March 10th, 2010
By Gregory DiCarlo
The total active single family home inventory in Coral Gables is at 479 totaling: $1,077,233,446. While there are approximately 83 pending contracts totaling $89, 296,426.
Home loan applications increased last week even with the increase in interest rates. I have seen this market demand on a daily basis with my listings as they have been shown non-stop over the past few weeks.
We are seeing this increase in activity as buyers rush to take advantage of the tax credit and as many feel prices have fallen enough for them to make a decision. Many buyers are still looking to short-sales and foreclosures as the first avenue in an attempt to make the best buy however there may be homes that are not short sales or foreclosures in which sellers will negotiate a competitive price.
In financial news: Fears still loom over a double dip recession as economist sort through the data and work stabilize the European debt crisis. However, some economists feel that the chances of this “double dip” are fading and a “U” shaped recovery is more likely. The Euro has dropped to 1.35 from its highs in December of 1.50+.
If you have any questions about Miami real estate, please contact us at 305.329.7728 or 305.329.7780
March 2nd, 2010
By Gregory DiCarlo
There have been 8 closed sales in the City Beautiful over the last 7 days for a total of $5,552,000 in total sales. The average sale price per square foot is $269 with a high of $335 for a new home with 5 beds, 4 baths and 1 half bath.
These sales bring the total 2010 Coral Gables Real Estate sales to : $35,225,200
Here is what sold:
1461 Tagus: SOLD $1.3 M
3618 Anderson: SOLD $1.4 M
144 Celia 6018 San Vicente 6630 Tarrega
5620 Alhambra 26 San Esteban 53 Alcantarra
February 25th, 2010
By Gregory DiCarlo
So whats new on Tahiti Beach? 3 Estates are currently for sale on this exclusive private Cocoplum island. Cocoplum enjoyed $39,794,862 in sales for 2009.
21 Tahiti Beachwas purchased a little more than a year ago and it is now back on the market at a $2,450,000 increase with the only improvement listed as ”extensively upgraded in ‘09 with the ultimate in modern technology. Crestron Total Home Technology integrates audio, video, climate, lighting control, security gate & cameras into a streamlined home automation system. Full home theater for 8 w Kaleidescape System that stores up to 35,000 movies/songs.”
17 Tahiti Beach has been on the market for over a year with no price reductions.
23 Tahiti Beach has been on and off the market since 2006! It has been reduced from $8.5 M in 2006 to a current list price of $7.9 M.
The last home to close was 21 Tahiti Beach on 10/31/2008 mentioned above. It sold for $8,450,000 or $745.41 per square foot.
Cocoplum experienced substantial sales in 2009:
| LOCATION |
LIST PRICE |
SALE PRICE |
DATE CLOSED |
| 335 Costanera |
$ 1,575,000 |
$ 1,269,862 |
SOLD 04/23/09 |
| 7020 Prado |
$ 12,700,000 |
$ 9,750,000 |
SOLD 05/15/09 |
| 145 Rosales |
$ 3,200,000 |
$ 2,600,000 |
SOLD 05/19/09 |
| 144 Rosales |
$ 4,500,000 |
$ 3,200,000 |
SOLD 06/15/09 |
| 427 Costanera |
$ 1,895,000 |
$1,400,000 |
SOLD 07/29/09 |
| 190 Isla Dorada |
$ 1,550,000 |
$1,310,000 |
SOLD 08/04/09 |
| 225 Vistalmar |
$1,299,000 |
$ 1,050,000 |
SOLD 10/22/09 |
| 320 Dolias |
$6,395,000 |
$4,600,000 |
SOLD 10/28/09 |
| 144 Isla Dorada |
$3,999,999 |
$3,500,000 |
SOLD 10/28/09 |
| 128 Paloma |
$3,985,000 |
$3,150,000 |
SOLD 11/02/09 |
| 7555 Los Pinos |
$1,959,000 |
$1,690,000 |
SOLD 11/02/09 |
| 279 Marinero |
$2,400,000 |
$2,275,000 |
SOLD 11/06/09 |
| 129 Rosales |
$2,995,000 |
$2,350,000 |
SOLD 11/13/09 |
| 7444 Monaco |
$2,000,000 |
$1,650,000 |
SOLD 12/28/09 |
For more information or if your would like to discuss real estate in Cocoplum please contact us at 305-329-7780
February 23rd, 2010
By Gregory DiCarlo
