A Hidden Condo Gem in Coral Gables: The Gables ClubJune 13, 2017
Coral Gables has been a hot location for luxurious properties for many years. However, many buyers may not be familiar with The Gables Club. This high-end condo building is one of the best found in Coral Gables. While the real estate market in this area of South Florida is dominated by single-family homes, some condo buildings do stand out.
Luxurious condos can easily get overlooked when the market is flooded with incredible single-family homes. However, if you’re shopping for a luxury condo in the Coral Gables or South Florida area, you don’t want to miss out on this gem.
What The Gables Club Offers
The Gables Club consists of two towers, both waterfront. The first tower was built in 1996, while the second was completed in 2003. Both towers offer 99 luxury residences ranging from two to six bedrooms with 1,500 to 10,190 square feet per unit. If you’ve been searching for something similar to the luxury condominium buildings, such as Grovenor House, Grove at Grand Bay or Grove Hill, The Gables Club may be the hidden gem you’ve been seeking.
Incredible Luxury with Significant Value
The Gables Club offers a waterfront location with incredible views. It’s full of wonderful amenities for residents to enjoy with a variety of options. Two swimming pools, a putting green, two fitness center, concierge services, tennis courts, a restaurants, a private marina and even 24/7 security are offered at The Gables Club.
In addition, The Gables Club offers a variety of units ranging from two to six bedrooms. They even offer hotel suites with one bedroom and 1,000 square feet for guests. Residents can even use the room service from the restaurant in their home. The HOA fees are lower than some of the other buildings, which helps to provide incredible value.
Found in a desirable location, residents gain even more value. The Gables Club is located in Sunset Harbour, which is very close to South Coconut Grove. This provides a desirable location giving residents full access to both Coral Gables and Coconut Grove.
A Gem in a Scarce Condo Market
Finding a luxury condo in Coconut Grove or Coral Gables is quite the task. This is a market dominated by traditional single-family properties, unlike other areas of South Florida. Many families prefer a high-end condo and The Gables Club offers just that. While the options are limited, this gem is one of the few with incredible finishes, plenty of living space in each unit, desirable water views and top notch services.
The condo building only had six units sell over the past year and they sold for $650 to $1,000 per square foot, depending on the views and finishes. The building provides owners with plenty of stability and there’s a very low renter to owner ratio here.
A Closer Look at the Condos
To get an idea of what The Gables Club offers; let’s take a closer look at a couple of units.
One of the floor plans comes in at 2,950 square feet and sells for about $2.3 million. This floor plan includes three bedrooms and three and one half bathrooms. It provides incredible views and a private elevator. The price comes in at about $780 per square foot, which is great for this very well maintained unit with bay views. It also has a balcony and the owner gains full access to all the five-star services of The Gables Club.
A few other floor plans include:
- Two bedrooms, three bathrooms and 2,960 square feet with bay and canal water views for $2.65 million
- Six bedrooms, six bathrooms and 10,190 square feet with bay views for $7.2 million
- Three bedrooms, three bathrooms and 2,570 square feet with bay and skyline views for $1.89 million
- Two bedrooms, two bathrooms and 2,670 square feet with garden views for $999K
- Three bedrooms, three bathrooms and 2,950 square feet with Club Area views for $1.399 million
The two beautiful, waterfront towers offer plenty of options. The prices range from $999K to $7.2 million, depending on the size, finishes and views. All residents gain access to the many incredible services from The Gables Club. With plenty of style and elegance in the design, these condos are some of the best you will find in Coral Gables, yet they seem to remain as a hidden gem.
If you’re looking for a luxury condo in the Coral Gables or Coconut Grove area, The Gables Club is the right choice. This luxury building offers incredible value for all the top luxuries you’d expect from a condo in the Miami, Florida area.