Paraiso Bay – The Icing on the Cake in the Edgewater Neighborhood

With several projects underway or about to begin, Paraiso Bay appears to be the icing on the cake in the Edgewater neighborhood.  Construction is set to begin in the next few months which will produce the most unbelievable masterpiece along Biscayne Bay that will only add to the draw towards Miami real estate. 

Paraiso means paradise and is the perfect description for Paraiso Bay.  Set on five acres, there will be two, 53-story towers with approximately (345) units offering a combination of  one, two, three and four-bedrooms in residence sizes ranging from just over 900 square feet to almost 2,500 square feet.  Every residence has gorgeous bay views as there are only a maximum of seven units on each floor lined up across the building.  Along with the majestic towers, there will be a beautiful public park and beach.

Paraiso Bay Location

Situated in revitalized Edgewater, Paraiso Bay will be located on the directly on Biscayne Bay.  Up until the past few years, Edgewater was considered one of the more questionable Miami neighborhoods but has since been the focus of a strong campaign to reinvent the area to a trendy part of the city.  More and more retailers and restaurants are setting up shop in Edgewater as well as the addition of more high-rise and mid-rise condominium projects. 

Edgewater sits in very close proximity to other popular areas like the Design District, Brickell and the Wynwood Arts District not to mention being close to other parts of Miami such as South Beach which is just across the Tuttle Causeway, a few blocks north of Paraiso Bay and the Miami International Airport just 15 minutes away. 

The Plans for Paraiso Bay

Under development by Jorge Perez and the Related Group, Paraiso Bay will be an unbelievable community.  The five-acre property’s plans calls for two huge residential towers and a Bay front park with a playground and more.  The best feature is that Perez has pulled off the ultimate coo by permanently closing 31^st Street to accommodate the property. 

Once again, Perez is tapping Arquitectonica to handle the architecture of the property.  As for interior design, United Design of London will create a beautiful interior while Enzo Enea handles the landscaping. 

Amenities at Parasio Bay

Amenities at Paraiso Bay entail so much.  From private elevators for each unit to an enormous pool deck elevated 40 feet and encircling a 100-foot diameter “lagoon” style pool facing Biscayne Bay, Paraiso Bay has everything.  Other features include an outdoor massage area and spa, a state-of-art fitness center, a half-acre park with playground, exercise area, walking paths and sculptures by artists from the National Young Arts Foundation, and so much more.  Other amenities at the base of each tower are under consideration.

Each residence unit will be decorator-ready and face Biscayne Bay with amazing views of South Beach with a flow-through design, Subzero and Bosch high-end appliances, European-style kitchen cabinets, nine-foot ceilings, faceted glass railing balconies and more. 

Real Estate at Paraiso Bay

While still in the pre-construction phase, the units will offer one, two, three, and four-bedrooms at Paraiso Bay.  The plans suggest that each floor will have seven units with penthouses on the upper floors.  Until construction begins, buyers can put down deposits as a reservation to hold a unit until they go to contract. 

Following is a list of the premium units available:

Unit	type	Sq.Ft.	Price	View
2608	1 BE/ 1.5 BA	919	$473,900	NW corner
3108	1 BE/ 1.5 BA	919	$497,900	NW corner
4108	1 BE/ 1.5 BA	919	$518,900	NW corner
4608	1 BE/ 1.5 BA	919	$533,900	NW corner
4808	1 BE/ 1.5 BA	919	$536,900	NW corner
4207	1 BE/ 2 BA + DEN	1004	$623,900	NE corner
4807	1 BE/ 2 BA + DEN	1004	$626,900	NE corner
2902	1 BE/ 2 BA + DEN	1062	$610,900	E
3702	1 BE/ 2 BA + DEN	1062	$618,900	E
4002	1 BE/ 2 BA + DEN	1062	$627,900	E
4502	1 BE/ 2 BA + DEN	1062	$653,900	E
3206	2 BE / 2 BA + DEN	1244	$728,900	E
3506	2 BE / 2 BA + DEN	1244	$737,900	E
3906	2 BE / 2.5 BA + DEN	1244	$754,900	E
3805	2 BE / 3 BA + DEN	1322	$783,900	E
3301	4 BE / 4.5 BA + DEN	2246	$1,360,900	SE corner
4301	4 BE / 4.5 BA + DEN	2246	$1,410,900	SE corner

As for deposits, there is a tentative payment schedule:

• 10% with Reservations
• 10% at Contract – December – January 2014 (tentative)
• 10% at Groundbreaking (mid-2014) 
• 10% at Completion of Floor 10 – Around the End of 2014
• 10% at Top Off – mid-2015
• 50% at Completion mid-2016

Paradise in Miami

Paraiso Bay, once completed, will be paradise in Miami for everyone who lives there.  Edgewater is being transformed into one of Miami’s top neighborhoods with Paraiso Bay offering some of the best Miami real estate. 

