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2009 Miami Beach Home Sales for La Gorce Island

January 5, 2010 by  

la gorce island homes - miami beach luxury real estate

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.

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Contact Us

Enrique Garcia & Ines Hegedus-Garcia
35 NE 40th Street
Design District
Miami, FL 33137
P: 305.758.2323
F: 305.758.2324
E: info [at] miamism [dot] com

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