The significance of a store like IKEA coming to Doral is
monumental when you consider major chain retail stores do rigorous viability
studies to determine whether the area can handle and support such a store. With the growing population of Doral on its
own, not to mention the surrounding communities, of course Doral can support
IKEA! Residents within a 30 mile radius
flood the store when it opens each and every day. And, it is a day-long excursion with the
Swedish restaurant, cafe and market to fend off hungriness and so much to see.
New and Pre-Construction Communities in
Doral
Throughout the recession several years ago, Doral real estate seemed to
stay the course and show growth even while other parts of South Florida seemed
to hang on a vine. All that has changed
as real estate development is back with a vengeance. From Miami's financial hub, Brickell to the
Edgewater neighborhood and further west
to Doral, new residential communities and condominiums are under construction
or in the works.
In Doral, there are so many new communities attracting all
sorts of buyers who want to move here permanently or part time, or buy property
as rental investments. With their unique
style and architecture, neighborhoods
like Modern Doral, the Mansions at Doral, and Vintage Estates along with
condominiums and townhouse communities like City Place Doral and Downtown Doral,
beckon home decor from IKEA.
By the Numbers
Doral is probably the most well-known for its affordability
in addition to the Trump National Resort.
In Doral, the real estate accommodates a wide range of buyers from the
more affordable for first-time buyers and those wanting to scale down to the
more high-end buyer who has a certain lifestyle to maintain and wants a more
estate-style home. The best thing about
Doral is that home buyers have the opportunity to get more bang for their buck
with Doral real estate.
Single family homes in Doral neighborhoods are priced from
the low-$300s in neighborhoods like the Islands at Doral and Balmoral Estates
and climb to well over $3 million in Doral Estates and the planned community of
the Mansions at Doral. Other neighborhoods like Doral Isles offer several types of residential properties in all price ranges to fit with most every buyer. Overall the price
per square foot falls between the mid to upper -$200s and mid-$400s with some
below and above.
As for condominium and townhouse properties, list prices start in the upper-$100s and
climb to over $700K depending on the age and location of the property. The Greens at Doral, Doral Park and other
communities offer spacious condominium units and townhouses ideal for first
time buyers and investors wanting rental properties as list prices typically
fall between the mid to upper-$100s and the upper-$300s. On the high end, Doral Colony, an established
enclave of townhouses located in Doral Estates, and the newly developed Doral Cay feature larger properties that top $700K.
Doral's Upward Trend
Stores like IKEA are very particular about where they decide
to open a store. The market must show
definite viability in terms of being able to support a store of this size. By opening in Doral, IKEA shows that this
city is set to continue its upward trend.
Developers who have ventured west from Miami believe it too.
With the new subdivisions and condominium
communities under construction beginning to come to life, expect more businesses to
head in this direction too.
As the holidays approach and gift giving season goes into
full swing, make sure to spend some time
at IKEA -- you cannot go wrong with a gift from this store. IKEA has stepped up to support Doral so now
we must support it so make sure to spend some Christmas money at IKEA!
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