Doral Neighborhoods Offer Excellent Rental Investments

A Miami Today article indicated that the majority of Miami Dade County homeowners are absentee owners – either living elsewhere and spending time here (snowbirds, business people) or investors who own rental property with tenants residing in them.  In fact, “Of the nearly 352,000 condominium units in the county, 37 percent, or 130,000, had a homestead exemption, according to the Miami-Dade Property Appraiser’s 2014 preliminary tax rolls released mid-year.”  Only 37 percent!

While there are slightly more condominium units in Doral with homestead exemptions, more than half do not claim this tax exemption. “County commission district 12, which includes the City of Doral, has 34,402 condominiums, with 46.5 percent of them homesteaded, according to the property appraiser.”  With this in mind, we thought we would look at a few Doral condominium and townhome communities to look at the numbers in terms of sale prices, how long it takes to sell and what kind of rental rates they fetch. 

Doral Isles.  If you have spent any time in Doral, you know that Doral Isles is a very highly sought after neighborhood in which to live.  And just like most any area in Miami-Dade, there are rental properties available.  In fact, many people who want to live here end up renting as it may not be a possibility to own a home in this neighborhood.  For investors looking at Doral Isles, there is a mix of single family homes, townhomes and condos making for a lot of variety.  A condominium in Doral Isles starts in the low-$200s at The Courts at Doral Isles or The Gates at Doral Isles and climb to the upper-$200s or low-$300s where townhouse list prices at Doral Isles North, Martinique and Caribbean start, and surpass $500K.  On the lower end of the spectrum, the condominium residences at The Courts and The Gates at Doral Isles fetch monthly rental rates anywhere from about $1,700 to over $2,500.  Doral Isles real estate offers investors a good opportunity to own rental property that has a solid rental history.

The Reserve at Doral.  There are two sections of the Reserve at Doral – east and west.  Each has its own clubhouse and pool while both have easy access to the major thoroughfares.  Unlike many of the other more contemporary or Mediterranean designs, the Reserve at Doral is a community of ice cream colored townhomes with three and four bedrooms and a Charleston feel to the architecture.  The Reserve features list prices starting in the mid-$300s for a three bedroom property and climbing to over $500K for a four-bedroom.  In the past six months, five properties have sold an average sale price per square foot at about $182 and the average number of days on the market at about 230 days (includes one property that took over 18 months to sell).  Rental rates range from about $2,400-$2,500 to over $3,000 per month.  Currently, there are about five properties for rent at The Reserve at Doral East which is pretty typical at any given time.  Because the Reserve is home to larger townhomes that are 2,000+ square feet in size and have ideal amenities like a pool, fitness, and more at the club houses, they are very sought after with those who want to live in Doral.  Most are rentals are annual leases with renewal options making it very appealing for investors who want a steady stream of income from their investment.

St. Maarten at Grand Bay.  As part of the exclusive and new development, Isles at Grand Bay, St. Maarten offers resort-style amenities to residents like a large clubhouse with oversized pool and sundeck, a kids’ water park, aerobics and fitness rooms, tennis, basketball, playground, park area and more.  Interior features include gourmet kitchens with granite counter tops, stainless steel appliances and custom cabinetry. St. Maarten is centrally located in Doral close to shopping, golf and the major arteries into and out of Miami-Dade County.   In terms of real estate investments, properties for sale at St. Maarten at Grand Bay are offered at list prices ranging in the mid to upper-$200s.  Rental rates fall between about $1,700 and $2,500 per month. 

Just the Tip of the Iceberg

These communities are just the tip of the iceberg when it comes to Doral rental property.  For renters, there are so many options when considering leasing a home in Doral whether a condominium, townhome or even a single family home.  While Brickell, Downtown Miami and the up and coming areas like Edgewater offer a certain appeal, traveling a few miles west offers a lot more living space and saves renters a ton of money.

Investors see the value of investing in Doral real estate.  Another Miami Today from August 2014 stated that “rents west of I-95 have increased 17.7 percent, according to data CraneSpotters.com compiled from the Southeast Florida Multiple Listing XChange.”  

