables Guard-Gated Community

As one of Coral Gable’s most exclusive guard-gated communities, Snapper Creek Lakes is definitely a very sought-after neighborhood in the Miami metro area.  Not only is it one of the safest neighborhoods in the area, it is one of the most beautiful as well.  From the intricate design and style of each home to the perfectly landscaped lawns and common areas, much goes into the look and feel of Snapper Creek Lakes.  Originally developed in the early 1950s, the community includes mature tropical foliage on each lot as well as along tree-lined streets.  Because the 24-hour guarded gate is the only way in and out, this is an ideal neighborhood for families, and retirees.  Even those who want to live in the area part-time choose Snapper Creek Lakes because of the sense of security.

Snapper Creek Lakes Location
As a small neighborhood with only 124 homes, Snapper Creek Lakes sits across Old Cutler Road from Fairchild Tropical Botanical Gardens.  It is considered a waterfront community because some of the homes back up to canals that provide access into Biscayne Bay. The other homes sit on a small neighborhood lake or are surrounded by land and lush foliage.  Canal front homes offer private docks for those who yachts.  Additionally, there is a community marina where all homeowners can rent dock space as well as dry-dock and land space to keep their boats.  The marina is just a five-minute boat ride from Biscayne Bay.  For families with small children, Snapper Creek Lakes is very close to some of the best private and public schools in the entire state.  

Real Estate in Snapper Creek Lakes
Snapper Creek Lakes real estate shows off some of the most unbelievable homes in all of Coral Gables not to mention the entire Miami area.  The large, estate sized homes are situated on oversized lots of at least one acre.  Architectural styles vary throughout this exclusive enclave but are subtly gracious in their appearance. These grand homes feature all of the exquisite décor and updates that one expects in a home of this caliber.  Unbelievable pools surrounded by extensive outdoor living areas are commonplace in the large backyards.  Some homes even have privacy gates to provide additional security on top of the entrance gate that is manned by guards. 

Values in this community range from about $1 million to well over $10 million.  There are currently 12 homes listed for sale in Snapper Creek Lakes priced between about $2 million and $11 million with one lot for sale at $2.8 million. The most affordable home includes 5 bedrooms and 5 baths with the most expensive including 8 bedrooms and 9 bathrooms with 14,063 square feet. There are currently no properties for rent in Snapper Creek Lakes.

As for recent sales, only seven homes have sold in 2012 priced between $1.7 million and $4.1 million.  These homes stayed on the market for about 276 days.  

An Exclusive Highly Desirable Coral Gables Neighborhood
Snapper Creek Lakes is a highly desirable neighborhood located in the South Gables section of Coral Gables and one that elite residents strive to live in.  Discerning buyers seek out homes in Snapper Creek Lakes.  This is definitely a top pick with Coral Gables real estate.

Friday, December 28, 2012

Gables on the Green: Two luxurious towers in the heart of City Beautiful

Located at 626 Coral Way, in the heart of Coral Gables, you will find Gables on the Green.  These 17-story buildings with a combined total of 52 units sit side by side as if to watch over the city with their Mediterranean Revival architecture complementing the entire atmosphere.  The luxury condominium towers are differentiated in name, Gables on the Green East and Gables on the Green West.

Gables on the Green is very close to the shopping, restaurants and entertainment for which Miracle Mile and Miami’s downtown areas are well known.   Many residents love that they can walk pretty much anywhere in Coral Gables because of the location of the condominium.  It is less than 15 minutes away from Miami International Airport, and the fun of South Beach.

What Gables on the Green Offers
Gables on the Green overlooks the Granada Golf Course and features lovely views of the lush green fairways.  Built in 2002 with privacy as the number one standard, each building offers private elevator foyers that guide residents straight to their front doors. Inside each home lies a modern kitchen with granite counter tops, and 10-foot ceilings as well as impact-resistant windows and sliding glass doors that lead out to balconies with unbelievable views of downtown Coral Gables.  One other amenity that is a true plus for living in the Miami area is that each building is equipped with an emergency power generator, which is useful during hurricane season.  Residents also enjoy a heated pool and spa ans well as a fitness center in addition to a conference room and assigned, covered parking.

