Coral Gables – October, 2017 Market Snapshot Posted on October 11, 2017 by Michael Light The Coral Gables October, 2017 Market Snapshot gives you up-to-date market statistics for real estate in Coral Gables including current properties listed for sale and closed sales in the last six (6) months. If you are considering selling your home or purchasing real estate in Coral Gables, it is important for you to be informed on the current state of the market with regards to price. So, I have compiled statistics from the MLS regarding the inventory of single-family homes that are currently listed for sale in Coral Gables. Below, you will find charts highlighting the percentage of homes that are currently on the market in certain price points and the average price per square foot of these homes currently listed for sale. After looking at what is currently on the market, most people ask “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Coral Gables over the past 6 months, broken down by price per square foot. Coral Gables Single-Family Homes Currently For Sale (as of 10-10-17) Coral Gables Single-Family Homes Currently For Sale – Average Price Per Square Foot (as of 10-10-17) Coral Gables Single-Family Homes Closed Sales – Last 6 Months – Average Price Per Square Foot (as of 10-10-17) If you are interested in buying or selling a home in Coral Gables, or simply would like more information about the current state of the real estate market in Coral Gables, please contact Michael Light, Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Note: The MLS data for the information contained herein was retrieved from the MLS on October 10, 2017.
Thursday Throwdown: Coral Gables vs. Pinecrest Single-Family Homes Posted on August 10, 2017 by Michael Light Coral Gables and Pinecrest are two highly-sought-after, family-friendly cities that both offer beautiful single-family homes, excellent schools, plenty of shopping and a true variety of restaurants. Despite many differences, Coral Gables and Pinecrest share many similar attributes, which is why a lot of families moving to South Florida compare these 2 cities when deciding where to call home. So, let’s look at the numbers to compare how the single-family home market in Coral Gables currently compares to the single-family home market in Pinecrest…numbers don’t lie. Available Waterfront Single-Family Home Inventory At this time, Coral Gables has 72 waterfront single-family homes listed for sale with an average list price of $6,939,114 and an average list price per square foot of $953.55. In Pinecrest, there are presently 12 waterfront single-family homes for sale (canal/lagoon) with an average list price of $1,385,219 and an average price per square foot of $365.66. Coral Gables Waterfront Single-Family Home Inventory Total Waterfront Homes Available: 72 Average List Price: $6,939,114 Average List Price Per Square Foot: $953.55 Pinecrest Waterfront Single-Family Home Inventory (canal/lagoon) Total Waterfront Homes Available: 12 Average List Price: $1,385,219 Average List Price Per Square Foot: $365.66 Available Non-Waterfront Single-Family Home Inventory To date, Coral Gables has 288 non-waterfront single-family homes listed for sale with an average list price of $1,631,904 and an average list price per square foot of $458.94. In Pinecrest, there are currently 206 non-waterfront single-family homes for sale with an average list price of $2,328,442 and an average price per square foot of $410.89. Coral Gables Non-Waterfront Single-Family Home Inventory Total Non-Waterfront Homes Available: 288 Average List Price: $1,631,904 Average List Price Per Square Foot: $458.94 Pinecrest Non-Waterfront Single-Family Home Inventory Total Non-Waterfront Homes Available: 206 Average List Price: $2,328,442 Average List Price Per Square Foot: $410.89 Single-Family Waterfront Homes Closed in the Last 6 Months In the last 6 months, 24 waterfront single-family homes have sold in Coral Gables with an average sales price of $5,098,137 and an average price per square foot of $694.41. Pinecrest has seen only 6 sales of waterfront single-family homes in the last 6 months with an average sales price of $1,430,833 and an average price per square foot of $359.32. Coral Gables Waterfront Single-Family Homes Closed in Last 6 Months Total Waterfront Homes Closed in Last 6 Months: 24 Average Sales Price: $5,098,137 Average Sales Price Per Square Foot: $694.41 Pinecrest Waterfront Single-Family Homes Closed in Last 6 Months Total Waterfront Homes Closed in Last 6 Months: 6 Average Sales Price: $1,430,833 Average Sales Price Per Square Foot: $359.32 Single-Family Non-Waterfront Homes Closed in the Last 6 Months In the last 6 months, 281 non-waterfront single-family homes have sold in Coral Gables with an average sales price of $957,918 and an average price per square foot of $372.54. Pinecrest has seen 94 sales of non-waterfront single-family homes in the last 6 months with an average sales price of $1,380,451 and an average price per square foot of $319.79. Coral Gables Non-Waterfront Single-Family Homes Closed in Last 6 Months Total Non-Waterfront Homes Closed in Last 6 Months: 281 Average Sales Price: $957,918 Average Sales Price Per Square Foot: $372.54 Pinecrest Non-Waterfront Single-Family Homes Closed in Last 6 Months Total Non-Waterfront Homes Closed in Last 6 Months: 94 Average Sales Price: $1,380,451 Average Sales Price Per Square Foot: $319.79 Coral Gables & Pinecrest Single-Family Home Months of Inventory Coral Gables & Pinecrest Waterfront Single-Family Homes Coral Gables: 18 Months of available inventory Pinecrest: 12 Months of available inventory Coral Gables & Pinecrest Non-Waterfront Single-Family Homes Coral Gables: 6 Months of available inventory Pinecrest: 13 Months of available inventory Interested in the South Florida Real Estate Market??? If you, or someone you know, would like more information about the real estate markets in Coral Gables and/or Pinecrest, please contact Michael Light, Director of Luxury Sales at Douglas Elliman Real Estate. You may reach Michael directly at his office at (305) 350-9842, on his cell phone at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Note: The information contained herein was retrieved from the Multiple Listing Service (MLS) on August 9, 2017, and is intended for informative purposes only and, thus, should not be relied upon.
