What $1 Million Buys In Coral Gables Real Estate

As the Florida real estate market begins to heat up, Coral Gables is one of the areas that is truly on the rise.  Therefore, we thought it would be a good idea to take a look at what is on the market.  For many, a luxury property refers to a property valued at about $1 million or more.  While some potential buyers are interested in condominium properties for second homes and investment property, others simply prefer a great Coral Gables single-family home.

With that in mind, we looked at what is available around the $1 million mark and offer the following homes in Coral Gables:

Coral Gables Homes for Sale

2412 Country, List Price: $1,000,000

As a new listing on Country Club Prado, this five-bedroom/four-bath home encompasses about 3,800 square feet.  It features tons of space including a formal living room and dining room as well as large family room, separate office or library, and nice eat-in kitchen with lots of counter space.  Home owners can enjoy the sparkling in-ground pool with landscaped pool deck, large Chicago brick patio and backyard set behind a gated privacy wall. 

For Sale in Coral Gables Country Club
3919 Granada Boulevard, Coral Gables Country Club, List Price:  $1,000,000

Located on exclusive Granada Boulevard, this large, two-story home is almost 3,800 square feet and sits across from the Biltmore Golf Course.  It features elegant hardwood floors, a large family room and den and a huge kitchen with stainless steel appliances and granite counter tops – definitely a gourmet cook’s dream.  With extras like a screened-in patio, high ceilings, a spiral staircase, French doors and an upper floor master suite with hardwood floors, this home offers the amenities expected in a home of this quality.  It is ideal for a family as it offers four bedrooms and four baths.

For Sale in Coral Gables

1121 Hardee Road, Coga Sub, List Price:  $1,025,000

This classic, Florida bungalow-style home exudes luxury inside and out.  From the large gourmet kitchen with granite counter tops, stainless steel appliances and lots of work space to the unbelievable two-car garage with built-ins, there is so much to enjoy when living here.  The four bedroom/ three-bath home features tile floors, hurricane shutters, walk-in closets, and so much more.  Outside, tropical and lush landscaping surrounds the home and beautiful pool/patio area in the backyard.

For Sale in University Estates

1137 Aduana Avenue, University Estates, List Price:  $1,025,000

This wonderful home in University Estates offers five full-sized bedrooms and four baths plus a bonus room! Ideal for a family or as a second home, this classic Florida home features three en-suite huge bedrooms in addition to a large, master bedroom with two walk-in closets, an office with built-in desktops, and a spa-like, glass-encased marble shower.  Other finishes include wood beam ceilings in the family room, crown molding accents, a working fireplace and more.  The fenced-in backyard with large pool is ideal for entertaining.  This home is the ideal home in Florida.

For Sale in Gables by the Sea
1520 Lugo Avenue, Gables by the Sea, List Price:  $1,080,000

When thinking about owning the perfect home in Florida, this spectacular abode comes to mind.  Located in the exclusive, gated neighborhood of Gables by the Sea, this gorgeous remodeled home sits on a canal with direct access to Biscayne Bay.  It features four bedrooms and three baths, a large eat-in kitchen with granite counter tops and a large family room.  Off the den is a nice covered patio that is perfect for entertaining and leads to a landscaped backyard, in-ground swimming pool, seawall and private dock.  The large master suite includes a huge walk-in closet and spa-like master bath. 

Worth the Investment

For those who have the ability to buy a million-dollar home in Miami/Dade County, Coral Gables homes are definitely worth the investment.   They offer that classic Florida appeal as well as the extras that are necessary when living in Florida.  Coral Gables is a great part of South Florida and is a huge draw to many because of its wonderful attributes like shopping, dining and culture not to mention the close knit feel from area residents and neighbors.

Coral Gables Real Estate Market Update - January 2013

In the following table you can see all closings in Coral Gables for the month of January of 2013. There were a total of 56 closings. The main statistics are:

• Average price per square foot: $274
• Lowest price per square foot: $112 (Tierra Alta)
• Highest price per square foot: $862 (Kingsleys Sub)
• Number of studios sold: 1
• Number of 1 bedrooms sold: 7
• Number of 2 bedrooms sold: 12
• Number of 3 bedrooms sold: 22
• Number of 4 bedrooms sold: 8
• Number of 5 bedrooms sold: 5
• Number of 6 bedrooms sold: 1
• Average discount: 1.19%

Two units located at Coral Gables Granada and Coral Gables Country Club were the quickest ones to go pending sale in two days.

