Doral Real Estate Market Update - October 2012

In the following table you can see all closings in the Doral area (zip code 33178) for the month of October of 2012. There were a total of 77 closings. The main statistics are:

• Average price per square foot: $159
• Lowest price per square foot: $98 (Doral Park)
• Highest price per square foot: $452 (Doral Isles Venetia)
• Number of studios sold: 1
• Number of 1 bedrooms sold: 2
• Number of 2 bedrooms sold: 21
• Number of 3 bedrooms sold: 34
• Number of 4 bedrooms sold: 18
• Number of 5 bedrooms sold: 0
• Number of 6 bedrooms sold: 1
• Average discount: 1.98%

Units at Enclave, Veranda and Doral Grand were the quickest ones to go pending sale in one day.

Address	Community	Bed/Bath	Living Area	Days on Market	List Price	Sale Price	Price per sq ft
4760 NW 102 AV # 202-12	DORAL PARK	2/2	1060	115	$105,000	$105,000	$99
6380 NW 114 AV # 301	The Courts	3/2	1271	57	$120,000	$145,000	$114
4560 NW 107 AV # 304-12	ENCLAVE AT DORAL	2/2	960	8	$121,900	$150,500	$157
9805 NW 52 ST # 116	THE VILLAGE OF DORAL OAKS	2/2	1230	6	$127,300	$127,300	$103
6560 NW 114 AV # 508	THE COURTS AT DORAL ISLES	3/2	1271	2	$130,000	$173,500	$137
10045 NW 46 ST # 204-2	VALENCIA AT DORAL	1/1	811	28	$137,900	$135,000	$166
3732 ESTEPONA AV # 15D3	COSTA DEL SOL	2/2.5	1630	8	$140,000	$160,000	$98
7230 NW 114 AV # 208	PALMS GARDEN AT DORAL	2/2	910	169	$145,000	$152,000	$167
10775 NW 83 TE # 2-28	LEEWARD	3/3	1462	167	$148,500	$156,600	$107
4540 NW 107 AV # 304-11	Enclave at Doral Condo	2/1	818	0	$150,000	$151,000	$185
5200 NW 109 AV # 104	Veranda at Doral	3/2.5	1380	0	$150,000	$190,000	$138
5605 NW 109 AV # 73	DORAL GRAND CONDO	3/2	1330	0	$150,000	$140,000	$105
9725 NW 52 ST # 216	DORAL HOUSE CONDO NO3	2/2	1230	8	$155,000	$171,000	$139
4622 NW 97 PL # 253	The Greens at Doral Condo	1/1.5	899	21	$159,950	$148,000	$165
4720 NW 102 AV # 203-21	DORAL PLACE	2/2	926	11	$160,000	$160,000	$173
5300 NW 87 AV # 803	THE BLUE HYATT	0/1	705	28	$160,000	$155,000	$220
7330 NW 114 AV # 305-5	Palm Gardens	2/2	910	7	$165,000	$165,000	$181
10048 NW 41 ST # 49-5	Villas of Amberwood	2/2.5	1392	18	$169,000	$165,000	$119
4772 NW 114th Ave # 202-2	VILLA DORAL	2/2	1010	28	$170,000	$170,000	$168
10805 NW 89 TE # 207	CORONADO AT DORAL	3/2.5	1256	115	$170,000	$170,000	$135
6740 NW 114 AV # 707	The Courts at Doral Isles	2/2	1115	3	$178,000	$170,000	$152
9725 NW 52 ST # 112	DORAL HOUSE CONDO 3	2/2	1130	265	$182,000	$165,000	$146
9725 NW 52 ST # 519	Doral House 3	2/2	1130	89	$184,900	$170,000	$150
4720 NW 114 AV # 103	VILLA DORAL	3/2	1120	5	$185,000	$186,000	$166
10750 NW 66 St. # 510	DORAL ISLES CAPTIVA CONDO	2/2	1710	779	$190,000	$180,000	$105
3994 ESTEPONA AV # 4-D-7	COSTA DEL SOL	2/2.5	1750	74	$194,900	$193,500	$111
6016 NW 116 PL # 409	THE GATES AT DORAL ISLES	2/2.5	1050	6	$196,900	$196,900	$188
4850 NW 102 AV # 103	DORAL PLACE	2/2	926	153	$199,500	$196,000	$212
10700 NW 66 ST # 313	CAPTIVA	2/2	1710	1	$200,000	$195,000	$114
9725 NW 52 ST # 307	DORAL HOUSE	3/2	1460	1	$203,000	$203,000	$139
8851 NW 110 PL # 1403	IBIS VILLAS	3/3.5	2206	15	$204,900	$220,000	$100
5290 NW 109 AV # 103	VERANDA AT DORAL	3/2.5	1380	38	$205,000	$197,000	$143
7651 NW 114 PA # 7651	WINDWARD	4/2.5	1901	401	$210,000	$210,000	$110
