Condo conversions are making a return to the Coral Gables market once again. This is the process of taking an existing apartment building and converting the units into condominiums for individual sale. These conversions, although not seen too often since the last crash, are making a comeback based on a couple of factors. Firstly, Coral Gables has a lack of condo inventory and there is such high demand, including the demand from foreign investors. Also, it is cost beneficial. Constructing a condo building from the ground up is a much more costly and lengthy process, while converting an existing building and selling the units is much quicker and more profitable.
Be on the look out for our condo conversion in late February/early March! Click here to sign up for Email Alerts and be the first to know about new Coral Gables condos as they go on the market.
Here are some of the Coral Gables condos currently available. To see any of these listings, please contact Oscar Arellano at 305-525-7324 or simply click here for our contact page.