Address	Community	Bed/Bath	Living Area	Days on Market	List Price	Sale Price	Price per sq ft
126 MENDOZA AV # 7A	MENDOZA CONDO	0/1	255	478	$50,000	$50,000	$196
1014 SALZEDO ST # 210	Salzedo In The Gables	2/1	664	20	$70,000	$79,000	$119
3180 SW 22 ST # 804	Midtown Lofts	1/1	745	44	$88,000	$91,500	$123
338 MAJORCA AV # 103	The Majorcas Condo	1/1	718	24	$137,500	$143,500	$200
4740 SW 2 TE	TIERRA ALTA	2/1	1235	110	$137,750	$137,750	$112
2030 DOUGLAS RD # 721	Minorca Condo	2/2	962	8	$180,000	$216,000	$225
100 EDGEWATER DR # 332	100 Edgewater	1/1.5	808	12	$189,000	$189,000	$234
1280 S ALHAMBRA CR # 1315	University Inn	1/1	620	38	$190,000	$190,000	$306
635 BIRD RD	CORAL GABLES COUNTRY CLUB	3/2.5	2109	5	$198,000	$325,000	$154
100 EDGEWATER DR # 112	WATERS EDGE OF CORAL GABL	1/1	759	88	$199,000	$183,000	$241
90 EDGEWATER DR # 323	GABLES WATERWAY TOWERS	1/1	880	15	$242,999	$230,000	$261
32 FONSECA AV	CORAL GABLES FLAGLER ST S	3/1	1187	73	$249,000	$249,000	$210
5271 SW 8 ST # 512	GRANADA GRAND CONDO	3/2	1377	49	$249,900	$245,000	$178
5750 TURIN ST # 202	GABLES CONDO	3/2.5	1312	90	$270,000	$255,000	$194
901 TANGIER ST	TAMIAMI PLACE PLAN 1	2/2	1269	78	$296,000	$295,000	$232
55 MERRICK WY # 818	55 MERRICK CONDO	1/1.5	782	152	$298,000	$270,000	$345
830 PIZARRO ST	CORAL GABLES GRANADA SEC	2/1	1448	196	$314,200	$300,000	$207
711 BILTMORE WY # 301	BILTMORE VILLAGE CONDO	2/2	1655	54	$315,000	$350,000	$211
888 DOUGLAS RD # 403	Puerta de Palmas	2/2	1091	152	$319,000	$285,000	$261
2030 DOUGLAS RD # 607	The Minorca Condo	2/2	1114	73	$329,900	$317,000	$285
10 ARAGON AV # 614	10 ARAGON	2/2	1139	106	$350,000	$335,000	$294
1211 CAPRI ST	CORAL GABLES GRANADA SEC	2/2	1479	2	$359,000	$359,000	$243
1248 MILAN AV	CORAL GABLES GRANADA SEC	2/1	1340	13	$375,000	$370,000	$276
14540 SNAPPER DR	KINGS BAY SUB	3/3	2197	62	$379,900	$407,000	$185
118 ZAMORA AV # 206	VILLA ZAMORA CONDO	3/2	1604	14	$399,000	$399,000	$249
221 CAMILO AV	COCONUT GROVE SEC PT 1	3/2	1683	13	$425,000	$420,000	$250
1259 ASTURIA AV	CORAL GABLES SEC E PB 8-1	3/2	1917	366	$429,000	$400,000	$209
4300 SW 14 ST	CAMNER GABLES	4/2	1743	60	$439,000	$400,000	$229