Coral Gables – August, 2017 Market Snapshot Posted on August 4, 2017 by Michael Light The Coral Gables August, 2017 Market Snapshot gives you up-to-date market statistics for real estate in Coral Gables including current properties listed for sale and closed sales in the last six (6) months. If you are considering selling your home or purchasing real estate in Coral Gables, it is important for you to be informed on the current state of the market with regards to price. So, I have compiled statistics from the MLS regarding the inventory of single-family homes that are currently listed for sale in Coral Gables. Below, you will find charts highlighting the percentage of homes that are currently on the market in certain price points and the average price per square foot of these homes currently listed for sale. After looking at what is currently on the market, most people ask “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Coral Gables over the past 6 months, broken down by price per square foot. Coral Gables Single-Family Homes Currently For Sale (as of 8/1/17) Coral Gables Single-Family Homes Currently For Sale – Average Price Per Square Foot (as of 8/1/17) Coral Gables Single-Family Homes Closed Sales – Last 6 Months – Average Price Per Square Foot (as of 8/1/17) If you are interested in purchasing a home in Coral Gables, or simply would like more information about the Coral Gables real estate market, please contact Michael Light, Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Note: The MLS data for the information contained herein was retrieved from the MLS on August 1, 2017
Coral Gables – June, 2017 Market Snapshot Posted on June 15, 2017August 4, 2017 by Michael Light The Coral Gables June, 2017 Market Snapshot gives you up-to-date market statistics for real estate in Coral Gables including current properties listed for sale and closed sales in the last six (6) months. If you are considering selling your home or purchasing real estate in Coral Gables, it is important for you to be informed on the current state of the market with regards to price. So, I have compiled statistics from the MLS regarding the inventory of single-family homes that are currently listed for sale in Coral Gables. Below, you will find charts highlighting the percentage of homes that are currently on the market in certain price points and the average price per square foot of these homes currently listed for sale. After looking at what is currently on the market, most people ask “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Coral Gables over the past 6 months, broken down by price per square foot. Coral Gables Single-Family Homes Currently for Sale (as of 6/13/17) Coral Gables Single-Family Homes Currently for Sale – Average Price Per Square Foot (as of 6/13/17) Coral Gables Single-Family Homes Closed Sales – Last 6 Months – Average Price Per Square Foot (as of 6/13/17) If you are interested in purchasing a home in Coral Gables, or simply would like more information about the Coral Gables real estate market, please contact Michael Light, Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Note: The MLS data for the information contained herein was retrieved from the MLS on June 13, 2017
Coral Gables – April, 2017 Market Snapshot Posted on April 10, 2017August 4, 2017 by Michael Light The Coral Gables April, 2017 Market Snapshot gives you up-to-date market statistics for real estate in Coral Gables including current properties listed for sale and closed sales in the last six (6) months. If you are considering selling your home or purchasing real estate in Coral Gables, it is important for you to be informed on the current state of the market with regards to price. So, I have compiled statistics from the MLS regarding the inventory of single-family homes that are currently listed for sale in Coral Gables. Below, you will find charts highlighting the percentage of homes that are currently on the market in certain price points and the average price per square foot of these homes currently listed for sale. After looking at what is currently on the market, most people ask “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Coral Gables over the past 6 months, broken down by price per square foot. Coral Gables Single-Family Homes Currently For Sale (as of 4/10/2017) Coral Gables Single-Family Homes Currently For Sale – Average Price Per Square Foot (as of 4/10/2017) Coral Gables Single-Family Homes Closed Sales – Last 6 Months – Average Price Per Square Foot (as of 4/10/2017) If you are interested in purchasing a home in Coral Gables, or simply would like more information about the Coral Gables real estate market, please contact Michael Light, Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Note: The MLS data for the information contained herein was retrieved from the MLS on April 10, 2017
