The Real Deal Miami

Today’s priciest new listing

June 10, 2011 05:18PM

480 Arvida Parkway

The priciest new listing to hit the market today is a five-bedroom, four-bathroom house at 480 Arvida Parkway in Coral Gables that’s listed for $6.95 million, according to Condo Vultures Realty. The 4,410-square-foot, waterfront Miami-Dade County home was built in 1966 and can either be restored, or, the listing suggests building a dream home on the Gables Estates lot. Membership in Gables Estates Club is required for purchase, and the application fee is $60,000. Audrey Ross of Esslinger-Wooten-Maxwell has the listing. (Condo Vultures data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale, and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.) TRD