Doral Colony - A Golfer's Paradise

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.