Living in South Miami, High Pines, and Coral Gables
Categories: Coral Gables, High Pines, Real Estate News, South Miami
hiAbutting High Pines and partially in Coral Gables and Dade County is the expensive section known as “Davis Ponce”. The major difference between the the homes in Davis Ponce and High Pines are the larger lots and larger homes in Davis Ponce . As of September 24, 2009 there were 31 single family homes for sale in Davis Ponce with list prices ranging from $6,250,000 to $1,190,000 and a median price of $2,900,000. The per sq. ft. price ranged from $956 to $254. In the past 6 months there have been 3 closings in Davis Ponce: 1 for $4,665,000 ($524 per sq. ft) on 3/31, 1 for $2,080,000 ($244 per sq. ft.) on 7/23, and 1 for $2,280,000 ($467 per sq. ft.) on 8/03. There are presently 3 pending sales: 1 with a list price $5,550,000, 1 with a list price$1,950,000, and 1 with a list price $1,599,000.
Since the Davis Ponce area is such an upscale neighborhood with its attendant expensive homes, sales have been down. But, the community is beautiful,is close in, and is near a number of good public, parochial, and private schools so it is hoped that sales will increase as the economy improves.
