Luxury Miami Real Estate

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550 South Dixie Highway

Coral Gables, FL 33146

Cell: 305-798-8685

Office: 305-960-5330

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Archive for the 'Coral Gables Real Estate' Category

The $2-4 Million Market in Coral Gables This Spring

I wanted to get back to my analysis of the Coral Gables market and had left off after reviewing the under $1,000,000 market and the $1,000,000-$2,000,000 market. I pick up with the $2,000,000 to $4,000,000 market. The high end market always has lower numbers than the lower price ranges for obvious reasons, but the Facts and Trends reflects that the Gables market in this bracket has increased their inventory by 28% from the same months last year.


This increase in inventory is met with a decrease in sales by 30% from last year and an increase in pending sales by 12.5%. This increase in pending sales bodes well for future months, because it will translate into more sales and shift these numbers slightly. Either way, it is hard to ignore the fact that with 114 current listings in this price range and 4.33 selling on average per month, we have over 26 months of supply.

Please don’t hesitate to call or e-mail me if you have any questions about this information or any other real estate needs.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, Berkshire Hathaway Home Services EWM Realty.

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The Under $1,000,000 Market in Coral Gables this Spring

Following up on my blog last week about the Coral Gables market, I am attaching a few different charts that show the state of the market for single family homes under $600,000, from $600,000-$800,000 and one from $800,000-$1,000,000.

As you might expect, the lower price range has less supply than the more expensive homes at 6 months supply. Even this market, however, has experienced a 41% increase in inventory since this same time last year. The good news is there has also been a 31% increase in sales in this market.


The $600,000-$800,000 market is carrying its same supply as last year with 7 months, but has seen an 8% decrease in sales. This represents 12% of the overall inventory and 26% of the sales.


And finally, the $800,000-$1,000,000 market has seen inventory grow from 5 months supply to 8 months with a 26% reduction in sales. This range represents 11% of inventory and 19% of sales in Coral Gables.

As the price of the homes increases, we have continued to see inventory also increasing and sales decreasing. This information helps show how important it is to price correctly in this market. The under $1,000,000 market represents 64% of all sales in Coral Gables.

Please don’t hesitate to call or e-mail me if you have any questions about this information or any other real estate needs.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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$1-2 Million Market in Coral Gables

I am going to start providing weekly analysis again on the market in Coral Gables. We have a great tool called Facts and Trends, which allows us to input parameters and see the results in a number of different charts.

The first market I am looking at are the Coral Gables single family homes priced between $1,000,000-$2,000,000. This market has been fairly strong, but you can see from the chart below that the inventory has fluctuated in the past year and is at its highest right now. Our inventory has increased since the same quarter last year by 4%. Sold homes in this quarter versus the same last year are down 24% and pending homes are down by 36%.

Interestingly, the price per square foot shows a slight uptick from $408 to $423, yet the months of inventory based on closed sales sits somewhere from 11-15 months. People will tell you a balanced market is a 6 month’s supply. This information affirms that it is, in fact, a buyer’s market.

The charts do not give us the whole picture, but shows the trends. The fact is, there are buyers out there and they are making offers. Often the sellers expect a little more than what the buyer is willing to offer. I am not saying that a seller in this market needs to consider a low ball offer, but we do need to differentiate in a realistic offer and one that is too low. I would venture to say this is what has slowed our market down and lowered our pending and sold numbers.

If you are selling in this market, really take the time to evaluate what other homes in your market have sold for before just responding that you would never consider the offer before you.

Please feel free to contact me if you are looking to buy or sell or just want advice on what is happening in this ever-changing market.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Guest Post: Gables Renovation Update

Hey readers, this is Ashley’s assistant Lillian giving you an update on my renovation! I have lost count of which week of the bathroom/closet redo we are in, but I think it has been about 7. The good news is that we passed our first inspection (plumbing) with flying colors, and we actually have wall framing going in. The bad news is that I do not see an end in sight, although my contractors swear that they will finish . . . someday.

