Monday, July 28, 2014

What $300K Buys in Doral

Now that the real estate market is really back in business, people are becoming more interested in buying real estate again.  Whether looking for investment opportunities, buying a first home or vacation property, or even looking to downsize, Doral real estate offers many options to buy residential property at a reasonable price.  In fact, there are over 250 priced at $300K and below which is why so many buyers are turning their heads west towards this growing Miami-Dade community.     Following are current properties listed for sale to show what $300K buys in Doral:

8243 NW 107 #6-13, Leeward Islands, List Price:  $299,999
This is a wonderful two-story townhouse at Leeward in the Islands at Doral.  One of the most appealing features is that there are four bedrooms and three baths of which a full bed and bath are situated on the main level with the others upstairs.   Ideal for a family, this property is open and inviting with nice features such as  tile floors on the first level and laminate flooring on the second as well as stairs.  Leeward is ideally located close to shopping, schools and golf.  Additionally, it offers easy access to major thoroughfares into and out of South Florida.  There are 14 properties for sale at Leeward with comparable units priced between $299,999 and $350,000 (this is the most efficiently priced unit of this size).  Over the past six months, three units have sold with sale prices $275,000 and $280,000 and the average number of days on the market at 118 days.  As for rental investments, Leeward is very popular with renters and features monthly rental rates $1,800 and $2,100 (four bedrooms and three baths) for annual leases. 

5630 NW 114 Path #101, Las Brisas at Doral, List Price:  $300,000
This single-story corner unit features three bedrooms, two baths and a nice kitchen with room to move.  Built in 2000, Las Brisas is a guard-gated community and perfect for anyone wanting extras like tennis courts, a fitness center, pool and even a playground for kids.  It is centrally located close to schools, shopping and restaurants.  Additionally, Las Brisas at Doral is just a short drive from excellent golf courses including Trump National.  There are currently 13 units for sale each offering two and three bedrooms with square footage between 1,260 and 1,420 square feet.  Over the past six months, three properties at Las Brisas have sold of which two have three bedrooms.  The average number of days on the market for these three was 157 days.  Las Brisas at Doral properties are excellent investments with rental rates for similar units coming in around $1,800 to $2,000 per month for annual leases.

8960 NW 97th Avenue, #202, St. Maarten at Grand Bay, List Price:  $300,000
Newly built in 2013, this is a wonderful unit at the highly sought after Grand Bay.  It features over 1,200 square feet that encompasses a large and roomy kitchen with granite counter tops, stainless steel appliances and custom cabinets as well as three bedrooms and two and a half baths.  In addition to lovely lake views, Grand Bay has excellent amenities including an expansive two-story clubhouse with oversized pool, sundecks, a kids’ water park, fitness center with aerobics rooms, tennis and basketball courts, a great playground, park area and more. Other similar properties have similar list prices.  This property is under lease until January 2015 with similar properties for rent with rental rates between $2,000 and $3,000 per month.   Grand Bay is a new community with a lot to offer.

10710 NW 66th Street, #413, Doral Isles, Captiva, List Price:  $300,000
This is a huge opportunity to live in highly sought after Doral Isles Captiva.  The features include two bedrooms and two baths, hardwood floors throughout the unit along with arched doorways and a lovely kitchen with tons of counter and custom cabinet space.  In the main living area, there is a stunning tray ceiling that highlights the room.  Nothing compares to living in Doral Isles with all the amenities.  The pools alone are spectacular as are the clubhouse, fitness center, playgrounds and more.  Add to that the fact that the community is gated makes this the best place to live.  Additionally, major thruways into and out of South Florida are very close by for easy access.  List prices at Captiva are priced between the upper-$200s and the mid-$400s with two-bedrooms priced up to the mid-$300s.  Investors should note that rentals in Captiva have monthly rates from about $2,000 to $4,000.   This is an excellent opportunity to buy great Doral real estate that is ideal for first-time buyers, investors and those who want to downsize or buy vacation property. 

3870 Alcantara Avenue, #73C, Costa del Sol, List Price:  $303,000
Costa del Sol is a wonderful gated townhouse and golf community centrally located in the heart of Doral.  This residence features two bedrooms and two and a half baths plus a den as well as a brand new kitchen with stainless steel appliances and double granite counter tops, custom California closets, and continuous Spanish ceramic floors throughout the entire residence.  Costa del Sol offers residents tons of amenities including a great playground for kids, a wonderful community pool, a golf club and more.   Properties at Costa del Sol are priced between the high-$200s and mid-$400s for two and three bedroom townhouses.  Over the past six months, 21 residences in Costa del Sol have sold with sale prices falling between the mid and upper-$200s and the average number of days on the market at about 93 days.  For investors, rental rates at Costa del Sol range between $2,000 and $3,000 per month. 

Lots of Options for $300K
Doral real estate offers lots of options for about $300K.  By heading west a short distance from Miami, potential buyers can get much more bang for their buck.  Whether a first time buyer, someone who is interested in vacation property or investor wanting rental property, Doral is a great place to consider. 