Real Estate in Gables on the Green
Gables of the Green has a very low turnover with its residents.  In fact only two units have sold so far in 2012 with an average sale price of about $700K compared to 2011 where none were sold.  One home that sold this year stayed on the market for over 500 days while the other one sold within 50 days of listing.  There is only one three bedroom unit for sale at this time with a list price of $985K.  Gables on the Green is ideal for retirees who relocate to Coral Gables and those wanting a second home to spend winters. There are no available rentals in Gables on the Green at this time.

A Popular Pick
Those familiar with Coral Gables and have a strong desire to live there should really take a look at Gables on the Green.  It has so much to offer and is such a landmark in this lovely part of the Miami Metro.  Just be ready to move on a listing.  The residents love where they live and rarely leave.  Be ready to buy when the opportunity presents itself as Gables on the Green real estate offers affordable luxury to its owners.

Thursday, December 20, 2012

The Best Coral Gables Waterfront Communities for Yacht Owners

South Florida is a very popular place for those who love the water.  Whether it is the desire to be close to it or a desire that comes with a love for yachting and boating, Coral Gables waterfront homes offer the perfect locations for anyone wanting to be near the water. 

For many who come to Coral Gables to spend the winters or live here full time, finding the right neighborhood to accommodate this passion is sometimes overwhelming because of the high number of waterfront homes.  Following are the best Coral Gables waterfront homes for boat owners.

Gables Estates, List Prices: $3.4M - $18M
One of the most exclusive waterfront neighborhoods in Coral Gables, Gables Estates is high on the list in the Miami metro area.  Estate homes are standard in this very upscale community.  With only about 200 lots in the entire neighborhood, Gables Estates is guard-gated and features the most exquisite homes with tons of waterfront access to Biscayne Bay and the Atlantic Ocean.  Many waterfront homes are located on wide, deep canals and have massive concrete docks that accommodate mega yachts as well as multiple vessels.  Gables Estates is also an ideal community for families with children as there is a wonderful children’s club and the neighborhood is close to some of the area’s best public and private schools. A six bedroom 5 bath with 5,426 square feet home in Gables Estates is listed at $3.4 million.

Old Cutler Bay, List Prices: $2.7M - $9M
Developed in the 1960s, Old Cutler Bay is a very affluent Coral Gables neighborhood with many estate homes.  These classic homes offer the most beautiful options on wide, deep canals or facing Biscayne Bay and feature large concrete docks that accommodate enormous yachts and multiple vessels.  The guard-gated neighborhood is has the perfect location for those wanting to live a very secluded lifestyle while still being close to all that Coral Gables and Miami have to offer.   This is a neighborhood with little turnover as only three of the 136 homes have sold so far in 2012.  The most expensive home listed for sale in Old Cutler Bay is a 6 bedroom 6 bath with 7,897 square feet priced at almost $9 million.

Sunrise Harbour, List Prices: $2.8M - $9M
A smaller, yet still very exclusive, community is Sunrise Harbour.  This gorgeous neighborhood with just over 80 homes sits adjacent to Biscayne Bay.  Situated in a more secluded part of Coral Gables, the most exclusive homes face Biscayne Bay while others sit on deep water canals.  Homes in Sunrise Harbour vary in style but all reflect a calm, serene ambience. Listed for sale in Sunrise Harbour is a 6 bedroom 5 bath with 4,471 square feet priced at $2.3 million.

Cocoplum, List Prices: $1.6M - $9.5M
Another family oriented neighborhood in Coral Gables is Cocoplum.  Cocoplum is an ideal area for passionate boaters and water lovers as it offers direct access to Biscayne Bay and the Atlantic Ocean.  While many of the homes sit on the water and include private docks, Cocoplum also features a full-service members' only marina and yacht club with a dock master as well as tennis courts, club house with a magnificent pool, and children's playground.  Cocoplum is situated close to the best public and private schools making it a much sought after community in Coral Gables. A four bedroom three bath single family home in Cocoplum is listed at $1.7 million.   

Gables by the Sea, List Prices: Mid-$800s to $9M
Gables by the Sea is a very exclusive neighborhood with only 19 streets filled with beautiful, classic Florida estates and homes that sit on deep canals.  With direct access to Biscayne Bay, this is a great location for boaters and those who love the water.  Families love Gables by the Sea because of the children’s activities including a wonderful playground and close proximity to area private and public schools. A single family home in Gables by the Sea is priced at $865,000. It includes five bedrooms and four baths with square footage of 3,575.

