One of the things I love most about both Coral Gables and Coconut Grove is that they possess a sense of history unlike any other place in South Florida. The architecture and landmarks pay homage to the past in many respects. While charming and desirable to most, some buyers want to be surrounded by the sense of history but reside in a newly built home.
New homes for sale are few and far between in Coral Gables and Coconut Grove. Its not to say that new construction is not occurring but little is for sale. In fact that there are only 11 newly built properties in Coral Gables and 3 new properties in Coconut Grove. I’ve highlighted two great examples below.
190 Edgewater Drive, Coral Gables Listed by: Shelton and Stewart REALTORS
3570 MATHESON AVENUE In Coconut Grove Listed by: Avatar Real Estate Services
Select buyers who prefer new construction often consider purchasing land for sale. There are presently 22 lots in Coral Gables and 15 in Coconut Grove.
But what’s more limited than new construction and land lots? Construction loans. I’m no economic guru, but it strikes me as a terrific local initiative for banks to loosen the reigns on construction loans. This would spark construction jobs in the community and other significant spending. The real estate market in these parts is improving, finally. Hopefully new construction and builders will enjoy a comeback too.
If you are considering buying or selling in Coconut Grove or Coral Gables, please feel free to contact me and benefit from the Strength of My Experience.
305.710.1010 | csmith@veryspecialhomes.com | facebook.com/CaroleSmithRealtor
Affiliated with EWM REALTY International | Christies International of Coral Gables
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