Sold in Just Days | 740 Jeronimo Drive Closes for $3,100,000

The Coral Gables waterfront market continues to demonstrate exceptional strength, and the successful sale of 740 Jeronimo Drive is another great example of the strong demand for premium waterfront properties.

We are proud to announce the successful sale of this exceptional residence for $3,100,000, representing both the buyer and the seller throughout the transaction. Even more impressive, the property was under contract in just a few short days, reaffirming that well-positioned waterfront homes continue to attract immediate buyer interest.

Situated on a generous 12,500 square foot waterfront lot, the property featured 3 bedrooms, 3 bathrooms, original hardwood floors, a newer roof, and a spacious two-car garage. One of its standout features was the newer resort-style pool overlooking the water, creating the perfect setting for enjoying the South Florida lifestyle.

While the existing home offered comfort and charm, the true value of the property extended far beyond its current improvements. Buyers recognized the incredible opportunity to renovate and personalize the residence or take advantage of the prime waterfront lot to create a spectacular custom estate. Opportunities offering this combination of lot size, waterfront location, and future potential have become increasingly difficult to find throughout Coral Gables.

This transaction also highlights the value of experienced representation. Having the opportunity to represent both the buyer and the seller allowed for clear communication, efficient negotiations, and a smooth path to closing. Transactions like these are built on trust, professionalism, and a commitment to helping all parties achieve a successful outcome.

Waterfront inventory throughout Coral Gables remains limited, while buyer demand continues to be strong. Properties offering exceptional locations and redevelopment potential continue to command significant attention from end users, builders, and investors alike.

Congratulations to both our sellers and buyers on a successful closing. We are honored to have represented both sides in this transaction and wish everyone the very best as they begin their next chapter.

If you are considering buying or selling a home in Coral Gables or anywhere throughout South Florida, The Oscar Arellano Team would be happy to discuss today's market, current property values, and how our experience, strategic marketing, and extensive network can help you achieve exceptional results.