128 SAN SEBASTIAN AV	CORAL GABLES CRAFTS SEC	3/1.5	1602	56	$499,000	$499,000	$311
455 CORAL WY # A-7	Gables Place Condo	3/2.5	1720	10	$500,000	$500,000	$291
243 VELARDE AV	COCONUT GROVE SEC PT 1	3/2	1564	40	$515,000	$482,500	$309
1543 BIRD RD	CORAL GABLES COUNTRY CLUB	3/2.5	2000	77	$519,000	$500,000	$250
550 VITTORIO AV	CORAL GABLES RIVIERA SEC	3/2	1711	8	$549,000	$549,000	$321
6820 GRATIAN ST	CORAL GABLES RIVIERA SEC	3/2	1914	11	$559,900	$545,000	$285
510 TIBIDABO AV	CORAL GABLES BISCAYNE BAY	3/2	1601	49	$600,000	$575,000	$359
1232 ADUANA AV	RIVIERA WATERWAYS	3/2	1940	3	$629,000	$577,150	$298
520 GONDOLIERE AV	CORAL GABLES BISCAYNE BAY	4/3	3008	10	$649,000	$695,000	$231
325 RIDGEWOOD RD	COCONUT GROVE MANOR	3/2	1999	14	$689,000	$689,000	$345
1177 SUNSET RD	CORAL GABLES RIVIERA SEC	4/3	2757	95	$689,000	$650,000	$236
4200 ALHAMBRA CR	CORAL GABLES COUNTRY CLUB	4/4	3603	75	$695,000	$650,000	$180
6345 MAYNADA ST	CORAL GABLES RIVIERA SEC	3/3.5	3098	99	$699,000	$620,000	$200
13631 DEERING BAY DR # 257	Deering Bay Padua	3/2.5	2620	399	$699,900	$665,000	$254
915 ALFONSO AV	CORAL GABLES RIVIERA SEC	3/2	2693	63	$718,000	$718,000	$267
3620 PALMARITO ST	CORAL GABLES COUNTRY CLUB	4/2.5	2394	18	$739,000	$720,000	$301
4210 ANDERSON RD	CORAL GABLES COUNTRY CLUB	3/2.5	2732	50	$749,000	$740,000	$271
13641 DEERING BAY DR # 147	Deering bay	3/2.5	2750	19	$799,000	$785,000	$285
3620 HARLANO ST	COCONUT GROVE TERRACE	4/4.5	2893	77	$869,000	$835,000	$289
1115 ANASTASIA AV	CORAL GABLES COUNTRY CLUB	5/3.5	2792	2	$1,075,000	$1,050,000	$376
4225 SAN AMARO DR	CORAL GABLES COUNTRY CLUB	5/4.5	3648	306	$1,075,000	$1,002,500	$275
1320 LUGO AV	CORAL BAY SEC C	4/3	3084	744	$1,099,000	$1,000,000	$324
1525 MERCADO AV	CORAL GABLES COUNTRY CLUB	5/4	4077	63	$1,299,000	$1,250,000	$307
717 UNIVERSITY DR	LOUISE PARK	5/5.5	5090	272	$1,595,000	$1,510,000	$297
4900 GRANADA BL	CORAL GABLES RIVIERA SEC	5/5.5	5073	42	$2,199,099	$1,950,000	$384
4965 HAMMOCK LAKE DR	HAMMOCK LAKE PARK	6/5	6400	149	$2,490,000	$2,350,000	$367
8370 PONCE DE LEON RD	KINGSLEYS SUB	2/2	2551	1224	$2,495,000	$2,200,000	$862
850 SAN PEDRO AV	CORAL BAY SEC B	4/4.5	4621	17	$3,200,000	$3,000,000	$649

