By Anne Platt

FROM AROUND THE GLOBE BUYERS SEEK
THE FLORIDA LIFESTYLE.

Sunny skies, beautiful beaches, world class cultural attractions and a perfect climate to enjoy boating, golf or tennis year around are just a few of the reasons international buyers and U. S. citizens continue to flock to Florida.


Below, the red arrow points at 1820 South Bayshore Drive in North Coconut Grove. Downtown Miami, Brickell Avenue and the fabulous new shopping mall, Brickell City Centre, are in the background.Coconut Grove is one of the few places in the world where you can live in a tropical getaway with your boat docked at your back steps where you are only three minutes from Biscayne Bay.  When work calls you are only ten to fifteen minutes from your office.  World Class dining awaits whether you choose Coconut Grove, Key Biscayne, Brickell or minutes away in Coral Gables or Miami Beach.

1820 South Bayshore Drive, Coconut Grove

3 Bedrooms Down and 4th Upstairs Overlooking the Waterway and Miami Glittering Lights
20,000 Sq. Ft. Lot | 4,384 Adjusted Sq. Ft. House
Offered for $3,999,999

Contact Anne  Plattproperties@bellsouth.net or 305-332-2027
to visit this rare new construction waterfront home with no bridges and direct access to Biscayne Bay. 
Enjoy the high ceilings, and an open plan with floor to ceiling impact windows offering exceptional views
and excellent flow to the entertaining area. Superb for indoor and outdoor dining and parties,
this home features deep porches to enjoy the tropical ambiance rain or shine. 
To visit this property contact Anne Platt 305-332-2027 or Debra Flam Velez 305-992-8547.

 

The average price for a single family home in North and South Coconut Grove has increased 19 % from $1,404,713 in 2016 to $1,651,062 in 2017.  Single family homes in both Coconut Grove and Coral Gables have continued to sell well.  The charts below show the total number of home sales in Coconut Grove and Coral Gables.  Below you can see the selected price ranges.  If you wish a different range than you find featured here, call me and I will be glad to research it for you.

Coconut Grove Market Report
Single Family Homes | Year End 2017
Average Sales Price for 2017 was $1,651,062
Median Sales Price for 2017 was $1,270,000
All Price Ranges Active Pending Closed/Sold DOM % of SP to LP**
End December 2017 163 22 162 107 93%
End December 2016 147 35 143 137 93%
Sales Figures represent sales from the preceeding 12 months.

 

3421 North Moorings Way

3421 North Moorings Way

5 Bedrooms 5 and ½ Baths  Plus Office
6,294 Sq. Ft. of Living Area | 10,000 Sq. Ft. Lot
Offered for $3,875,000


Only steps from Biscayne Bay, yet still high on the Cutler Ridge, this five bedroom home secluded in the sought after private guard gated Moorings enclave in South Coconut Grove, offers the best of two architectural worlds.  An understated traditional exterior opens to a gracious two story foyer and a sweeping staircase that welcomes you to an elegant contemporary interior. Enormous kitchen opens to family room with bar area excellent for entertaining. Upstairs are four bedrooms, each with private bath, plus an office.  Fifth bedroom down with private bath for guests.   $3,875,000  Unf. 

For additional information and to visit contact Anne Platt at Plattproperties@bellsouth.net,
305-442-2055 or Sheila Freed 305-793-0005.

 


Coral Gables

The sales in various neighborhoods of Coral Gables have been dramatically diverse in 2017.  Peruse the sales charts of selected price ranges and you will notice that while sales in the ranges below $2,500,000 were strong there were fewer sales in the higher luxury ranges than in 2016.   

 

While there have consistently been record breaking sales, the total number of upper end sales had decreased from 2016. That lack of higher priced sales had caused the average price for a single family home in Coral Gables to decrease 14% percent from $1,482,781 in 2016 to $1,268,840 at the end of 2017.  This does not mean your home is worth 14% less any more than a Coconut Grove home is worth 19% more in 2017 than 2016.  It is simply a “Snapshot” of the real estate market at the end of 2017.

 

Almost every price range had longer days on the market.  Below you can see the selected price ranges.  If you wish a different range than you find featured here, contact me and I will be glad to research it for you.  