I have to say that being a homeowner contractor has not been too hard so far. It helps that I have a great team working at the house, all of whom do wonderful work and are extremely trustworthy. They are carefully following the approved plans, so even though I am still living in dust and debris, at least we are progressing. My fear is not passing an inspection and having to have them redo the work, but so far we have not had any reason to regress.

I think that my next inspections are plumbing (for the piping that is going through the walls) and electrical. Keep your fingers crossed that we continue to make progress!

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Tax Refugees and Private Schools in Miami

Photo from visitflorida.com
A friend recently sent me an article from BusinessInsider.com that took a look at the so-called “tax refugees” that are moving to Miami for our tax breaks. The ramification that the article discussed was the uptick in applications for our city’s elite private schools. Palmer Trinity, Miami Country Day School, and Ransom Everglades, where my kids go to school, are all mentioned in the piece. Palmer Trinity and Miami Country Day have seen a major increase in applicants coming from New York, New Jersey, and Chicago. Ransom says that its waiting lists are always full, so they have not noticed whether that is due to the increasing number of families moving to Miami from high-tax areas.

Another thing that the article mentioned is that South Florida is getting a new private school called Avenues, which is set to open in 2022. The Miami outpost of this elite school will be the fourth campus, joining others in New York City, Sao Paolo, Brazil, and Shenzhen, China. Get this: their tuition is currently over $56,000 annually. And I thought that Ransom was expensive!

If you would like to read the full article, click here. It is a different perspective on the tax refugees that we have been hearing about lately.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Guest Post: A Homeowner Contractor in Coral Gables

Hey readers, this is Ashley’s assistant Lillian giving you an update on my renovation! We are on week 3 of the project and we are STILL in the demolition phase. That should be over this week with plumbing starting right after. Things are going well, but I am a bit of a neat freak and I am having a very hard time dealing with the dust, which is not only all over every surface of my home but which I also taste on the back of my tongue all of the time. Yuck.

Once plumbing is done we have our first big inspection with the City! I will keep you posted as to how I do as my own homeowner contractor.

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Betsy Adams and the Coral Gables Garden Club Park

Photo from communitynewspapers.com
As a resident of and a realtor in the city of Coral Gables, I find myself driving around the City Beautiful every day. Alhambra Circle is a corridor that I frequent, and about a year and a half or two years ago, I noticed a new park being created on Alhambra between Mercado and Mendavia Avenues. It is a beautifully landscaped park that is just shy of half an acre and whenever I drive by it in the daylight it is packed with kids and families – something that I love to see!

Known as Betsy Adams and the Coral Gables Garden Club Park, it has had a temporary metal fence around it since opening. Today when I drove by, though, I noticed that the park was roped off and that there was a sign indicating that it is currently closed. Curious, I called the city’s Parks and Recreation Department to see what is going on, and they told me that a new, permanent fence is going up around it, which seems like a good idea for safety reasons.

I am not sure why I am so invested in this little park, other than the fact that I’ve been watching it from its creation until now with fairly regular sightings. Or maybe it is because I like the idea that Coral Gables went out and paid $1,000,000 for a piece of property that then became something great for the community. My kids have outgrown parks and playgrounds, but I am happy to know that I live in a city that is investing in outdoor space for the next generation of Gables kids!

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Price Reduction on the Water

Have you seen my fabulous listing on the Coral Gables Waterway? 5621 Orduna Drive just had a price reduction to $3,595,000, making it a great value on the water! Check out the listing by clicking here and be sure to head to our open house on Sunday February 20th from 12:00-2:00. I look forward to seeing you there!
If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Guest Post: A Homeowner Contractor in Coral Gables

Hi Blog Readers, this is Ashley’s assistant Lillian taking over for today’s post and for a few more in the coming weeks. If you do not know me then you do not know that I am renovating my house right now (and if you do know me then you know that the renovation is pretty much all I talk about – sorry!). Because I live in Coral Gables this renovation requires permitting and inspections, so I thought I would write a little bit about the process as I live it.

