While much of South Florida and Miami are enjoying a
definite rebound of the real estate market over the past few years, Doral is
one Miami suburb that, in and of itself, is definitely on a roll. Much of the area’s development and sales came
to a screeching halt when the market crashed but Doral maintained a steady push
due in part to its affordability.
Real estate developers have been buying available land in
Doral with plans to develop condominium communities and single –family home
neighborhoods. Doral has a lot to offer
those moving to the area in terms of jobs and affordable housing not to mention
being a great place for families to settle.
On top of that, Doral is ideal for first-time buyers to get more home
for their money.
New Doral Communities in the Works
We have mentioned new Doral communities individually as they
were announced but decided an overview about four of the most talked about
projects in Doral. Pre-sales show that
these are set to be well sought after addresses with lots of excitement
surrounding them. Here are four of the
most talked about Doral real estate projects that are either underway or set to
begin construction:
Midtown Doral. The objective of Midtown Doral is to
create a pedestrian-friendly community that surrounds a spa-sized
clubhouse. This condominium community
will consist of six buildings each with eight stories that house (153) one, two
and three bedroom units as well as retail/business on the first floor of each
building. As the first LEED certified
development in the area, plans show tons of amenities including a large state
of the art fitness center and spa, restaurants and cafes and so much more for
people living there. Inside each
residence, clean lines are the focus with a contemporary design and
technological advances throughout the home.
Four story garages are also to be scattered around the development. The sizes of each residence range from about
1,080 to almost 2,140 square feet with list prices starting under
$280,000. Payment schedules consist of 10 percent down
with four fractional payments of 10 percent each with the remaining 50 percent
due at closing. Reports indicate that
when pre-sales started last summer, the first building sold out in 20 days. The development should start construction in
the very near future building the development in stages with two buildings in
each stage.
Modern Doral. Jumping from
condominiums to single-family homes, our next community is Modern Doral. We talked about this new Doral neighborhood
back in February 2013 when it was announced.
Modern Doral brings an entirely new architectural aesthetic to Doral
with the contemporary styled homes that are reminiscent to the sleek look of
Miami decades ago. The community plans
show that there will be unbelievable community amenities as well as 150,000
square feet of retail space for restaurants, shopping and more. The large development is divided into three gated
smaller neighborhoods – Modern Doral 75, Modern Doral 60 and Modern Doral 45. Each neighborhood’s homes vary in size and price
but feature amazing amenities and style with gourmet kitchens, rooftop
balconies, floor to ceiling windows and more.
The square footage of homes ranges from just over 3,600 square feet to
over 5,500 square feet with list prices falling between the mid to upper-$700s
to about $1.4 million. Payment schedules
require a deposit at reservation with fractional payments due at certain stages
of construction.
Downtown Doral. Downtown Doral is a mixed-use
neighborhood that will consist of condominium residences, townhomes,
apartments, retail, charter schools, state of the art fitness center and
more. The idea is to create a kind of
city with a city concept where residents can have everything within hand’s
reach. One of the best attributes of
Downtown Doral is its location adjacent to the Trump National’s Blue Monster
Course. The Townhomes at Downtown Doral list prices range from the mid-$400s to over $600K with square
footage between about 1,800 and 2,500 square feet. At
5252 Paseo, the condominium, list prices start in the mid-$200s and climb to
the mid-$500s with sizes from 750 to almost 1,600 square feet. Just like the other new developments,
reservations are taken with a down payment and fractional payments that total
50 percent of the sale price while the remaining 50 percent is due at closing.
IVI Doral. A new development we have not featured, IVI
Doral is a new luxury neighborhood of single family homes. This beautiful oasis is centrally located in
Doral close to the Miami International Mall, Trump’s Doral Golf Resort & Spa,
restaurants, nightlife, entertainment, parks, and highways. IVI Doral is
a gated community with 24-hour security and other amenities including a private
clubhouse, an oversized swimming pool, a fully-equipped fitness center, and
more. Filled with large single family
homes, plans show sizes range from about 3,200 square feet to over 6,700 square
feet with list prices starting in the mid to upper $900s. The first phase of IVI Doral has sold out
with more in the works.
Set to Explode
With the entire area enjoying the rewards of increased sales
in new construction and re-sales as well as the initiative that developers are
taking with condominiums and single family home neighborhoods, Doral’s real
estate market is set to explode over the next couple of years.
