Recent Sale: 2525 Indian Mound Trail in Coral Gables — $1.72 Million ($162 Per Square Foot)

posted on July 11th, 2010 filed under: Properties in Focus

The sale of 2525 Indian Mound Trail, near the Biltmore Hotel in Coral Gables, was recorded recently at a price of $1,720,000.  The house is 10,646 square feet, which means the buyer paid just under $162 per square foot for a luxury home in Coral Gables.  Arguably, the interior spaces were more about size than style, but the price still brings to mind the uber-annoying Staples commercial (Wow, That’s  a Low Price!).  Doesn’t appear to have been a fire sale, either.  The house just sat on the market and was gradually reduced until a buyer was found.

2525 Indian Mound Tr.

2525 Indian Mound Tr.

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posted by // This entry was posted on Sunday, July 11th, 2010 at 9:42 pm 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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  1. Bert Hucks

    Interestingly enough, it sold for the same price 6.5 years ago.

    This is inline with Case-Shiller High Tier Index for Miami. It is 147 now and was 158 in Dec 2003. So it actually sold at a $70k premium based on C-S Index comps.

    Thanks for all of the great analysis on our real estate market, Tom!