Coral Gables Market Report
Single Family Homes | Year End 2017

Average Sales Price for 2017 was $1,268,840
Median Sales Price for 2017 was $840,000

All Price Ranges Active Pending Closed/Sold DOM % of SP to LP**
End December 2017 313 52 498 97 94%
End December 2016 331 61 478 130 95%
Sales figures represent sales from the preceding twelve months.

 

3604 Matheson

6511 Maynada, Coral Gables

5 Bedrooms   4811 Adj. Sq. Ft. House
Private 11,000 Sq. Ft. Lot   Offered $2,645,000


Striking New Construction 2017

This stunning brand new home features an open floor plan, wood and stone floors throughout and a gourmet kitchen with Wolf and Sub Zero appliances. Expansive entertaining areas open to an oversized terraced with saltwater pool. Upstairs Master suite has grand bathroom and two balconies.

To visit this home contact Anne Platt 305-332-2027 Plattproperties@bellsouth.net
or Maria Mejia at 305-305-2109.

 

The numbers below show the sales analysis in Coral Gables in selected price ranges.  Contact me at PlattProperties@bellsouth.net if you wish more detail of if you wish a different price range

Coral Gables Sales | Selected Price Ranges
  Active Pending Closed/Sold DOM % of SP
to LP**
Over $6,000,000          
End December 2017 32 1 ** 3 347 92%
End December 2016 35 1 13 297 92%

Exciting news!  Last year in 2017 in Coral Gables there were only 3 single family
sales over 6 Million for the full year. This year 17 Tahiti Beach, 9320 Balada and
4995 Hammock Lake Drive have already sold over 6 Million in the first two months of 2018.


$3,000,000 - $6,000,000          
End December 2017 52 5 26 173 91%
End December 2016 50 4 32 136 93%
$2,500,000 - $3,000,000          
End December 2017 23 1 16 213 93%
End December 2016 21 5 20 154 93%
$1,300,000 - $1,600,000          
End December 2017 27 3 42 110 94%
End December 2016 27 4 38 106 94%
$800,000 - $1,000,000          
End December 2017 53 7 87 101 92%
End December 2016 39 10 70 109 96%
Sales figures represent sales from the preceding twelve months.

 

Prospect

3003 Alhambra Circle on Biltmore Golf Course
Sold $1,575,000


Four Bedrooms Plus Fabulous Entertaining Areas

14,480 Sq. Ft. of Land | 4,259 Total Sq. Ft. in House

Everyone loves Coral Gables. Builders searching for lots in prime locations frequently clash with Gables preservationists wishing to preserve the creations that famous architects have contributed to the history of Coral Gables. When this home on the Biltmore Golf Course, designed by the noted architect Marion Manley in the late 1930's, came on the market both builders and South Florida Preservationists rushed to make purchase offers. Emily Furdock, a colleague at my Coral Gables Coldwell Banker Global Luxury office was thrilled when a neighbor on Alhambra Circle who was familiar with Manley and her work bought the home. Emily advised me that the happy buyer plans to restore the home.

 


Coconut Grove

The numbers below show the sales analysis in selected price ranges in Coconut Grove.  Please contact me at 305-332-2027 or Plattproperties@bellsouth.net if you wish to see a differecnt price range.

Coconut Grove Sales  | Selected Price Ranges
  Active Pending Closed/Sold DOM % of SP
to LP**
Over $6,000,000          
End December 2017 11 1 4 262 92%
End December 2016 10 0 0 N/A 92%
$3,000,000 - $6,000,000          
End December 2017 17 0 12 171 88%
End December 2016 15 1 10 142 87%
$2,500,000 - $3,000,000          
End December 2017 9 1 7 84 88%
End December 2016 11 5 7 210 92%

Exciting news! In Coconut Grove there have already been 19 Pending sales
in the ever popular $1,000,000 to $2,500,000 in the first two months of 2018.
Last year there were 15 in the same time period.

$1,300,000 - $1,600,000          
End December 2017 27 2 26 79 93%
End December 2016 11 5 18 171 91%
$800,000 - $1,000,000          
End December 2017 17 5 30 103 96%
End December 2016 19 7 31 109 95%
Sales figures represent sales from the preceding twelve months.