Below you will find a list of short sales in Coral Gables. The total short sale inventory in the Gables is $ 27,372,899 with an average list price of $265 per square foot. Five short sales have closed this year with an average sale price per square foot of $270. This price per square foot would put a 2,000 square foot house at $540,000. However this number is very general and does not take into account different assets that a home can posses such as water-frontage, location, condition etc. For more information on any of these homes or to schedule a private showing please contact us at 305.329.7728
| Address |
List Price |
| 220 LEUCADENDRA DR |
4,999,999 |
| 9001 BANYAN DR |
4,480,000 |
| 165 E SUNRISE AV |
1,839,000 |
| 1503 ALBERCA ST |
1,085,000 |
| 1010 COUNTRY |
975,000 |
| 601 VILABELLA AV |
875,000 |
| 921 MALAGA AV |
798,000 |
| 2522 INDIAN MOUND TR |
650,000 |
| 611 BIRD RD. |
650,000 |
| 4395 INGRAHAM HY |
650,000 |
| 3620 PALMARITO ST |
625,000 |
| 919 COTORRO AV |
599,000 |
| 1029 OBISPO AV |
570,000 |
| 525 LUENGA AV |
549,000 |
| 1428 SARRIA AV |
520,000 |
| 1711 SEGOVIA ST |
459,000 |
| 1540 PALANCIA AV |
450,000 |
| 704 MINORCA AV |
449,000 |
| 515 ALTARA AV |
449,000 |
| 1420 SANTA CRUZ AV |
449,000 |
| 915 FERDINAND ST |
430,000 |
| 1003 FERDINAND ST |
425,000 |
| 1717 CORTEZ ST |
425,000 |
| 1318 EL RADO ST |
418,000 |
| 200 GRANT DR |
400,000 |
| 1222 EL RADO ST |
395,000 |
| 1118 MILAN AV |
375,000 |
| 435 GIRALDA AV |
365,000 |
| 3021 COCONUT GROVE DR |
350,000 |
| 1221 LA MANCHA AV |
335,000 |
| 1570 SOPERA AV |
329,900 |
| 4710 W INGRAHAM TE |
319,000 |
| 53 ALCANTARRA AV |
255,000 |
| 708 BOABADILLA ST |
235,000 |
| 903 RED RD |
195,000 |
| TOTAL: |
27,372,899 |
February 20th, 2010
By Gregory DiCarlo
This week we will have both 745 Santurce and 921 Aduana open from 2pm to 4 pm. Below you will find all the information on the two houses.
745 Santurce Coral Gables, FL
$699,000
Not your ordinary Gables home! Remodeled and redesigned in the ’90’s with expanded master, closets and master bath. Free flowing interior spaces, built-ins, including custom glass dining room table &chairs. Huge family room with high beamed ceilings and picture windows. Oak tree shaded backyard, professionally landscaped with interconnecting brick walkways. Room for pool, indoor gas grill with vent.
3 bedrooms, 2 baths, 2412 SqFt
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921 Aduana Coral Gables, FL
$685,000
Everything you have been looking for in a Coral Gables home at a great price: Large open rooms seeped in natural light, wood and ceramic floors, newer wood & stainless steel kitchen, split bedroom plan, expansive family room with high beamed ceiling, overlooking charming English-style garden and patio, on more than a double lot! Wainscotings in living and family rooms, bright, bold colors, side entry 2 car garage & room for pool.
3 bedrooms, 2 baths, 2258 SqFt
For more information please call:
Gregory DiCarlo: 786-514-9386
Sheryl DiCarlo: 305-332-3256
February 18th, 2010
By Gregory DiCarlo
Home sales in Coral Gables are headed in the right direction as 31 single family homes have closed since the start of 2010 for a grand total of $26,074,700.
Economic Brief:
The DOW continues to modestly trend upward from last week’s sell-off. This coupled with U.S. mortgage rates falling for the second week and home buyer tax incentives have assisted in continued real estate sales. For more information about luxury homes in Miami, please contact us at 305.329.7780 OR 305.329.7728
Real Estate investors please contact Greg DiCarlo 305.329.7780
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Closed Sales in Coral Gables over $1M January- February:
| Address |
List Price |
Sale Price |
| 150 ROSALES CT |
$2,990,000 |
$2,550,000 |
| 5530 KERWOOD OAKS DR |
$2,900,000 |
$2,150,000 |
| 1207 MARIOLA CT |
$1,950,000 |
$1,700,000 |
| 4424 GRANADA BL |
$1,899,000 |
$1,500,000 |
| 7320 OLD CUTLER RD |
$1,395,000 |
$1,250,000 |
| 510 SAN SERVANDO AV |
$1,350,000 |
$1,162,600 |
| 13081 SAN MATEO ST |
$1,100,000 |
$1,100,000 |
| 4901 ALHAMBRA CR |
$1,100,000 |
$1,030,000 |
February 16th, 2010
By Gregory DiCarlo
Below you will find a detailed report of the Cocoplum Real Estate market.
