Saturday, February 23, 2013

Doral Rentals for $2,000 per Month

Doral is a part of Miami/Dade County that is growing by leaps and bounds.  Because of its popularity with the professional sector and other industries, Doral is a primary location for businesses and industries that specialize in importing and exporting.  It is common for many business people who have offices in South Florida to live and work in Doral.  Real estate investors are drawn to Doral real estate simply because of the investment opportunities. 

On the opposite end of the spectrum, there are also Doral residents who prefer to rent property and can afford more spacious and luxurious rentals.  Condominium and townhouse communities offer rental properties that accommodate short and long term leases with easy maintenance and management. 

While there are many rental properties to fit most any budget, the $2,000 benchmark affords larger and very nice rental accommodations.  Following are the properties available in the $2,000 per month range:

11615 NW 78th Lane, Doral Isles North, Monthly Rental: $2,000
This spacious townhouse is located in one of Dora’s nicest communities.  With three bedrooms and two and a half baths, it features carpets, laminated flooring and lovely canal views.  Close to A+ schools, the community offers access to a club house, tennis courts and swimming pool.  Recently painted, this  unfurnished property is move-in ready for an annual lease.

5300 87th Avenue,  #1210, Blue Resort Hotel, Monthly Rent:  $2,000
Ideal for those who spend winters in Florida or are in Doral on several occasions for business, this one-bedroom/one-bath  unit features Italian furnishings along with stainless steel appliances, flat screen televisions and more.  Included in the rent are cable and internet services as well as electricity.  The Blue Resort Hotel is a condo-hotel property that offers access to the resort’s golf course, pool and other hotel amenities.  This fully furnished unit offers short and long term rentals. 

5187 NW 103rd Avenue, Doral Cove,  Monthly Rent:  $2,000
This townhouse encompasses 1,900 square feet and includes three bedrooms and two baths.  Along with a nice kitchen, spacious rooms and more, this unit in Doral Cove is rented unfurnished and available for annual lease.

11001 NW 43rd Lane,  #11001, Eagle Cove, Monthly Rent: $2,050
Located in the heart of Doral, this fabulous townhouse is in an ideal spot as it is situated as a corner unit.  With a fenced in back patio, it features large open kitchen with lots of counter space, washer and dryer, garage and tons of closet and storage space.  Available on an annual lease, this 1,600 square foot townhouse offers lots of enjoyment and the feeling of living in a single family home.

5425 NW 112th Place, #542, Doral SE PatioHomes, Monthly Rent:  $2,100
This gorgeous townhouse is just less than 1,900 square feet and is home to three bedrooms and three baths.  With one bedroom and bath located on the first floor, other features include a two-car garage, formal dining room, large family room and a great island kitchen.  High ceilings and tile floors on the first floor make this a great choice.  The rental is available on an annual lease with the option to renew.   

9923 Costa Del Sol Boulevard, #B-107, Costa del Sol, Monthly Rent:  $2,100
This 1,700+ square foot condominium features lots of space, a large kitchen with tons of counter space, and beautiful lake views.  The community features a resort atmosphere with tennis courts, a community pool, access to excellent golf and much more.  Close to excellent schools, this three bedroom/two and a half bath unit is available for annual lease. 

Affordable Luxury
One of the best attributes of Doral is  that it offers affordable luxury.  For those who want the ability to have a nice home with a reasonable rental payment or for investors who are interested in strong rental histories on investment properties, Doral rentals are the ideal opportunities.


Monday, February 18, 2013

Modern Doral

Modern Doral is a new project that is still in the planning stages of development by Terra Group, one of Miami’s premier residential and commercial developers.  Terra envisions this new residential development to be as modern as its name.  With clean, sharp lines and an ultra-contemporary style, Modern Doral will definitely push the envelope past the usual aesthetics of the typical Doral real estate.  David Martin, President and Chief Operating Officer of Terra Group, said in a recent article in the Miami Herald, “We’re going to be doing modern architecture for the first time in the city of Doral. We plan to have clean lines with a lot of glass. It will be very interesting architecture.” 

