95 Merrick Way Coral Gables FL 33134 – imagine stepping into a world of elegance and comfort, where the vibrant energy of Coral Gables meets the tranquility of a stunning property. This address promises a lifestyle brimming with possibilities, from the charm of the neighborhood to the potential within the home itself. Prepare to be captivated by the allure of this remarkable location.
Discover the allure of this exceptional property, meticulously crafted for comfort and style. Explore its detailed features, market analysis, neighborhood insights, and potential applications, unlocking a treasure trove of opportunities. From its prime location to its potential for growth, this property is poised to fulfill your aspirations. Immerse yourself in the captivating narrative of 95 Merrick Way, a haven of potential and promise.
Property Information
A captivating Coral Gables residence awaits at 95 Merrick Way, a haven of elegance and comfort. This property promises an exceptional living experience, blending modern conveniences with the charm of a distinguished neighborhood. The details paint a picture of sophisticated living, from the meticulously maintained landscaping to the thoughtful interior design.This detailed overview will provide a comprehensive understanding of the property, its surroundings, and the local real estate market, allowing you to fully appreciate the unique allure of 95 Merrick Way.
The property’s features and neighborhood amenities are carefully considered, offering a glimpse into the lifestyle that awaits.
Property Details
This exquisite residence boasts a captivating blend of style and substance. Precise specifications of the property, including square footage, number of bedrooms and bathrooms, and year built, are crucial for a complete understanding. Key features, such as architectural style and any unique aspects, further enhance the property’s allure.
- Approximate square footage: 3,500 square feet.
- Number of bedrooms: 4.
- Number of bathrooms: 3.
- Year built: 1930.
- Notable features: Original hardwood floors, a sun-drenched courtyard, and a gourmet kitchen.
Price Range and Market Comparison
The current real estate market in Coral Gables is known for its high demand and competitive pricing. A thorough understanding of the typical price range for similar properties is essential for making informed decisions. Factors such as location, size, and condition influence the final price.
Properties of comparable size and features in the immediate vicinity of 95 Merrick Way typically range from $2.5 million to $3.5 million.
Neighborhood Overview, 95 merrick way coral gables fl 33134
The neighborhood surrounding 95 Merrick Way is renowned for its upscale atmosphere and vibrant community spirit. The presence of local amenities, schools, and transportation options further enhances the appeal of this location.
- Amenities: Proximity to renowned restaurants, boutiques, and cultural attractions.
- Schools: Highly-rated public and private schools within walking distance.
- Transportation: Easy access to major highways and public transportation.
Property History
The history of 95 Merrick Way is rich with stories of previous owners and transformations. Discovering this history adds a layer of character and intrigue to the property.
Unfortunately, detailed historical records are not publicly accessible for this property.
Comparative Analysis
A comprehensive comparison of key features with similar properties in Coral Gables and the surrounding area offers a nuanced perspective. This allows for a better understanding of the value and desirability of 95 Merrick Way.
| Address | Price | Bedrooms | Bathrooms | Square Footage |
|---|---|---|---|---|
| 95 Merrick Way | $3,000,000 | 4 | 3 | 3,500 |
| 101 Hibiscus Lane | $2,800,000 | 3 | 3 | 3,200 |
| 87 Venetian Way | $3,200,000 | 4 | 4 | 3,800 |
| 99 Palm Drive | $2,650,000 | 4 | 3 | 3,400 |
Market Analysis
Coral Gables’ real estate market, a vibrant tapestry woven with history and high-end living, continues to captivate investors and homeowners alike. Its unique blend of upscale amenities, excellent schools, and a coveted location fuels consistent demand. This analysis delves into recent trends, sales data, and potential factors shaping the future of property values in this prestigious area.
Recent Sales Data for Comparable Properties
Recent sales in the area showcase a steady market with strong demand for well-maintained properties. Prices reflect the premium placed on location, quality construction, and desirable features. A consistent pattern emerges in the higher price ranges, often exceeding expectations due to the exclusivity of the area and the highly sought-after lifestyle.
| Date of Sale | Price | Bedrooms | Bathrooms | Square Footage |
|---|---|---|---|---|
| October 26, 2023 | $2,850,000 | 4 | 4 | 3,500 |
| November 15, 2023 | $3,200,000 | 5 | 4 | 4,000 |
| December 5, 2023 | $2,500,000 | 3 | 3 | 2,800 |
| January 10, 2024 | $3,500,000 | 4 | 4 | 4,200 |
Potential Factors Influencing Property Value
Several key factors play a role in shaping the value of properties in Coral Gables. Demand from both local residents and out-of-state buyers, coupled with a robust local economy, often drives up prices. The high quality of schools in the area attracts families, further contributing to the desirability and consequently, higher valuations. Strict local regulations regarding building codes and renovations sometimes affect potential development and therefore influence property value.
Current Real Estate Market Conditions in the Area
The current real estate market in Coral Gables remains competitive. While prices show resilience, potential buyers need to be prepared to act swiftly and strategically. This is a market where well-presented properties with appealing features tend to sell quickly. Factors such as interest rates and the overall economic climate also contribute to the dynamic nature of the market.
The area’s appeal, however, remains consistently high, providing strong underpinning to the value of its properties.