Coral Gables Real Estate Market Update - December 2012

In the following table you can see all closings in Coral Gables for the month of December of 2012. There were a total of 74 closings. The main statistics are:

• Average price per square foot: $321
• Lowest price per square foot: $120 (Coral Gables Granada)
• Highest price per square foot: $2,242 (Gables Estates)
• Number of studios sold: 0
• Number of 1 bedrooms sold: 7
• Number of 2 bedrooms sold: 22
• Number of 3 bedrooms sold: 23
• Number of 4 bedrooms sold: 9
• Number of 5 bedrooms sold: 12
• Number of 6 bedrooms sold: 0
• Number of 7 bedrooms sold: 0
• Number of 8 bedrooms sold: 1
• Average discount: 6.95%

A unit at Coral Plaza was the quickest one to go pending sale in two days.

Address	Community	Bed/Bath	Living Area	Days on Market	List Price	Sale Price	Price per sq ft
700 BILTMORE WY # 1206	DAVID WILLIAM HOTEL CONDO	1/1	780	15	$98,000	$98,000	$126
318 MAJORCA AV # 105	BELLA MAJORCA CONDO	2/1	666	52	$125,000	$120,000	$180
700 BILTMORE WY # 507	David William	1/1	770	36	$139,900	$139,900	$182
3500 CORAL WY # 414	Coral Plaza of Miami Cond	1/1	630	0	$150,000	$148,900	$236
888 DOUGLAS RD # 1602	PUERTA DE PALMAS	2/2	1084	711	$210,000	$220,000	$203
1805 PONCE DE LEON BL # 718	The Ponce Tower Condo	1/1	697	67	$210,000	$190,000	$273
721 BILTMORE WY # 101	THE BILTMORE REGENT CONDO	1/1.5	948	63	$212,000	$205,000	$216
1805 PONCE DE LEON BL # 826	PONCE TOWER	1/1	697	160	$224,000	$215,000	$308
911 E PONCE DE LEON BL # 502	GABLES PARK TOWER	2/2	960	22	$225,000	$197,000	$205
888 DOUGLAS RD # 112	PUERTA DE PALMAS	1/1.5	1085	112	$250,000	$220,000	$203
4798 SW 2nd St		3/  .5			$258,500	$229,000	$170
1725 RED RD	CORAL GABLES SEC E REV	3/2	1726	280	$265,000	$266,500	$154
830 MONTEREY ST	WELBON SUB	2/1	1185	860	$269,000	$260,000	$219
1280 S ALHAMBRA CR # 2202	UNIVERSITY INN CONDO	2/2	910	165	$279,900	$260,000	$286
1003 SW 57 AV	CORAL GABLES GRANADA SEC	4/3	2210	611	$294,500	$265,000	$120
2011 RED RD	CORAL GABLES SEC E REV	3/2	1784	197	$299,000	$268,000	$150
1115 MILAN AV	CORAL GABLES GRANADA SEC	3/2	1191	137	$300,000	$199,000	$167
10 ARAGON AV # 1020	TEN ARAGON	2/2	1114	30	$319,500	$325,000	$292
625 BILTMORE WY # 1401	Gables Plaza	2/2	1400	14	$325,000	$292,000	$209
23 SANTANDER AV	CORAL GABLES CRAFTS SEC	2/1	1303	49	$330,000	$315,000	$242
600 BILTMORE WY # 517	BILTMORE 11 CONDO	2/2	1129	49	$334,500	$310,000	$275
1409 MEDINA AV	CORAL GABLES GRANADA SEC	2/2	1515	239	$338,000	$338,000	$223
118 ZAMORA AV # 302	VILLA ZAMORA	2/2	1489	116	$350,000	$340,000	$228
400 GERONA AV	CORAL GABLES RIVIERA SEC	3/2	1676	10	$374,999	$362,500	$216
4100 SALZEDO ST # 505	One Village Place	2/2	970	77	$379,000	$325,000	$335
100 ANDALUSIA AV # 215	ANDALUSIA	2/2.5	1246	308	$384,900	$342,650	$275
810 MESSINA AV	CORAL GABLES GRANADA SEC	3/2	1339	5	$392,500	$392,500	$293
409 ZAMORA AV	CORAL GROVES	3/2	1797	103	$425,000	$385,000	$214
536 MAJORCA AVE	CORAL GABLES SEC B	3/1	1681	2	$429,000	$390,000	$232
329 VISCAYA AV	COCONUT GROVE SEC PT 1	3/2	1658	28	$449,000	$440,000	$265
629 MADEIRA AV	CORAL ESTATES	3/2	1677	14	$450,000	$430,000	$256
493 MENENDEZ AV # 12	MENENDEZ PARK	2/3	1632	393	$459,900	$435,000	$267