Developer Rendering -- Subject to Change
While construction and site development have not yet begun, Modern Doral has already garnered a lot of curiosity and interest.  Without a doubt, the property in high-end, gated Doral community will become a well sought-after place to live. 

Modern Doral’s Players
Under development by Terra Group, the entire community has a look and style that is kind of new to the area while, at the same time, a new contemporary design that seems to be coming to the forefront of more urban neighborhoods.  Terra Group is a Miami based developer known for developments such as such as 900 Biscayne Bay, Reserve at Doral, and Quantum on the Bay just to name a few.  In Doral, they are also in the midst of developing two other new communities -- Vintage Estates and Doral Cay. 

Location
Located in the heart of Doral, Modern Doral is situated on 74th Street between 94th and 107th Avenues.  It is close to the major thoroughfares and arteries into and out of Miami and South Florida not to mention Miami International Airport.  Modern Doral is also within a short drive to the exclusive Doral Golf Resort and Spa as well as gorgeous area parks and excellent shopping.
 
Ranked #2 on Forbes Magazine’s List of “Best Places to Live,” Doral is a great place for people in any phase of their lives to settle down.  Because of the increase in professional business and high quality schools and the quality of neighborhoods, Doral has become a great place for families.  Doral’s population has more than doubled since 2000.  

Amenities
The homes in Modern Doral will take on a new appeal and luxury in a community that has a very “modern” atmosphere.  While the details have not been released on the individual amenities in each home, one can only assume that the fixtures and finishes will be of the highest quality and style to compliment the architecture of the homes.   

As for community amenities, the community will feature a private 24-hour guarded gate, lush, tropical landscaping and a great clubhouse with community pool.  Additionally, Modern Doral will feature an adjacent shopping center to be anchored by a grocery store and other retail stores.  As the population increases so too does the need for necessary conveniences.

Real Estate
Modern Doral will be made up of three separate subdivisions that encompass three different styles of homes.  Two will feature single family homes while the third will feature smaller cluster homes.  While the style and look of the homes will be similar, they will vary in size from slightly more than 3,100 square feet to over 4,400 square feet. 

Pre-sales have begun at Modern Doral.  The first group of reservations is set to go to contract in the next month or so.  Site development will begin in September with construction on homes starting in December.  The first move-in is slated to be somewhere around may 2014. 

List prices for homes at Modern Doral fall between the mid-$700s and mid-$800s for the smaller cluster homes to almost $1.3 million for larger homes.  The following payment schedule gives potential buyers a rough idea of what is expected to buy property in Modern Doral: reservation -- $50K to $100K depending on the lot and size of home; at contract -- 10% of the sale price; site development -- 5% of the sale price; home construction -- 5% of the sale price; roof top out -- 10% of the sale price; and, closing -- balance of sale price.

Modern Doral’s Departure from the Norm
Because Modern Doral is featuring a new take on design and architecture, it is a true departure from the norm.  Martin says “this is our last opportunity to develop something in Doral, and we want to do something design driven,” in the same Miami Herald article mentioned earlier.  With the area being almost full developed, land is not something that is abundant.  

Potential buyers who like a clean, contemporary style should definitely consider Modern Doral.  It appears to be a very sophisticated and upscale neighborhood that will also be in high demand.  

