Top Five Coral Gables Real Estate Sales

It is clear that the real estate market has turned the corner and rebounded in a positive direction.  Over the past 90 days, almost 220 properties have sold with a broad spectrum of sale prices ranging from about $200K to well over $3 million.  Coral Gables has some of the most beautiful properties in all of South Florida that offer a perfect combination of old Florida character, updated remodeling, and high-end fixtures and finishes that create elegant homes for those have a strong desire to live the Coral Gables lifestyle.  Following are the top five Coral Gables real estate sales:

190 Edgewater Drive, Baker Homestead, Sale Price:  $3,250,000

This large home, remodeled in 2010, has a contemporary architectural feel to it and is unbelievable.  With over 5,700-square feet, this privately-gated home has everything that a home in this neighborhood is expected to have.  It features walls of impact-resistant glass that showcase beautiful views and mature tropical landscaping.  The recent updates include energy efficient smart home wiring.  There are also private guest quarters, a home office and staff quarters.  From the enormous and incredible chef’s kitchen with Calacatta and Bizazza to the beautiful pool with a private cabana, this is a truly spectacular home.  It took a little over eight months for this home to sell.  Baker Homestead real estate has a great mix of property of condominium units, small bungalow-style homes and large estate homes. 

Coral Gables Homes For Sale

1329 Alhambra Circle, Granada, Sale Price:  $3,200,000

Built in 1925 and remodeled in 2008, this estate home in the heart of Coral Gables features a Spanish-Mediterranean architectural style. With over 8,500 square feet, six bedrooms and six and a half all marble baths, it offers the buyers a true sense of luxury living.  It has a gorgeous large foyer along with a huge and fantastic French Country style kitchen with high-end stainless steel appliances, an office, media and playroom, in-law suite, and large living areas.  High-end fixtures and finishes include Italian impact windows and doors, intricate details like coffered ceilings, marble and wood floors, state of the art alarm system with security cameras, central vac, and more.  Sold in about four months, this home is a true showcase.  Granada is a very popular Coral Gables neighborhood that exudes the essence of old Florida with older homes that have so much character.  Currently, home prices in Granada range from the mid-$300s to almost $2 million.  Granada is close to some of the top golf courses and the Miracle Mile as well as just a short drive to the Miami beaches and Brickell.

231 Costanera Road, Cocoplum, Sale Price:  $2,800,000

This spectacular 5,700-square foot home is reminiscent of a Spanish estate.  With six bedrooms and five and a half baths, this privately gated and features a beautiful foyer with circular staircase as well as formals, a large family room, gourmet kitchen and so much more.  The master bedroom showcases a private sitting area, large custom closets and a spacious master bath.  It sits on a wide and deep canal with a large dock that accommodates a 65-foot vessel.  Offered as an approved short sale, this home was listed and sold within less than two months.   Cocoplum is a neighborhood of multi-million homes many of which are waterfront homes.  It also includes a private yacht club and offers easy access into Biscayne Bay. 

285 Las Brisas Court, Cocoplum, Sale Price:  $2,750,000

Located in exclusive Cocoplum, this 4,865-square foot home features four bedrooms and five and a half baths along with both formals, a wide open family room, eat-in kitchen and more.  Marble and wood floors, impact-resistant windows contemporary fixtures and a brick paver driveway are just some of the extras that make this home spectacular.  It is also situated on a wide canal with a new 56-foot boat dock that adds to its draw.  Listed and sold within about five months, the new owners paid just over 85 percent of the list price.  Cocoplum is a gated community of multi-million dollar homes and has its own yacht club.  Canal front homes have the advantage of easy access to Biscayne Bay. 

Coral Gables Homes for Sale

6840 Sunrise Place, Sunrise Harbour, Sale Price:  $2,650,000

Listed and sold within three months, this contemporary waterfront home is the epitome of luxury Florida living.  Originally built in 1958, this home, located in guard-gated Sunrise Harbour, has been completely renovated and features an open floor plan with beautiful gourmet chef’s kitchen with high-end stainless steel appliance, a Calacatta backsplash and tons of work space for preparing gourmet meals.  Additionally, the details offer a very modern finish with beautiful floors, recessed lighting and tons of windows to let in the natural light.  The back patio area is perfect for the location with a large pool, outdoor living and dining area and a 100-foot seawall and 60-foot dock on a large canal with no bridges to Biscayne Bay. 

