Doral Colony is a small community of townhomes and
condominiums situated in the exclusive Doral Estates. Surrounded by the PGA golf courses of Donald
Trump’s Doral Resort and Spa, Doral Colony is a top choice among avid
golfers. The community was built in two
phases and completed in 1988. This
close-knit community is home to only 84 townhomes and condominiums in a quiet
and tranquil setting with most residences facing perfectly designed and
landscaped fairways.
Location
Situated inside Doral Estates, Doral Colony is located in
the heart of Doral. While it is
literally close to everything, it has the appeal of being set away from the
traffic and action of this rapidly growing city. Doral Colony is within a short distance to excellent
restaurants and shopping including Miami International Mall and Dolphin Mall. Additionally, the major thoroughfares leading
to downtown Miami as well as the Port of Miami and Miami International Airport
are within a short drive to this exclusive neighborhood.
The city of Doral was incorporated in 2003 and has grown by
leaps and bounds since then by creating a balanced combination of business and
residential appeal. Because it is so close
the area’s major transportation hubs, several corporations have placed their
headquarters or opened offices in Doral including Carnival Corporation and a
subsidiary, Carnival Cruise Line, Perry Ellis and many more.
Amenities
With Doral Colony condominiums and townhomes, homeowners
enjoy the ease of living here with excellent amenities. Not only are the homes situated on the
fairways of the WGC-Cadillac Championship Golf Tournament, homeowners enjoy
living a country club lifestyle with tropical landscaping surrounding the beautiful
pool and tennis courts. Additionally,
the entire community has 24-hour private security ensuring privacy and safety
for all residents.
Since the community is about 25 years old, many of the individual
homes have been remodeled with updated features and finishes. Each home is very spacious and features two
and three bedrooms with a bonus of having master bedrooms located on the first
floor in the two-story townhomes. Other
highlights include large kitchens with lots of counter space, screened in
lanais or glassed in atriums with beautiful views of the golf course, large
bedrooms with walk-in closets, fireplaces that create a warm atmosphere and spacious
two-car garages.
Doral Colony Real Estate
Doral Colony real estate is very popular with buyers wanting
a second home in South Florida as well as international buyers who conduct
business in the Miami area. Additionally,
investors seek out opportunities at Doral Colony for rental property.
List prices typically fall between about $300K and $700K
depending on the size and location with the community. In 2012, eight sold with sale prices ranging
from the low $400s to almost $600K. Doral
Colony’s popularity is very evident by noting that homes on the market stay for
an average of only 89 days (three months).
In terms of additional costs for homeowners, there is an annual HOA fee of
$800 to $900 with property taxes anywhere between $6,000 and $8,000 annually
(subject to change).
As for rental property, this is an excellent investment opportunity. Doral Colony rentals have monthly rental rates that range from about $2,500 to $3,500. And, just as the homes sell quickly, they
also rent in a timely manner.
A Golfer’s Paradise
Doral Colony is often referred to as “a golfer’s paradise.” After one look at this beautiful community, it
is easy to see why. Because it is so
highly sought after, it is a great opportunity to invest in Doral real estate.
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