Condos or Townhouses? What $2.5 Million Will Buy

December 2019

Coral Gables has some of the most valuable real estate in South Florida, with a median home value of $753,800 – more than twice the median home value for Miami-Dade County as a whole ($302,600). While most of the housing is single family homes, there are a growing number of mid-rise and townhouse options for those who want to downsize – or live closer to urban culture. To see what $2.5 million would buy today, we asked three real estate agents to submit homes for sale in that price range – give or take a few hundred thousand dollars. Here is what they came up with.

Next Door to the Biltmore

1228 Anastasia Ave.

Listing Price: $2.468M

4 bed/4bath/1 half bath/Garage/2,791 sq. ft.

Soon completed Villa Biltmore boutique condo (just 11 units) on the Biltmore Golf Course, with stunning views of the close by, iconic Biltmore Hotel. Private elevator and three car spaces in garage add to the ease of living – an Italian Veneta Cucina kitchen with Wolfe/Sub Zero appliances also helps. Dipping pool and deck for residents. Listing Agent: Tero Shelton Bernace. 305.607.7212 (Shelton and Stewart Realtors).

Urban Townhouse

2517 Anderson Rd. #5

Listing Price: $2.59M

4 bed/4 and 1/2 bath/Garage/3,781 sq. ft.

Located in the residential area of Biltmore Square, this handsome Georgian-style townhouse is two blocks from the Granada Golf Course, four blocks from Publix, and walking distance to the shops and restaurants of downtown. A spacious interior courtyard, 4-car garage, elevator, and generator-backed smart system add to ease of urban living. Listing Agents: Anniella Tabraue, 305.302.2441; Bernadette Lemoine, 786.301.5181 (ONE Sotheby’s International Realty).

Midrise Water Views

10 Edgewater Drive #7E

Listing Price: $2.349M

3 bed/3 and 1/2 bath/2,960 sq. ft.

Part of the Gables Club, this high-rise unit has excellent views of the water and/or city from every room. Lots of light with floor-to-ceiling glass doors and windows. The Master Suite has two bathrooms, walk-in closet and balcony. Venetian plaster and floor lighting supply design details throughout. Listing Agents: Judy Zeder, 305.613.5550; Nathan Zeder, 786.252.4023 (The Jills Zeder Group, Coldwell Banker Residential Real Estate)