The Urban Villas at the Grove – An Enclave of Exclusive Luxury

Talk about a crème de la crème community!   The Urban Villas at the Grove is the embodiment of exclusive luxury with only four large townhouses situated in the tiny enclave.  Situated in a part of Coconut Grove where small townhouse communities are becoming the norm, the Urban Villas at the Grove adds to the revitalization of Coconut Grove real estate in the area.  Under construction, completion is tentatively set for early 2014 for the three-bedroom, two-and-a-half bath homes.

Location

The Urban Villas are located in the center of Coconut Grove with parks and other Coconut Grove highlights within walking distance or a really short drive.  Coconut Grove has a lot of history as it is the oldest continuously inhabited city in Miami-Dade County.  It is adjacent to Coral Gables and only about 15 minutes from Brickell and Downtown Miami. 

Amenities of the Urban Villas at the Grove

Contemporary elegance is the perfect description of the Urban Villas at the Grove.  In an area of Coconut Grove where the classic Mediterranean architecture is the character of most of the surrounding homes, the Urban Villas stand apart from the rest with sleek lines and an modern appeal.  There are high ceilings, formal living and dining rooms, and the finest details throughout the each home.  The two- residences feature three bedrooms and two-and-a-half baths and upper floor balconies.  The master is large and includes a master bath with dual sinks, spa tub & shower, and a bidet. The gourmet kitchen is large and has stainless steel appliances, granite counter tops, and beautiful contemporary custom cabinetry along with a center island. Outside, each home has a pool with a covered patio and deck as well as tropical landscaping, electronic security gates and more.  Along with the one-car garage, there is room for additional parking.

Real Estate at the Urban Villas at the Grove

Each residence in this exclusive enclave encompasses 3,800 square feet of living space.  With the Urban Villa's scheduled completion in early 2014, each is listed at $699,000.  Real estate list prices and home values in the immediate vicinity vary with some starting as low as the mid-$200s for older, smaller properties in need of major overhauls to over $700K for newly constructed homes within a few blocks. 

Bringing a New Appeal to an Established Area

The Urban Villas at the Grove is bringing a new appeal to an established area in Coconut Grove.  These townhouses convey a contemporary flair that adds a sense of beauty and sophistication.  Coconut Grove real estate offers some of the most exclusive and sought after properties in all of Miami-Dade as well as Florida.  With more and more projects in the works, this part of Coconut Grove is getting a wonderful makeover. 

What $500K Buys in Downtown Coral Gables

Coral Gables has a lot of real estate options throughout the city from quaint classic bungalow style homes in established neighborhoods to condominium properties with amazing views all around to exclusive gated waterfront communities.  While these properties comes a broad spectrum of list prices that climbs into the multi-millions, there are many properties available at much more affordable list prices.  Following is a list of what $500K buys in downtown Coral Gables real estate.

918 Fernandina Street, Coral Gables Granada, List Price:  $500,000

This classic Florida home with beautiful old Spanish architecture is located just blocks from the exclusive Country Club Prado.  Recently painted, it features tons of character with hardwood floors, arched doorways, and a perfect backyard to accompany it all.  Other fantastic features include a great kitchen with stainless steel appliances, granite counter tops and back splash, large bedrooms with updated baths, a large bonus room and large closets.  On top of all of this, the detached garage has tons of shelves and a tile floor and a brick-inlay driveway and sidewalk that flow through perfect tropical landscaping.  This is a great home in an even better neighborhood. 

1570 Sopera Avenue, Coral Gables Country Club, List Price:  $515,000

Situated just a few blocks from the Biltmore Golf Course, this 1,700+ square foot home has three-bedrooms, two baths, and a powder room.  The updated kitchen has granite counter tops, stainless steel appliances and beautiful contemporary cabinetry.  There is also a great entertaining area along with a large living room and exquisitely updated bathrooms.  Located on a corner lot, it also features a one-car garage and a retaining wall around the side of the home with mature trees and landscaping along with a brick inlay sidewalk. 