Average list price per SqFt: $650
2009/2010 Average sale price per SqFt: $466
If you would like to schedule a private showing or would like additional information on these homes, please contact us at 305.329.7728 or 305.329.7780
ESTATES CURRENTLY FOR SALE:
| Address |
List Price |
#Beds |
#FB |
#HB |
| 325 COCOPLUM RD |
$12,000,000 |
6 |
5 |
1 |
| 21 TAHITI BEACH ISLAND |
$10,900,000 |
7 |
7 |
1 |
| 380 ISLA DORADA BL |
$8,595,000 |
6 |
5 |
1 |
| 17 TAHITI BEACH ISLAND |
$8,000,000 |
4 |
5 |
1 |
| 6935 PRADO BL |
$7,999,000 |
6 |
6 |
1 |
| 7000 PRADO BL |
$7,995,000 |
5 |
5 |
1 |
| 23 TAHITI BEACH ISLAND |
$7,900,000 |
4 |
3 |
0 |
| 7901 LOS PINOS BL |
$6,250,000 |
6 |
6 |
1 |
| 277 MARINERO CT |
$5,900,000 |
6 |
6 |
1 |
| 190 PALOMA DR |
$5,600,000 |
5 |
5 |
1 |
| 330 DOLIAS CT |
$5,399,000 |
6 |
6 |
1 |
| 355 COCOPLUM RD |
$4,900,000 |
4 |
4 |
1 |
| 287 CARABELA CT |
$4,700,000 |
6 |
8 |
1 |
| 185 LOS PINOS CT |
$4,695,000 |
5 |
5 |
2 |
| 140 PALOMA DR |
$4,495,000 |
5 |
5 |
1 |
| 285 CARABELA CT |
$4,290,000 |
6 |
6 |
1 |
| 470 COSTANERA RD |
$4,250,000 |
5 |
7 |
1 |
| 231 COSTANERA RD |
$4,125,000 |
6 |
6 |
1 |
| 115 PALOMA DR |
$3,995,000 |
6 |
7 |
1 |
| 8011 LOS PINOS CR |
$3,849,000 |
5 |
4 |
0 |
| 275 COSTANERA RD |
$3,650,000 |
4 |
5 |
1 |
| 8202 LOS PINOS CR |
$3,500,000 |
5 |
7 |
1 |
| 112 PALOMA DR |
$3,400,000 |
5 |
5 |
2 |
| 181 VERA CT “NO BRIDGES” |
$3,350,000 |
6 |
6 |
2 |
| 332 COSTANERA RD |
$3,345,000 |
5 |
5 |
1 |
| 8215 LOS PINOS CR |
$3,280,000 |
5 |
5 |
1 |
| 194 CAOBA CT |
$3,250,000 |
7 |
6 |
1 |
| 115 MALVAS CT |
$3,199,000 |
7 |
8 |
0 |
| 8250 LOS PINOS CR |
$2,999,000 |
6 |
6 |
1 |
| 154 ISLA DORADA BL |
$2,995,000 |
6 |
6 |
1 |
| 184 PALOMA DR |
$2,995,000 |
5 |
6 |
1 |
| 7120 W LAGO DR |
$2,990,000 |
4 |
5 |
1 |
| 7122 E LAGO DR |
$2,895,000 |
6 |
7 |
1 |
| 157 PALOMA DR |
$2,750,000 |
6 |
6 |
1 |
| 7239 E LAGO DR |
$2,350,000 |
5 |
4 |
1 |
| 286 COSTANERA RD |
$2,299,000 |
4 |
4 |
0 |
| 473 RIDGE ROAD |
$2,295,000 |
5 |
4 |
1 |
| 279 MARINERO CT |
$2,250,000 |
5 |
5 |
1 |
| 289 CARABELA CT |
$2,195,000 |
4 |
4 |
0 |
| 371 ISLA DORADA BL |
$1,995,000 |
4 |
3 |
1 |
| 355 COSTANERA RD |
$1,800,000 |
5 |
5 |
0 |
| 7250 MONACO ST |
$1,750,000 |
4 |
3 |
1 |
| 7155 E LAGO DR |
$1,695,000 |
5 |
5 |
1 |
| 301 COSTANERA RD |
$1,475,000 |
5 |
6 |
1 |
| 701 CORONADO AV |
$1,197,000 |
4 |
3 |
0 |
CLOSED SALES 2010:
| Location |
List Price |
Sale Price |
Date Closed |
| 150 Rosales |
$2,990,000 |
$2,550,000 |
SOLD 02/10/2010 |
CLOSED SALES 2009:
| LOCATION |
LIST PRICE |
SALE PRICE |
DATE CLOSED |
| 335 Costanera |
$ 1,575,000 |
$ 1,269,862 |
SOLD 04/23/09 |
| 7020 Prado |
$ 12,700,000 |
$ 9,750,000 |
SOLD 05/15/09 |
| 145 Rosales |
$ 3,200,000 |
$ 2,600,000 |
SOLD 05/19/09 |
| 144 Rosales |
$ 4,500,000 |
$ 3,200,000 |
SOLD 06/15/09 |
| 427 Costanera |
$ 1,895,000 |
$1,400,000 |
