Property in Focus: 8400 SW 52 Ave. (School House Road) — Sold for $2.25M in 1999, $2.3M in 2009

posted on November 20th, 2009 filed under: Properties in Focus

The home at 8400 SW 52 Avenue (a.k.a. Schoolhouse Road) in the Ponce/Davis neighborhood of Coral Gables sold in November 2009 for $2.3 million.  That’s barely more than the $2.25 million that the seller paid for the property in 1999.

Not that the seller, Charles Stiefel, was in financial straits.  He sold his company,Stiefel Laboratories, to Glaxo SmithKline for $2.9 billion in July 2009.  Sellers at the high end may have more staying power — but they also have more going power!

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posted by // This entry was posted on Friday, November 20th, 2009 at 8:48 am and is filed under Properties in Focus. You can follow any responses to this entry through the RSS 2.0 feed.

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