Perfectly located just South of Kendall Drive and West of Old Cutler Road in Coral Gables, Hammock Lakes has become one of the most desired neighborhoods in Miami. Seventy-seven homes belong to the east side of this unique community while another 55 are accessible through Banyan Drive (the western community). Many of the homes are situated on the two peaceful lakes. Lush foliage and tree canopies line the streets, lending to the tropical ambiance felt within the community. Homesites in Hammock Lakes range in size, but nearly all are an acre or more, and grand homes are neatly tucked away behind all the greenery. Homes are typical of the surrounding areas include a mix of contemporary and traditional Coral Gables style, many with separate guest houses. Because of its central location, large lots, the peaceful lakes, and general sense of privacy, this neighborhood has become a premier place for families to lay down roots.
Adding to its attractiveness, the eastern community has formed a special taxing district and been given approval to install gates at its two entrances. The Old Cutler gate will be remotely operating by fire and police only, while the Kendall Drive entrance will have a manned gate. This has been a topic of discussion for many years, and it is finally coming to fruition as it has been approved by both the city and county. The plan is to install a gate at the Old Cutler entrance this summer and begin constructing the guard house at the Kendall Drive entrance in December. There was an assessment to the homeowners paid last year to cover half of the construction expense, and this November, the second half of the construction assessment will be due. This community is now a special taxing district which covers the cost and ongoing expense of the guard gate. In addition, both Hammock Lakes communities are in a separate taxing district that pays for a roving police patrol for their streets, which will continue to exist after the gates are completed.
Hammock Lakes had been quiet without any sales for the past couple years, but activity has picked up again and homes are selling.
Recent sales include:
4835 Hammock Lake Drive – Sold April 20 for $3,490,000
4900 Hammock Park Drive – Sold March 15 for $2,600,000
Pending sales include:
9050 Hammock Lake Drive
4825 Hammock Lake Drive
Active listings include:
4900 Lake Lane – $9,800,000
5485 Hammock Drive – $4,450,000
8817 Hammock Lake Drive – $3,995,000
For additional information about Hammock Lakes, please contact me at 305.798.8685 or [email protected]