IKEA: Doral's Newest Appeal

 There is nothing like that planned trip to IKEA -- we all plan it with our friends -- a day filled with wandering through one of the most wonderful stores in the world.  And in Doral, residents have had the opportunity to  stroll in the recently opened IKEA store in their own backyard.  IKEA not only brought top notch home shopping to this Miami suburb, it also brought 350 additional jobs to the area.

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!

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 93^rd 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 93^rd 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. 

For Sale at Doral Colony

6095 NW 104^th 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.

Doral Cay Real Estate

9333 NW 50^th 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 50^th 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.

Top Five Doral Listings Under $500,000

When it comes to an area of South Florida that has a booming real estate market, Doral is the first city that comes to mind.  With several luxury neighborhoods and condominium communities under development and homes in well-sought after neighborhoods selling fairly fast, it is easy to see why Doral real estate is on the radar.  

Probably the biggest advantage is how affordable it is.  When you compare what you can buy in Doral versus what you can buy in neighborhoods in Miami, you can see how much more you can afford simply moving west a bit.  Here are the top five Doral listings under $500,000.  

11082 NW 86^th Terrace, Islands at Doral Madeira, List Price:  $500,000

Located in the luxurious Islands at Doral, this townhome, situated in the Madeira section, is large and has so many upgraded fixtures and finishes to make it absolutely beautiful.  Probably its most attractive attribute is its guest bedroom located on the main floor.  The residence features only tile floors on the main level with fabulous glass porcelain upstairs.  The bedrooms are spacious with closets designed by California Closets. It is simply a wonderful townhouse.  There are currently eight homes for sale in Madeira with list prices ranging from the mid-$300s to the mid-$500s.  Six of the eight listings are 2,097 square feet in size (including this listing) and have four bedrooms and three baths.  As an investment property, townhomes at the Islands at Doral may be rented on short or long term leases.  Rental rates fall between $2,400 and about $3,500 per month. 

11308 NW 43^rd Terrace, Balmoral Estates, List Price:  $499,999

This home is located in the gated community of Balmoral Estates and is definitely a home that must be seen.  It has tons of upgraded fixtures and finishes including crown molding throughout the home, a gourmet kitchen with all wood cabinets, granite counter tops and stainless steel appliances, and so much more.  Homes for sale in Balmoral Estates typically range between the mid-$400s to over $600K.  In the past six months only two homes have sold – very quickly we may add (within 14 days of listing).  Additionally, there are currently four homes for rent with monthly rental rates falling between about $2,400 for a smaller home to about $3,500 for a home similar in size to this listing. 

10888 NW 58^th Terrace, Doral Isles Antilles, List Price:  $499,990

As the lowest priced home in the exclusive Doral Isles Antilles, this gorgeous three-bedroom, two-bath home has so many features that we do not know where to begin.  Probably the most noticeable is the fully renovated white kitchen with sleek granite counter tops and contemporary-styled cabinets.  Additionally, there are marble floors throughout the home that boasts a full two-car garage, accordion shutters and a fully fenced backyard.  Doral Isles is home to one of the best community pools and clubhouses in all of Doral not to mention its own park.  Single family homes in Doral Isles (entire community) typically start in the mid-$300s and climb to over $1.5 million with homes ranging between just under $500K and about $1 million in Doral Isles Antilles.  Over the past six months, four homes in Doral Isles Antilles have sold with the average number of days on the market sitting at about 90 days however, of the four homes, three sold in less than a month while the other took almost a year to sell.  As for rentals, while there are rental properties scattered throughout Doral Isles, Antilles is more for homeowners.  If one does come available for rent, it is scooped up very quickly.

10750 NW 66^th Street, #108, Doral Isles Captiva, List Price:  $499,000

Here is another home in a Doral Isles neighborhood – Captiva.  This is Doral Isles condominium community with six separate condominium buildings in this tiny neighborhood.  Inside this residence are three bedrooms, two and a half baths with a beautiful panoramic view of the lake. This property is one of the larger ones with over 2,800 square feet under roof.  Plus it comes with all of the perks of living in Doral Isles including the soccer & basketball fields, huge swimming pools, sauna, gym, playground & miles of jogging paths. Living here is definitely a resort lifestyle! In terms of real estate, listings in Captiva range from the mid-$200s to about $500K.  Over the past six months, 10 residences have sold with the average DOM at about 140 days.  As for investment property, there are currently eight units for rent with monthly rates falling between $2,100 and $3,000.  These are much smaller units each encompassing up to 1,900 square feet.  Captiva allows annual leases with renewal options for longer periods of time.

