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550 South Dixie Highway
Coral Gables, FL 33146
With the Miami real estate market rising, more and more sellers think it’s ok to price their home high when they list it so they have room for negotiations, and/or to see if someone makes a high offer. But typically, it just prolongs the time it takes to sell the house and results in sellers taking even less down the road once the asking price is where it should be. The highest prices are coming in on homes priced closest to their projected selling price (within 5-10%) – we see multiple offers come in and the perceived demand is great. If the house is overpriced, there isn’t as much interest generated and buyers simply aren’t making offers! It’s important to note though that pricing is an art and not a science, so it’s always helpful to consult with an experienced realtor to help guide you! Thinking about selling? I can help!
My focused dedication as a realtor in my home town of Miami for over 20 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.
As the #3 Realtor company-wide at EWM in 2012 with over $55 Million in sales, 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!
I had two great price reductions this week on listings of mine in Coral Gables!
1225 Asturia Avenue – Reduced to $589,000 from $639,000. Visit www.1225Asturia.com to see more pictures and get details!
3618 Palmarito Street – Reduced to $825,000 from $865,000. Visit www.3618Palmarito.com to see more pictures and get details!
Two of my most fabulous listings have just been reduced – these incredibly special homes shouldn’t be missed!
4243 Lennox – reduced from $965,000 to $899,000!
This is the spectacular 3 bedroom/2 bath house that I wrote about two weeks ago. Live on vacation in this spectacular island-style home that has been completely renovated! Here is the post about this amazing home. For additional details and information, visit www.4243Lennox.com!
Another one of my newer listings has just had a great reduction as well!
444 Marmore – reduced from $899,000 to $799,000!
This lovely home has 3 huge bedrooms and 3 bathrooms and is situated in a prime location in Coral Gables. The master suite was constructed in 2000 with a gorgeous bathroom offering his/hers sinks and a separate spa tub & shower. The huge walk-in closet is another wonderful feature to this newer room, which opens with French doors to the covered patio and yard.
The two other bedrooms are very large and both have their own bathrooms, which have been beautifully updated. A light and bright kitchen opens to the family room complete with wall to wall built-in shelving. An interior laundry room and one-car garage complete this wonderful family home!
Listing Price: $795,000 ~ Rental Price: $4,500/monthly
6990 SW 61st Street is a unique find in Miami. Once you are at home in this magical retreat, it feels like you are a million miles away from the hustle and bustle; however you really are only a few minutes away from the shops and restaurants of Coral Gables and South Miami.
When first built, this home was originally marketed as part of the Little Lakes Marina Development. Situated on a lush property with a little canoe lake at the edge, this home retains all of its 1947 charm, but has been lovingly updated by its current owners to include the best of all worlds.
The home has 3 bedrooms plus a den/guest room, 3.5 bathrooms, breakfast room, family room, playroom and laundry room. The magnificent master suite has beautiful hardwood floors, a walk-in closet, and a stunning bathroom with a clawfoot tub and separate shower. The home brings the outside in with French doors in the family room inviting you to the gorgeous backyard and outdoor cabana overlooking the newly refinished pool. The yard has numerous fruit trees – star fruit, avocado, mulberry, loquat & orange.
Absolutely charming 4 bedroom, 2.5 bathroom Old Spanish home with 1 bedroom plus living room 1 bath guest house. This home has wonderful spaces including formal living and dining rooms, breakfast area, family room and sitting area. Beautiful 10,000 square foot lot with surrounding privacy hedge. Updated baths and kitchen. Oversized one car garage and gated driveway. To learn more, please visit www.1245andalusia.com.
My listing at 6870 Sunrise Place just had a substantial reduction from $2,895,000 to $2,495,000. This is such a wonderful Jorge Hernandez designed home. It truly feels like you are living on vacation every day. Located in gated Sunrise Harbour, it is a warm and breezy home on a canal just seconds from the open bay.
This house has an Island feeling with romantic outdoor, covered spaces and wonderful open floor plan! Enter from second floor to spacious foyer and den, open living and dining spaces feed to oversized, gourmet kitchen and family room. 4 bedrooms up, and 2 additional down, with gym, playroom, laundry room and 2-car garage. There is a beautiful pool and patio, with an outdoor shower.
Enjoy the new 80 foot dock with electric, and no bridges to the bay. If you would like to come and see if this is your new home, I’d love to show it to you. To see the virtual tour, click here.
9905 SW 89th Court ~ REDUCED to $1,400,000
Short Sale! This is a gorgeous plantation-style new-construction home near Baptist Hospital! This home has 5 bedrooms, 5.5 bathrooms on a gated lot. Dark hardwood wenge floors run throughout the living spaces. The finest kitchen you have ever seen opens to the family room and features vaulted ceilings, double islands, Wolf 8-burner gas stove, Sub Zero fridge and freezer with extra beverage refrigerator and wine refrigerator. French doors line the back of the home, opening to the pool/patio area. Downstairs is an immense master suite with a luxuriuos spa bathroom. Out back is a detached guest house and cabana bathroom. Finished with a lovely Chicago brick driveway!
If you’d like to see this home, it will be open Sunday January 16th from 4:00 – 6:00. Otherwise, feel free to email me or call me to set up an appointment.
Going into the New Year, three of my listings have reduced their prices. All three are great opportunities at these new prices.