Sunday, February 17, 2013

Doral Real Estate Market Update - January 2013

In the following table you can see all closings in the Doral area (zip code 33178) for the month of January of 2013. There were a total of 54 closings. The main statistics are:
  • Average price per square foot: $176
  • Lowest price per square foot: $102 (Islands at Doral)
  • Highest price per square foot: $341 (Doral Estates)
  • Number of studios sold: 2
  • Number of 1 bedrooms sold: 5
  • Number of 2 bedrooms sold: 8
  • Number of 3 bedrooms sold: 22
  • Number of 4 bedrooms sold: 11
  • Number of 5 bedrooms sold: 6
  • Average discount: 4.56%
Units at The Gates at Doral, Balmoral at Doral and Doral Sands were the quickest ones to go pending sale in one day.
the gates at doral
Address Community Bed/Bath Living Area Days on Market List Price Sale Price Price per sq ft
9774 NW 46 TE # 1 THE GREENS AT DORAL 1/1 907 57 $110,000 $115,000 $127
11479 NW 60 TE # 366 THE GATES 2/2 980 0 $120,000 $155,000 $158
4877 NW 97 CT # 387 THE GREENS AT DORAL 1/1.5 899 51 $120,000 $118,000 $131
9741 NW 48 TE # 317 THE GREENS AT DORAL 1/1.5 899 10 $135,000 $135,000 $150
4733 NW 97 CT # 45 THE GREENS AT DORAL 1/1.5 899 10 $135,000 $135,000 $150
4695 NW 97 CT # 32 THE GREENS AT DORAL 1/1.5 899 10 $135,000 $135,000 $150
5300 NW 87 AV # 303 The Blue at Doral 0/1 705 69 $160,000 $155,000 $220
5300 NW 87 AV # 103 THE BLUE HYATT 0/1 705 84 $170,900 $165,000 $234
5670 NW 116 AV # 104 LAS BRISAS 2/2 1050 29 $185,000 $180,000 $171
7340 NW 114 AV # 203 Palm Gardens 3/2 1109 5 $189,000 $185,000 $167
6740 NW 114 AV # 721 The Courts at Doral 3/2 1534 9 $190,000 $200,000 $130
5240 NW 109 AV # 105 VERANDA AT DORAL 2/2.5 1190 446 $192,000 $188,000 $158
8039 NW 108 PL # 0 ISLANDS AT DORAL 4/3 1901 274 $193,000 $193,000 $102
5570 NW 107 AV # 910 Costa Linda 3/3 1460 5 $195,000 $210,000 $144
7290 NW 114 AV # 208-7 PALM GARDENS AT DORAL 2/2 969 135 $195,000 $135,000 $139
8802 NW 109 CT # 607 Ibis at Doral 2/2 1303 20 $200,000 $190,000 $146
8999 NW 107 CT # 215-1 CORONADO 2/2.5 1151 17 $215,000 $205,000 $178
10885 NW 89 TE # 220 CORONADO AT DORAL II 2/2.5 1123 32 $220,000 $205,000 $183
11102 NW 83 ST # 222 PROMENADE 3/2 1429 124 $222,000 $220,000 $154
7661 NW 116 AV # 0 Doral Isles N Section 3/2 1516 61 $230,000 $230,000 $152
11620 NW 51 LN # 0 DORAL LANDINGS 2/2 900 24 $235,000 $222,500 $247