Sunday, July 13, 2014

Top Five Doral Condominium Listings

The Doral real estate market is always changing.  Not only are there new properties listed every day, increased development of new communities and neighborhoods is on the rise in this growing Miami-Dade city.  Because many of the residences here are second homes and investment property, condominiums and townhouse properties are very popular in Doral.  Here are the top Doral condominium listings:

4957 NW 93rd Place, Doral Colony, List Price:  $750,000
Doral Colony is an enclave of townhouses in Doral Estates, one of Doral’s most exclusive neighborhoods.  This open and airy townhouse is situated along the Trump National Golf Resort and features three bedrooms and three baths.  The property features a new kitchen with stainless steel appliances, custom cabinets and tons of counter space.  Additionally, there are other appealing assets including a loft that can be used as an additional sitting room or home office as well as a small breakfast nook with adjoining den area, a two-car garage, and large screened-in patio.  The fixtures and finishes here incorporate marble and hardwood flooring, cathedral ceilings, hurricane impact windows and a brick paver driveway and sidewalk.  Located directly across from the community pool and tennis courts, this residence is ideal for retirees who may want to downsize or executives who spend a lot of time working in Doral. 

4959 NW 93rd Doral Circle, Doral Colony, List Price:  $675,000
This is a rare one-story residence at Doral Colony.  It offers two bedrooms and two and a half baths plus a den (ideal for a third bedroom) plus a new gourmet kitchen with granite counter tops, tons of custom cabinet space and stainless steel appliances.  This is the perfect spot for golfers as it sits on the grounds of Trump National Doral. Additionally, the bathrooms have been remodeled and there are built-in closets and so much more.  The screened in rear patio showcases gorgeous water view and the newly rebuilt fairway of one of Florida’s most treasured PGA courses.  Because Doral Colony is located in the prestigious Doral Estates, there is 24-hour private security patrol as well as a lovely gated and private community pool and tennis courts for residents and their guests.  We cannot say enough about this special property.  It has so much to offer its owners. 

6095 NW 104th Path, Doral Cay, List Price:  $650,000
Here is a phenomenal opportunity to own a gorgeous townhouse in the new and exclusive Doral Cay.  With four bedrooms and three and a half baths under over 2,800 square feet, this residence has tons of upgrades including an amazing gourmet kitchen with quartz counter tops, tiled back splash custom cabinets and stainless steel appliances as well as 24” x 24” porcelain tile floors throughout the downstairs and bathroom areas and hardwood and carpeted floors upstairs.  The residence has a nice outdoor area that faces the community’s lake.  Ready for move-in, Doral Cay offers residents tons of community amenities like a 24-hour guard gated entrance, elegant clubhouse with fitness center, children’s play area, meeting rooms and more, an infinity pool and spa, children’s water park on the pool deck, covered BBQ area and more.  Doral Cay is centrally located near shopping, restaurants, the malls and the soon to open IKEA located just north of Dolphin Mall.  Doral Cay is a special place to live where you feel like you are always on vacation.

9333 NW 50th Doral Circle, Doral Colony, List Price:  $650,000
A brick paver sidewalk leads to this unbelievable residence in Doral Colony.  Another one-story property, features abound to make this a perfect place to live in Doral.  From the upgraded gourmet kitchen with stainless steel appliances, granite counter tops and contemporary custom cabinetry to the open and airy living areas, no stone has been left unturned here.  There are three bedrooms and two full baths which includes a large master suite with an elegant and roomy master bath and tons of closet space.  The rear screened in patio offers lake views with newly constructed Trump National Doral fairways across the water.  Doral Colony is one of Doral’s most prestigious townhouse communities with well-maintained and tropical landscaping as well as 24-hour security patrol located within gated and exclusive Doral Estates.  This is the perfect neighborhood for avid golfers and those who are retired with a desire to downsize without giving up luxury.

9339 NW 50th Doral Circle, Doral Colony, List Price:  $648,000
This Doral Colony property was originally listed in April but underwent a price reduction recently still keeping it as one of the top condominium listings in Doral.  Located in Doral Estates, this Doral Colony condominium is ideally situated as a corner unit with three bedrooms and two and a half baths.  It offers wide open living areas with cathedral ceilings as well as a recently remodeled kitchen with granite counter tops, stainless steel appliances and beautiful custom cabinets.  Doral Colony is one of the nicest and most exclusive areas of Doral in which to live and has wonderful amenities including a beautiful community pool and tennis courts.  The large screened-in patio faces the water with golf course fairways in view from a distance.  Imagine enjoying lunch on your patio as you watch the WGC-Cadillac World Championship golfers hitting their balls across the fairway. One of the nicest features at Doral Colony is that it is established and is full of tropical landscaping that is mature and colorful. 

Tons of Doral Condominium and Townhouse Listings
While the top listings are located in Doral Colony and Doral Cay, there are tons of Doral condominium and townhouse listings throughout this ever-growing community.  More and more development is in the pipeline bringing additional Doral real estate ownership opportunities.  While the rest of the country has spent the last couple of years rebounding from dismal real estate losses, Doral has defied the norm and continued to prosper just as it will do as time moves on.
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