Luxury Abounds

In Coral Gables, luxury abounds with some of the most beautiful homes in well-sought after neighborhoods.  The Coral Gables real estate market’s strong comeback is evident by the increase in sale prices for high-end homes as well as the short amount of time from listing to selling upscale homes.  There are over 180 properties listed for sale giving interested buyers lots of opportunities to find exactly what they want.

Top Five Coral Gables Single-Family Homes

At the beginning of the year, we highlighted the top five Coral Gables single-family homes listed for sale.  As the year has progressed and the market has gained some strength so too has this list.  Coral Gables, for the most part, is an upscale community that features wonderful neighborhoods with a variety of homes from classic ‘old Florida’ style homes with tons of character to elegant and beautiful estates in some of the most exclusive communities.  Many local and national celebrities as well as some of the wealthiest people in South Florida choose to live in Coral Gables.

The current Coral Gables real estate market features over 270 single family homes that, for the most part, are priced from about $200K.  The interesting thing to note is that of the total number of homes on the market in Coral Gables, almost 160 of them are priced at $1 million or higher.  With this in mind, here are the top five Coral Gables single family homes listed for sale:

For Sale in Gables Estates

110 Arvida Parkway, Gables Estates, List Price:  $35,000,000

Just pulling up to the entrance of this exquisite estate says everything about this listing.  Its ivy covered columns and tree-lined circular drive leads up to a gorgeous 12,000+ foot Mediterranean home situated on a 1.8-acre bay front lot with more than 200 feet of dockage and a boat lift – not to mention immediate access to Biscayne Bay.  Inside, there are 12-foot ceilings throughout the home with 30-foot ceilings in the living room and foyer.  Other highlights include six bedrooms, nine and a half baths with a separate in-law quarters, a library, exercise room, billiard room, an air-conditioned four-car garage and so much more.  Outside there is lush and tropical landscaping that surrounds the home along with the unbelievable limestone patio and pool area.  On top of all of this, the backyard is perfect for families with children as there is plenty of room to play. 

Cocoplum Real Estate For Sale

4 Tahiti Beach Island, Cocoplum, List Price:  $25,000,000

Living on Tahiti Beach Island is like really living on a Tahitian island.  This enormous 21,000+ square foot home sits on a one and a half acre-lot with a white sandy beach on a private lagoon looking out over Biscayne Bay.  Inside, this enormous home features 10 large bedrooms, a home office, a two-story living room, formal dining room, theater, private elevator, maid’s quarters, and a four-car garage.  The kitchen is simply incredible with a sleek, contemporary design and high-end appliances along with a huge window looking out over the Bay.  The master suite takes your breath away with panoramic views and an enormous, private balcony and an enormous marble spa-like bath.  Outdoors, there is a resort style infinity-edge pool that is adjacent to the private beach on Biscayne Bay.  The outdoor living area is as big as many homes with a full-service outdoor kitchen and living and dining areas.  This is an estate like no other and has so much that it needs to be seen to be believed.  It is probably one of the most exquisite homes in all of Miami-Dade County. Be prepared to be in awe!

9151 Arvida Lane, Gables Estates, List Price:  $18,000,000

In January, this was the most expensive listing in all of Coral Gables.  Located in gated Gables Estates, this gorgeous 15,000-square foot estate sits on a beautiful point lot with unbelievable water views and easy, direct access into Biscayne Bay.  The front of the home features a circular drive and a welcoming entrance.  Because of its location, it features 900 feet of waterfront along with two docks and easy access to Biscayne Bay.  Inside the home, there are eight bedrooms and 10 baths as well as a guest house with two bedrooms and two baths – all with every update and modern convenience imaginable.  Some of the impeccable fixtures and finishes include high cypress ceilings, Brazilian cherry floors and huge floor to ceiling windows.  Other amenities in this estate consist of a two-story library, private observatory and home theatre, this estate rivals most any five-star resort.  Outside, the perfectly landscaped grounds surround a resort-style heated pool and spa, outdoor kitchen with barbecue area, and two-stories of balconies that look out over the beautiful grottos.  There is no end to what this gorgeous estate has to offer…all for less than $20 million. 