10150 Costa Del Sol Blvd # F COSTA DEL SOL KATERA 3/3 1983 108 $239,900 $230,000 $116
5410 NW 107 AV # 505 COSTA LINDA 4/3 1580 25 $240,000 $230,000 $146
11002 NW 83 ST # 213 PROMENADE 3/2 1429 55 $247,900 $215,000 $150
5620 NW 107 AV # 1508 Costa Linda 4/2.5 1776 12 $249,000 $220,000 $124
11506 NW 48 TE # NA Dimensions at Doral 3/2.5 1530 10 $249,000 $195,000 $127
11643 NW 78 ST # 0 Windward Isles 3/2.5 1691 6 $259,900 $252,500 $149
5640 NW 115 CT # 101 LAS BRISAS AT DORAL 3/2 1260 51 $270,000 $255,000 $202
7604 NW 114 PA # 0 DORAL ISLES 3/2.5 1501 67 $275,000 $246,000 $164
9846 COSTA DEL SOL BL # J-94B Costa Del Sol 4/3 1712 77 $275,000 $272,000 $159
11625 NW 78 LN # - WINDWARD 3/2 1691 107 $295,000 $280,000 $166
9934 COSTA DEL SOL BL # G-90 COSTA DEL SOL 3/2.5 1712 27 $320,000 $320,000 $187
10710 NW 66 ST # 113 CAPTIVA 3/2 1710 46 $345,000 $300,000 $175
11349 NW 73 TE DORAL ISLES MARTINIQUE 3/2 2103 5 $350,000 $350,000 $166
5461 NW 112 CT # 5461 las cascadas 3/3 2100 5 $360,000 $355,000 $169
9877 NW 49 TE # 9877 DORAL WOODS 3/2.5 1950 17 $375,000 $330,000 $169
4441 NW 113 PL BALMORAL SUB PHASE II 3/2.5 2227 39 $399,900 $379,500 $170
9450 NW 47 TE GOLDVUE ESTATES 3/2 1934 66 $400,000 $370,000 $191
10755 NW 75 ST # 0 THE RESERVE AT DORAL 3/3 1975 167 $430,000 $392,500 $199
8120 NW 115 CT # 0 ISLA MARGARITA AT DORAL 5/4 2559 392 $434,990 $434,990 $170
4401 NW 113 PL BALMORAL SUB PH 1 4/3.5 2382 21 $449,000 $437,500 $184
11274 NW 43 TE BALMORAL SUB PHASE III 4/3 2200 0 $468,000 $460,000 $209
10940 NW 67 ST DORAL ISLES CARIBBEAN 3/3 2267 24 $475,000 $460,000 $203
7233 NW 113 CT # 7233 Doral Isles Martinique 3/3 2274 7 $485,000 $465,000 $204
11146 NW 79 LN ISLANDS AT DORAL 5/4.5 3629 16 $499,900 $499,900 $138
10600 NW 54 ST DORAL SANDS 4/4.5 3064 54 $547,900 $525,000 $171
5271 NW 106 CT DORAL SANDS 4/2 2465 0 $560,000 $540,000 $219
10934 NW 59 ST DORAL ISLES ANTILLES 4/3 2528 120 $570,000 $565,000 $223
10957 NW 73 TE DORAL ISLES ST CROIX 5/3 3144 141 $580,000 $607,000 $193
8503 NW 115 CT ISLANDS AT DORAL MENORCA 5/4.5 3629 21 $699,000 $665,000 $183
5224 NW 94 PL DORAL ESTS 5/4 4140 0 $729,000 $650,000 $157
7001 NW 107 CT DORAL ISLES ST CROIX 1ST 5/3 3341 22 $850,000 $800,000 $239
5863 NW 111 AV DORAL ISLES ANTILLES 4/3 2645 51 $999,000 $900,000 $340
5433 NW 94 PL DORAL ESTATES 4/3 2786 3 $1,000,000 $950,000 $341

