By Anne Platt

300 Biscayne Blvd. Way (Former Epic II Site)
Sold $125,000,000.00

The aerial was supplied courtesy of CBRE
41 Arvida Parkway (Under Renovation)
Sold $25,000,000.00

Record-shattering waterfront sales continue to fuel the
South Florida real estate market.

Coconut Grove single family homes surpassed previous records with an all-time high average sales price of $1,300,622 for the first six months of 2014. This included 18 sales over $2 million. That number is almost double the total for previous complete years. Coral Gables single family homes also reached a new high of $1,272,150 for the average sales price. There were 41 sales over $2 million.

Year-Over-Year Sales Comparison
  JULY 2013 JULY 2014
ACTIVE ON MARKET
   
Coral Gables 249 280
Coconut Grove 86 100
PENDING    
Coral Gables N/A 85
Coconut Grove 46 47
CLOSED/SOLD FIRST 6 MONTHS
Coral Gables 292 265
Coconut Grove 96 101
AVERAGE SALES PRICE FIRST 6 MONTHS
Coral Gables $1,109,138 $1,272,150
Coconut Grove $1,023,301 $1,300,622
MEDIAN SALES PRICE FIRST 6 MONTHS
Coral Gables $692,500 $860,500
Coconut Grove $994,500 $1,000,000

For a detailed review of trends of the First Quarter 2014 visit:
http://plattproperties.com/htm/first-quarter-2014.htm



3648 Saint Gaudens - Sold $1,450,000

I recently helped a young family purchase this spectacular home on Saint Gaudens Road in South Coconut Grove. One of the oldest structures in South Florida, the original cottage was built in 1904.

The home you see today was created in 1998 by a talented architect who was able to expand the cottage for today’s family’s needs yet keep the unique 1904 characteristics.

While reviewing historical papers the seller had given to us, I recalled this ad from the Miami Metropolis Newspaper published in 1897. Look at the phenomenal growth in the Magic City values.

Bay Fronts at Cocoanut Grove Will soon all be gone.

We have a tract of 21 acres left. Price $4,500. Or we will cut it in half so as to make two lots of ten and one-half acres each and will sell either lot for $2,500. Cash preferred, but if desired, half cash and the remainder in one year at 8 per cent to right party. This property is Bay Front, and lies between the places of
A.R. Simmons and A.A. Boggs. Better secure a bay front while you can.
They will all be gone a year hence.

The land mentioned above was in a prime section of lush South Coconut Grove near the Saint Gaudens home.


Shattering Records in Coral Gables!

41 Arvida, Coral Gables

The enchanting beauty of Biscayne Bay has long drawn buyers from around the world to our shores.

In the coveted waterfront enclave of Gables Estates a home under construction on an acre and a quarter of land just sold for $25,000,000. Positioned at the end of Arvida Parkway directly on Biscayne Bay with over 550 feet of waterfront, it has spectacular bay views as well as protected dockage for a mega yacht.

41 Arvida, Coral Gables

41 Arvida Parkway (Under Renovation) Sold $25,000,000.00


41 Arvida, Coral Gables
300 Biscayne Blvd. Way Former “Epic II” Site
Sold $125,000,000.00 July 2014

Record-shattering Land Sale in Downtown Miami!

Downtown Miami is experiencing a land rush as builders and investors hurry to snap up the few remaining pieces of high-density waterfront property with development potential. Ugo Colombo, one of Miami’s leading developers, and partner Diego Lowenstein just sold this one and one quarter acre property in downtown Miami for $125,000,000 (One hundred twenty-five million).

The “Real Deal” reports that the property had received a major use permit in 2004 to construct a 609 foot tall building with up to 596 units. According to the new Miami 21 zoning code, as many as 1,250 units could be built there today. Robert Given and Gerard Yelming of CBRE Real Estate said “Interest was really varied. Groups from Asia, New York, Europe and South America showed interest in the site.” A group from Argentina led by prominent businessman, Alfredo Coto, who runs the large Coto Supermarkets chain in Argentina, purchased the property. For more Downtown and Brickell sales visit The Wall Street Journal.


People frequently ask me,
“Where do your Coconut Grove and Coral Gables buyers come from?”
Here are a few recent sales:

41 Arvida, Coral Gables

3563 Royal Palm Avenue - Sold $1,075,000

I recently sold this home at 3563 Royal Palm. The new buyers are a local couple moving from a
larger home just a few miles away. Several years before when I had sold it, the buyers
were a professional couple moving to Coconut Grove from Europe.

4011 Kiaora Street Coconut Grove - Sold $1,502,000
Colleagues in my Coldwell Banker office sold this home at 4011 Kiaora to a couple moving to Coconut Grove
from the Northeast.
3849 Leafy Way Coconut Grove - Sold $2,150,000
Colleagues in our Miami Beach Coldwell Banker
office sold this 1930’s secluded estate to a local
South Florida family moving from just a few miles away.

Crystal Court Alhambra Circle
3301 Crystal Court Coconut Grove - Sold $1,400,000
Another Coldwell Banker colleague sold this home on
Crystal Court in North Coconut Grove to a young man
from London, England.
756 Alhambra Circle Coral Gables - Sold $1,790,000
A Coldwell Banker colleague sold this magnificent Mediterranean to an executive moving from California
with his family.



We in real estate are noticing that the number of homes for sale throughout Miami-Dade County, and even Coconut Grove and Coral Gables, is building. If you are thinking of selling, now is a good time as there is still a limited selection of noteworthy homes in the Coral Gables and Coconut Grove market. Our global reach can showcase your home to the best advantage. Your buyer may come from around the world or around the corner. Our Coldwell Banker International Previews Program with offices in 50 countries can help you reach them. Coldwell Banker Previews

Each individual market has unique characteristics. Trends are subtle. Should you, or a friend, neighbor or colleague desire a more in-depth study call me. I can help you evaluate your alternatives and execute your best options. You can trust that my local knowledge and personal attention will help you make your move.

Trust Three Decades Helping Sellers and Buyers in Coconut Grove and Coral Gables.
Call Me, Anne Platt, to Help You Make Your Move.



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