A Huge Selection
No matter the neighborhood, Coral Gables is filled with a huge selection of beautiful waterfront homes that offer South Florida living at its best.  While there are more waterfront neighborhoods throughout Coral Gables, these are simply the crème of the crop.  

Tuesday, December 18, 2012

Top Five Condominiums in Coral Gables

Coral Gables has grown in popularity over the past several years by many of the upper class residents of the area.  Because it is part of the Miami metro area, Coral Gables allows its residents to be close to all of Miami but, at the same time, be apart from the noise and action that can often be overwhelming.  Coral Gables is a very close-knit community and somewhat of an escape to peace and tranquility. 

Top Five Condominiums
As with most metro areas in the south portion of Florida, condominiums are very prevalent as many residents retire to the area or live here half of the year.  While a lot of Coral Gables condominiums are homes to these residents, there are several that stand out above the rest and cater to upscale residents looking for high-scale luxury.  When you see them, it is easy to see their value and what makes them elite properties.

For Sale in The Gables Club, 10 and 60 Edgewater Drive, List Prices: $1.15M - $7.9M
The twin towers of the Gables Club offers outstanding views of Biscayne Bay, the Atlantic Ocean & the city from many of the homes inside the building.  Built between 2003-2004, residents enjoy all the amenities of a five-star resort as well as two to six-bedroom homes between 2,600 and 10,000 square feet.  Other conveniences include boat slips at the nearby marina, exclusive use of the 14,000 square foot club with a gourmet restaurant and so much more.  If those features are not enough, the year-round tropical breezes from the beautiful balconies are sure to make this condominium an ideal place to live.

For Sale in Milano at Deering Bay, 13621 Deering Bay Drive, List Prices: Upper $800s - $2.8M
Located adjacent to the Deering Bay Yacht Club, Milano at Deering Bay is one of the luxury condominiums situated in a quiet cul-de-sac in Deering Bay.  As part of a gated community, the 13-story building houses only 45 residences each with three or four bedrooms and 2,800 to 6,600 square feet in size.  Some of the amenities at Milano include a private elevator lobby and beautiful terraces with expansive views of Biscayne Bay and the city.  Inside each home, there are updated gourmet kitchens, nine-foot ceilings, private terraces and everything else that is expected in a home of this caliber.  Built in 2003, residents enjoy a gorgeous pool and spa area as well as a state of the art fitness center.

Siena at Deering Bay, 13611 Deering Bay Drive, List Prices: $2.7M
While there is currently only one home for sale at Siena at Deering Bay, the home values range between the upper $900s to almost $3 million.  This beautiful sister property to Milano features 14 stories with only 42 three to four-bedroom units ranging in size from almost 2,300 to about 4,700 square feet.  Built in 2001, the homes offer nine-foot ceilings, updated gourmet kitchens, oversized balconies with sweeping Bay and golf course views.  

For Sale at Segovia Tower, 600 Coral Way, List Prices: $1.4M – $2.1M
Built in 1998, this Mediterranean style, 15-story condominium offers the feeling of living in a single family home with all the amenities of a luxury condominium by featuring only one unit per floor.  Centrally located in the heart of Coral Gables, residents have expansive views from large balconies that overlook the Granada Golf and Country Club.  These units feature high ceilings and updated residences that are ideal for those who expect the best and are the perfect home away from home.  

For Sale at Gables on the Green, 626 Coral Way, List Prices: Upper $900s - $2 M
Gables on the Green is situated in the heart of Coral Gables overlooking the Granada Golf and Country Club.  Consisting of two 16-story towers with 53 residences, the buildings feature two to four-bedroom homes ranging in size from 1,500 to 3,500 square feet.  Amenities include attached covered parking with assigned spaces, an exercise room, pool, and more.  An ideal location for those who enjoy walking, Gables on the Green is a short walk to the shopping and dining famous in the area.

The Epitome of Luxury
Coral Gables is a very upscale part of the Miami metro area and these condominiums exude everything that is expected with luxury condominiums.  It is an ideal spot for retirees, part time residents and those wanting to invest in rental property.

