Top New Construction Listings in Coral Gables

Coral Gables real estate is experiencing an uptick in sales and construction.  Luxury home builders are in the process of buying lots and older homes only to destroy them and build lavish estate-style properties.  Several of the top new construction listings in Coral Gables are in established neighborhoods that have sections undergoing major overhauls to make it possible for luxury home owners to live in the heart of the Gables.  Here are several new properties that are under construction or newly built.

10101 Lakeside Drive, Snapper Creek Lakes, List Price:  $7,490,000

Under construction by Hollub Homes in Snapper Creek Lakes, this is an unbelievable home with six bedrooms and seven baths under almost 12,000 square feet.  The plans call for a very contemporary architectural style with beautiful and tropical landscaping.  Everything expected in a modern-built home is in this home.   In addition to being Smart home ready, there is a custom club room with a bar and custom theater as well as a three-car garage.  The gourmet kitchen is large and features high-end appliances, luxury counter tops and custom cabinetry.  Windows in each room are positioned to allow wonderful views of the resort-style pool.  This home has it all and is perfect for any discriminating buyer who insists on the best of everything.  Snapper Creek Lakes is one of Coral Gables most exclusive neighborhoods.  It features a 24-hour guarded gate at the entrance and is ideal for those wanting the utmost security.   Homes listed in Snapper Creek feature list prices starting at over $4 million and climbing to about $10 million.  It offers residents the privacy that the neighborhood residents long to have.   

6400 San Vicente Street, Coral Gables Rivera, List Price:  $3,500,000

This is a beautiful French Country home in Coral Gables Riviera that is under construction (as of October 7, 2013) and expected to be completed by the beginning of 2015.  The plans call for a 5,900+ square foot Mediterranean architectural design surrounded by tropical landscaping that blends well with the already established trees that line the streets in the neighborhood.  Inside, expect to find five bedrooms and six and a half baths in addition to details like built-ins, vaulted ceilings, an elevator, walk-in closets, wood and marble flooring, and so much more.  The large kitchen will have everything a chef wants including high-end cabinets, counter tops and appliances.  Because construction has just now started, the home owners have the ability to customize as they would like as well as buy this amazing property at a pre-construction price.  As construction progresses, the list price will more than likely increase.  Located in an established neighborhood of Coral Gables, the streets are quiet and lined with mature trees. Gables Riviera is filled with older homes that have tons of character and details that are not typically found in new developments.  New construction homes like this one include the intricate details of what we call “old Florida” along with modern conveniences and fixtures.

5817 Riviera Avenue, Coral Gables Riviera, List Price:  $2,689,000

Another brand new construction property is situated on prestigious Riviera Drive. Surrounded by other luxury estate properties, this French colonial home features everything from an elegant, gated entry to high ceilings and perfect lush landscaping.  Most importantly, there are five bedrooms and five and a half baths under almost 5,000 square feet of living space.  One of the best highlights is the truly extraordinary gourmet kitchen.  It features everything from high-end counter tops, custom cabinetry and stainless steel appliances to a state-of-the-art wine cooler and a huge island with even more cabinet space and a large work area.  The home has so many elegant fixtures and finishes that there are too many to mention.  Some of our favorites are the custom details on the staircase, the marble flooring throughout the home, the arched entryways into each room and, of course, the walk-in closets and French doors leading out to balconies and an elegant backyard.  This is a spectacular home in an even more spectacular part of Coral Gables.  It has so much character and a warm atmosphere for everyone calls Gables Riviera home. 

