Gables Estates 2nd Quarter Sales

555 Arvida Parkway

555 Arvida Pkwy.

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 was included in the deal.

Next up, 9175 Arvida Drive.  This traditional home on over an acre, built in 1967, was listed for $5,499,000 and sold for $4,450,000. Believe it or not, this 6 bedroom, 4.5 bath estate with 6,129 square feet of living space, sold as a fixer-upper (aka: opportunity to restore and renovate).  Both properties were sold by One Sotheby’s.

9175 Arvida Dr.

9175 Arvida Dr.

The third property, at 9000 Arvida Drive, is a 6 bedroom, 5.5 bath 6,804 square foot home, built in 1982, on over two acres.  It was listed by Avatar for $3,799,000 and quickly sold for $3,450,000.   

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