Doral Real Estate Market Update - December 2012

In the following table you can see all closings in the Doral area (zip code 33178) for the month of December of 2012. There were a total of 69 closings. The main statistics are:
  • Average price per square foot: $159
  • Lowest price per square foot: $92 (Doral Oaks)
  • Highest price per square foot: $244 (Doral Estates)
  • Number of studios sold: 0
  • Number of 1 bedrooms sold: 2
  • Number of 2 bedrooms sold: 16
  • Number of 3 bedrooms sold: 32
  • Number of 4 bedrooms sold: 16
  • Number of 5 bedrooms sold: 2
  • Number of 6 bedrooms sold: 1
  • Average discount: 5.23%
A unit at Coronado at Doral was the quickest one to go pending sale in one day.



Address Community Bed/Bath Living Area Days on Market List Price Sale Price Price per sq ft
7300 NW 114 AV # 109-6 PALM GARDENS AT DORAL 2/2 969 247 $109,300 $117,900 $122
4360 NW 107 AV # 301 ENCLAVE AT DORAL 1/1 743 15 $120,000 $120,000 $162
9735 NW 52 ST # 103 Doral Oaks Condo #1 2/2 1475 57 $130,000 $135,000 $92
3543 ESTEPONA AV # 4 Costa del Sol 2/2 1560 13 $147,000 $170,000 $109
4350 NW 107 AV # 307 ENCLAVE AT DORAL 1/1 743 14 $158,000 $148,000 $199
7200 NW 114 AV # 208 PALM GARDENS AT DORAL 3/2 1109 3 $164,987 $155,000 $140
7360 NW 114 AV # 204-3 Palm Gardens 2/2 910 5 $165,000 $169,000 $186
7220 NW 114 AV # 31216 Palm Gardens 2/2 910 8 $165,000 $167,000 $184
7220 NW 114 AV # 30616 Palm Gardens 2/2 910 8 $165,000 $165,000 $181
7220 NW 114 AV # 30516 Palm Gardens 2/2 910 9 $165,000 $165,000 $181
9751 NW 49 TE # 418 The Greens 2/2 1349 10 $169,900 $165,000 $122
8246 NW 108 AV # 7-16 Leeward Islands at Doral 3/3 1507 293 $180,000 $182,500 $121
5675 NW 109 AV # 37 DORAL GRAND CONDO 2/2 1170 35 $180,000 $175,000 $150
5640 NW 115 CT # 206 LAS BRISAS 2/2.5 1150 30 $180,000 $181,000 $157
7270 NW 114 AV # 207-9 PALM GARDENS 3/2 1109 7 $190,000 $185,000 $167
5245 NW 112 AV # 103 VERANDA AT DORAL 2/2.5 1190 4 $195,000 $180,000 $151
5675 NW 109 AV # 39 Doral Grand Condo 3/2 1330 66 $195,000 $175,000 $132
4760 NW 114 AV # 201 VILLA DORAL CONDO N4 2/2 1010 108 $199,000 $124,000 $123
9735 NW 52 ST # 415 Doral Oaks Condo 2/2 1475 11 $204,000 $180,000 $122
5632 NW 112 CT # 5632 Sonoma at Doral 3/2.5 1510 7 $210,000 $210,000 $139
3809 ALCANTARA AV # 0 COSTA DEL SOL 2/2.5 1423 11 $215,000 $200,000 $141
9755 NW 52 ST # 117 DORAL HOUSE CONDO NO. 1 2/2 1230 10 $219,000 $203,000 $165
8833 NW 107 CT # 204 CORONADO 2/2.5 1123 210 $220,000 $215,000 $191
11062 NW 89 TE # 1703 Ibis Villas at Doral 4/2.5 2206 12 $224,900 $235,000 $107
8800 NW 107TH CT # 10/203 CORONADO 3/2.5 1256 0 $225,000 $195,000 $155
8258 NW 108 PL # 7-4 Leeward 3/3 1462 34 $225,000 $230,000 $157
5722 NW 101 CT PATIO HOMES OF DORAL PINE 3/2 1421 70 $225,900 $210,000 $148
11202 NW 83 ST # 106 PROMENADE 3/2.5 1312 35 $230,000 $210,000 $160
8258 NW 108 PL # 8-4 Leeward 3/2.5 1589 18 $235,000 $225,000 $142
