By Anne Platt
Record Shattering Prices in Coral Gables and Coconut Grove
“Aided by a surging stock market and improving US economy, the pace of sales in luxury real estate remains brisk in 2015. " The editors for our Coldwell Banker Previews Luxury Market Report must have been standing on the shore of Biscayne Bay when they wrote that! Scroll down for the full report.
Electrifying price escalation for Coconut Grove Waterfront homes has shattered all previous records. Since the beginning of 2015 five waterfront homes listed over eight million dollars have been placed pending sold and a sixth property just closed a $4,850,000. Check out the map below for locations and brief highlights.
3505 Main Lodge Drive is a restored 1926 Mediterranean treasure on over an acre of lush hammock at the end of a short canal to Biscayne Bay. Located in Camp Biscayne in the heart of the Village of Coconut Grove, it closed for $11,000,000. 3310 Devon Court is a contemporary Italian residence created in 2003 across the street from the bay in coveted Hughes Cove. It features stunning water views and protected dockage in a private marina. It closed for $12,850,000.
Pending and expected to close soon are 3590 Crystal View Court listed for $15,000,000 on the bay in North Coconut Grove and 3525 Anchorage Way listed for $8,950,000 on the bay in South Coconut Grove.
Classic and contemporary elements converge in 3305 South Moorings Way, an enchanting Moorish style home with old world accents created in 2009. One lot from Biscayne Bay with spectacular views and dockage in the sought after gated Moorings community it just closed for $8,650,000.
A dramatic contemporary at 3835 Carole Court with bay views is just two lots from the bay with dockage in the Moorings Canal. It just closed for $4,850,000.
Coral Gables Achieves a Staggering 38% Growth!
Always in demand, the coveted luxury bay front enclaves of Gables Estates, Old Cutler Bay, Coco Plum and Sunrise Harbor have in 2015 achieved an outstanding 38% increase in the average sales price over the first half of 2014. An enduring leader in the luxury market, Gables Estates has transcended its own records with five closed sales over eight million dollars. Last year there were two sales in that range for the first six months of 2014.
9320 Gallardo Street in Old Cutler Bay is a sensational newly built home with an old world ambiance. It features wrap around lagoon views and closed for $8,350,000. This is within $650. of the record for the highest price for Old Cutler Bay set in 2011 by a home on Solana Prado. We are in an extremely healthy waterfront market with exceptional homes for a buyer to purchase.
555 Leucadendra Drive perfectly situated on 3 acres of land with 75 feet of waterfront with magnificent entertaining areas and endless views closed at $17,200,000.
9151 Arvida Lane is a classic custom home on two acres of land in a premier location within Gables Estates with tropical plantings and specimen trees covering 900 feet of waterway with 2 docks. It closed at $12,600,000.
650 Casuarina Concourse features 400 feet of exceptional waterfront along the lagoon with superb dockage on two acres of land with gorgeous sloping lawns. It sold for $11,925,000.
2 Casuarina Concourse is located at the end of Casuarina with 430 feet on water and expansive views from every room.
This is a yachtsman's dream property as it is only a minute to Biscayne Bay. It closed for $8,642,700.
365 Arvida Parkway designed by renowned architect Ramon Pacheco is an eight bedroom seven bath 14,200 square foot mansion. The dramatic foyer entry with double height ceilings is only the beginning. It closed at $10,250,000.
Gables Estates, Old Cutler Bay, Sunrise Harbor and the northern streets of Coco Plum on the Gables Waterway all offer boaters easy access to Biscayne Bay with no bridges. This allows sailboats and large power yachts with tall towers to enjoy protected dockage and easily enter the bay.
161 Crandon Blvd. Apt. 322 Botanica on Key Biscayne
Call me to visit this stunning apartment amidst the lush gardens at Botanica. Renovated through-out it features three bedrooms, an updated kitchen, 2 updated baths and gorgeous wood floors.
It is listed for $910,000.
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