Saturday, December 15, 2012

Coral Gables Real Estate Market Update - Closings October 2012

In the following table you can see all closings in Coral Gables for the month of October of 2012. There were a total of 62 closings. The main statistics are:
  • Average price per square foot: $291
  • Lowest price per square foot: $124 (Midtown Lofts Condo unit PH106)
  • Highest price per square foot: $1,040 (Gables Estates - 550 Arvida Parkway)
  • Average discount: 6.02%
  • Number of studios sold: 2
  • Number of 1 bedrooms sold: 3
  • Number of 2 bedrooms sold: 11
  • Number of 3 bedrooms sold: 18
  • Number of 4 bedrooms sold: 16
  • Number of 5 bedrooms sold: 8
  • Number of 6 bedrooms sold: 2
  • Number of 7 bedrooms sold: 1
  • Number of 8 bedrooms sold: 1
The house located at 904 Alhambra Circle was the quickest one to go pending sale in just one day.

Address Community Bed/Bath Living Area Days on Market List Price Sale Price Price per sq ft
119 MENORES AV # 8 MENORES CONDO 0/1 315 291 $60,000 $45,000 $143
300 MADEIRA AV # 201 Madeira Village 2/1 722 2 $90,000 $91,000 $126
50 MENORES AV # 602 DOUGLAS GRAND CONDO 0/1 583 8 $98,010 $115,000 $197
100 SW 56 AV FLAGLER TERRACE AMD 2/1 803 21 $99,900 $111,100 $138
3180 SW 22 ST # PH106 MIDTOWN LOFTS CONDO 1/1 1060 28 $110,000 $131,100 $124
3590 CORAL WY # 608 KEYSTONE VILLAS 1/1 704 15 $155,987 $140,000 $199
3232 SW 22 ST # 302 GABLES MARQUIS CONDO 2/2 1242 34 $189,900 $203,000 $163
55 MERRICK WY # 621 55 MERRICK 1/1.5 990 28 $264,000 $265,000 $268
625 BILTMORE WY # 501 GABLES PLAZA CONDOMINIUM 2/2 1400 87 $279,000 $255,000 $182
1280 S ALHAMBRA CR # 1206 . 2/2 910 75 $294,500 $266,000 $292
1202 FERDINAND ST CORAL GABLES GRANADA SEC 3/2 1942 230 $315,300 $300,000 $154
118 ZAMORA AV # 203 VILLA ZAMORA 2/2 1357 74 $335,000 $315,000 $232
3920 ANDERSON RD CORAL GABLES COUNTRY CLUB 3/2 2110 4 $349,000 $349,500 $166
2005 RED RD CORAL GABLES SEC E REV 4/2 1812 29 $379,999 $379,999 $210
1430 TUNIS ST CORAL GABLES GRANADA SEC 3/2 1513 24 $385,000 $375,000 $248
335 CANDIA AV COCONUT GROVE SEC PT 1 2/1 1415 57 $399,000 $385,000 $272
330 ALESIO AV COCONUT GROVE SEC PT 1 4/3 2474 41 $414,900 $400,000 $162
231 VISCAYA AV COCONUT GROVE SEC PT 1 2/1 1933 41 $419,000 $419,000 $217
401 VISCAYA AV FRENCH VILLAGE 3/2.5 1847 75 $425,000 $357,500 $194
612 VALENCIA AV # 104 NEW FRENCH VILLAGE 2/2.5 1990 29 $449,990 $425,000 $214
1051 PINERO AV TAMIAMI PLACE PLAN 3 3/2 1969 66 $468,000 $450,000 $229
1113 TANGIER ST GRANADA TERRACE 2/2 1688 9 $469,000 $469,000 $278
100 SARTO AV COCONUT GROVE SEC PT 1 2/2 1836 54 $495,000 $475,000 $259
1212 OBISPO AV CORAL GABLES SEC E PB 8-1 4/3 2626 311 $499,000 $540,000 $206
1217 ALGERIA AV CORAL GABLES GRANADA SEC 3/2 1678 101 $499,000 $450,000 $268
1526 ANCONA AV CORAL GABLES RIVERIA SEC 3/2 1708 22 $519,000 $490,000 $287
704 MINORCA AV CORAL GABLES SEC B PB 5-1 4/2.5 1947 25 $549,000 $530,000 $272
6911 GRATIAN STREET CORAL GABLES RIVIERA SEC 4/3 2263 6 $585,000 $528,000 $233
