You have to discover the charming neighborhood of The Roads, it’s one of a kind! Situated between Brickell, Downtown Miami, and the bayfront village of Coconut Grove, The Roads is very sought-after for its tree-lined streets, Vizcaya Museum and Gardens and charming houses.
A bit of history of The Roads
Originally named “Brickell Hammock”, The Roads has been developed by Mary Brickell in 1922. A bit before she died, she gave the streets, sidewalks and parkways to the City of Miami.
Fun fact, this neighborhood also off the normal Miami street grid. All the streets in The Roads are named roads, instead of streets and avenues, as in the rest of Miami.
Discover the real estate market in The Roads neighborhood
This area is mainly residential. The Roads is a popular neighborhood for home buyers who can afford to buy a home in the median price range of $1.17M. Indeed, in October 2022, the median listing home price in The Roads was $1.2M, trending up 61.7% year-over-year. Moreover, it is a balanced market at that time, which means the supply and demand of homes are about the same.
On top of beautiful homes, buyers and investors can find luxury new construction residences with top notch amenities. For example, Eleven in the Roads, this modern and exclusive three-story building which features only 24 private residences. The homes consist of 2, 3, and 4 bedrooms, including 8 Garden residences, 8 Spa residences and 8 Penthouse residences with private rooftop terraces. The residences also feature spacious great rooms, large master suites, midnight bar in penthouse master suites, oversized soaking tubs, chef- island with custom-designed Italian cabinets.
More affordable, The Roads at 21st is a 14-story condominium building with 57 units. There are a wide range of units for sale typically between $255,000 and $390,000, but unit PH-8 has sold for $595,000. Located in a quiet residential area of the city, this secured, pet-friendly building boasts a 5th floor pool, fitness center, covered garage parking and social room.
Living in The roads
The Roads is a very quiet neighborhood although so close to Brickell and Downtown Miami – about a 3 min drive-, with a good number of schools within a driving distance. Not to mention the excellent MAST Academy located on Virginia Key.
Is it ranked #5 of 25 for the best neighborhoods to live in Miami, especially for young professionals. It is also ranked #6 to raise a family – 23% of residents were families with children in 2022.
Coral Gables means tree-lined boulevards, ivy-covered mansions, and historical landmarks such as the world-famous Biltmore Hotel and the Venetian Pool,
You could easily spend days – or a life- in The City Beautiful but here are 6 things to do in Coral Gables.
Lowe Art Museum
The Lowe Art Museum -LAM- is located on the campus of the University of Miami and is Florida’s first fine arts museum. It exhibits a permanent collection of 10,000 pieces comprising Greco-Roman, Amerindian, Asian, African and Renaissance works, and paintings by masters such as Tintoretto, Stella, Gauguin and Picasso. You can also go there to admire masks and textiles from Kenya, Zaire and Mali. Count 4 – 5 hours for a complete visit of the museum.
Enjoy some Family time at Matheson Hammock Park
First, you will have to take the beautiful Old Cutler Road in Coral Gables, to get there. The highlight of Matheson Park is its beach. At the end of the road, you reach the seafront. The site includes a marina and a beach with way board, kayaking in the bay, kite surfing, etc… The beach is not a natural area of white sand but still, it is very pretty and appreciated by the locals. It is an artificial pond surrounded by pretty palm trees, and a magnificent view of the bay and the skyline of skyscrapers of Miami. Don’t miss a bite or a glass of wine at Red fish.
The Shops at Merrick Park
It is definitely one of the 6 best things to do in Coral Gables! Featuring exclusive international brands like Gucci, Burberry, Neiman Marcus, and Tiffany & Co., The Shops at Merrick Park are an upscale outdoor shopping mall for those who want to treat themselves, or at the very least, do a little window shopping and dreaming.
The Venetian Pool
The famous pool is almost 100 years old, contains more than 800,000 gallons and made from a coral rock quarry used by George Merrick to build many of the early homes in Coral Gables. A variety of caves and grottos have been carved into the surrounding rock. It’s making it a unique swimming and exploration experience that you won’t find elsewhere.