1300 Ponce de Leon Boulevard, 1300 Ponce, List Price:  $520,000

Not only are single family homes priced around $500K, there are also luxury properties in some of Downtown Coral Gable’s nicest condominiums.  Close to everything including Merrick Park and the shopping and dining along the Miracle Mile, this offers beautiful views of Coral Gables and all the way to Brickell and Downtown Miami.  Inside there is a wonderful kitchen with granite counter tops, stainless steel appliances and custom cabinetry.  Bedrooms are large and the baths are luxurious with marble counter tops.  Community amenities include an outdoor pool with a large sun deck, two parking spaces, and a fitness center along with security and concierge.

1111 Columbus Boulevard, List Price:  $523,000

This wonderful home in Granada has that old Spanish style that is so prevalent in downtown Coral Gables.  It has been updated with modern features including a phenomenal gourmet kitchen that combines the best of old and new from the beautiful wood beam ceilings to the high-end appliances including a Viking gas range with two ovens, six burners and a griddle, a JennAir refrigerator and dishwasher, and a Uline beverage center and custom island with sink.  There are so many more upgrades like an arched Honduran wood door, slate tile entry, and original oak floors.  Outside is a tropical paradise with a delightful patio under the palms and a custom pond nearby. 

101 Sidonia Avenue, #105, Villa Florini, List Price:  $528,000

This is a large three-bedroom, two-bath unit in Villa Florini in the Douglas neighborhood.  Close to shopping and dining, this is a large property of almost 1,600 square feet situated on the first floor with an open floor plan that is perfect for entertaining.  The kitchen is open and has granite counter tops and stainless steel appliances while the master bedroom is large and has a master bath with a Jacuzzi tub and shower.   There is also tons of closet space, a nice balcony for enjoying the Florida sunshine, a nice gym, and two assigned parking spots. 

Affordable Luxury in Downtown Coral Gables

With so many properties being listed, those wanting to buy can easily have affordable luxury with Downtown Coral Gables real estate.  No matter the type of real estate wanted, downtown Gables is worth consideration as so many homes and condominium properties have been updated with modern fixtures and finishes.  Coral Gables is a fantastic part of Miami-Dade and continues to grow in popularity.  

Top Five Newest Coral Gables Condo Listings

Since the beginning of the year, Coral Gables real estate owners are listing their properties without as much hesitation. There are so many gorgeous residences in some of the finest Coral Gables condominiums.  Every day, more and more listings come available.  Following are the top five newest Coral Gables condo listings (listed within the past three days): 

60 Edgewater Drive, Unit 12A, The Gables Club, List Price: $3,755,000

The floor plan of this listing says it all.  With 4,500+ square feet of space, large rooms, and tons of high end fixtures and finishes, the rarely listed A-line unit is the ultimate in luxury living.  Once you get past the amazing, panoramic views of Miami Beach, Downtown and Biscayne Bay from the three large terraces and walls of windows, you will see everything this home offers.  The huge chef’s kitchen features granite counter tops, a tile back splash, and contemporary custom-designed cabinets while the bedrooms offer unbelievable custom walk-in closets and beautiful private baths.  The master bath is a sight to behold with marble counter tops and floors as well as an enlarged shower with bench and separate vanities.  Along with the main private elevator and entry, there is a second private service elevator as well as service entrance.  The large laundry room features a utility sink and cabinets for storage. Other extras include two parking spaces and additional storage in the garage.  This is a gorgeous residence in a premiere Coral Gables condominium.

For Sale at the Gables Club

1805 Ponce de Leon Boulevard, #1500, Ponce Tower, List Price:  $949,000

Ponce Tower is a beautiful condominium just off the Miracle Mile.  This 2,200-square foot top-floor penthouse has three bedrooms, three baths and a den along with three huge terraces that have wrought iron detail.  The 11-foot ceilings give an open atmosphere with plenty of space.  The kitchen features granite counter tops, custom cabinetry and more. Additionally, residents enjoy security, concierge, covered parking, a pool, fitness center, a well appointed lobby and more.  With spectacular views of Biscayne Bay and downtown Coral Gables, this is definitely a gracious residence in a top Coral Gables condominium. 

