South Florida has ridden a huge wave out of the financial
debacle that sank the real estate market several years ago – and at a pretty
fast rate. Much of the rebound is due to
the influx of foreign buyers wanting a solid place to put their money that would
offer a good return. The US real estate
market – specifically Florida – fit the bill.
In a press release from the Miami
Association of Realtors, “Brazil again led all foreign countries searching
for South Florida real estate on the MIAMI Association of
REALTORS® (MIAMI) website in February 2015.” Additionally, according
to MAR, “Brazilians spend the most on South Florida properties among foreign
consumers, paying an average of $495,000. On average, Miami’s international
buyers paid $444,000 per purchase, compared to $245,000 statewide.”
The Doral real estate market is on an upswing in terms of
development by real estate developers that see the value. For foreign buyers
looking at South Florida as a place to invest, Doral real estate offers
significantly more property for the money.
When considering the above statistic, here are the top five Doral listings
under $500K:
10961 NW 65th Street, Doral
Isles Antigua, List Price: $499,900
This townhouse offers a beautiful lake view along with a
nice, open floor plan. Inside, owners
enjoy the gorgeous Italian kitchen with quartz countertops, wood floors, stainless
steel appliances and other upgrades. Doral Isles is one of Doral’s most
exclusive communities with amenities like an unbelievable community club house
with several resort-style pools, an unbelievable children’s playground,
basketball and tennis courts and more.
Antigua is a townhouse community that is situated adjacent to the
community’s club house and pools. There are currently only two listings in
Doral Isles Antigua and only one sale over the past six months at 95 percent of
the list price (average number of days on the market at 182 days). Doral Isles allows annual rentals; however,
there are none currently for rent in Antigua.
The average monthly rental rate for Doral Isles condominiums typically
ranges from around $1,800 to $3,000.
8759 NW 98th
Court, Grand Bay at Doral, List Price:
$499,000
Doral is well known for being home to several luxury
townhouse communities and Grand Bay at Doral is one of them. Just completed in the last couple of years,
Grand Bay Doral is a community of executive single-family homes and large
townhomes. This unit is situated on a single
house lot and features a full bed and bath on the main level along with three
bedrooms and two baths on the second floor.
Additionally, the large kitchen has stainless steel appliances, stone
counter tops and custom wood cabinets.
There are so many incredible fixtures and finishes throughout the house including
tile flooring on the first floor, wood on the second floor and a wonderful
patio to enjoy the Florida breezes.
Grand Bay Doral is a newer neighborhood just a short drive from Trump
National and top schools in Doral. There are currently seven townhomes listed
for sale in Grand Bay Doral with list prices ranging from the mid-$200s for two
bedrooms to almost $500K for four bedrooms. This townhouse is also available
for rent (furnished) at $3,000 per month.
5184 NW 108th Place, Piazza
Vecchia, List Price: $499,000
This four-bedroom, three-bath home is just under 2,400
square feet with a newly renovated kitchen, large, open living areas and a
private outdoor pool. Piazza Vecchia is
a small gated enclave of homes ideally situated in the heart of the City of
Doral close to shopping, top schools, golf and major arteries into and out of
the area. There are currently seven
listings in Piazza Vecchia with three having four bedrooms and three
baths. This listing is the lower priced
of the two listings. Three-bedroom
properties in Piazza Vecchia fall between the lower-$300s and mid-$400s while
the four-bedrooms start at just under $500K and climb to the mid-$500s. There is currently one rental listed with a
monthly rental rate at $2,350 (three bedrooms, two baths). Taking that average price per square foot,
investors can expect a monthly rental rate for this property to fall around
$3,000.
7031 103th Court,
Vintage Place, List Price: $499,000
Another new development that has finally come to fruition is
Vintage Doral, a community filled with beautiful Tuscan style single-family
homes and carriage houses (Vintage Place).
This carriage-style home features four bedrooms and three and a half
baths along with Italian custom cabinetry, porcelain flooring, marble bathroom
counter tops and so many more amenities.
Community amenities include a private gated entrance with a 24-hour
manned guardhouse, professional community management, private clubhouse overlooking a beautiful lake
complete with a fully-equipped adult fitness center and children’s playroom, a
library, a business center with media room and kitchenette, an over-sized swimming pool with spa, sun deck, a BBQ gazebo area and fountains and so much
more. One of the nicest features at Vintage Doral is the green park with trails
for walking, running and biking. With six properties listed for sale at Vintage
Place, this unit is one of the lowest priced in the community with the other
topping out at in the mid-$600s. Vintage
Place rentals are also available for rent with monthly rates ranging from
around $3,000 to $4,000.
10461 NW 61st Lane, Doral Cay,
List Price: $498,500
In addition to being located in the heart of Doral, this
brand new Doral Cay townhouse features four bedrooms and three baths under
2,100+ square feet of living space along with a great kitchen that has upgraded
counter tops, stainless steel appliances. Doral Cay is a gated community with a large
clubhouse, fitness center, resort-style pool, sun deck overlooking lake,
playground, guard house with 24-hour guard and so much more. The location only makes this one of the most desirable
neighborhoods in Doral as it is adjacent to the Morgan Levy Park and all it has
to offer and very close to top Doral schools and top Doral golf courses.
Currently, there are 15 listings in Doral Cay with list prices ranging from the
mid-$400s to mid-$600s. Additionally,
Doral Cay rentals typically range
between about $2,600 and $4,200 per month for an annual lease.
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