4680 NW 102 AV # 102-20	Doral Place	3/2	1060	24	$210,000	$200,000	$189
11002 NW 83 ST # 225	PROMENADE SHORES AT DORAL	3/2.5	1385	109	$215,000	$206,000	$149
5290 NW 109 AV # 104	Veranda At Doral	3/2.5	1380	70	$215,000	$200,000	$145
10902 NW 83 ST # 206	PROMENADE  SHORES	3/2.5	1577	61	$215,000	$215,000	$136
5640 NW 115 CT # 207	LAS BRISAS AT DORAL	3/2.5	1680	203	$229,000	$225,000	$134
4520 NW 107 AV # 108-10	Enclave	3/2	1177	103	$230,000	$215,000	$183
10777 NW 84 LN # 2-42	LEEWARDS AT DORAL	3/3	1462	42	$234,900	$222,500	$152
11432 NW 50 TE # 0	DORAL LANDINGS TOWNHOME	3/2.5	1500	104	$235,000	$194,000	$129
10870 88 # 219/7	CORONADO AT DORAL	3/2.5	1503	24	$235,000	$440,000	$293
10750 NW 66 ST # 302	DORAL ISLES	2/2	1700	36	$245,000	$239,000	$141
5733 NW 100TH CT	PATIO HOMES OF DORAL PINE	3/2	1400	317	$245,000	$220,000	$157
8058 NW 108 CT # 0	ISLANDS AT DORAL	4/2.5	1901	208	$248,000	$220,000	$116
10700 NW 66 St # 513	CAPTIVA	2/2	1710	103	$249,000	$220,000	$129
9704 COSTA DEL SOL BL # 9704	COSTA DEL SOL	3/2.5	2107	5	$249,900	$260,000	$123
10852 NW 85 TE	ISLANDS AT DORAL	3/2.5	2014	20	$250,000	$250,000	$124
11213 NW 74 TE # 0	Polynesian Islands	3/2.5	1917	117	$260,000	$250,000	$130
11631 NW 51 LN # 11631	Doral Landings	3/2.5	1780	76	$275,000	$230,000	$129
5648 NW 113 AV # 5648	Sonoma	3/2.5	1910	59	$280,000	$250,000	$131
7931 NW 114th Ct # 7931	NETHERLANDS	3/2.5	2419	133	$287,900	$280,000	$116
11481 NW 81 LN # 0	THE NETHERLANDS	3/2.5	2016	25	$314,000	$280,000	$139
10720 NW 66 ST # 307	CAPTIVA CONDO	3/2.5	2490	75	$330,000	$315,000	$127
10578 NW 54 ST	DORAL SANDS	4/2	2465	37	$330,000	$310,000	$126
11247 NW 47 LN	BIARRITZ SUB PHASE 2	3/2.5	2312	166	$344,900	$335,000	$145
7584 NW 113 CT # 7584	POLYNESIAN	4/3	2097	73	$360,000	$345,000	$165
8508 NW 109 CT # -	Mediterranea	4/3	2322	7	$374,000	$373,000	$161
11230 NW 77 TE	DORAL ISLES NORTH SEC ONE	4/3	2471	14	$380,000	$385,000	$156
4806 NW 98 PL	DORAL WOODS 1ST ADDN	4/2	2155	20	$380,000	$335,000	$155
5300 NW 113 PL	DORAL LANDINGS EAST	4/2.5	2317	114	$389,000	$390,000	$168
6864 NW 109 AV	DORAL ISLES CARIBBEAN	3/3	2267	54	$395,000	$370,000	$163
4349 NW 113 PL	BALMORAL SUB PH 1	4/2.5	2253	44	$399,000	$387,000	$172
7045 NW 116 CT	DORAL ISLES ST LUCIA	3/2.5	2100	163	$415,000	$385,000	$183
9542 NW 47 TE	GOLDVUE ESTATES	3/2.5	2515	42	$418,000	$395,199	$157
4892 NW 112 CT	COSTA BONITA	4/2.5	2372	5	$425,000	$425,000	$179
4709 NW 96 PL	GOLDVUE ESTATES	3/2.5	2314	70	$435,000	$417,000	$180
7333 NW 113 CT	DORAL ISLES MARTINIQUE	4/2.5	2170	119	$439,990	$420,000	$194
9340 NW 50 CR # 0	DORAL COLONY	3/2.5	2110	229	$445,000	$440,000	$209
11178 NW 80 LN	ISLANDS AT DORAL 1ST ADDI	4/4	3410	164	$449,000	$390,000	$114
11292 NW 43 TE	BALMORAL ESTATES	4/3.5	2200	267	$455,000	$445,000	$202
5853 NW 112 CT	DORAL ISLES CAYMAN	4/2	2305	145	$459,000	$418,000	$181
11032 NW 84 ST	ISLANDS AT DORAL	4/4	3008	14	$499,000	$500,000	$166
11590 NW 87 LN	ST. MORITZ ESTATES	4/3	2409	27	$600,000	$590,000	$245
11230 NW 61 ST	DORAL ISLES RIVIERA	4/3	3295	238	$823,000	$800,000	$243
6513 NW 112 PL	DORAL ISLES RIVIEA AMENDE	4/3.5	3285	108	$1,325,000	$1,150,000	$350
11210 NW 71 ST	DORAL ISLES VENETIA REPLA	6/5.5	3826	83	$1,900,000	$1,730,000	$452

