About Coral Gables' Coral Gables

Rentals in Coral Gables

Coral Gables has become a urban like city with in a large metro city like Miami. If you think of Coral Gables you think of established families and established business. The Coral Gables of today is fast pace with the main business district on coral way or better know as miracle mile. It’s main avenues that connect through out Coral Gables are Ponce de Leon Blvd and Coral Way (Miracle Mile or SW 22 Street). As you commute to any of these streets or avenues you will see the free coral gables trolley system connecting you to all business and local residential area including condos and homes.

For more information please visit our Coral Gables home page

Condos in Coral Gables

Coral Gables has become a urban like city with in a large metro city like Miami. If you think of Coral Gables you think of established families and established business. The Coral Gables of today is fast pace with the main business district on coral way or better know as miracle mile. It’s main avenues that connect through out Coral Gables are Ponce de Leon Blvd and Coral Way (Miracle Mile or SW 22 Street). As you commute to any of these streets or avenues you will see the free coral gables trolley system connecting you to all business and local residential area including condos and homes.

For more information please visit our Coral Gables home page

Coral Gables real estate is rebounding with at least seven new luxury apartment and office buildings being developed around the downtown core. Many projects proposed during the housing boom in the last decade were put on hold when the economy slowed and the fact that construction is beginning in Coral Gables is a sign that a rebound has begun.

Developers and lenders have invested a quarter-billion dollars in financing toward these projects that are either under construction or scheduled to break ground soon. Over the next three years, more than two million square feet of new space will occupy locations around Ponce De Leon Boulevard. These new projects could bring up to 1,000 new residential units and dozens of new businesses and restaurants to the area.

The affluent population proximity to Miami International Airport and business district that includes more than 175 multinational companies make Coral Gables attractive to developers.

Here's a look at the Coral Gables properties from the Miami Herald:

396 Alhambra - Scheduled to open before the end of the year, 396 Alhambra is a 15-story tower that will house 273,000 square feet of office space

Gables Ponce Apartments - 250 units and a ground floor of retail space is planned to go to market next year

The Building - This mixed-use 58,000 square foot building will open in 2012 and prices are about $40 per square foot

Old Spanish Village - Still waiting on finalized plans for the space, the plot is approved for more than 70,000 square feet of townhomes and retail space

Ponce De Leon Towers - This 16-story office tower will begin construction after 50% of the space is pre-leased

Residences at Vizcaya - These eighteen ultra exclusive condo residences for sale with a marina on Biscayne Bay have just been completed with several amazing units left for sale

This is a story about a Reverse Mortgage in Coral Gables, Miami, Florida…

Many believe that the Reverse Mortgage is for the poor, desperate, or those on the verge of foreclosure. My grandfather feels the same way, but after years of explanation and my Aunt Uncle, and I offering our support my grandparents used the Reverse Mortgage for themselves. Unfortunately, there are a lot of myths and misunderstandings about the program. This blog is not about the program and how it works; rather it’s about different clients of mine who have closed using the program and why they did it.

I March of 2010 a prospective client, whose home is in Coral Gables, contacted me via the internet. He didn’t give me a phone number to call, instead he left his address and fax number. Many people do things like this because they feel they will encounter pushy sales people. So I sent him a fax with my letterhead, and soon after a chain of email communications ensued.

Keep in mind, my clients are 62 years and up, so not all are internet savvy. He is, and I was soon invited into his home. What I encountered was a very intelligent business man who had built a large company that was now working for him. His kids all had money and their own homes, careers, etc, and he was sitting on a $1,000,000 home with no mortgage. So he was looking for a way to access his equity to supplement an already large asset portfolio.

WAIT A MINUTE, PHIL! ARE YOU SAYING THIS GUY HAS BIG BUCKS AND WANTS TO USE A PROGRAM THAT MOST FEEL IS FOR THE DESPERATE?

That is correct!

After several meetings, and the client shopping at the big name lenders, he saw the value in using someone like me. We closed in 17 calendar days (only because we started the process on a Friday and closed on a Monday, otherwise it would have been quicker), and he cashed out over $350,000 to improve his quality of life.

Notice what I just said, IMRPOVED HIS QUALITY OF LIFE! It doesn’t matter if he used the money to buy a yacht or to have an extra $3,000 per month to spend on his lifestyle; it IMPROVED HIS QUALITY OF LIFE.

Isn’t that the same thing the Reverse Mortgage does for people who are desperate and poor? It’s just a different level.

CLICK HERE to view video testimonials from clients who have closed with me!

It may not be a glorious triumph over this bad economy, but its a start!

According to FloridaRealtors.org, existing condo sales in Florida rose by 15% in the third quarter. This is great news for those still waiting to sell their condo, as they may see this as a good chance that the condo they have had on the market for over a year might be close to being sold.

However, as with all good things there sometimes comes the bad. The price of these condos actually dropped since 2009 by 21%. In 2009 condos selling for $106,000 now sell for $84,000. But alas, we should always look on the bright side. Closing more sales leads to better market conditions, happy sellers, happy buyers (really happy buyers!), and a happy realtor. It is best not to dwell on the negatives because although the market is tough to navigate currently as a seller, things can only go up from here and it is only a matter of time before stabilization sets in.