7512 NW 107^th Place, Reserve at Doral, List Price:  $499,000

When it comes to townhouse living, the prime unit in which to live is a corner unit where you only have one neighbor.  This is that townhouse.  It has four bedrooms and three and a half baths along with beautiful marble floors and more.  The open floor plan has over 2,300 square feet that includes a great gourmet kitchen with all the bells and whistles everyone loves.  Outside there is a fenced-in paved patio that looks out over the entire length of lake.  In addition to everything inside, this property comes with a two-park garage as well as two parking spaces.  The location of this unit is excellent as it is next to the club house, fitness center and pool.  There are currently 21 properties for sale at the Reserve at Doral with list prices ranging from the upper-$300s to almost $800K – price per square foot averaging about $208.  Over the last six months, only two townhouses sold with the average DOM at 97 days.  Currently there are 12 townhouses for rent with monthly rates from about $2,400 to $3,200 for annual leases.

Full of Affordable Options

It is amazing to see the amount of house you can buy in Doral for $500K when you compare it to other more expensive areas around our city.  Even with so many new neighborhoods and condominium communities in the works, Doral real estate is still full of affordable options in all of South Florida.  As the average DOM continues to decline (that is a good thing), the list constantly changes to show new properties coming on the market as well as those that have sold.

Five Newest Doral Real Estate Listings

It is no surprise that as we move along into 2014, the real estate market keeps moving.  Back in November, we featured new Doral real estate listings as we like to do periodically.  With a new year underway, we want to revisit the newest listings to give you a taste of what has been listed for sale in the last three days.  Whether you want a single family home or condominium, there are so many options from which to choose.

10481 NW 48 Street, Doral Dunes, List Price:  $825,000

This home is located in Doral Dunes, a gated community within the Doral Park Country Club neighborhood.  Not only does it offer everything in one of Doral’s premiere neighborhoods, it backs up to water and looks out over the Jim McLean Signature Course.  Along with the perks that come with the Doral Park Country Club  membership (pool, tennis, gym, sauna and more), it features four bedrooms and two and a half baths as well as balconies with wonderful views, accordion shutters, a large kitchen and living area, and a large master suite with sitting area.  The 2,900+ -square foot home sits on an oversized cul-de-sac lot making it such a fantastic home for a family. 

11380 NW 52^nd Lane, Doral Landings East, $425,000

This is an absolutely lovely home in very popular and exclusive Doral Landings East.  With 2,253 heated square feet, this is a two-story home with five bedrooms and three bedrooms as well as a two-car garage and lush tropical landscaping.  Additionally, it features a large kitchen with stainless steel appliances and tons of counter space.  The bedrooms have hardwood floors and lots of space.  Doral Landings East is close to top rated schools as well as excellent shopping and dining.  It offers easy access to the main travel arteries into and out of South Florida.  On top of all of this, the community amenities include a community pool, playground and 24-hour gated security.  This is a huge opportunity to live in one of Doral’s premiere neighborhoods.

10733 NW 81^st Lane, Santorini, Islands at Doral, List Price:  $325,000

Located in the much loved Islands at Doral, this Mediterranean-style townhouse offers three bedrooms and two baths along with a nice large garage. Built in 2007, the kitchen has granite counter tops, dark custom wood cabinets (lots of them too) and up-to-date black appliances.  Unique characteristics include the arched doorways leading from one room to another and the fenced in brick paver patio in the rear yard.  Additionally, the clubhouse and pool amenities are only a short block or two away – perfect for an easy, little walk with the kids.  For investors looking at rental property, Santoriniallows a maximum of two leases per year making it possible to offer this one up as a long-term rental. 

10901 NW 83^rd Street, Promenade Shores, #101, List Price:  $259,975

Situated on the first floor, this three-bedroom, two-bath unit features a private backyard with a lake view. Inside the roomy kitchen, there are custom wood cabinets, granite counter tops and stainless steel appliances.  With tile in the main living areas and carpet in bedrooms, this unit is ideal for a business professional who spends a good deal of time in Doral, small family, young couple or investors looking at rental properties.  Residents have full access to the amenities at the Islands of Doral including pool, tennis courts and more.  Plus Promenade Shores is close to shopping, dining, golf and the main highways into and out of the area.  For investors, rental rates for similar units typically fall between about $1,700 and $2,300 per month with the community allowing annual leases. 