 

Prospect

3550 Matheson Avenue
JUST SOLD $19,750,000 - 2018

5 Bedrooms 7 Baths | 21,233 Sq. Ft. Lot
350 Linear Ft. On Biscayne Bay


Coconut Grove has surpassed another waterfront record!  3550 Matheson Avenue, a modern sleek 14,000 square foot masterpiece with soaring ceilings, generous balconies and panoramic views located on 350 linear feet on Biscayne Bay and the Entrada Canal has just closed for $19,750,000.  Placed pending sold in late December that is a great start to the 2018 year! 

Forbes Report of America's Most Expensive Zip Codes 2017

Forbes

Forbes contracts with Altos Research to compile a list of America's most expensive zip codes. Typically the luxury communities on the east or west coast of the U.S. and condominiums in New York City comprise it. This year the "tech" areas in California edged out the New York condos for the top slots.

 

Florida was well represented in the luxury enclaves. Check out Florida's priciest zip codes. Click here to see the complete list.

America’s Most Expensive Zip Codes 2017
  Zip Code     Median Price DOM
1. 94027 ATHERTON CA Big “Tech” Center $9,686,154 190
2. 33462 MANALAPAN FL   $8,368,431 262
3. 94022 LOS ALTOS HILLS CA   $7,755,000 105
4. 94301 PALO ALTO CA   $7,016,631 67
5. 94957 ROSS CA   $6,939,423 123
6. 11962 SAGAPONACK NY   $6,852,692 128
7. 81656 WOODY CREEK CO   $6,651,269 528
8. 90210 BEVERLY HILLS CA   $6,442,914 148
9. 10065 NEW YORK NY   $6,415,146 115
10 10013 NEW YORK NY   $6,289,099 121
26. 33483 GULF STREAM FL   $4,302,827 264
27. 33109 FISHER ISLAND FL   $4,267,962 364
43. 33143 CORAL GABLES FL Largely  Coco Plum  $3,630,721  267
47. 33109 MIAMI BEACH  FL   $3,453,731 300
58. 33435 OCEAN RIDGE FL Near Boynton Beach $3,294,423 217
70. 33156 CORAL GABLES  FL Mostly Gables Estates and Old Cutler Bay $3,092,308 240
95. 33316 FORT LAUDERDALE  FL   $2,546,923 268
118.  33139 MIAMI FL South Beach $2,393,512 149
119. 34102 NAPLES FL   $2,390,419 280
133. 33410 NORTH PALM BEACH FL   $2,288,038 224
177. 33480 PALM BEACH FL   $1,989,964 238
193. 33156  PINECREST  FL   $1,860,130 195

 


 

Sellers frequently ask
“Who is going to buy my home?
How do you know how to reach the best buyer?”


Prospect

Coldwell Banker has launched an enhanced version of the CBx application that enables Coldwell Banker Global Luxury Associates to analyze data that can show sellers a likely profile of their potential buyer.  Above is just one layer of the data. There are many more. Once we have that profile we can plan a targeted marketing program to reach the best buyer. Call me. We can get together and research where we may find your buyer.

 


Trust Three Decades Helping Sellers and Buyers
in Coconut Grove and Coral Gables.

Call me, Anne Platt, when
You are Ready to Make Your Move.


Anne Platt

Coldwell Banker

Visit www.LuxuryMiamiHomesandGardens.com 
to search for properties and real estate market updates.

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www.PlattProperties.com
Direct 305-442-2055 | Office 305-667-4815
Email:  PlattProperties@bellsouth.net

Now a note about the numbers I use in this report. The report covers strictly Single Family Homes in the residential neighborhoods of Coral Gables and North and South Coconut Grove. In those neighborhoods there are roughly 2,100 homes in the Grove and 10,814 in the Gables. All information is from the Southeast Florida Multiple Listing Service. You may see different figures from an economist, market forecaster or realtor who measures the market from another perspective. Notice Forbes used the Median Price and I have used the Average more frequently. Both are valid measurements. The Average is typically higher than the Median.

 



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