736 MADEIRA AV	CORAL ESTATES	2/1	1217	16	$469,000	$458,000	$376
757 PARADISO AV	CORAL GABLES RIVIERA SEC	2/1	1667	173	$475,000	$500,000	$300
1811 CORTEZ ST	CORAL GABLES SEC B PB 5-1	3/2	1567	15	$495,000	$470,000	$300
1607 ponce de leon # PH-C	The Ponce de Leon	2/2.5	1315	125	$525,000	$485,000	$369
731 ANASTASIA AV	CORAL GABLES BILTMORE SEC	2/2	1800	66	$564,900	$540,000	$300
300 ALESIO AV	COCONUT GROVE SEC PT 1	2/2.5	2414	55	$579,000	$579,000	$240
830 GRANADA BL	CORAL GABLES GRANADA SEC	5/4	2731	7	$599,000	$563,000	$206
1100 S ALHAMBRA CR	CORAL GABLES RIVIERA SEC	3/2	2039	11	$649,000	$625,000	$307
6500 LEONARDO ST	CORAL GABLES RIVIERA SEC	2/2	2113	48	$675,000	$625,000	$296
4600 SAN AMARO DRIVE	CORAL GABLES COUNTRY CLUB	2/2	2069	39	$679,000	$665,000	$321
5101 MAGGIORE ST	CORAL GABLES RIVIERA SEC	4/3	2930	162	$699,000	$660,000	$225
6868 CORSICA ST	CORAL GABLES RIVIERA SEC	3/3	3129	144	$725,000	$645,000	$206
1009 ASTURIA AV	CORAL GABLES SEC C	3/2.5	2138	8	$749,000	$755,000	$353
5910 MAGGIORE ST	CORAL GABLES RIVIERA SEC	3/2.5	2089	97	$749,000	$730,000	$349
318 RIDGEWOOD	COCONUT GROVE MANOR	3/2.5	2381	28	$750,000	$740,000	$311
427 CATALONIA AV	CORAL GABLES BILTMORE SEC	3/3.5	2769	99	$779,000	$718,000	$259
901 BAYAMO AV	CORAL GABLES RIVIERA SEC	4/3	2790	3	$790,000	$725,000	$260
1801 CORDOVA ST	CORAL GABLES SEC C	5/4	3066	47	$849,000	$765,000	$250
1403 ALHAMBRA CIRCLE # ***	CORAL GABLES SEC E PB 8-1	4/3	3108	11	$850,000	$832,500	$268
1137 SOROLLA AV	CORAL GABLES SEC C	3/3	2541	8	$874,900	$800,000	$315
417 BARBAROSSA AV	CORAL GABLES RIVIERA SEC	4/2.5	3324	60	$925,000	$915,000	$275
630 TIZIANO AV	CORAL GABLES BISCAYNE BAY	3/3	3422	47	$950,000	$880,000	$257
1229 PLACETAS AV	RIVIERA WATERWAYS	4/3	2597	29	$975,000	$910,000	$350
725 TIZIANO AV	CORAL GABLES BISCAYNE BAY	3/3	3016	61	$998,500	$952,000	$316
755 UNIVERSITY DR	CORAL GABLES COUNTRY CLUB	5/4	2830	219	$999,000	$825,000	$292
13637 DEERING BAY DR # 242	Padua	3/3.5	3190	69	$1,068,500	$1,000,000	$313
40 S PROSPECT DR	SANS SOUCI REV & AMD PB 6	5/3	3441	20	$1,099,000	$1,070,000	$311
929 TENDILLA AV	CORAL GABLES COUNTRY CLUB	5/4	2812	46	$1,124,500	$1,000,000	$356
1024 CASTILE AV	CORAL GABLES SEC C	4/3	3236	55	$1,178,000	$1,070,000	$331
501 MINORCA AV	CORAL GABLES SEC B PB 5-1	5/4.5	3138	27	$1,225,000	$1,150,000	$366
1516 GARCIA AV	CORAL GABLES COUNTRY CLUB	5/4	4685	220	$1,246,000	$1,175,000	$251
60 EDGEWATER DR # 3E	The Gables Condo	3/3.5	3100	44	$1,290,000	$1,290,000	$416
13635 DEERING BAY DR # 254	Padua	3/4.5	3630	326	$1,400,000	$1,260,000	$347
13662 DEERING BAY DR	DEERING BAY ESTATES	2/2.5	3532	52	$1,450,000	$1,250,000	$354
1130 ALFONSO AV	CORAL GABLES RIVIERA SEC	4/4	2662	54	$1,475,000	$1,200,000	$451
2508 DE SOTO BL	CORAL GABLES SEC A	5/5.5	4122	86	$1,970,000	$1,762,500	$428
13678 DEERING BAY DR	DEERING BAY ESTATES	5/5.5	5360	839	$2,799,000	$2,500,000	$466
245 COSTANERA RD	COCOPLUM SEC 2 PLAT C	5/5	4411	262	$2,999,000	$2,600,000	$589
727 S ALHAMBRA CR	CORAL GABLES RIVIERA SEC	5/5	5726	108	$3,000,000	$2,450,000	$428
9375 BALADA ST	OLD CUTLER BAY SEC 2	5/4	3779	3	$3,150,000	$2,825,000	$748
200 LEUCADENDRA DR	GABLES ESTS NO 2	8/7.5	8878	280	$9,995,000	$7,500,000	$845
150 ARVIDA PW	GABLES ESTS NO 3	4/4	5530	193	$14,995,000	$12,400,000	$2,242