410 Luenga Avenue, Coral Gables is now $459,000. This is a great starter home opportunity in a terrific South Gables location. Built in 1951, this 1,708 square foot house has wonderful bones with 3 bedrooms, 2 bathrooms, a new roof, original hardwood floors and a very nice sized yard. Other features include an open floorplan, 2-car garage, and the home is within close proximity to Merry Christmas Park. The home needs some updating but nothing has to be done! www.410luenga.com.
4160 Ventura Avenue Coconut Grove, a 2,883 square foot home, is now $820,000. Beautifully renovated and charming 4 bedroom, 3.5 bath home on a perfect South Grove street. Fully fenced property with pretty garden up front and lovely pool and patio area in back. Formal living and dining rooms, the family room opens to the kitchen, split bedroom plan with spacious rooms. Master suite has new bathroom and a walk-in closet. Special features include a 1-car garage, office or guest room upstairs with a balcony overlooking the pool, fireplace and vaulted ceilings. Ready to move in! Click here to see the virtual tour or visit www.4160ventura.com.
1245 Andalusia Avenue Coral Gables is now $820,000. Absolutely charming 3 bedroom/2.5 bath Old Spanish with an additional 1 bedroom plus living room/1 bath guest house above the garage on the quietest street in Coral Gables. This 2,817 square foot home has wonderful spaces including formal living & dining rooms, a breakfast area, family room & sitting area. The home is situated on a beautiful 10,000 square foot lot with a surrounding privacy hedge and has updated bathrooms and kitchen, an oversized 1-car garage, a new roof in 2007 and a gated driveway. It is perfectly situated within walking distance to Salvadore Park, Venetian Pool, Coral Gables golf course, St. Philips and St. Teresa. Click here for virtual tour or visit www.1245andalusia.com.
These two waterfront units at 25 Bay Tower off Brickell have been reduced to sell! With stunning views of the water in a stable condo building with terrific amenities, these can’t be beat.
#A5, $299,000, is a 3 BR/2 BA with huge open living spaces and sprawling views of the water.
This unit has an updated kitchen, master bedroom with two enormous walk-in closets, washer/dryer in the unit, a wrap-around balcony and 2 parking spaces. Click here to visit the virtual tour.
#B5, $173,000, is a 1 BR/1.5 BA unit, immaculate and turn-key ready.
Enjoy views of the bay from your balcony here too! The building offers a waterfront pool, gym, doorman and 24-hour security. Maintenance fee includes a/c, cable and hot/cold water! Click here to visit the virtual tour.
In the spirit of my most recent post, I’ve had some incredible price reductions lately on my listings!
$3,395,000 from $3,750,000
– Incredibly beautiful house on the Gables Waterway.
– Completely rebuilt with incredible finishes
– 6 bedrooms/5.5 baths/2 car-garage/pool/boathouse
1300 Campamento Avenue
$2,795,000 from $2,995,000
– Waterfront home in Gables by the Sea
– Built by owner/builder for himself
– Featured on the cover of Florida Life Magazine!
– 5 bedrooms/4.5 baths/2 car garage/pool/guesthouse
1170 San Pedro
$1,995,000 from $2,099,000
– Waterfront home in Gables by the Sea
– No bridges to the bay!
– 4 bedrooms/3 baths/2 car garage
9905 SW 89 Court
$1,950,000 from $2,195,000
– Stunning new construction home in Baptist Hospital area
– Most incredible kitchen you’ve ever seen
– 5 bedrooms/5.5 baths/2 car garage/pool/guesthouse
7500 SW 53 Avenue – PENDING SALE!
$1,685,000 from $1,895,000
– Stately new construction home in High Pines
– Built by the Rousseau Hays Group
– 6 bedrooms/6.5 baths/2 car garage/pool
8900 SW 61 Court – PENDING SALE!
$1,999,000 from $2,099,000
– Expansive home on an acre in North Pinecrest
– 6 bedrooms/5.5 baths/3-car-garage/pool
1123 Placetas Avenue – PENDING SALE!
$989,000 from $1,080,000
– Completely renovated home on nice street in Coral Gables
– 4 bedrooms/4 baths/1-car-garage/pool
1414 Algardi Avenue
$925,000 from $995,000
– Beautifully and tastefully updated home in Coral Gables
– 4 bedrooms/3 baths/2-car garage/pool
3038 Orange Street
$585,000 from $639,000
– Center Coconut Grove townhome built in 2004
– 3 bedrooms/2.5 baths/1-car garage/pool
Now more than ever in real estate, price is the name of the game.
Friends of mine recently listed their house in Coral Gables with Elena Kemper and Libby Klein of EWM. The house has 4,000 square feet and sits on a 15,000 square foot lot. It’s been completely updated and is absolutely gorgeous. They priced it very aggressively at $999,995 (that’s $245.34 per square foot), and it sold WITHIN 3 DAYS of it being put on the market.
The question that keeps arising in this market is if we price it too close to where we believe it will sell, are buyers still going to want to negotiate it way down? So people are trying to price higher to leave room for negotiation, but people are losing buyers these days. Sellers are often pricing so high that people won’t make offers. Yet here’s a perfect example where they priced low, and it sold quickly, very close to the asking price.
A beautiful listing I currently have at 1123 Placetas sat on the market for 41 days priced at $1,080,000. When we reduced it under $1 million to $989,000, which was a very fair and realistic price in this market, we had an offer and it went pending within 13 days. While this is still pending and we have to get to the closing table, it does truly show that price matters.