There have been two closed sales since my last Cocoplum Market Update.Â The first is located on Los Pinos Boulevard in the southern section of Cocoplum (non-waterfront).Â This beautiful home came on the market back inÂ January atÂ an asking price ofÂ $6,250,000.Â Â TheÂ owners justÂ sold itÂ for $4,500,000 whichÂ makes it theÂ highest sale in Cocoplum all year.Â
The second home toÂ sell in CocoplumÂ since my last market update is located at 286 CostaneraÂ Road.Â The owners purchased the house in 2008 for $2,125,000 andÂ sold it forÂ $1,650,000 last month.Â As I tell my clients, luxury real estate is at an all time low.Â It is evident that homes in Cocoplum have not escaped the downturn.
There are 50 homes for sale in Cocoplum ranging in price from $16,000,000 to $1,300,000 â€“ to view them click here.
Aside from sales, otherÂ happenings in Cocoplum include a $420,000 renovation to theÂ gatehouseÂ that isÂ just about completed.Â This renovation cost theÂ owners in Cocooplum $830.00 per home.Â The houseÂ is getting a new gate, new windows, new fountain, bathroom and landscaping.
If you are interested in buying, selling, building or renting in Coral Gables and are looking for a real estate agent who specializes in the area, please feel free to contact me at 305.342.1623 or send me a note here.
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To view this post in its orginal form, visit my Coral Gables Real Estate blog.