1805 FERDINAND ST CORAL GABLES SEC E PB 8-1 3/2 1905 9 $595,000 $540,000 $283
434 PALERMO AVE CORAL GABLES BILTMORE SEC 3/2 2437 3 $596,000 $575,000 $236
1428 TRILLO AV CORAL GABLES RIVERIA SEC 3/2 2232 48 $600,000 $560,000 $251
10 ARAGON AV # 1603 TEN ARAGON CONDOMINIUMS 3/2 1309 3 $620,000 $595,000 $455
2401 ANDERSON RD # 12 Avignon in the Gables 3/2 2000 9 $624,000 $614,000 $307
14551 POMPANO DR KINGS BAY SUB 5/4.5 3200 67 $640,000 $620,000 $194
1354 ALEGRIANO AV CORAL GABLES COUNTRY CLUB 3/2 1716 7 $650,000 $680,000 $396
1340 SAN REMO AVE # *** CORAL GABLES RIVIERA SEC 3/2.5 2221 11 $669,000 $669,000 $301
4703 RIVIERA DR CORAL GABLES RIVIERA SEC 4/2.5 2233 42 $679,900 $650,000 $291
642 VALENCIA AV # 208 VALENCIA GRANDE 3/3 2365 38 $690,000 $660,000 $279
7830 OLD CUTLER RD CORAL GABLES BISCAYNE BAY 4/2.5 2562 4 $699,000 $730,000 $285
1117 FERDINAND ST CORAL GABLES GRANADA SEC 3/2 2966 148 $762,000 $725,000 $244
1203 FERDINAND ST CORAL GABLES GRANADA SEC 5/4 3290 151 $799,900 $742,000 $226
4524 SAN AMARO DR CORAL GABLES COUNTRY CLUB 4/2 2525 21 $839,000 $820,000 $325
1264 CORAL WY CORAL GABLES SEC D REV 6/5 3510 25 $896,000 $862,000 $246
25 S PROSPECT DR SANS SOUCI REV & AMD PB 6 4/3 2756 34 $899,000 $870,000 $316
904 ALHAMBRA CR CORAL GABLES SEC B PB 5-1 4/3.5 3163 1 $950,000 $900,000 $285
1328 Asturia Av CORAL GABLES SEC E 4/3 2973   $984,000 $910,000 $306
747 CATALONIA AV BILTMORE ADDN RESUB PB 42 4/4.5 3711 7 $998,000 $1,005,000 $271
125 W SUNRISE AV SUNRISE POINT AMD & CORRE 4/3 3188 4 $1,050,000 $1,050,000 $329
821 MESSINA AV CORAL GABLES GRANADA SEC 4/3 3159 556 $1,199,000 $1,050,000 $332
13647 DEERING BAY DR # 112 DEERING BAY CONDO I 3/3.5 3140 139 $1,250,000 $1,050,000 $334
6225 DOLPHIN DR KINGS BAY SUB 3/3.5 2815 544 $1,250,000 $1,060,000 $377
4203 SAN AMARO DR CORAL GABLES COUNTRY CLUB 4/4 3597 271 $1,295,000 $1,150,000 $320
1270 MARIOLA CT CORAL GABLES COUNTRY CLUB 4/3 3945 19 $1,345,000 $1,229,500 $312
5480 HAMMOCK DR AVOCADO LAND CO PB 2-44 I 5/3 3852 78 $1,599,000 $1,450,000 $376
475 AMALFI AV CORAL GABLES RIVIERA SEC 5/4.5 5150 37 $1,649,000 $1,530,000 $297
4105 GRANADA BL CORAL GABLES COUNTRY CLUB 6/6.5 8771 296 $1,685,000 $1,275,000 $145
1020 ALFONSO AV CORAL GABLES RIVIERA SEC 5/3.5 4004 2 $1,999,000 $1,748,000 $437
274 MARINERO CT COCOPLUM SEC 2 PLAT D 5/5 4840 141 $2,499,900 $2,350,000 $486
190 SOLANO PRADO OLD CUTLER BAY SEC 5 7/4.5 5167 22 $3,500,000 $3,020,000 $584
3200 GRANADA BL CORAL GABLES COUNTRY CLUB 5/7.5 7649 203 $3,695,000 $3,250,000 $425
550 ARVIDA PW GABLES ESTS NO 3 5/5.5 7864 353 $9,500,000 $8,175,000 $1,040
33 ARVIDA PW GABLES ESTS NO 3 8/8.5 13086 239 $13,999,000 $11,350,000 $867

Thursday, December 13, 2012

Gables by the Sea – A Premiere Gated Community in Coral Gables

An exclusive upscale neighborhood, Gables by the Sea is home to beautiful homes on tree-lined streets with lush tropical landscaping.  It is an ideal neighborhood for families, retirees and those with a desire to have a second home. 

