2.55-acre lot at 20 Casuarina Concourse in Coral Gables (Source: StreetEasy)
Demand for waterfront property in South Florida is so high that the price for vacant parcels of land is rising along with it, the South Florida Business Journal reported. [more]
An exterior and interior shot of 400 Arvida Parkway
UPDATED, 2:40 p.m., Apr. 1: A sprawling seaside estate in Coral Gables has sold for $11.5 million to Karim Alibhai of Gencom Group, marking the most expensive single-family home sale year-to-date in Miami-Dade county, The Real Deal has learned. Alibhai helms Miami-based hotel and resort developer Gencom, which has built a number of projects under the Ritz-Carlton flag. [more]
460 Marquesa Drive
UPDATED 11:38 a.m. March 27, 2013: A Ramon Pacheco-designed home in Coral Gables’s Old Cutler Bay community has sold for $5.1 million — more than a million less than the original ask, Avatar Real Estate Services, which handled the sale, announced today.
The six bedroom, six-bathroom Mediterranean-style house listed for $6.5 million in 2011 and the selling agents were Nancy Barreto Hogan, Deborah Preston, Brittney Barreto and Laura Barreto, of Avatar Real Estate Services “A-Team.” [more]
Baymere
Baymere, the five-acre former DuPont estate in Coconut Grove, has hit the market asking $22 million. The 33-room residence was built in 1964 and includes a man-made private cove, helicopter pad and putting green. The two-story, 26,981-square-foot house was designed by architect Scott Arnold and includes a full basement and third floor observation deck. Saddy Delgado and Toni Schrager of Avatar Real Estate Services have the listing, which is located at 3500 St. Gaudens Road. — Christopher Cameron
485 Leucadendra in Coral Gables
An eight-bedroom, nine-bathroom home at 485 Leucadendra Drive in Coral Gables has sold for $11 million, according to Avatar Real Estate Services, which brokered the deal. The firm’s Toni Schrager and Saddy Delgado co-listed the property and handled both sides of the transaction. [more]
The South Florida home to see the biggest price cut today is a five-bedroom, four-and-a-half bathroom house at 13500 SW 66th Avenue in the Devonwood neighborhood in Pinecrest, according to data from Condo Vultures Realty. The $2.1 million Miami-Dade County home saw a $600,000, or 22 percent, price cut. It was originally listed for $2.7 million when it hit the market in January. The tri-level home sits on a 31,096-square-foot lot and has open terraces, a gym and a downstairs guest suite. Saddy Delgado of Avatar Real Estate Services has the listing.(Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.) TRD
[more]
9440The
South Florida home to see the biggest price cut today is a nine-bedroom, ten-bathroom
house at 9440
Old Cutler Road in Coral Gables, according to data from Condo
Vultures Realty. The $4.2 million Miami-Dade
County home saw a $750,000, or 15 percent, price cut. It was
originally listed for $6.3 million when it hit the market in July 2008. The 8,660-square-foot home has a staff wing, wine room, as well as
two guest cottages. Toni Schrager of Avatar Real Estate Services has the listing. (Condo Vultures data
includes condos and single-family home listings in the main metropolitan areas
of Miami, Fort Lauderdale,
West Palm Beach and Key West that are priced at $1 million and above,
and that include photographs. Listings are taken from the South Florida MLS.) TRD [more]
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