What $3 Million Will Buy In Coral Gables
Coral Gables has some of the most valuable real estate in South Florida, with a median price per square foot ($423) that is almost twice that of the Miami/Fort Lauderdale area. Average prices over the last five years have risen 43 percent.
To see what $3 million would buy today, we asked four 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.
ON THE WATERFRONT
Address: 13002 San Jose St.
Listing Price: $2,990,000
Specs: 5 bed/3 bath/1 half bath. 3,563 sq. ft. on 16,791 sq. ft. lot
Description: Located on the bay at the southern end of the city in Gables by the Sea, just south of Matheson Hammock. The quarter-acre property in richly landscaped, with 265 feet of water frontage and no bridges to the open bay. Great stone pool, the site can be built new or the house rehabbed.
Listing Agent: Hilda Jacobson (Douglas Elliman), 786.213.4511
A BEND IN THE RIVER
Address: 5343 Orduna Dr.
Listing Price: $3,498,000
Specs: 6 bed/4 bath/1 half bath. 4,559 sq. ft. on 16,791 sq. ft. lot
Description: Just off Dixie Hwy on a bend in the Coral Gables Waterway, near UM and Doctor’s Hospital, this is a modern 1951 two-story, with a huge covered patio, open kitchen, pool with waterfall, upstairs balconies, and really great views down the tropical waterway. Has a rare covered boat house cut into the property.
Listing Agent: Belinda Sime PA (Sime Realty Corporation) 786.344.9579
STATELY GABLES GEM
Address: 3800 Granada Blvd.
Listing Price: $3,300,000
Specs: 7 bed/5 bath/1 half bath. 7,627 sq. ft.
Description: One of those houses you drive by on the way to the Biltmore, and wonder who gets to live there. A 1924 Mediterranean mansion from the early days of the city, on the Biltmore golf course: Renaissance double doors to the great hall, formal dining room, library, sun porches, private wing for residents.
Listing Agent: Drew Kern (EWM Realty International), 305.282.3000
HISTORIC COCOPLUM
Address: 155 Cocoplum Rd.
Listing Price: $3,248,000
Specs: 5 bed/3 bath/1 half bath. 4,624 sq. ft. on 15,000 sq. ft. lot
Description: A historic 1927 Mediterranean with 100 feet of deep-dockage waterfront, with 4 bedrooms, 2.5 bathrooms in the main house, and one bed/one bath in the guest house. Working fireplace, wood beamed ceilings, original plaster walls, large pool, old Chicago brick driveway. Has a rare, small basement. A restoration opportunity.
Listing Agent: Magnus Jennemyr (Select Realty Group), 786.200.8857