Doral Elects First Venezuelan Mayor, Luigi Boria

Doral has the highest population of Venezuelans in the United States at 20.6% and on November 27th, Doral elected Luigi Boria mayor, the first Venezuelan mayor of Doral. Mr. Boria took the election with just under 55% of the vote according The Miami Herald, beating Frank Bolaños. Mr. Boria succeeds former Mayor Juan Carlos Bermudez who had reached his term limit, serving as the second mayor of the city.

Mayor Boria and his family have lived in Doral for over 23 years and consider it home. Although he has three companies and is also an ordained minister, he says on his website that he considers himself a professional politician working for the good of his community. He is a supporter of keeping taxes at the same level (Doral has never had a tax increase since its incorporation in 2003), keeping Doral safe, and protecting the high quality of life Doral residents enjoy. He has shown this commitment while on the city council by supporting city ordinances to improve the infrastructure and beauty of the city without going further into debt. According to Mayor Boria's website, his goal as a public official is to, “put people before politics.”

The mayor is also a former city council member and attends Sunday service at Hispanic Christian church, Alpha and Omega in Miami. His children, Alexander and Maria Lorena formed the Grand Floridian at Doral, LLC with Juan Carlos Tovar, a young Venezuelan entrepreneur. The Grand Floridian at Doral owns 12 acres in northwest Doral and a 40 unit single-family home development is planned for this space and will cost close to $6 million to complete.

