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Debra Wellins

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Just Listed in Coconut Grove

Debra Wellins This lovely 3 bedroom, 3.5 bath home for sale in North Coconut Grove has land - a little under half an acre of open green space on a quiet street.   It is vintage Coconut Grove, built in 1951, but the insides no longer reflect that era. It is move-in ready, with nice entertainment areas including a covered deck overlooking the lushly landscaped pool area and 3,323 square feet of  living space under cathedral ceilings.  Natural light just pours into this... Continue Reading >

116 Homes for Sale in Pinecrest

Debra Wellins As of June 20, 2013, there are 116 residential properties for sale in The Village of Pinecrest listed between $399,000 and $4,900,000. THE LOW - The lowest priced listing is a 4 bedroom, 2 bath, 2,323 square foot short sale on a third of an acre, listed for $399,000 or $172/square foot. THE HIGH - At the high end are two homes, each listed for $4,900,000.  One is 6 bedroom, 8.5 bath, with 10, 519 square feet of living space on less than an... Continue Reading >

Gables Estates 2nd Quarter Sales

Debra Wellins Three residential properties sold during the 2nd quarter in the luxury waterfront gated community of Gables Estates, located off Old Cutler Road in Coral Gables. The exquisite acre estate at 555 Arvida Parkway was  listed for $7,995,000 and sold for $7,000,000.  This Mediterranean home, built in 1990, is 5 bedrooms, 6.5 baths with 8,500 square feet of living space and parking garages that have room for a fleet of cars plus his and her jet skis.  I don't think the yacht... Continue Reading >

Palmetto Bay 2nd Quarter Sales 2013

Debra Wellins Palmetto Bay is selling like hot cakes.  Eighty residential homes closed between April 1 and June 30, 2013 compared to 55 homes sold in the first quarter. That's a 31 % increase.  Check out the graph to see the price breakdown.  The majority of homes sold between $400,000 - 449,000. The lowest sale was a 2 bedroom, 2 bath house with 884 square feet of living space that sold for $70,000 or $79/sq ft..  The most expensive sale was a 6... Continue Reading >

Two Estates Sell in The Moorings – Coconut Grove

Debra Wellins The Moorings, located in the heart of Coconut Grove, just off Main Highway, is an exclusive waterfront gated community with only 41 homes.  Two of these homes just sold in the last week. 3885 S. Moorings Ct. sold for $2,900,000 ($461/square foot).  This Bermuda Colonial home is 5 bedroom, 5.5 bath  with 6,288 square feet of living space.  Set on a lushly landscaped tropical acre and decorated by Sam Robin, this home has hardwood floors, two fireplaces, a gourmet kitchen, butlers... Continue Reading >

Comparison of 1st Quarter and 2nd Quarter Sales in Pinecrest

Debra Wellins Pinecrest sales were robust in the second quarter compared to the first.  Eighty six homes sold in the second quarter while only 34 homes sold in the first. Take a look at the charts below to compare the high, low and average sales in the Village of Pinecrest for the first and second quarters. Except for the increase in total number and volume of homes sold, the average square feet of living space and average price per sale have decreased along... Continue Reading >

Village of Pinecrest – 2nd Quarter Sales 2013

Debra Wellins In The Village of Pinecrest, 86 residential properties sold from April 1 - June 30, 2013 with a total volume in sales of $86,736,675.00. Only six properties that sold were under $500,000, but 55 sales were between $500,000 and $999,999.  In the luxury market, 25 properties sold over $1,000,000 as follows:  there were ten closed sales between $1,000,000  and $1,499,999, eight sales between $1,500,000 and $1,999,999,  four sales from $2,000,000 to $2,499,999 and three sales between $2,500,000 and $3,000,000. Click on this... Continue Reading >

Price Per Square Foot Surges in Gables by the Sea

Debra Wellins There has been an astounding increase in the average price per square foot of homes for sale in Gables by the Sea for the second quarter of 2013.  Thirteen listings on the market are averaging an asking price of $589/square foot. Compare this number to the seven closed sales averaging only $316/square foot.  That's a whopping 69% difference.  Compare this to the six pending sales (those that are due to close in the next month or two) that are averaging an... Continue Reading >

Key Biscayne Luxury Condo Sales

Debra Wellins Condos with a waterfront view are selling on Key Biscayne.  Twenty seven properties have closed in the last 105 days at or above $1 million and 24 of these were waterfront. The Grand Bay had the highest sale at $5,750,000 ($1,195/square foot) for a 5 bedroom 3.5 bath condo, with 4,810 square feet of living space. The lowest luxury sale, for $1,00,000, was a 2 bedroom, 2 bath, 1,225 square foot condo ($533/square feet). The median sale was three bedroom, three bath, with... Continue Reading >

Problems with Buying and Selling Smart Homes…Get the CODE!

Debra Wellins I'm not talking The Davinci Code here folks.  However, if you don't have it, you're dead in the water.  This is probably the most important piece of advice I can give the buyer who is making an offer on a luxury property with sophisticated home automation. You must have the Source Code or you can't access or make changes to the system.  The source code is analogous to a log-in for a web page.  No code, no way into the... Continue Reading >