5300 NW 87^th Avenue, #203, The Blue Resort, List Price:  $195,000

It is finally time to bring in one of the nicest smaller properties geared towards professionals, investors or retirees who want to come for short visits several times a year.  The Blue Resort is a premiere golf resort with the opportunity to own real estate within the resort.  This studio unit encompasses over 700 square feet of living space and is fully furnished and decorated with gorgeous modern design.  Inside the unit, the kitchen features a range, dishwasher, refrigerator and lots of counter space.  Additionally, there is a large patio that looks out over one of Doral’s premiere PGA golf courses.  It does not get any better than this especially for serious golfers.   For investors, the Blue Resort allows up to six leases per year making it perfect for short-term and seasonal rentals.  Professionals can benefit from owning this unit to use themselves or offer up for clients to stay while on golf trips.

Poised for More Growth

There is so much happening in Doral with new communities and neighborhoods under construction.  It is definitely an exciting time to invest in such a growing part of Miami Dade County.  As more and more comes to Doral, this area is poised for more growth which will be reflected in Doral real estate.

Top Five Newest Doral Listings under $300,000

Doral real estate offers much more affordable than other parts of South Florida do.  Because of this, the real estate market tends to change rather quickly.  Over the last week, over 60 Doral properties have been listed for sale.  Of those, over 40 percent are listed  under $300K many of which are in some of Doral's most sought-after neighborhoods.  It is a great place for investors, first time buyers and those wanting vacation homes in Florida to consider.  Following are the top five newest Doral listings under $300,000 (listed in past seven days).

For Sale at Costa del Sol

3627 Torremolinos Avenue, #B-111, Costa Del Sol, List Price:  $285,000

This 1,700+ square foot townhouse in well sought-after Costa Del Sol and features three bedrooms and two and a  half baths which is perfect for a small family, retirees or even a single person.  With lots of room and a nice contemporary style, it has been very well maintained.  In addition to being around the corner from the Costa Greens Golf Club, it is just a short drive from Doral Golf Resort and Doral Park Country Club not to mention International Mall and Dolphin Mall.  Costa Del Sol is  very popular and a top pick to live as the residences are large, open and very stylish.

For Sale at Hawksnest

4243 NW 112th Court, Hawksnest, List Price:  $279,000

This two-bedroom, two-bath townhouse located in Hawksnest, features a big kitchen with tons of counter and cabinet space along with room to move.  Additionally, the upstairs bedrooms are roomy and have beautiful hardwood floors.  Outside, there is a fenced-in, clay-tiled patio that complements the Mediterranean style architecture and is ideal for entertaining or simply entertaining friends or simply enjoying the Florida sunshine.   Hawksnest is a lovely gated community of townhomes with a community pool, play area for children and a club house.  It is situated just off the Turnpike within a 10 minute drive or less to shopping and Doral's best golf courses as well as 15 minutes from Miami International Airport. 

For Sale at the Courts at Doral

6740 NW 114th Avenue, #728, The Courts at Doral Isles, List Price:  $256,000

Located in the ever popular Doral Isles, this three-bedroom, two-bath townhouse is spacious and has lots of storage and closets.  The kitchen is wonderful with stainless steel appliances, shiny tile floors and tons of cabinet space.  There is a beautiful courtyard overlooking a tranquil lake  and shared with neighbors.  In addition, owners have access to the Doral Isles community amenities including pools, a gorgeous children's playground and park, and more.  Doral Isles is a huge gated community that so many have a huge desire live. 

For Sale at The Promenade at Doral

11002 NW 83rd Street, #226, Promenade at Doral, List Price:  $255,900

The Promenade at Doral is the home of this gorgeous, updated townhouse with three bedrooms and two baths,  In the kitchen, there are granite counter tops, stainless steel appliances and sleek kitchen cabinets as well as tile floors.   Another huge bonus is that the large master suite is situated on the main level with two additional bedrooms and bath upstairs.  There is a balcony that is perfect for enjoying the warm Florida breezes.  Community amenities include a wonderful playground for kids, tennis courts, and pool in addition to its close proximity to golf, shopping and excellent schools.   

