Why Should you Buy in Cocoplum Coral Gables?January 11, 2017
Cocoplum Coral Gables has become primed for those looking to enjoy a great place to call home. There are several reasons to buy in Cocoplum and here are some of the top reasons.
Cocoplum Provides Value
For many years, Cocoplum has been undervalued, but that may not last. Many larger homes with more than 2,800 square feet on lots up to more than 50,000 square feet have sold below value. High-end properties have actually been flipped throughout the area for a profit. If you have the ability to overhaul one of the homes here, you may be able to gain incredible value.
Many of the large and older homes found in Cocoplum have been sold at a lower per square foot price than the area’s value. Some have predicted that buying a home for $475 per square foot or less here will provide healthy returns with some improvements and repairs. Many of the remodeled homes here sell for more than $750 per square foot.
Location is very important when buying a home and Cocoplum offers a great location. This luxurious area of Coral Gables is found at the end of the South Gables waterways. Premium homes are found on the water and many are selling for record-breaking prices.
Many of the homes found throughout Cocoplum are on the water. This not only helps make the neighborhood a luxurious area, but it also makes it a great place for boaters. The waterways help to increase the property value, as well.
The waterfront location also offers many waterways. It may take up to 40 minutes to get out to open water and you may have to pass under 3 bridges, if you live in South Gables. However, Cocoplum residents only have one bridge to pass under, maybe none, which makes getting out on open water easier and faster.
Cocoplum hasn’t seen the same turnover as some other neighborhoods, but it’s on that verge. Many of the residents are empty nesters looking to downsize, so the neighborhood is changing. Younger families are moving in and the community is becoming desirable for professionals, as well. About 85% of the homes are owner occupied, while 89% of the population here is married and 77% are college educated.
The actual location of Cocoplum makes it incredible desirable. It’s on the water, which we already discussed, but it’s also just a five minute drive to Downtown Coral Gables, South Miami and the Village of Coconut Grove. Cocoplum is also minutes from some of the finest public and private schools within the area.
Over the past few years, the neighborhood has earned a reputation as one of the best locations for schools, entertainment, dining and shopping.
Boaters will love Cocoplum due to the waterfront location and the marina. If you cannot get a home on the water, you can still enjoy boating with a marina found right in the community. The Cocoplum Yacht Club provides a private marina on the East end. It has a dock master and full administration. The marina provides about 200 slips and can accommodate vessels up to about 150 feet.
The Yacht Club is considered a separate entity and all homeowners are welcome to become members. This provides an easy option to keep your vessel close by without needing to own a waterfront home to enjoy boating in Cocoplum.
While you may not understand where your HOA fees go in some communities, it’s easy to see where it goes in Cocoplum. Typically, this money is used for repairs and maintenance, but in Cocoplum, residents gain incredible amenities. Gated security is a part of this because Cocoplum isn’t a private island. All visitors are monitored and the neighborhood does offer calm streets making play safer for children.
Cocoplum also offers a number of amenities, such as the clubhouse facilities. These facilities include a swimming pool, an outside porch, a parlor, a bar, a wellness room and an outside yard. All are available to residents including the many classes held at the wellness club. Enjoy swimming lessons, exercise classes and much more.
The community also offers a play area for the kits, full-size basketball court, eight Hydro Clay Tennis Courts (4 include lights) and plenty more. All the amenities you would expect from a gated community are found here.
Overall, Cocoplum has become a top neighborhood to call home. It provides plenty of luxurious features, amenities and plenty of value throughout.