1248 Sorolla Avenue listed and sold on the same day. What was it that attracted so many buyers and investors to this listing?

A1901087_101_12

A 15,000 sq. ft. lot located in Coral Gables is a very desirable size lot 

These days investors are beginning to see the benefits of investing in land in high demand communities, including Coral Gables. Tearing down older homes for land value is becoming increasingly popular. Investors are building new, top of the line homes. Land deals are scarce and buyers are on the side lines waiting for their realtor to call them. However, you must move fast because as soon as it hits the market, offers are flooding in faster than if the Hoover Dam broke. 

Listed below are some currently available lots for sale.

 

 
$15,000,000
Lot Acres: 19,000
 
$14,495,000
Lot Acres: 0.69
 
$10,900,000
Lot Acres: 1.22
 
$9,950,000
Lot Acres: 1.26
 
$9,550,000
Lot Acres: 62,400
 
$8,500,000
Lot Acres: 0
 
$8,400,000
Lot Acres: 0.95
 
$5,850,000
Lot Acres: 0
 
$2,549,000
Lot Acres: 1
 
$2,495,000
Lot Acres: 1.2
 
© 2018 Miami Association of REALTORS®. All rights reserved.
IDX information is provided exclusively for consumers' personal, noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed accurate.
Miami-JTHS data last updated at February 21, 2018 8:08 PM ET