Coral Gables Waterfront Home w/Private Nightclub Offered at $4,595,000 Posted on February 25, 2017February 26, 2017 by Michael Light The Miami Luxury Homes Group at Douglas Elliman is proud to introduce our newest waterfront luxury listing, Casa Del Mar, located at 12991 Lerida Street in the heart of Coral Gables. Situated in the desirable guard-gated community of Gables By The Sea, Casa Del Mar is a gated, 2-story waterfront property featuring 4,299 square feet of elegant space with an entertainment deck offering a heated salt-water pool, summer kitchen and 100 linear feet of water frontage with a reconstructed sea wall and 9-foot-deep canal with direct access to the Atlantic Ocean (no bridges)…a boater’s serene paradise! Casa Del Mar Casa Del Mar Pool Casa Del Mar Exterior Back Casa Del Mar 100-Foot Sea Wall This beautiful 4-bedroom 4.5-bathroom home boasts 24-inch marble flooring, 12-foot ceilings throughout, a 14-foot ceiling in the Great Room, a grand staircase with custom crema marfil marble and rod iron railing, imported wooden doors from Brazil, custom Maple cabinetry and woodwork and PGT energy-efficient, impact-resistant windows and 10-foot sliding glass doors throughout. This home also features a gourmet kitchen with granite countertops and stainless steel appliances. Casa Del Mar Kitchen Casa Del Mar Kitchen Overlooking Pool One of the coolest features of the house is that it has a sophisticated club room that directly overlooks the pool deck and the canal. The club room feels like you are in a nightclub, complete with a 6-seat custom bar, double-sink, beer cooler, commercial-grade ice machine, custom lighting, Bose sound system, professional DJ booth and dance floor. Casa Del Mar Private Nightclub The spacious master suite offers a seating area, walk-in closet, separate office, private terrace with water views and a European-style master bathroom with a dual sink vanity with crema marfil countertops, a glass-enclosed rain shower with dual heads, oversized Jacuzzi and a separate wet room with bidet and toilet. Casa Del Mar conveniently offers 2 central vacuum systems, intercom system, 4 A/C zones with temperature, volume and humidity controls in each room, exterior lighting, 9 security cameras and a 2-car, air-conditioned, attached garage with 10-foot garage doors. DOWNLOAD: Casa Del Mar Residence Features Brochure If you, or someone you know, are interested in an exclusive viewing of Casa Del Mar in Coral Gables, please contact listing broker, Michael Light at (786) 566-1700 or michael@miamiluxuryhomes.com.
Coral Gables – February, 2017 Market Snapshot Posted on February 4, 2017August 4, 2017 by Michael Light If you are considering purchasing real estate in Coral Gables, it is crucial for you to be informed about the current state of the Coral Gables real estate market with regards to price. So, I have compiled statistics from the MLS regarding the inventory of single-family homes that are currently listed for sale in Coral Gables. Below, you will find charts highlighting the percentage of homes that are currently on the market in certain price points and the average price per square foot of these homes currently listed for sale. After looking at what is currently on the market, most people ask “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Coral Gables over the past 6 months, broken down by price per square foot. Coral Gables Single-Family Homes Currently For Sale (as of 1/31/2017) Coral Gables Single-Family Homes Currently For Sale – Average Price Per Square Foot (as of 1/31/2017) Coral Gables Single-Family Homes Closed Sales – Last 6 Months – Average Price Per Square Foot (as of 1/31/2017) Up-to-date market statistics is vital information for anyone considering purchasing a home. I want to keep all of my clients informed about the facts of the current market, so I will be publishing a market snapshot, from here on out, every other month for the current inventory of single-family homes in Coral Gables, broken down by average price per square foot. If you are interested in purchasing a home in Coral Gables, or simply would like more information about the Coral Gables real estate market, please contact Michael Light, Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Note: The MLS data for the information contained herein was retrieved from the MLS on January 31, 2017
Featured Listing | Coral Gables Estate in Snapper Creek Offered at $5.399M Posted on August 20, 2016 by Michael Light Miami Luxury Homes is featuring this beautiful 2-story estate located at 10100 Lakeside Drive in the highly-desirable gated neighborhood of Snapper Creek in historic Coral Gables. Situated on a sprawling 1.5-acre corner lot overlooking a serene lake and meticulously-cared-for grounds adorned with stunning 100+ year old trees, this Coral Gables luxury estate offers ultimate privacy and tranquility in a truly picturesque setting. Offering 9,113 square feet of interior space, this charming home consists of 6 bedrooms, 5 full bathrooms and 2 half bathrooms in addition to a gourmet kitchen, elegant dining room with fireplace and a grand master suite with a spa-inspired bathroom. This home is perfect for entertaining as it features ample outdoor space, swimming pool with a poolside terrace and summer kitchen and a beautiful lake with a private pavilion. Location, location, location! This home is located in a friendly, quiet neighborhood in the “City Beautiful,” but is only minutes from all of the hotspot restaurants and shopping in Coral Gables and Coconut Grove, located near the best schools in South Florida, and only 15 minutes from the Miami International Airport. If you, or someone you know, are interested in viewing this luxury estate located at 10100 Lakeside Drive in Snapper Creek, please contact Michael Light. You may reach me on my cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. 10100 Lakeside Drive 10100 Lakeside Drive Backyard 10100 Lakeside Drive 10100 Lakeside Drive Kitchen 10100 Lakeside Drive Kitchen 10100 Lakeside Drive Dining Room