SOLD 07/29/09 |
| 190 Isla Dorada |
$ 1,550,000 |
$1,310,000 |
SOLD 08/04/09 |
| 225 Vistalmar |
$1,299,000 |
$ 1,050,000 |
SOLD 10/22/09 |
| 320 Dolias |
$6,395,000 |
$4,600,000 |
SOLD 10/28/09 |
| 144 Isla Dorada |
$3,999,999 |
$3,500,000 |
SOLD 10/28/09 |
| 128 Paloma |
$3,985,000 |
$3,150,000 |
SOLD 11/02/09 |
| 7555 Los Pinos |
$1,959,000 |
$1,690,000 |
SOLD 11/02/09 |
| 279 Marinero |
$2,400,000 |
$2,275,000 |
SOLD 11/06/09 |
| 129 Rosales |
$2,995,000 |
$2,350,000 |
SOLD 11/13/09 |
| 7444 Monaco |
$2,000,000 |
$1,650,000 |
SOLD 12/28/09 |
February 13th, 2010
By Gregory DiCarlo
These are both great listing I have in the south Gables that have both been reduced.
921 Aduana: Reduced to $685,000
Everything you have been looking for in a Coral Gables home at a great price: Large open rooms seeped in natural light, wood and ceramic floors, newer wood & stainless steel kitchen, split bedroom plan, expansive family room with high beamed ceiling, overlooking charming English-style garden and patio, on more than a double lot! Wainscotings in living and family rooms, bright, bold colors, side entry 2 car garage & room for a pool. Please call for a private showing. 305.329.7728
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745 Santurce: Reduced to $699,000
Not your ordinary Gables home! Remodeled and redesigned in the ’90’s with expanded master, closets and master bath. Free flowing interior spaces, built-ins, including custom glass dining room table &chairs. Huge family room with high beamed ceilings and picture windows. Oak tree shaded backyard, professionally landscaped with interconnecting brick walkways. Room for pool, indoor gas grill with vent. Please call for a private showing 305.329.7728
February 12th, 2010
By Gregory DiCarlo
2889 McFarlane Road Unit# 1404, Coconut Grove, FL
INCOMPARABLE! Contemporary Architectural Digest quality renovation in the Sonesta Hotel direct with bay & park views. New York style pied a terrace with spectacular balcony sunsets, designer details & lighting, cherry wood finishes & Scavolini gourmet kitchen with charcoal porcelain tile floors for your most discriminating buyer. Hurricane impact doors, all the features of a full service condo hotel, including pool, gym, restaurant & bar, valet & security. Also available fully decorated & furnish! Please call to schedule a private showing. 305.329.7728
List Price: $349,000
Bedrooms: 1
Baths: 1
Sqaure Feet: 754
December 22nd, 2009
By Gregory DiCarlo
This beautiful home located in the prestigious Coral Gables gated community of Gables Estates is truly the embodiment of elegance. The home offers 8 bedrooms, 7 full baths, 1 half bath, 270 feet on the water and 4 car garage. Membership to Gables Estates is required ($60,000)
For more information on this home or other luxury homes in Miami please contact us.