For Sale at Leeward at the Islands at Doral

8244 NW 107th, #1-14, Leeward at the Islands at Doral , List Price:  $255,000

As a short sale, this is a huge opportunity to live in one of the most sought-after townhouse communities in all of Doral.  This Mediterranean-style end unit features four bedrooms and three baths, and is perfectly situated close to the pool and club house.  The kitchen is large with tons of counter and cabinet space while the living area open and airy.  The Islands at Doral has so much to offer its residents including its ideal location near excellent schools, top golf courses and Doral's best shopping venues.  It is perfect for a family or executive who spends a quite a bit of time in Doral as well as investors looking for larger rental properties. 

Buy More Home in Doral

For many, whether buying a first home, vacation home, or investment property, it is important to buy smartly.  Doral real estate offers buyers the chance to buy more home than possible in other parts of Miami-Dade County.  In addition to the 60+ properties listed over the past week, there are many others still waiting for the perfect buyers.  As the real estate market continues to improve, this is an excellent time to buy real estate in Doral.

Top Five Doral Waterfront Condos

When we think of waterfront property in South Florida, we typically think of canal, bay and oceanfront properties.  But for the interior cities in Miami-Dade County like Doral, waterfront properties are primarily situated on lakefront lots.  Most lakes are created when neighborhoods are developed and offer tranquil surroundings for the residents who are lucky enough to call these beautiful properties home.  

Several neighborhoods are laid out to make small lakes the focal points with townhouses and condominiums surrounding them.  For those who are looking at Doral real estate, Doral waterfront condos are an excellent option.  Following are the top five Doral waterfront condos on the market:

7512 NW 107th Place, The Reserve at Doral, List Price:  $555,000
As big as many Doral single-family homes, this gorgeous end-unit townhouse encompasses 2,700 square feet and has four bedrooms and three baths. The Reserve at Doral has a traditionally updated Bermuda-style architecture with gorgeous tropical landscaping all around.  The details are numerous with an open floor plan that houses a huge kitchen with tons of granite counter tops, stainless steel appliances, custom cabinets, and a raised breakfast bar.  The large master suite is located on the second floor and features an elegant veranda overlooking the peaceful lake.  Other high-end finishes include a mix of hardwood and marble flooring (even in the garage) and arched doorways.  A nice bonus with this listing is that the residence is listed fully furnished with professional interior designs.  The Reserve at Doral offers residents full use of the communities such as a wonderful club house with fitness center, a resort-style outdoor pool, privacy entry gate and more.

For Sale at Reserve at Doral
11610 NW 75th Street, The Reserve at Doral, List Price:  $550,000
This end-unit townhouse-style condominium residence features four bedrooms and three baths under 2,688 square feet.  Built in 2011, it offers beautiful lake views from the rear balconies and side windows.  A nice feature in the layout is the large kitchen with all of the high-end finishes expected like granite counter tops with a raised breakfast bar, stainless steel appliances and custom built cabinetry along with a small den or home office situated just off the kitchen.  The large master suite with spa-like bath is located on the first floor with three other bedrooms upstairs.  With hardwood and tile floors, this is a spectacular home in a very well sought after neighborhood in Doral.  

For Sale at Doral Isles

11200 NW 73rd Street, Doral Isles Martinique, List Price:  $498,000
At just under 2,300 square feet, this three-bedroom and three-bath townhouse is situated on the corner and features extra windows that let in tons of natural light.  The all-white interior includes a beautiful all white kitchen with tons of counter and cabinet space.  An upstairs loft looks over the entry way more wide open space.  In addition to the townhouse amenities, Doral Isles has a great clubhouse with enormous outdoor pool and play area.  This property is perfect for small families and those wanting a second or vacation home.  

10932 NW 67th Street, Doral Isles Caribbean, List Price:  $480,000
This is another Doral Isles townhouse property with perfect lake views. Featuring a large kitchen with granite counter tops and tons of custom-designed cabinetry, the townhouse also features four bedrooms and two baths.  Doral Isles is a premiere Doral community and offers tons of amenities including a wonderful resort-style swimming pool, children’s play area, tennis courts, a modern and large club house and so much more.  Built in 1998, this townhouse is just waiting for new owners to give it the TLC it needs.  