601 Leucadendra Drive, Gables Estates, List Price:  $13,495,000

Built in 1982, and contemporary in its architectural design, this 11,700-square foot stone and wood home is perfectly situated on a waterfront lot facing a canal with two ways to get into Biscayne Bay.  Over 1.5 acres of tropical landscaped grounds surround the home as well as private tennis court. Additionally there are 300 feet of waterfront with multiple docks to accommodate various sized vessels.  Inside the home there are huge windows with amazing views from every vantage point, tons of detailed woodwork, limestone flooring, a huge living room with two-story windows and so much more.  The large gourmet kitchen features vaulted ceilings and lots of granite counter space along with custom designed cabinetry and high-end stainless steel appliances.  Along with all of this, there is a great family room and game area with wood carved ceilings and a beautiful and welcoming entry.

Homes For Sale in Coral Gables  

2 Casuarina Concourse, Gables Estates, List Price:  $12,500,000

What can we say about this home?  Interesting is the first word that comes to mind.  The location of the home on a peninsula is one of the best lots in Gables Estates.  Situated on about two acres, it features the most glorious views from every vantage point as well as 580 feet of waterfront making it ideal for yacht owners.  Inside, this unique home needs some modifications and restoration as it resembles of the inside of a large ship.  While it is unique and filled with beautiful details, it takes a little creativity to realize the home it can be especially given its location. 

Extraordinary Real Estate

Coral Gables in and of itself offers some of the most extraordinary real estate in all of South Florida.  These exquisite homes only add exceptional options for those seeking the ultimate in Coral Gables real estate.  With such unbelievable properties, Coral Gables is at the top of the list among the most elite cities in all of Florida.

Most Expensive Coral Gables Homes Sold (So Far) in 2013

With the pendulum swinging in a new direction, Coral Gables real estate is selling at a much faster pace.  This includes the high-end luxury homes in Coral Gables’ exclusive gated communities.  Following are the most expensive Coral Gables homes sold (so far) in 2013:

For Sale in Gables Estates

400 Arvida Parkway, Gables Estates, Sale Price:  $11,500,000

Originally listed for sale in 2011 (not a great time for homes of this caliber), this 13,849 square foot home finally sold in March.  We featured in a January blog as the second most expensive home on the market at that time.  This spectacular gated home features the most exquisite details throughout the entire home.  It is situated on deep and wide canal emulates a European chateau.  In addition, the home offers its owners 180 feet of seawall with direct access to Biscayne Bay which is ideal for mega-yachts.  The entire estate is breath-taking and has a wonderful interior with huge kitchen, tons of living space, and eight bedrooms, 13 baths.  After being listed and removed from the market then re-listed again, it took 322 days to sell the home.

660 Arvida Parkway, Gables Estates, Sale Price:  $9,800,000

This beautiful estate in Gables Estates sold after 428 days on the market. The 6,512 square foot home is situated on 1.1 acres offers its owners the most unbelievable water views. From high ceilings to a wonderful and enormous gourmet kitchen, five bedrooms and seven baths, it is easy to see why this home sold.  The understated elegance abounds.  Outside, the over-sized  resort-style pool sits adjacent to a phenomenal outdoor living area and canal frontage with a seawall and dock with lift.  For yacht owners, this area of Gables Estates offers ocean access with no fixed bridges and open access to Biscayne Bay.  The list goes on in terms of details, fixtures and finishes all without being ostentatious or overdoing it. 

555 Arvida Parkway, Gables Estates, Sale Price:  $7,000,000

Gables Estates is probably Coral Gable’s most exclusive neighborhood and inside is this beautiful Mediterranean style masterpiece.  This 8,500 square foot home sits on a large canal and features a large sea wall and dock that accommodated large yachts and provides easy access to Biscayne Bay and ultimately the Atlantic Ocean.  In addition, there is a perfectly landscaped lawn that surrounds the home and showcases a beautiful over-sized pool.  Inside the home, the living area is open and features beautiful fixtures and finishes expected in a home like this one.  On the market for just a little over seven months, this home sold in 236 days. 

For Sale in Old Cutler Bay

9345 Balada Street, Old Cutler Bay, Sale Price:  $6,700,000

On the market a little over four months, it is no wonder that a home at this level sold so quickly.  Not only is it a Smart home,built in 2006, it is a home that offers details such as beautiful stone and wood flooring, expansive sliding glass walls that open to the dramatic outside, an infinity pool, home theater, two offices, a gym, wine cellar, marvelous gourmet kitchen; private baths in all seven bedrooms. Situated on the water, the trip into the bay is a very short boat ride and makes for phenomenal days on the water.  There is nothing better than this home.  It is the perfect home for families. 

