The Real Deal Miami

$2.8M Cocoplum sale sets post-housing crash record

Set new record of $565 per square foot
January 06, 2015 04:30PM

125 Gavilan Avenue in Cocoplum

125 Gavilan Avenue in Cocoplum

The sale of a Cocoplum mansion reportedly set a post-housing crash record for price per square foot in the area.

The $2.8-million sale in Coral Gables’ exclusive neighborhood comes out to $565 per square foot, according to a published report.

Oscar Teran of Avanti Way Realty sold the 4,953-square-foot home at 125 Gavilan Avenue, the Daily Business Review reported.

It has five bedrooms, five bathrooms and was built in 1991. Gustavo and Patricia Pinero sold the house to Patricia Unanue Zapata in December, according to the property appraiser. [Daily Business Review]Katherine Kallergis