Monday, August 11, 2014

Top Coral Gables Waterfront Neighborhoods

There is no doubt, if you live in South Florida, more than likely you love the water.  While many simply want to have access to it whenever they need it or have all the toys that come with living on the waterfront, Coral Gables offers neighborhoods that are ideal waterfront communities for those who are drawn to the water.  Here are a few of the top Coral Gables waterfront neighborhoods:

Deering Bay, List Prices:  $1 Million to $5 Million
Deering Bay has everything an upscale, exclusive community in South Florida should have from its own marinas and yacht club to the only Arnold Palmer Signature Golf Course as well as a nice mix of single-family homes and five condominium communities:  Verona, Venice, Siena, Milano and Padua.  It appeals to everyone including families, retirees and anyone who is accustomed to luxury style and privacy. 

In terms of the properties, no stone is left unturned leaving each and every property features all amenities along with top of the line fixtures and finishes expected in any million-dollar plus home in South Florida.  At the top of the list are the views that every home has the privilege to enjoy.  While not all may be water views, the other views play host to meticulously manicured fairways, the adjoining preserve, or one of the three yacht clubs.  To enjoy the community’s luxury amenities, private membership is required but well worth the investment.  Residents enjoy a 30,000-foot clubhouse with formal dining, an informal restaurant, private wine cellar, state of the art fitness center, and more.  As for the “fun,” there is a large swimming beach, junior Olympic-sized pool and more (we’ve mentioned the marinas and yacht club). 

Deering Bay real estate list prices start at about $1 million for a residence in one of the condominiums to about $5 million for a large single-family home with private dock and boat lift.   Many of the single-family homes sit on wide canals with direct access to the Bay.  They have docks with lifts that accommodate large yachts as well as multiple vessels.  One of the most appealing traits of Deering Bay is access to the marinas that provide accommodations for various size vessels.  This is why we put it in our list of top neighborhoods for yacht owners and water lovers.

Gables Estates, List Prices:  $3 million to over $30 Million
Another exclusive waterfront community is Gables Estates. Located in South Gables, it spreads out over 200 acres of shoreline and features some of the most unbelievably palatial estates in the entire country.  As an ideal community for yacht owners, 192 of the lots in Gables Estates are waterfront lots that sit on wide, deep sea-walled canals perfect for large mega-yachts and multiple vessels.

The architectural style in Gables Estates varies but for the most part, has a Mediterranean or Spanish influence and each is surrounded by lush tropical landscaping.  Inside each home, every fixture and finish is perfectly placed to create some of the most beautiful homes in the world.  To give an idea of available Gables Estates properties, the sizes range from about 5,000 square feet (that is large to most people) with five and six bedrooms to well over 16,000 square feet with nine or more bedrooms.  List prices fall between about $6 million to about $20 million.  Over the last three months, three properties have sold with sale prices ranging from $4.5 to $8.5 million.  Typically, homes may take up to a year to sell simply because of the limited number of potential buyers. But without a doubt, this neighborhood is well worth it to live here.

Tahiti Beach, List Prices:  $2 Million to $15 Million
Without a doubt, Tahiti Beach is the most exclusive neighborhood in all of Coral Gables.  It is one that truly takes your breath away while driving through it.  This very private neighborhood is situated in the South Gables and on Tampa Bay giving many of the beautiful estates amazing Biscayne Bay views.  Those not directly on the Bay are situated on wide canals with direct and easy access to the Bay.  Not only is this a perfect neighborhood for yacht owners, it is ideal for those who own large yachts or several vessels. 

The entire community is guard gated with some homes further secured with private gates.  The architectural styles vary with one thing in common – grand and stately.  On top of that, the interiors feature unbelievable gourmet chef’s kitchens, three car garages, elegant foyers and resort-style pool and entertainment areas that overlook the water.  From there, the neighborhood tennis facilities, a community pool with a well-appointed clubhouse, a large playground and more.  

Some of the area’s most well-known celebrities live in Tahiti Beach.  Homes in Tahiti Beach real estate is typically priced anywhere from about $2-3 million all the way to about $15 million. Only one 10-bedroom, 10-bath home with over 21,000 square feet has sold over the past few months with a sale price at $18 million.  This is the simply the top neighborhood for yacht owners and water lovers.

Other Excellent Neighborhoods

While these are three top areas for yacht owners and water lovers, there are other excellent neighborhoods from which to choose that feature similar properties and amenities.  List prices in neighborhoods like Gables by the Sea and Cocoplum start as low as $1.5 million and can climb to over $30 million in Tahiti Beach or Gables Estates.  The common denominator of all the waterfront communities is the easy direct access to the Bay whether situated directly on the Bay or on one of the deep and wide canals that feed directly into the Bay.   

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