10805 NW 75th Street, The Reserve at Doral, List Price:  $479,900
Built in 2008, this townhouse at the Reserve at Doral is situated in a perfect spot away from the traffic of the main arteries with beautiful lake views.  The kitchen offers granite counter tops, stainless steel appliances and custom cabinetry.  As one of the most desirable neighborhoods in Doral, The Reserve features private entry gates, a wonderful club house, state of the art fitness area, pool and so much more.  This property is an excellent investment as it has a lease in place.  Rental rates for similar Doral rentals at the Reserve at Doral range from $2,300 to $2,600 per month.

A Different Approach to Waterfront Condos 
Doral real estate offers a different approach to waterfront property in South Florida.  Developers create the relaxed and peaceful atmosphere by building homes around neighborhood lakefronts.  In Doral, there are so many options for waterfront condos with list prices starting in the upper-$100s and climbing to the mid-$500s as noted above.  Appealing to many buyers, these condominiums and townhouses are wonderful investments for primary and vacation homes.

The Enclave at Doral

Situated in the heart of Doral, the Enclave at Doral is a private gated condominium community.  It is home to 13 buildings surrounding a beautiful lake and features beautiful and lush landscaping that has the look of a tropical resort. 

Its location in the middle of Doral is ideal as it is close to everything.  Shopping centers with groceries and other necessities are just blocks away while other centers like Miami International and Dolphin Malls are less than 10 minutes away.  In terms of travel, the Enclave offers easy access to the Florida Turnpike and Dolphin and Palmetto Expressways while Miami International Airport is only 20 minutes away – all making travel into and out of South Florida very easy to navigate.

For golfers, the Enclave is less than five minutes from most any of the championship golf courses in Doral.  The Doral Golf Resort, Costa del Sol and others are so close that it is very common to see residents loading up the trunks of their cars to head out for the day.

Amenities at the Enclave at Doral

Amenities at the Enclave at Doral are abundant and make the community very appealing.  Not only does it have a private, gated entrance with an access controlled, tele-entry system, it offers residents use of a large club house that encompasses a business center, sports bar, library, a state of the art fitness center with racquet ball courts, and more.  Outside, in addition to the large resort-style swimming pool with sun deck, spa and hot tub, residents enjoy walking or running along the quarter-mile jogging trail that circles the lake and use of the tennis courts, and picnic area with barbeque pavilion.  All of the green space provides plenty of areas for residents with four-legged friends. 

Inside each residence, the layouts of each unit are open to create very comfortable living spaces.  Fixtures and finishes make these homes very attractive and include an open living area that opens to a private patio or balcony overlooking the tranquil lake, a fully equipped kitchen with tons of counter space, large bedrooms with walk-in closets and spacious baths.  Because the community was built in 1998, it is not uncommon for there to be remodeled kitchens with upgraded finishes and appliances. 

Real Estate

The Enclave at Doral includes 13 buildings are a mix of two and three-story structures with a total of 258 units encompassing seven floor plans.  The square footage ranges from a 734 square foot one-bedroom residence to almost 1,250 square feet for a three-bedroom unit.

Currently, there are 14 units listed for sale with prices falling between the mid-$100s and low-$300s for one, two and three bedroom residences.  Over the past six months, 13 units have sold with sale prices ranging from just under $100K to the mid-$200s.  The average number of days on the market is about 114 days but includes one unit that was for sale for over 750 days.  When taking that one out of the mix, the average drops to just over 60 days which indicates the popularity of the Enclave at Doral. 

Real estate investors should find the Enclave at Doral very appealing as rental rates fall between $1,300 and about $1,600.  With the very affordable sale prices, owning Doral rentals at the Enclave at Doral is an excellent investment.

A Well Sought After Community

The Enclave at Doral is a very well sought-after community in Doral.  Its location is a primary advantage as well as everything offered to residences.  Because they are affordable and have so many amenities, this is a perfect community for first-time buyers as well as vacation home owners.   

