What $2.5 Million Will Buy in Coral Gables
Coral Gables Real Estate
The Coral Gables market for single family homes continues to be robust, as demand grows from families looking to relocate from the Northeast or locally from condominiums in Brickell high rises. That demand has sent prices skyward. According to Redfin, the median sale price of a Coral Gables home rose 39 percent last year, to reach $895,000, while the average price per square foot rose almost 15 percent to $410. To see what $2.5 million would buy today, we asked three real estate agents to submit one of their homes for sale in that price range – give or take a few hundred thousand dollars. Here is what they came up with, in different Gables locations.
Modern Living
11050 Tanya St.
Listing Price: $2.6 million
4 bed/3 bath/1 half bath/pool 4,711 sq. ft.
With soaring ceilings, loft family room with fireplace, oblique angles and huge windows, this light-filled home is located in the gated community of Hammock Oaks, adjacent to Fairchild Tropical Botanic Gardens. Amenities include a seven-car garage and a private boat dock directly across the street. Built in 1989, but feels very 21st century. Listing Agent: Audrey Ross (Compass) 305.206.4003
On Granada Golf Course
751 N. Greenway Dr.
Listing price $2.595 million
5 bed/4 bath/1 half bath/pool. 4,390 sq. ft.
This historic property – constructed in 1923 – is the eighth home that was built in the city. It was completely renovated in 2005 with new plumbing, electric, roof, impact windows and a chef’s kitchen. Overlooking the Granada Golf Course, it has a coral stone fireplace and guest house. Available for the first time in 43 years. Listing Agent: Judith Zeder (Coldwell Banker Realty), 305.613.5550
Islands of Cocoplum
199 Caoba Ct.
Listing price $2.75 million
5 bed/5 bath/2 half bath/pool. 5,696 sq. ft.
Located in the gated Cocoplum community, this designer-built home has a living room with fireplace and vaulted ceilings, and a kitchen with underlit marble tops, custom wood cabinetry, and all Viking and SubZero appliances. There is also a guest house with bed and bath, and a backyard gated entry to Green Park. Listing Agent: Tere Shelton Bernace (Shelton & Stewart Realtors), 305.607.7212
