What Will $1.5 to $2 Million 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 $1.5 to $2 million would buy today, we asked four real estate agents to submit one of their homes for sale in that price range. Here is what they came up with, in different Gables locations, give or take a few hundred thousand dollars.
GABLES NEAR THE GROVE
Address: 441 GERONA AVE.
Listing Price: $1.995M
Specs: 5 bed/4 1/2 bath/pool. 3,842 sq. ft. on 22,750 sq. ft. lot
Description: A half dozen blocks from Merrie Christmas Park, in that slice of Gables opposite deepest Coconut Grove, this 2005 house has marble and cherry wood floors, 2-story ceilings in the foyer and dining room, and a 2-car garage. Also, an eat-in kitchen with breakfast bar, and first floor bedrooms with en-suite bathrooms ideal for guests.
Listing Agents: Lani Kahh Drody and Lauren Dowlen (Lowell International Realty). 305.540.5420
NEW HISTORIC GABLES
Address: 801 NAVARRE AVE.
Listing Price: $1.849M
Specs: 5 bed/5 bath, pool. 4,526 sq. ft.
Description: Located off Alhambra Circle near the Granada Golf Course and Coral Gables Country Club, this house was built in 2005 in classic Mediterranean style. It has high ceilings, Jerusalem stone floors, an eat-in kitchen with beamed ceiling, and a dramatic foyer entry. Master suite has his and hers walk-in closets, Jacuzzi tub. Four bedrooms include en-suite baths.
Listing Agent: Audrey H. Ross (Compass Florida LLC) 305.661.4003
WATERFRONT TOWNHOUSE
Address: 4807 University Drive
Listing Price: $1.795M
Specs: 4 bed/4 bath/1 half bath, pool. 3,451 sq. ft.
Description: Ocean access, near UM and walkable to the Riviera Golf Course, this townhome with private dock and private garage has travertine floors, a gourmet kitchen with leathered granite countertops, and an elevator. The master suite has a sitting room, hardwood floors, and balcony overlooking waterway. The master bath has Carrera marble and double sinks.
Listing Agent: Gloria Arango (Coldwell Banker Residential Real Estate) 305.951.5245
CORNER LIGHTNESS
Address: 6600 MAYNADA ST.
Listing Price: $1.499M
Specs: 4 bed/3 bath, pool. 3,113 sq. ft.
Description: This is a recently renovated contemporary home on a corner lot, with an open floor plan that includes lots of sunlight and a high, vaulted wooden ceiling over the family room and living room, looking on to a pool. Good school district, quiet street, close to UM and to the shopping nexus of South Miami.
Listing Agent: Jo-Ann Forster (ONE Sotheby’s International Realty) 305.778.5555