What $200K Buys in Doral

Living in South Florida sometimes can come with a hefty price tag depending the location and type of property.  But by living in Doral, real estate is more affordable and makes it easy for first time buyers as well as investors to buy property.  With this in mind, we put together a list of what $200K buys in Doral real estate. 

For Sale at Eagle Cove

10953 NW 43^rd Lane, Eagle Cove, List Price:  $200,000

Here is an opportunity to buy a nice size 1,470 square foot townhouse in gated  Eagle Cove.  Inside, there is a ton of open living space along with two bedrooms and two baths.  Built in 1998, the kitchen has recently been remodeled.    Eagle Cove is close to shopping, restaurants, Doral golf courses and excellent schools.  Because this is a short sale, this is a great chance to buy property in an area where comparable properties are listed between the mid-$200s and the upper-$300s.  As for rental investments, monthly rates in range anywhere from $1,800 to about $3,000 depending on the size and location of the townhouse.  This is an excellent opportunity to get a great deal in a very well-sought after community.

For Sale at the Blue Hyatt

5300 NW 87^th Avenue, #1215, Blue Hyatt, List Price:  $200,000

A one-bedroom, one-condo at the Blue Hyatt is a perfect spot to spend the winters in South Florida.  This is a huge opportunity own real estate at one of Doral’s premier resorts.  Golfers have access to premiere golf courses with excellent shopping and dining close by for everyone else.  The unit is fully furnished with a gorgeous contemporary design with the balcony overlooking the golf course.  Property owners have the opportunity to put their unit in the rental pool for guests and have access to other amenities including a fresh water pool, 24-hour security, state of the art fitness center, concierge, in-room dining and other Hyatt hotel extras.  As an investment property, similar units have rental rates between $1,850 and $2,200 per month.  In terms of vacation property, this unit at the Blue Hyatt is a real possibility.

For Sale at Leeward

8432 NW 107^th Street, #3-35, Leeward, List Price: $200,000

Location is the word of the day with this townhouse located in Leeward.  East of the Turnpike and other traffic arteries into and out of Miami-Dade County, this Mediterranean-style townhouse, in one of the best communities in all of Doral – Islands at Doral, features a spacious living area along with a mix of flooring throughout both floors.  With almost 1,600 square feet and three bedrooms and two baths, this is an excellent property for first-time buyers as well as investors and families who want the ease of condominium/townhouse living.  Currently, of the four units for sale at Leeward, this is the largest and least expensive.  As a comparison, six similar properties at Leeward have sold in the past six months with sale prices between the upper-$100s to mid-$200s.  As the months have progressed, so have the sale prices.  This is also an excellent alternative to hotel living for professionals who spend decent lengths of time in Doral for business.

For Sale at Doral House

9725 NW 52^nd Street, #312, Doral House, List Price:  $199,000

Doral House is situated in one of Doral’s best areas – Doral Park.  This two-bedroom, two bath unit encompasses a split floor plan with just over 1,100 square feet and looks out over one of Doral’s top golf courses from the screen balcony.  Residents enjoy a community pool, a large clubhouse with gym and sauna as well as a playground for kids, restaurant, bar, tennis courts, 24-hour security, and more.  In addition to this unit being for sale, it is also listed as an available rental for $1,600 per month. 

For Sale at Doral Oaks

9735 NW 52^nd Street, #411, Doral Oaks, List Price:  $199,000

Doral Oaks is a premiere community in a premiere Doral neighborhood.  From the screened-in porch that provides lake and golf course views to the beautifully remodeled interior with Italian ceramic floors, granite counter tops and stainless steel appliances in the kitchen and so much more, this is a great unit to own.  It also includes a membership to Doral Park Country Club and its amenities including tennis courts, pool and other amenities.  One-bedroom units are rarely for sale in Doral Oaks and when they are, they sell quickly.  In terms of properties for sale, there is one other one-bedroom unit for sale.  While there are not any one-bedroom rentals currently available, the monthly rental rate should fall between $1,500 and $1,800.  

Look to Doral Real Estate

Doral is full of property priced around the $200K mark.  At that mark, condominium units are the most prevalent with single family homes starting in the mid-$200s.  Many condominiums have residences that have been remodeled with upgraded and modern fixtures and finishes start in the low-$200s.  For first time buyers, investors, and those who want to get more for their investment look to Doral real estate.