The pool also features waterfalls, porticos, and plenty of seating areas shaded by towering palm trees. The Venetian Pool has undergone several renovations and historic restorations. The last one is currently undergoing and will end in March 2023, for its 100th birthday!
Featuring year-round productions appropriate for kids and adults, Actors’ Playhouse at Miracle Theatre is Coral Gable’s premier community performing arts venue and was founded in 1988. Since then, the art deco inspired theater has received a multi-million-dollar upgrade. Though it’s still a quaint and charming theater, it sports state-of-the-art sound and lighting systems. From serious dramas to lighthearted children’s productions and even standup comedy, there should be something for everyone! Check out the calendar of events on their website to see what’ll be on-stage when you are in the area.
Fairchild Tropical Botanic Garden
Situated on nearly 90 acres of picturesque land on Old Cutler Road, the Fairchild Tropical Botanic Garden has full of tropical plants, flowers, and trees, including extremely rare species like the petticoat palm. It’s also home to flora that can’t survive anywhere except for South Florida.
The garden’s amenities include a learning center, museum, and an onsite laboratory. They also host a few popular events throughout the year, like the International Chocolate Festival. A thorough tour of the Fairchild typically takes about 3 hours, but time-challenged visitors should opt for a 45-minute tram tour.
How to price your home to sell is a big deal and there are a lot of factors to consider. Sure, you’d like to get as much money as possible, but if you overprice it, you risk seeing our property sit on the market with no offers. On the other hand, if you price it too low, you might end up with low offers that don’t meet your needs. Here are some tips to find the sweet spot.
The importance of pricing right
The period of best opportunity for selling a home at a good price is the first 2 to 4 weeks after it is put on the market.
If your house is priced right from the first, you are in the best position to attract the maximum number of potential buyers able to pay the price your home is worth.
If your house is priced too high, buyers are apt to be few and far between, with little chance of any offers to pay your unrealistic price. You may lower your price later, but by then you will have missed many of the most interested buyers… and time.
If your house is underpriced, you may be swamped by non-serious buyers and too low offers that don’t meet your needs.
Hire a PSA agent
One of the biggest reasons buyers and sellers should work with a real estate professional is their local knowledge and it is especially true with a Pricing Strategy Advisor agent (PSA). This way, you know you are working with a real estate agent that knows how to more exactly price homes. They know how to value your property more accurately — whatever the condition.
As we move towards a more balanced market, pricing a home accurately is going to be critical for both sellers and real estate agents. A PSA certified agent is useful by making the closing process better and reducing your risk of a transaction falling through. Because, as we know, deals can fall apart because of an appraisal.
Moreover, online valuation tools like Zillow are only a starting point for pricing your home to sell. They won’t give you all the information you need in pricing your home, and they use limited data.
That is why a Pricing Strategy Advisor agent is the best choice: he/she will be able to lead you to an ideal valuation of your home that will help it sell in the appropriate time while maximizing both profits and time on market.
Tips to how to price your home to sell
Study your comps
Comparables are homes similar in size, amenities, features, structure, and age to your own that recently sold in your area/neighborhood. Real estate professionals and appraisers use comps as a reference point for the subject home and then make dollar adjustments. A CMA, by analyzing a group of 5 or 6 comps, provides clarity around how your home equates to the competition in the context of other relevant market trends.
Don’t overvalue your renovations
Even you have spent a lot of dollars in this new kitchen countertop, the buyer may not like it and want to change everything. While some upgrades may increase our home’s value, it’s unlikely you’ll get back the full dollar amount that you put in.
Think like a buyer
What are the things that you value in a home? Is it a large yard, an updated kitchen or a view? These are likely the same things that your buyer values as well. The property facing the street is going to be a tougher sell than the waterfront one. Also, talk to your agent about current buyer trends.
If no one ask for seeing your home or if you receive feedback that you are priced too aggressively, don’t hesitate to adjust your price. If a house is on the market for too long, interest is lost quickly. Even if the price is lowered after, the initial rush of buyers is over.