La Gorce Island homes are known for their scale and “wow” factor. It is a guard-gated community in Miami Beach with some of the nicest landscaped streets you will see anywhere in South Florida and with large, luxurious homes. As for real estate sales in 2009, only 3 and none of them are waterfront. There are currently 10 homes listed for sale at La Gorce Island ranging in price between $19,500,000 and $1,600,000 – which is again evidence that the high-end Luxury inventory is not moving. Six of the 10 homes currently listed are above $5 million, all except one listed for sale for quite some time.
|Address||Bds||Bths||HBth||sqft||Water||Lot Size||List Price||Sale price||$/sq.ft|
|6675 Windsor Ln||5||5||1||4,347||N||13,125||$1,500,000||$1,450,000||334|
|6640 Pinetree Ln||4||4||1||3,534||N||12,500||$1,475,000||$1,312,416||371|
|6630 Sheffield Ln||5||4||1||3,515||N||13,125||$1,300,000||$1,200,000||341|
The good news about La Gorce is that the average price per square foot is high for homes on dry-lots (non-waterfront homes) – putting the price per square foot based on those 3 sales at $349. I’m curious to see what happens with the Mega-home inventory in Miami Beach – will it start moving in 2010? I’m sure a lot of those home owners hope so.
**UPDATE** There were no additional sales in the month of December in La Gorce Island which makes this real estate market report the FINAL one for 2009.