Cocoplum Price reductions and Miami Beach Polo Games!

Here are the two new price reductions in Cocoplum:

190 Isla Dorada      Reduced to: $ 1,550,000 

5 Bedroom, 4 full baths, 1 half bath

470 Costanera        Reduced to: $ 4,650,000

Miami Beach Polo Games begin today at 20th and Ocean drive right on the beach. The official dates for the games are the 1-3 of May but practice and pre-games being today. Come out and enjoy the great weather. Hope to see you there!

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New listing in Cocoplum

115 Paloma

This home offers 100 feet on the water with only one bridge to the bay. The estate totals 6,089 square feet of living space with 6 bedrooms, 7 full baths and one half bath. The home was built in 1995 and has implemented a custom kitchen, touch light system and electric shutters.

Offered at $ 3,995,000

Offered by: Mayi De La Vega-  One Sothebys

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2 more closed sales in Coral Gables

The home on Costanera is located in the gated community of Cocoplum which currently has 2 other homes with pending contracts.

The second home is located near the Riviera Country Club and sold very close to the asking price. Coral Gables currently has 70 pending contracts.

335 Costanera      Listed at: $ 1,575,000     Sold: $ 1,269,862

5 bedrooms, 5 baths, 4,751 square feet

1520 Dorado       Listed at: $ 898,000          Sold: $ 860,000

4 bedrooms, 4 baths, 2,528 square feet, 1926 Old Spanish completely updated

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Two more Pending Sales in Cocoplum

7020 Prado        Listed at $12,700,000

Built in 2003, Square feet: 11,440 , 6 bedrooms, 6 full baths, 1 half bath, 4 car garage, ocean access with no brides to the bay.

145 Rosales         Listed at $ 3,200,000

Built in 1991, Square Feet: 5,778 ,  6 bedrooms, 5 full baths, 1 half bath, 3 car garage, waterfront with private dock.

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Home sales in Coral Gables

The graph below provides an overview of the real estate market in the Gables. Home sale remain stable as do pending sales.  The month of April has not been accounted for on this graph. Currently there are 70 pending sales in Coral Gables.

Once these pending sales being to close, it will be interesting to see how they affect current prices.

Coral Gables (MC 03)

	1 year			15 months
	Mar 08	Mar 09	% Change	Jan 08	Mar 09	% Change
For Sale	630	588	-6.7%	577	588	1.9%
Sold	28	28	0%	20	28	40%
Pended	31	26	-16.1%	23	26	13%

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Gables By the Sea: 1012 San Pedro…OWNER SAYS “SELL IMMEDIATELY”

Priced at $1,599,000

Lease $4,400 /Month

3 bedrooms, 3 baths, 2948 Square feet

100 Feet on the water, NO BRIDGES to the bay.

Great family home…plenty of room for jet- skis and boats! Gated and Guarded 24/7 this is a prestigious boating community within the beautiful Coral Gables. For more information or to schedule a showing please contact The DiCarlo Group.

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Coral Gables: Recent Closed Sales

Below you will find a list of sales that have recently closed in Coral Gables.

You will see that all price ranges are selling…not just a certain area or price.

On a personal note, I have been showing a customer North Gables homes for the past few months. This past weekend we went out again, and 7 of the homes I have shown are now pending sales and 2 have closed.

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Pending Sales in Coral Gables

During the past 30 days, 33 homes in Coral Gables have received contracts and are pending. Below you will find a list of these homes.

So what does this mean for you the buyer. Well it seems as though buyers and investors are making their moves as I write this post. So now you ask yourself why the media is not reporting this purchasing trend? Well first of all the media is looking at the market as a whole not individual cities. Also, they want to see a consistent trend of home sales over a period of months before they report that the market is turning around.  

It is possible that if you wait till the media is reporting the turn, it will already be to late to purchase home at rock bottom. Of course this is for you to decide!

If you would like more information or have any questions please contact The DiCarlo Group.

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New Listing in Gables Estates offered at $49,500,000

This new listing located in the prestigious Coral Gables gated community of Gables Estates is absolutely stunning.

Situated on 3.6 acres, the home boasts 20,088 square feet of living space, 8 bedrooms, 11 full baths, 2 half baths, 5 car garage and separate guest house which sits on its own acre. 800 feet directly on the bay offer spectactualr views to this home’s residents.

Constructed in 2000, no expense was spared. The interior offers 3 second floor suites & the master suite with gym, billiard room and media room.

For more information or to schedule a private showing please contact The DiCarlo Group.

This home is listed by: Saddy Delgado/Edward Cecci– Avatar

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Luxury Home on Old Cutler: SOLD!

This beautiful home listed with the Heatleys of EWM recently sold for $12.9 Million. The asking price was $15 Million.

The spectacular estate offered 7 bedrooms, 8 full baths, 1 half bath, built-ins, private dock, private tennis court and pool. The home is situated on 4+ acres with 205 feet on the water.

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