8900 NW 107 CT # 111-3 Coronado at Doral 3/2 1207 79 $238,500 $230,000 $191
11523 NW 80 ST # 0 THE NETHERLANDS 3/2.5 2157 71 $245,000 $245,000 $114
10097 NW 57 TE PATIO HOMES OF DORAL PINE 3/2.5 1928 27 $249,000 $243,000 $126
4884 NW 107 # 4884 COSTA BRAVA 4/2.5 1880 8 $249,900 $285,039 $152
10844 NW 84 ST # 10844 islands at doral 4/3 2322 592 $251,300 $265,000 $114
5776 NW 100 AV PATIO HOMES OF DORAL PINE 3/2 1400 19 $252,500 $250,000 $179
7638 NW 116 AV # 0 WINWARD 3/2.5 1501 15 $255,000 $240,000 $160
10043 NW 43 TE # 0 DORAL CHASE 3/2 1525 4 $260,000 $230,000 $151
11501 NW 89 ST # 103 St. Moritz 3/2.5 1207 56 $260,000 $260,000 $215
7829 NW 108 PL # 7829 ISLANDS AT DORAL 3/2.5 1691 14 $265,000 $265,000 $157
4501 NW 102 Ct Doral Place 3/  .5 1525   $265,000 $265,000 $174
5608 NW 113 AV # 0 SONOMA 3/2.5 1910 31 $265,000 $260,000 $136
7773 NW 114 PA # 7773 DORAL ISLES NORTH 3/2.5 1701 60 $269,900 $265,000 $156
8048 NW 108 CT # . Antillas 3/2.5 1501 233 $275,000 $265,000 $177
10720 NW 66 ST # 301 CAPTIVA CONDOMINIUMS 3/2 1950 15 $279,500 $265,000 $136
5757 NW 113 AV # 5757 SONOMA 4/3.5 1800 15 $297,000 $285,000 $158
7710 NW 115 CT # 0 DORAL ISLES 4/2 1901 164 $299,000 $251,000 $132
5155 NW 106 AV DORAL GLEN 4/2 2140 98 $325,000 $345,000 $161
10952 NW 48 LN # 0 Savannah at Doral 3/2.5 2190 110 $330,000 $320,000 $146
5546 NW 112 PA # - Las Cascadas 3/2.5 2241 17 $345,000 $330,000 $147
10848 NW 51 LN PIAZZA VECCHIA 15800 SW 8 3/2.5 2281 97 $349,000 $345,000 $151
9750 NW 51 LN DORAL LAKES 4/2.5 1928 125 $350,000 $350,000 $182
10896 NW 51 LN PIAZZA VECCHIA 15800 SW 8 3/2.5 2353 192 $365,000 $360,000 $153
10720 NW 66 ST # 507 DORAL ISLES CAPTIVA 3/2.5 2490 12 $370,000 $363,000 $146
6880 NW 109 CT DORAL ISLES CARIBBEAN 4/3 2268 7 $385,000 $385,000 $170
5565 NW 112 PA # 0 LAS CASCADAS 4/2.5 2280 251 $389,000 $357,500 $157
11051 NW 87 LN ISLANDS AT DORAL 4/3 2097 112 $395,000 $370,000 $176
10987 NW 87 LN # 10987 ISLAND AT DORAL 4/3 2097 55 $398,000 $385,000 $184
11225 NW 74 TE # 11225 POLYNESIAN AT DORAL 4/2.5 2217 16 $410,000 $390,000 $176
11326 NW 72 LN DORAL ISLES MARTINIQUE 3/3 2274 39 $415,000 $410,000 $180
4706 NW 95 AV GOLDVUE ESTATES 3/2.5 2393 23 $429,000 $400,000 $167
11290 NW 48 TE COSTA BONITA 3/2 2010 45 $445,000 $415,000 $206
10579 NW 57 ST DORAL SANDS 4/2.5 3255 285 $485,000 $470,000 $144
11235 NW 79 LN DORAL ISLES NORTH SEC ONE 4/4 3110 54 $579,000 $530,000 $170
5932 NW 110 CT DORAL ISLES ANTILLES 3/2.5 2237 70 $589,000 $530,000 $237
5601 NW 105 CT DORAL SANDS 5/3.5 3100 236 $595,000 $570,000 $184
11310 NW 61 ST DORAL ISLES RIVIERA 5/3 3346 41 $605,000 $629,000 $188
11030 NW 58 TE DORAL ISLES ANTILLES 4/2.5 2656 56 $699,000 $570,000 $215
9465 NW 54 TE DORAL ESTS 4/3 4502 148 $1,400,000 $1,100,000 $244
4844 NW 94 PL DORAL ESTS AMD PALT 6/6.5 7000 435 $1,750,000 $1,080,000 $154
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