Gables by the Sea is close to the business district of Coral Gables with its shopping, restaurants and extensive art galleries.  Additionally, it is very close to downtown Miami and South Beach.

Gables by the Sea is located at a point where Red Road and Old Cutler Road go in different directions and is adjacent to the R Hardy Matheson County Preserve.  Located very close to excellent public and private schools in the area, this community is ideal for families with children.  It features a huge softball field, children’s playground, and tennis and basketball courts.  
As a waterfront community, most homes back up to canals that provide access into Biscayne Bay.  Because many of the home owners are experienced yachtsmen, it is common to see large private docks that accommodate mega-yachts as most of the channels have no fixed bridges and lead directly to the Bay and ultimately into the Atlantic Ocean.  Gables by the Sea is a perfect neighborhood for those who want to live in a beautifully appointed home in an upscale, gated community. 

Real Estate in Bay Colony
Gables by the Sea real estate features some of the most exclusive properties in all of Coral Gables, specifically within Bay Colony.  The homes are gracious in size with large, manicured lots.  The architecture reflects the traditional Mediterranean, Spanish and Art Deco styles that are synonymous with this part of Florida with most homes architecture that is so prominent throughout Fort Lauderdale with most built between the late 1960s and today.  Most of the older homes have been thoroughly updated to feature today’s trends.  All Gables by the Sea homes feature modern updates and exquisite décor.  On the outside, there are resort style pool areas with poolside cabanas that sit close to large concrete docks.  Newer homes even feature “smart home” technology with the most up-to-date intelligence systems wired throughout the house.  Although the entire community is gated, some homes have privacy gates which provide added security. 

Home values range from the mid-$600s into the millions.  Currently, homes listed for sale in Gables by the Sea are priced from the mid-$800s to well over $3 million. Rentals in Gables by the Sea are rare but listings average around $13,000 a month.

Since the beginning of 2012, only two homes have sold with the average sale price at about $1 million and the average number of days on the market at about 75 days.  When a home is listed on the market, it sells quickly when compared to similar sized homes.  
Coral Gables Premiere Neighborhood
With the location being in the South Gables section of the city, it is no wonder that luxury homebuyers seek out homes in Gables by the Sea.  It is truly worth every bit of what you invest to live here.

Tuesday, December 11, 2012

Ten Aragon: Retail, office and residential space available

Ten Aragon, in all of its architectural splendor, is situated in the heart of Coral Gables just south of Miami on 10 Aragon Avenue.  This well-designed Mediterranean-style, mixed-used building is a perfect blend of office, retail and residential space.  The building has office and retail space anchoring the base of the building with 184 residences on 10 floors featuring unobstructed views of downtown Miami, Biscayne Bay and South Coral Gables.  

In the Heart of Coral Gables
Located in the heart of Coral Gables, Ten Aragon sits on about 2 acres with frontage along Miracle Mile and Aragon Avenue.  This is a perfect location for those who like to explore the art galleries along Ponce de Leon Boulevard, enjoy the Coral Gables Art Cinema, and more. Because it is such a “walkable” city, it is very common to see more pedestrians out and about rather than driving in their cars.

Coral Gables is located just south of Miami and offers its own history and character that is unique to the area.  As an upscale community, Coral Gables offers many full-time and part-time residences who call this area home because of the close-knit community feel and the fact that is close enough yet far enough from all of the action of Miami.  The area, as well as Ten Aragon, is a perfect location for second homes as well as investment property for rental property.

