Saturday, March 23, 2013

Coral Gables Riviera

Coral Gables Riviera is the kind of neighborhood that appeals to a broad range of homeowners.  From older homes in contemporary and traditional styles to newly constructed Mediterranean estate-like homes, there is definitely a home to fit most needs and desires as well as accommodate buyers looking for a permanent residence, vacation home or investment property.

Coral Gables Riviera Location
As a fairly large neighborhood, Coral Gables Riviera is situated just a short jaunt from Merrick Park, the University of Miami and the exclusive Riviera Country Club.  West of Coconut Grove, the residents of Coral Gables Riviera enjoy spending time shopping, dining and enjoying everything in Coconut Grove.   

Coral Gables Riviera Highlights
Coral Gables Riviera is bound by 72nd Street to the south and considered by some realtors as part of the Coral Gables Platinum Triangle.  This elite part of Coral Gables is home to some of the most exclusive homes in this stylish Miami-Dade County city.  Considered a waterfront community, some of the homes back up to Coral Gables waterways and provide access into Biscayne Bay while others are surrounded by land and tropical, green foliage.  The waterfront homes have direct access to Biscayne Bay with fixed bridges.  The fixed bridges along the area waterways have 7 to18-foot clearances and accommodate boats 20 to 40-feet.   

For golf lovers, the Riviera Country Club is very close to Coral Gables Riviera making it easy for residents to hit the links.  And families find the neighborhood ideal as it is close to some of the best private and public schools in the entire state. 

Real Estate in Coral Gables Riviera
CoralGables Riviera real estate features some of the most beautiful estate homes in all of Coral Gables.  On that same note, the neighborhood is also home to the quaintest and coziest Florida bungalows that showcase unique characteristics and charm.  One thing that all the homes in this exclusive neighborhood have in common is the care and lush landscaping that surround each and every home. 

Throughout the community, architectural styles vary from classic “old Florida” bungalows built in the early to mid-1900s to newly-built mammoth estates and everything in between them.  Many of the older homes have either been remodeled over the years to incorporate modern amenities and updates or are in need of some tender loving care. 

Because the home values range from just under $500K into the multi-millions, Coral Gables Rivierareal estate appeals to many different buyers.  Currently, there are 46 homes listed for sale with prices falling between $460K and just under $7 million.  There is also a lot for sale in the mid-$300s. 

Recent sales indicate that almost 30 homes have already sold in Coral Gables Riviera since the beginning of 2013 with a wide range of sale prices between $360K for a home in need of remodeling and $3.75 million.  And, more importantly, the average number of days on the market is only 62 days.  The interesting thing to note is that only three of the 28 properties that sold were on the market more than 100 days. 

In terms of Coral Gables Riviera rentals, because there is such a wide range of homes, it is common for investors to seek out investment property in this neighborhood.  For those who go this route, monthly rental rates typically range from about $2,000 to over $9,000. 

A Very Desirable Neighborhood
Coral Gables Riviera is a very desirable neighborhood that appeals to a diverse group of home buyers.  No matter the size or style of home, this is a neighborhood where the residents love where they live and take great pride in preserving the appearance and atmosphere.  It is definitely a top pick in Coral Gablesreal estate.

No comments:

Post a Comment

Copyright 2012 Gables Riches. All rights reserved. 1800 SW 1st Avenue. Suite 504. Miami, FL. 33129. Tel (786) 344-4669. Fax (786) 533-3921