515 Caligula Avenue, Coral Gables Riviera, List Price:  $2,250,000

Here is yet another new construction home in Gables Riviera (see what we mean?).  It is situated on a quiet tree-lined street in one of George Merrick’s historic villages and combines the best combination of traditional and contemporary architecture.  It has a beautiful French Country design with straight lines to give it a modern edge.  The finishes include stone and wood floors throughout the interior along with vaulted ceilings, elegant balconies, a large kitchen with island and high-end appliances and counter tops, over-sized gathering areas and so much more.  This 4,600+ square foot home has five bedrooms, five and a half baths and is smart home ready.  Outside, home owners get the best of Florida with the tropical landscaping that surrounds the pool and poolside gazebo. With an estimated completion date of the first of the year, this is one of the most exquisite homes in the Gables.

Tons of Potential

With so many opportunities to build, rebuild or even remodel, Coral Gables is full of wonderful properties with tons of potential.  Along with newly developed areas and vacant lots in some of the most exclusive neighborhoods along the waterways, there are also older homes on large mature lots in established neighborhoods that can be demolished to build new estates.  

Coral Gables Riviera

Coral Gables Riviera is the kind of neighborhood that appeals to a broad range of homeowners.  From older homes in contemporary and traditional styles to newly constructed Mediterranean estate-like homes, there is definitely a home to fit most needs and desires as well as accommodate buyers looking for a permanent residence, vacation home or investment property.

Coral Gables Riviera Location

As a fairly large neighborhood, Coral Gables Riviera is situated just a short jaunt from Merrick Park, the University of Miami and the exclusive Riviera Country Club.  West of Coconut Grove, the residents of Coral Gables Riviera enjoy spending time shopping, dining and enjoying everything in Coconut Grove.   

Coral Gables Riviera Highlights

Coral Gables Riviera is bound by 72^nd Street to the south and considered by some realtors as part of the Coral Gables Platinum Triangle.  This elite part of Coral Gables is home to some of the most exclusive homes in this stylish Miami-Dade County city.  Considered a waterfront community, some of the homes back up to Coral Gables waterways and provide access into Biscayne Bay while others are surrounded by land and tropical, green foliage.  The waterfront homes have direct access to Biscayne Bay with fixed bridges.  The fixed bridges along the area waterways have 7 to18-foot clearances and accommodate boats 20 to 40-feet.   

For golf lovers, the Riviera Country Club is very close to Coral Gables Riviera making it easy for residents to hit the links.  And families find the neighborhood ideal as it is close to some of the best private and public schools in the entire state. 

Real Estate in Coral Gables Riviera

CoralGables Riviera real estate features some of the most beautiful estate homes in all of Coral Gables.  On that same note, the neighborhood is also home to the quaintest and coziest Florida bungalows that showcase unique characteristics and charm.  One thing that all the homes in this exclusive neighborhood have in common is the care and lush landscaping that surround each and every home. 

Throughout the community, architectural styles vary from classic “old Florida” bungalows built in the early to mid-1900s to newly-built mammoth estates and everything in between them.  Many of the older homes have either been remodeled over the years to incorporate modern amenities and updates or are in need of some tender loving care. 

Because the home values range from just under $500K into the multi-millions, Coral Gables Rivierareal estate appeals to many different buyers.  Currently, there are 46 homes listed for sale with prices falling between $460K and just under $7 million.  There is also a lot for sale in the mid-$300s. 

Recent sales indicate that almost 30 homes have already sold in Coral Gables Riviera since the beginning of 2013 with a wide range of sale prices between $360K for a home in need of remodeling and $3.75 million.  And, more importantly, the average number of days on the market is only 62 days.  The interesting thing to note is that only three of the 28 properties that sold were on the market more than 100 days. 

In terms of Coral Gables Riviera rentals, because there is such a wide range of homes, it is common for investors to seek out investment property in this neighborhood.  For those who go this route, monthly rental rates typically range from about $2,000 to over $9,000. 

A Very Desirable Neighborhood

Coral Gables Riviera is a very desirable neighborhood that appeals to a diverse group of home buyers.  No matter the size or style of home, this is a neighborhood where the residents love where they live and take great pride in preserving the appearance and atmosphere.  It is definitely a top pick in Coral Gablesreal estate.