Amenities for Residents
Ten Aragon is a great place to live with its resort-style amenities and perfectly designed homes.  The individual units in Ten Aragon feature eat-in kitchens, private terraces, balconies, or Juliet balconies, walk in closets, and impact-resistant windows and sliding glass doors.  As for the community amenities, residents enjoy the resort-style heated swimming pool and spa; state of the art, fully equipped fitness center; parking garage with 615 spaces; a computerized business center with conference room and more.  On top of all of this, shopping and dining in one of the nicest Coral Gables locales is an elevator ride away.  

Real Estate at Ten Aragon
While the entire property combines office, retail and residential space, the residential section houses 184 units on 10 floors with a mix of one, two and three-bedroom homes.   To date in 2012, 11 homes have sold at an average sale price of $287K.  Sale prices for condos in Ten Aragon range from 300,000 to 600,00. These condominium homes sell quickly as the average number of days on the market is at 92 days or just three months.  

Ten Aragon is priced at a fantastic point for most any buyer whether a full-time resident wanting a more luxurious and convenient location or a part-time resident looking at a second home close to Miami or an investor wanting rental property.  Rentals in Ten Aragon range between $1,800 and $2,600 as of December 3.  Because of its location, it is a well sought after address for people moving around or to the area. 

A Top Pick
The style of the building, its location and all of the conveniences around it make Ten Aragon a top pick for condominium living in Coral Gables.  It is definitely worth taking a peek to see all that it has to offer in and around it.

Thursday, December 6, 2012

Coral Gables – the City Beautiful

It is easy to see why people love living in Coral Gables and why it is called the “City Beautiful.”   Located just south of Miami, it is a popular area in South Florida with a lot to offer in terms of real estate and livability.  From some of the most magnificent waterfront estates to smaller, more modest condominiums, there is definitely property to fit every budget and every buyer.  There is a lot of history and charm, which is frequently found in much of the architecture and feel of neighborhoods. 

Coral Gables at a Glance
Coral Gables is a part of Miami that is very popular with visitors and those wanting second homes in South Florida.  It is a quiet alternative to Miami as well as a part of the area that has a lot offer.  As a very walkable part of the area, this classic Florida community is divided into North and South Gables. This well-landscaped upscale suburb of Miami features gorgeous boulevards with exotic fountains that give it that South Florida appeal and beauty.  As the home of the University of Miami and the ever-popular Miami Hurricanes, Coral Gables houses many professional athletes who love South Florida and like being away from the action of Miami.

North Gables features Miracle Mile and most of the area’s nightlife, restaurants and fabulous shopping for which Coral Gables is known.  Additionally, most of the Coral Gables condominiums are located in this part of town.  As a very navigable part of town, there is much to do and see including the Fairchild Tropical Botanical Garden, Matheson Hammock Park and the Lowe Art Museum.

South Gables is primarily a residential part of town with neighborhoods of single family homes.  The most luxurious waterfront homes are situated with Biscayne Bay on the east Coral Gables Waterway on the west.  

Real Estate in Coral Gables
North and South Gables each have their own character and feature a nice combination of condominiums and single family home neighborhoods.  Condominiums are situated mostly in North Gables along with older, classic Spanish and Mediterranean style homes.  Newer luxury gated communities like Cocoplum, Gables Estates and Deering Bay Country Club are located in South Gables where most of the communities’ waterfront homes feature access to open water without any fixed bridges.  

List prices for single family homes start in the mid to upper-$300s for older homes with lots of character and potential on streets like Granada, Riviera as well as neighborhoods like Coconut Grove. Large estates with enormous homes can be found in communities such as Gables by the Sea that feature homes well into the multi-millions.

As for condominiums, the wide range of list prices is similar as are the styles and amenities.  From smaller, low-rise condominiums to breathtaking waterfront buildings, there is a home for every need.  List prices for condominium properties start as low as the mid $100s for very dated homes to the multi-millions for luxury waterfront units in the Gables Club, Milano and Segovia Towers.  The newest condominium projects, Ten Aragon and 55 Merrick, are beautiful properties in the heart of Coral Gables and offer a wide range of list prices for potential buyers.  The most important thing to remember is that waterfront condominium properties are somewhat limited and sell quickly.

Something for Everyone
Coral Gables is ideal for those who are interested in owning a second home in South Florida or for investors wanting to build their portfolios.  Full time residents also love living in Coral Gables.  It is one of those communities that you never want to leave once you get there with many of the same qualities as Miami but offering a much quieter atmosphere and embraces its history and character.  

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