Mayor Boria was born in Caracas, Venezuela on April 23, 1958. His parents immigrated to Venezuela from Italy in search of a better life for their family. Boria paid his way through college by working for the General Motors Corporation, and in 1982 graduated from Universidad Catolica Andres Bello with a degree in accounting. He then married his college sweetheart, and now wife of thirty years, Graciela. They have two children, and two grandchildren. Mayor Boria opened his first company, The Magic Computer in 1983. His company was technology supplier for companies in Venezuela. Six years later he moved to the United States in order to grow his business. He then opened his second company, The Wise Computer in Doral which aimed to be a supplier for all of Latin America. TWC now employs more than thirty people. In 2008 he opened his third company, The Magic Computer, in Colombia. The Boria family is worth nearly $24 million, according to an article in The Miami Herald. Last year, the couple’s yearly income was $1.8 million. 

The Many Tastes and Flavors of Doral

Doral is a young city not only in age, but in population. The city was incorporated in 2003 and since that time, has grown to be one of the most popular places to live and work in Southeast Florida. According to City-Data, the median age in Doral is 34 years compared to 41 for the state. Many of the residents have international roots. Almost 80 percent of the population has Hispanic roots, with the Caucasian population coming in second at almost 15 percent. The Miami area has historically been an area that has attracted Cuban and Latin American immigrants. This creates a lively and vibrant community with a wide variety of restaurants and clubs to choose from not only within the city, but in the Miami area, which is just minutes from Doral.

Doral is a small city and many of the amenities offered are within walking distance of the upscale neighborhoods and developments located in Doral. The Doral Golf Resort and Spa is the largest and most popular gated community in Doral. It offers residents single family homes and condos from the mid $300,000’s to over $1 million. Located close to the Doral Golf Resort and Spa, Doral offers several restaurants offering a wide variety of cuisine. 

• Los Parrilleros on NW 41st street offers a mix of Argentinean and Italian food for lunch and dinner. Their specialties include Chilean Sea Bass, steak prepared several different ways, and a variety of other seafood. Desserts include the popular crepas parrilleras which are crepes filled with caramel and brandy topped with vanilla ice cream. On Thursdays, Los Parrilleros has live Tango with live music every Saturday evening. 

• Sushi Joe Japanese restaurant is just down the street from the above-mentioned restaurant and offers authentic Japanese cuisine. They are known for their popular Dragon Roll and Volcano Roll. Lunch specials include platters such as teriyaki chicken, sashimi, tempura, and rice. The dinner menu includes all types of sushi, tapas, salads, noodle and rice dishes, as well as entrees. These include pork cutlets, chicken, Japanese churrasco steak, and grilled salmon.

• Olivos is a Patagonia style Italian restaurant located on NW 41st street. This unassuming yet elegant restaurant offers an entire menu of fine dining, a full bar, and an excellent selection of wines. They offer lunch and dinner along with brunch on Saturdays and Sundays. One of the unique features of Olivos is the paring of wines and entrees. On the menu they offer Ravioles Fin del Mundo, a homemade black ravioli filled with southern crab in a chardonnay and crustacean sauce. This entrée is paired with a Reserva Chardonnay. Several other pairings of entrees and wine are also available.

• Soo-Woo Japanese and Korean Steakhouse specializes in sushi and sashimi. It is located just east of the Doral Golf Resort and Spa on NW 41st street. Guests can dine at hibachi tables and watch their entrees and appetizers prepared right in front of them. Soo Woo also offers traditional seating and a full menu of Japanese and Korean dishes. On Friday and Saturday nights, diners can enjoy live music with no cover. 

• Mondongos Columbian restaurant is located on NW 87th Avenue. It specializes in traditional Columbian dishes such as an Antioquian Authentic Food Platter. This includes beans, rice, crispy fat back, egg, ripe plantain, and steamed potato served with avocado, banana corn cake, lemon coriander, and sweet or hot red pepper. Another specialty of Mondongos is churrasco steak served with plantain, tomato, a steamed potato, and a corn cake. 

