Monday, January 28, 2013

What 500k gets you in Coral Gables

Coral Gables Miracle Mile
Coral Gables is one of Miami-Dade County’s most popular areas in which to live and visit.  The city is very inviting with many opportunities for things to do.  Home of the Magnificent Mile, Coral Gables boasts some of the area’s best shopping and dining with most of the options within walking distance of each other.

For anyone interested in property in Miami-Dade County, Coral Gables real estate offers a wide range of options.  From small, more modest condominiums to large waterfront estates, there is something to fit every budget.  Coral Gables is a favorite location for buyers seeking second homes and investment properties because of the value for the investment.  $500,000 brings a lot of opportunities to buy real estate in this picturesque city.  For those looking to own a single family home, there are several options in very nice neighborhoods.  The following are five single family homes priced in the low to mid-$500s within the city of Coral Gables.

Coral Gables Country Club
1541 Placentia Avenue 
2 Bedrooms, 1 Bathroom
List Price: $509,000 

This beautiful Old Spanish is located in the heart of Coral Gables. Listed as a short sale, this is a huge opportunity to own a home in this exclusive neighborhood where homes top the $3 million mark.  With very gracious appointments including hardwood floors, a gourmet kitchen with stainless steel appliances and so much more, this home has all the appeal that any home in this upscale community has.  This property is also very close to Miracle Mile’s shopping, dining and entertainment.

Coral Gables Riviera
525 Loretto Avenue, Coral Gables 
2 Bedrooms, 2 Bathrooms 
List Price: $520,000

Located in the upscale Coral Gables Riviera subdivision, this perfectly renovated home features a gourmet, eat-in kitchen that includes updated stainless steel appliances and granite counter tops as well as a large master suite with a walk-in closet and beautiful spa bath. With an open great room, there is plenty of room to enjoy life in Coral Gables.  Recessed lighting, ceiling fans, marble and recently refurbished hardwood floors are other extraordinary features throughout this impeccable home.

Coral Gables Riviera
1537 Mantua Avenue, Coral Gables
3 Bedrooms, 2 Bathrooms
List Price: $529,000

This is a quaint ‘Old Florida’ style cottage that features three bedrooms and two baths.  With recently updated kitchen and baths and new windows this home is in a great location near great Coral Gables schools.  The house has 1,748 square feet.

Coral Gables Country Club
4445 Red Road, Coral Gables
4 Bedrooms, 3 Bathrooms
List Price: $530,000

This modern, renovated two-story home is the epitome of style.  The property is in move-in condition and has a gorgeous kitchen with a spacious island, granite counter tops and stainless steel appliances.  Other features include a new roof, two central A/C systems, and two water heater systems, terracotta tile on the first floow and Brazilian cherry wood floors on the second level. The home also includes large formal rooms and a family room with French doors that open to beautiful terrace with perfect landscaping.  This is, without a doubt, a great value for the investment.

Coconut Grove
4740 W Ingraham Terrace, Coral Gables
3 Bedrooms, 2 Bathrooms
List Price:  $536,000

Located in historic Coconut Grove, this spacious home is situated on a 10,000 square foot corner lot near Cocoplum Circle.  It features three bedrooms and two baths in addition to an in-ground pool with a spacious and landscaped pool deck.  A truly unique feature is the two-car garage with double garage doors for easy entrance and exit.  While the home is in need of a little updating, it is a great opportunity to live in the upscale community of Coconut Grove for under $600K.  

Great Options 
While there are several great options from which to choose, the main thing to keep in mind is that the market has bottomed out and has begun its upswing.  Locally, regionally, and nationally, real estate prices are on the rise while inventory is diminishing.  These homes present excellent opportunities to buy quality Coral Gables real estate at reasonable prices.  They make for ideal permanent residences as well as second or investment homes.   

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