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Showing posts from July, 2013

Stats on Coral Gables Condos

According to the tax roll, there are 5,068 condos in Coral Gables.
651 efficiencies 1,219 one-bedroom condos2,449 two-bedroom condos622 three-bedroom condos117 four-bedroom condos5 five-bedroom condos5 six-bedroom condosThe breakdown by zip code:
33134 zip code: 3,152 condos (North of Bird Road in central downtown Gables and north)33133 zip code: 777 condos (Along Edgewater near the Grove) 33143 zip code: 170 (near South Miami south of Sunset) 33146 zip code: 704 (south of Bird Road near UM, Ponce, US#1 corridor) 33158 zip code: 264 (Deering Bay) Other limited zip codes:  the balance
We are knowledgeable and informed about the Coral Gables market, its schools and services. Call us for professional advice on selling, renting or buying a condo. 305-975-8158 or e-mail me at

Slesnick & Jochem has a condo listing for sale at 626 Coral Way in the Gables on the Green building. See it if you like luxury living.

Dramatic Drop in Inventory

Inventory of homes in the $900,000 to $1M price range in the Gables has come down in the first half of this year. We now have less than a 3-month supply. Listings are averaging 67 days on the market and the average price per sq.ft. is well over $300 depending on location, lot size and condition. See graph.

MUST SEE: Join Us this Sunday, July 14th at Our Open House from 2:00 to 4:00 p.m.

1421 Ancona Avenue, Coral Gables, FL 33146

Sip your morning coffee on the quaint front porch of this Colonial 3 bedroom/3.5 bath home with Family room, library and playroom. Extensively renovated and expanded in 2006 with high-end finishes and architectural details.

Kitchen is equipped with restaurant grade appliances, butcher block counters and wood cabinetry. Fireplace, hardwood floors, crown molding, Plantation shutters, cherry wood built-ins, surround sound. Impact windows and doors.

North of Miller Drive between Alhambra and San Amaro. Firm price. 1-car garage. 10,500’ lot with room for a pool.

See more about this listing. Feel free to call us 305-975-8158.

From Cottages to Castles in Coral Gables

We are down to just 239 homes for sale on the MLX in all of Coral Gables ranging in price from roughly $349,000 for a darling 1 bedroom/1 bath Old Spanish with 879 adj.sq.ft. on a 5,000 foot lot on Tangier Street in north Gables, to a $25,000,000 mansion in Tahiti Beach that has 10 bedrooms/10 baths and 21,000+ adj.sq.ft. on a 62,000 foot waterfront property with its own beach. 
Of the 239 homes for sale, 6 are under $400,000, 98 are under $1M, and ten are at $10,000,000 or higher.

New Florida Laws in Effect as of July 1

Florida Realtors reported a list of changes to Florida laws that went into effect this past Monday:

Residential Landlord and Tenant Act
Several changes were made including a change to the disclosure language landlords who rent five or more dwelling units are required to give. While the law becomes effective July 1, use of the revised disclosure is not mandatory until Jan. 1, 2014.

Renting with a Homestead Exemption
A “safe harbor” written into the law allows people to rent their homestead up to 30 days a year without losing the homestead exemption. However, rentals that exceed 30 days for two consecutive years jeopardize the homestead exemption in year two.

Citizens Property Insurance
A new rule requires all new applicants to go through a clearinghouse to establish if they’re eligible for Citizen’s coverage.

Taking Ownership of an Abandoned House
A claim of adverse possession now requires 1) payment of all outstanding taxes and liens levied by the state, county or municipality within one ye…