Restaurants and nearby Doral real estate This list is just a small sampling of the wide variety of cuisines available in Doral. Communities such as Doral Landings, Doral Grande, Costa del Sol, and the other upscale, gated communities in Doral are all within walking distance or just a short drive from some of the best and most varied restaurants in South Florida. Doral really has something for everyone with a healthy economy, affordable real estate and convenient location near the Miami area.

Eurosuites at Doral – A Slice of Urban Life

Many people call Doral their home, and with good reason. Doral has quickly become one of the most popular cities in the Miami-Dade area. It boasts spectacular weather, top rated schools, and a thriving business economy.

One of the most recent additions to the city is the highly acclaimed Eurosuites at Doral. This world class hotel offers more than just a vacation getaway. Eurosuites at Doral also offers condos for sale, and short or long term lease options. Eurosuites at Doral is known for its first class corporate housing, and offers several floor plans and leasing options. Visitors and residents at the hotel receive car rental discounts as well as discounts at the nearby Dolphin Mall.

Located one minute from Dolphin Mall and right in front of Miami International Mall, Eurosuites at Doral gives visitors and residents of the hotel close proximity to all Doral and Miami has to offer. Everything you need is just minutes away. The hotel is located at 1750 NW 107th Avenue near the junction of the Dolphin Expressway and Florida Expressway with the Miami International Airport only 13 minutes away. Restaurants like PF Chang’s, CineBistro, and Texas De Brazil Churrascaria are within walking distance. Golf lovers will find many world class courses close by. The Blue Monster golf course (home of many professional tournaments including the PGA) is just down the street from the hotel, only eight minutes away. Florida International University is also within walking distance, only five minutes from the hotel.

Eurosuites at Doral is the perfect solution for students studying at a nearby college or university or for business men and women looking for an upscale place to call home while in town. It has become the number one destination for Latin American travelers coming to the Miami area for shopping and sightseeing. If the location of Eurosuites at Doral isn’t enough to draw you into its beautifully appointed suites, the amenities offered to visitors and residents will be. These include:

• Valet parking and covered parking
• Concierge service from 8 a.m. to 9 pm.
• Furnished and unfurnished units available
• Washer and dryer ensuite available
• High speed internet in all suites

Eurosuites at Doral has been rated the healthiest building in the area. They achieved this goal by placing marble floors in the common areas, and laminate floors in the suites and condos. This eliminates many of the health issues harbored by carpeting.

The building consists of 300 units with about half of those used as residential properties. All of the units in the building have stainless steel appliances, premium Direct TV service with over 100 channels, and professional onsite security. Eurosuites at Doral also offers a unique One Payment Program. Your rent and utilities are combined into one convenient monthly charge. You don’t have to worry about signing up for utilities, or paying deposits for electric or water service.  This means you can write one check, and not worry about paying your bills, or missing a deadline. Another benefit of choosing Eurosuites as Doral is that they only require a seven-month minimum for those looking to lease. This minimum is only applicable when leasing directly from their residential offices.

Eurosuites at Doral provides one bedroom one bath and two bedroom two bath models. There is a unit for sale in Eurosuites at Doral that is on the fourth floor of the hotel. This spacious unit has 2 bedrooms, 2 full baths and is 713 square feet, listed at $240,000. It features granite kitchen countertops, stainless steel appliances, marble and wood floors, and a fabulous view of Doral. Both condos and rental units include all of the amenities of luxury hotel living.

There are currently ten units for sale and no units available for rent. As for unit leasing directly from their offices, there is currently a waitlist for those interested.

For anyone wanting a slice of urban living in the exciting and vibrant Doral area, this condo-hotel is the answer. Only minutes away from all that Doral and Miami offers, Eurosuites at Doral hotel is known as a world-class accommodation to all.