190 Casuarina Concourse, Gables Estates, Sale Price:  $6,172,000

The new owners of this estate spent almost $6.2 million for a main residence with three bedrooms and four and a half bath in addition to a guest house with one bedroom, one bath.  It is a classic Florida waterfront estate with walls of glass showcasing amazing water views and elegant backyard.  One of the best highlights of this gorgeous home is the open-wood beamed ceilings that are elegant and understated.  Other bonuses are the large gourmet kitchen, salt water swimming pool, private dock, lift and 200 feet of seawall.  The canal is wide goes out into open water accommodating large yachts as there are no fixed bridges and easy access to the Bay and the Atlantic. 

More Estates Hitting the Market

The most interesting thing to note is that while a couple of these homes stayed on the market for a bit of time and others sold a little quicker, more estates are hitting the market with much higher list prices.  Coral Gables real estate is filled with gorgeous gated neighborhoods that are home to many beautiful estates and tons of opportunities to buy there. 

Sunrise Harbour - Coral Gables

Coral Gables is one of Miami-Dade's most luxurious cities.  Several neighborhoods like Sunrise Harbour take this luxury to a new level.  As one of the exclusive gated communities, it is filled with gracious estate-size homes.  Sunrise Harbour is a neighborhood that houses only about 80 homes and is an ideal neighborhood for families seeking larger homes in a tranquil location.  The landscaping around the beautiful homes and throughout the neighborhood features lush and tropical trees and plants that are native to this South Florida and offer a true feeling of living in paradise.  

Sunrise Harbour Locale

Situated in the northern portion of Coral Gables, known as "North Gables," Sunrise Harbour is surrounded by other exclusive neighborhoods like Gables Estates, Snapper Creek Lake, Cocoplum, Tahiti Beach, and others.   It is in close proximity to Coconut Grove and all it has to offer as well as well-known sites such as the famed Coral Gable’s Miracle Mile, Fairchild Botanical Gardens, Vizcaya Museum and the area's top public and private schools.  Sunrise Harbour is only a 15-minute drive from Brickell and the Design District and a 30-minute drive from Miami International Airport and the Miami beaches.  

Sunrise Harbour Highlights

Sunrise Harbour features several streets each flanked by deep and wide canals that offer easy access into Biscayne Bay with no bridges.  In fact, the homes situated at the end of the streets face out onto Biscayne Bay.  With only waterfront homes, most feature large docks that accommodate mega yachts and multiple vessels as most homeowners enjoy living on the water and choose to live in Sunrise Harbour because of its location.  This small and close-knit community enjoys the security and safety of living in a gated community that is a little off the beaten path.  

Sunrise Harbour homes offer amenities expected in homes of this caliber.  As an older neighborhood with homes built as early as the late 1960s and early 1970s, it is not uncommon for properties to be purchased only to demolish the current home in order to build a new estate size home with many amenities.  Older homes offer a classic "Florida-style" appeal in their architecture but, for the most part, have been updated or remodeled inside to include gourmet kitchens and high-end fixtures and finishes.  Additionally, residents make the most out of life in such a glamorous and sophisticated neighborhood with extensive outdoor living areas that include outdoor kitchens and resort-like pool areas that open up to the beautiful panoramic views of the Bay.  

Sunrise Harbour Real Estate 

With only about 80 homes in Sunrise Harbour, there are never more than a handful of homes for sale at any given point in time.  Home values range from about $1.5 million to over $10 million mainly depending on the location, size and condition of the homes, and the views.  Currently, there are five Sunrise Harbour properties for sale with list prices falling between about $2.4 million and almost $9 million.  One property is listed for sale at just under $6 million and is a point lot facing out onto Biscayne Bay.  Because the home is much older and dated, the list price is based primarily on the value of the lot.  

Over the past six months, six homes have sold with sale prices between $2 million and just over $4.1 million.  Most homes take about six months to sell on average but because of the size and amounts paid for each home, this is not uncommon.   

A Perfect Coral Gables Neighborhood

When it comes to looking at Coral Gables real estate, Sunrise Harbour is a perfect Coral Gables neighborhood.  It exudes all the class and grace that one at this level must have without the pretense that is found elsewhere throughout the area.  For those seeking an elite community with the safety of being gated and the tranquility of being set back away from all the excitement for which the area is known, Sunrise Harbour real estate meets and exceeds the expectations of anyone interested in this kind of property.