First things first, I am remodeling reluctantly. You see, I had a hot water pipe burst in my master bathroom, and I am using this as an opportunity to update a functional but ugly space. My bathroom is also rather small, so I am expanding it, creating a new powder room, and redoing my closet during the whole process – why not go all in, you know?!

While working with an architect and designer to maximize what little space I actually do have, we started talking about the Gables permitting process and both of these professionals suggested that I go through it as my own “homeowner contractor,” which is not as scary as it sounds. No, I am not jackhammering my floors or doing finish work, as a homeowner contractor I am simply responsible for getting my permits, providing the actual contractors’ licenses, and scheduling necessary inspections. My architect and designer suggested that I go this route because it would save me some money (did you know that contractors charge 20% or more to do this for you?!) and some time.

So far, I’ve submitted my plans to the building department, received my permits, and just today went to file my notice of commencement. It has been very easy working with the City’s permit counter, and they have really held my hand through the process: they consistently explain each step and tell me what I need to look forward to and/or bring to City Hall on my next visit. Plus no one has made fun of me for showing up to the building department in a preppy sundress instead of paint-splattered overalls or whatever else you’d expect a real contractor to wear!

Right now I have a building permit in my front window, a dumpster in my driveway, and walls of plastic sheeting hanging through the house. Demolition begins tomorrow at 8:00am sharp, and I look forward to giving you an update at the time of my first inspection – I will have to call my friends at the permit desk to see when I need to schedule that!

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Two Steps Forward for Coral Gables

Photo courtesy of Photo from Miamidade.gov
Since before 2016 I have been hearing whispers that Coral Gables planned on annexing High Pines and Ponce Davis. On the heels of those whispers have been rumors that the County would only relinquish those very well-to-do areas if the Gables also took over the Little Gables section. Those whispers and rumors became news back in 2016 when the Gables actually started the process of annexing these areas.

We are not living in the Wild West, so Coral Gables did not simply get to stake its claim on High Pines, Ponce Davis, and Little Gables. Rather, it is a complex process and if you look at the annexation schedule on CoralGables.com you will see that the city will have to progress through 17 steps/meetings for Little Gables and 15 for High Pines and Ponce Davis. That is a lot of bureaucracy!

So where do we stand? Back on March 20th, the County Board of Commission voted to move the Little Gables annexation application to the Planning Advisory Board, and on June 5th, the Commission did the same for the High Pines and Ponce Davis application. Those are two good steps forward for Coral Gables. With 9 more hurdles to jump, let’s hope that these applications don’t take two steps forward and two steps back!

For more information about this process, visit https://www.coralgables.com/annexation-process-test and https://www.miamidade.gov/incorporationandannexation/coral-gables.asp

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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Two Adorable Rentals in the Best Locations!

I have the two cutest rental listings that you’ve ever seen, each of which is in a fabulous location! Take your pick from either Coral Gables or South Miami!

515 Catalonia Avenue #3 is an excellent rental located in the heart of Coral Gables. The light and bright 2 bedroom / 1 bathroom second floor unit with a stackable washer and dryer. It is situated conveniently close to downtown Coral Gables and the Youth Center on a quiet tree-lined street and comes with an assigned parking space.

7720 SW 54 Ct #43C is a beautifully maintained second story unit in the Arbors Condo. It features 2 bedrooms / 1 bathroom, large closets, and impact glass windows. Located in the heart of South Miami within a stone’s throw to shops, restaurants, and amenities. Wonderful pool area and convenient parking. Location cannot be beat!

Come take a look – these charming properties are ready to be your next home.

If you are looking to buy or sell a home in these extra-hot areas, or anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate

Luxury Miami Real Estate

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.

Consistently in the top 10 company-wide at EWM for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, EWM Realty International.

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