One of the most types of popular condominium properties is
the “boutique” style condominium. This
term is commonly used in the real estate industry representing a more
exclusive, smaller condominium with fewer units. Real estate buyers tend to gravitate towards
boutique condominiums because of the relaxed atmosphere, lower condo fees due
to typically having fewer amenities and somewhat tighter leasing regulations
within the condominium covenants.
Typically with boutique condominiums, there tend to be fewer units on
the market as property owners lean towards staying put as well.
Coral Gables is an affluent part of Miami-Dade that appeals
to a more buyers who want to step back from the excitement and glitz of Miami’s
more progressive neighborhoods. Boutique
condominiums lend themselves well to tranquility and exclusive nature of Coral
Gables. Here are a handful of highly
sought after boutique Coral Gables condominiums with listings.
Century Village Park,
1650 Galiano Street. Century Village
Park is a gorgeous boutique-style condominium built in 2010 and centrally located
in a beautiful and established part of the Gables that is close to parks, golf
courses, and shopping and dining on the Miracle Mile. With only 41 units on eight floors, Century
Village Park offers residents the choice of a one-story condominium unit housing
one or two bedrooms or two-story townhouse with three bedrooms. The most
appealing characteristics of Century Village Park are its Mediterranean style
architecture on the exterior and the interior details that make this
condominium stand apart from the pack. Fixtures
and finishes on the inside lend themselves to a more high-end residence with
marble and hardwood flooring, elegant baseboard and crown molding throughout
the home and update yet classically styled kitchens and baths. List prices usually start in the upper-$200s
and climb over $500K for single-story condominium units and the mid-$500s to mid-$700s
for townhouses. Investors can expect to
garner anywhere from $2,500 per month for a one-bedroom unit to almost $4,000
per month for a three-bedroom townhouse.
The Nevis, 2650 SW 37th Avenue. Located a mere two miles from the University
of Miami, The Nevis is a nine-story condominium that houses only (41) one or
two-bedroom units. This is an ideal property
for first-time buyers and those who are interested in second or winter homes. Sizes range from just under 800 square feet
for one-bedroom units to over 1,200 square feet for two-bedrooms and feature
updated kitchens and baths along with extended balconies. Amenities include an outdoor pool, assigned
covered parking, 24-hour camera security and a fitness center with sauna. List prices start at about $200K and climb to
the mid to upper-$300s depending on the size and location of the unit.
Villa Calabria, 20
Calabria Avenue. Villa Calabria is a
six-story condominium with only (31) two-bedroom units ranging between 1,200
and 1,400 square feet in size. It is
ideally located just a few blocks from the Miracle Mile as well as area parks
and top golf courses. Units are open and
spacious with updated fixtures and finishes along with extended balconies. Amenities include a well-equipped fitness
center, covered parking and a pool. Currently
there are two listings with list prices falling between the mid to upper-$300s even
into the low-$400s. Annual leases are
allowed but there are none available. This
is an excellent option for those in need of a second home for business or
spending extended time in Coral Gables and south Florida.
Villa Isabella, 322
Madeira Avenue. Villa Isabella is a
boutique condominium in the truest sense of the term with five stories and only
29 units with one or two bedrooms. Built
in 2004, it is a standout condominium with its unique Mediterranean architecture
that is very common in this part of Miami-Dade. It features beautifully
finished residences updated kitchens, spacious bedrooms and living areas along
with an elegant balcony. List prices
fall from the upper-$200s to upper-$300s depending on the size and location. Square footage ranges between about 750 and
just over 1,500 square feet. As for
amenities, there is a gym as well as a beautiful roof top terrace, assigned
parking and a secured entrance. Villa Isabella is centrally located within
walking distance to the Miracle Mile and other areas that are very popular with
Gables residents. There is only one unit
listed for sale which speaks to its popularity.
As for rentals, annual leases are allowed with rental rates typically
falling between $2,000 and $3,000 per month.
Villa Zamora, 118
Zamora Avenue. Unlike many other
boutique Coral Gables condominiums, Villa Zamora is ideal for home buyers
interested in second or vacation homes as each property owner receives a
complimentary membership to the Biltmore Hotel.
In terms of what is featured at Villa Zamora, amenities are similar to
those in upscale condominiums and include 24-hr security cameras, covered parking,
gated entry, a private elevator lobby, full-size washer and dryer, and impact
glass windows. Inside each residence,
owners have a spacious kitchen with granite counter tops, stainless steel
appliances and custom cabinetry, an open living area, full laundry room, a
large bedroom with double vanity master bath and so much more. List prices range from the low-$500s to
mid-$600s. Rental rates typically fall
between about $2,500 and $3,200 per month with two rentals allowed each
year.
Offer Lower Condominium Fees
Boutique condominiums are very popular in South Florida
especially in Coral Gables. They offer
an exclusive atmosphere where everyone knows everyone in the building with a bonus
of lower condominium fees. The key to
being lucky enough to purchase a property in a boutique condominium is to grab
it before it is gone as they sell quickly.