For Sale at Ponce Tower

100 Andalusia Avenue, #412, Andalusia Condo, List Price:  $440,000

Located in a luxury boutique condominium in the heart of Coral Gables, this two-bedroom, two-bath residence features wood and marble flooring and a spacious kitchen with stainless steel appliances, granite counter tops and raised breakfast bar, and modern cabinetry.  The master bedroom has a private balcony that showcases beautiful views.  Other extras include a washer and dryer and community amenities like 24-hour concierge, security, fitness center, game room and on-site manager along with a serene outdoor garden with fountains, a community pool and a welcome environment for pets.  Andalusia Condo is within walking distance to the shops and restaurants along the Miracle Mile and a short distance from area golf courses and resorts. 

For Sale at Andalusia Condo

2030 Douglas Road, #712, The Minorca, List Price:  $390,000

Recently remodeled, this two-bedroom, two bath unit in The Minorca features an open floor plan with tons of natural lighting.  It also has a wonderful kitchen with contemporary custom cabinetry, granite counter tops and high-end fixtures.  Other features include arched entry ways, hardwood floors, and large baths.  Common areas offer a wonderful outdoor pool with pool deck, state of the art fitness center, and a large putting green and reserved parking.  Within walking distance to the shops and restaurants on the Miracle Mile, this is truly a great investment in one of Coral Gables best buildings. 

For Sale at the Minorca

10 Aragon Avenue, #820, Ten Aragon, List Price:  $379,000

The location does not get much better than at Ten Aragon.  Located within walking distance to the shops and restaurants on the Miracle Mile as well as the Village at Merrick Park, this two-bedroom, two-bath unit features a large, updated kitchen with granite counter tops and a private balcony with southern views of Biscayne Bay.  Additionally, the master bedroom has a private bath and walk-in closet.  Community amenities include a fully-equipped fitness center, outdoor pool with lounging terrace, beautiful common areas, enclosed and secure covered parking with additional spaces, and so much more. 

For Sale at Ten Aragon

Many More Opportunities

In addition to these listings, there are many more opportunities to buy real estate in a Coral Gables condominium.  The real estate market is firing up as the year progresses.  With more and more properties being listed, the pendulum has definitely begun to swing in the other direction.  

Antilla Coral Gables -- Coral Gables Newest Boutique Condominium

As the Coral Gables real estate market heats up, developers are diving back in the water with several new projects in the works.  One of these new residential projects is Antilla Coral Gables.  With a projected start date of early 2014 and completion 12 months later, this gorgeous five-story boutique condominium will house only 32 residences. 

As the developer of the project, Vara Development is enlisting assistance from Bellin & Pratt Architects for the design of the building as well as Azul & Company for the interior design and furniture in the common areas.  Azul is well known for the interior design of Trump Hollywood, Apogee Beach and other luxury condominiums while Bellin & Pratt is the architectural genius behind many of Coral Gables’ residential condominiums and commercial properties. 

Location

Located at 20 Antilla Avenue, in the heart of Coral Gables, Antilla Coral Gables will be situated on a tree-lined street that is only blocks from the Miracle Mile making shopping and dining just a short walk away. Its location is ideal for golfers as several of Coral Gables top golf courses are just a five minute drive away.  Additionally, the Miami International Airport, Historic Coconut Grove and Brickell are all less than 15 minutes away. 

Amenities

For residents of Antilla Coral Gables, community amenities are abundant.  Some of them include an elegant and modern lobby, a fully-equipped fitness center, a rooftop resistant pool and a semi covered terrace with summer kitchen and barbeque area, assigned, covered parking for each residence, high speed elevator and more. 

Inside each residence, wide open living areas, kitchens with custom Italian cabinetry, quartz counter tops and stainless steel appliances, high-impact windows and doors, and a large balcony are only some of the interior features.  The building’s design showcases beautiful city views of Coral Gables from all vantage points.

Real Estate at Antilla Coral Gables

The residences at Antilla Coral Gables will feature two and three-bedroom residences with large balconies that range in size from just under 1,400 square feet to almost 2,000 square feet.  In addition, some of the two-bedroom units will include an extra den. 

Preconstruction pricing falls between the high-$300s and high-$500s.  Because the condominium will be very “renter friendly,” Antilla Coral Gables will be an excellent opportunity for investors.  The preconstruction payment structure is as follows:

• 10% at Reservation
• 10% at Contract
• 10% at Ground Breaking
• 20 % at Top Off
• 50% at Closing

A Perfect Addition to the City Beautiful

Coral Gables pre-construction projects are on the rise.  Antilla Coral Gables will be a perfect addition to the “City Beautiful” with its Mediterranean style.  With only 32 units, this will definitely be an exclusive Coral Gables condominium.  As construction nears, more details will become available. 

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.