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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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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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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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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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.
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| 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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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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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.
|
Address |
List Price |
Sale Price |
|
8585 Old Cutler |
$15,000,000 |
$12,900,000 |
|
13060 Mar |
$4,000,000 |
$2,500,000 |
|
6901 Sunrise |
$3,990,000 |
$3,300,000 |
|
3801 Riviera |
$2,150,000 |
$1,900,000 |
|
13030 Zambrana |
$1,999,000 |
$1,750,000 |
|
4500 Ridgewood |
$1,649,000 |
$1,550,000 |
|
6709 Tarrega |
$1,499,000 |
$1,153,500 |
|
6201 Riviera |
$999,995 |
$999,995 |
|
1123 Placetas |
$989,000 |
$950,000 |
|
733 Majorca |
$499,000 |
$420,000 |
|
1332 Sorolla |
$495,000 |
$440,000 |
|
1401 El Rado |
$253,500 |
$225,000 |
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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.
|
9030 Old Cutler |
$ 1,192,000 PENDING SALE |
|
1414 Algardi |
$ 925,000 PENDING SALE |
|
433 Bargello |
$ 899,000 PENDING SALE |
|
1239 Allegriano |
$ 899,000 PENDING SALE |
|
1520 Dorado |
$ 898,000 PENDING SALE |
|
417 Amalfi |
$ 895,000 PENDING SALE |
|
1170 Lugo |
$ 799,000 PENDING SALE |
|
1522 Cecilia |
$ 775,000 PENDING SALE |
|
5701 Michelangelo |
$ 698,000 PENDING SALE |
|
124 Aledo |
$ 675,000 PENDING SALE |
|
612 Majorca |
$ 659,000 PENDING SALE |
|
811 Malaga |
$ 649,000 PENDING SALE |
|
505 Majorca |
$ 639,000 PENDING SALE |
|
1217 Obispo |
$ 499,000 PENDING SALE |
|
813 Messina |
$ 480,000 PENDING SALE |
|
439 Minorca |
$ 450,000 PENDING SALE |
|
513 San Lorenzo |
$ 449,000 PENDING SALE |
|
535 Altara |
$ 379,900 PENDING SALE |
|
427 Aragon |
$ 350,000 PENDING SALE |
|
540 Minorca |
$ 349,000 PENDING SALE |
|
704 Navarre |
$ 349,000 PENDING SALE |
|
526 Zamora |
$ 349,000 PENDING SALE |
|
1109 Asturia |
$ 324,000 PENDING SALE |
|
1212 Wallace |
$ 320,000 PENDING SALE |
|
1029 Obispo |
$ 300,000 PENDING SALE |
|
24 Montilla |
$ 280,000 PENDING SALE |
|
1719 Red |
$ 259,900 PENDING SALE |
|
47 Fonseca |
$ 259,000 PENDING SALE |
|
812 Catalina |
$ 219,900 PENDING SALE |
|
3707 Le Jeune |
$ 202,900 PENDING SALE |
|
229 Washington |
$ 198,890 PENDING SALE |
|
7 Montilla |
$ 179,900 PENDING SALE |
|
1715 Red |
$ 177,900 PENDING SALE |
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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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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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