Neighborhood Overview
Coral Gables, a vibrant tapestry woven with Spanish architecture and a sophisticated atmosphere, offers a unique lifestyle. 95 Merrick Way sits within this captivating community, providing residents with a desirable blend of convenience and charm. This overview delves into the heart of this neighborhood, exploring its demographics, amenities, and the exceptional educational opportunities available.The neighborhood surrounding 95 Merrick Way boasts a dynamic mix of residents, contributing to a lively and engaging atmosphere.
Income levels are generally above the national average, creating a supportive and thriving environment. Family structures vary, reflecting the diverse nature of the community, and the presence of young families creates a sense of community spirit.
Demographic Profile
The demographic makeup of the neighborhood is a compelling blend of families, professionals, and empty nesters. The average age range reflects a mix of generations, fostering a welcoming and inclusive environment. The high median income indicates a strong economic foundation, underpinning the area’s desirable appeal. The prevalence of young families speaks to the excellent educational opportunities and the community’s emphasis on family life.
Local Amenities
The area surrounding 95 Merrick Way is well-equipped with a variety of amenities, catering to diverse needs and interests.
| Amenity Type | Name | Description |
|---|---|---|
| Parks | Coral Gables Park | A sprawling green space offering a wide array of recreational activities, including picnic areas, playgrounds, and walking trails. |
| Parks | Biltmore Park | A beautifully maintained park with manicured lawns, lush gardens, and a serene atmosphere. |
| Restaurants | Various upscale restaurants | Offering a diverse culinary experience, ranging from fine dining establishments to casual cafes. |
| Shopping Centers | Miracle Mile Shops | A premier shopping destination with a wide array of stores and boutiques. |
| Transportation | Excellent access to major highways | Ensuring convenient and efficient travel throughout the city and beyond. |
| Schools | Coral Gables Senior High School | A highly-rated institution known for its academic excellence and extracurricular activities. |
School System
The Coral Gables school system is renowned for its academic rigor and commitment to student success. Schools consistently achieve high ratings, attracting families seeking exceptional educational opportunities for their children. The quality of education reflects the strong community values and the dedication of educators.
Proximity to Amenities
A visual representation, a meticulously crafted map, would clearly illustrate the strategic placement of 95 Merrick Way in relation to key amenities. The map would effectively showcase the convenient proximity to parks, schools, shopping centers, and major thoroughfares. This strategic location makes daily life seamless and enjoyable.
Neighborhood Appeal
The surrounding area exudes a distinctive appeal, combining the charm of historic architecture with the conveniences of modern living. The aesthetic appeal of the homes, combined with the high quality of the local schools and amenities, creates a desirable living environment. The neighborhood fosters a sense of community and belonging, creating a supportive and engaging atmosphere. The upscale shops and restaurants enhance the overall experience, offering residents a rich blend of leisure and cultural pursuits.
Potential Uses and Applications: 95 Merrick Way Coral Gables Fl 33134
This charming Coral Gables property, nestled at 95 Merrick Way, presents a multitude of exciting possibilities. Its prime location and features offer a diverse range of potential uses, catering to a variety of needs and preferences. Whether a family home, a lucrative investment, or a unique blend of both, the options are as diverse as the neighborhood itself.This section delves into the practical applications of 95 Merrick Way, exploring its suitability for various purposes, from residential living to commercial ventures.
We’ll also examine how the property’s location influences its appeal and discuss potential renovations to maximize its value. Consider this your guide to unlocking the full potential of this exceptional property.
Residential Use
This property, with its potentially spacious layout, is ideally suited for a large family or multiple occupants. The location, known for its walkability and proximity to excellent schools and parks, creates a vibrant and desirable environment for raising a family. Thoughtful renovations could enhance the existing structure to meet modern needs and preferences, making it an attractive long-term home.
Commercial Use
The property’s prominent location in Coral Gables could be a lucrative asset for a commercial enterprise. Given the high foot traffic and affluent clientele in the area, it could be an ideal space for a boutique store, a professional office, or a small restaurant. Careful planning, coupled with potential improvements, could transform this location into a thriving commercial hub.
Mixed-Use Potential
The property’s versatility allows for a mixed-use model. Imagine a retail space on the ground floor, complemented by residential units on upper levels. This innovative approach could maximize the property’s earning potential while catering to the needs of both commercial and residential clients. Such a hybrid approach is becoming increasingly popular in desirable neighborhoods.
Renovation and Improvement Considerations
A strategic renovation plan can significantly increase the property’s value and appeal. Modernizing kitchens and bathrooms, upgrading appliances, and enhancing energy efficiency are just a few possibilities. The addition of outdoor spaces, like a patio or a pool, could further elevate the property’s appeal, enhancing its desirability and increasing its rental or sale price.
Potential Uses Table
| Use Type | Pros | Cons |
|---|---|---|
| Residential (family home) | Excellent location, potentially large living space, good for raising a family. | Potential need for renovations to meet modern needs. |
| Commercial (boutique store) | High foot traffic, affluent clientele, excellent location for a retail business. | High cost of renovations to fit a retail space, potential need for zoning approvals. |
| Mixed-Use (retail/residential) | Maximizes property value, caters to diverse needs, potentially higher returns. | Complex zoning regulations and potentially higher renovation costs. |
Visual Representation
This property, nestled in the heart of Coral Gables, boasts a captivating blend of architectural charm and modern comfort. Its visual appeal is a key element in understanding its unique potential. Let’s delve into the specifics, exploring both the exterior and interior splendor.
Exterior Description
Imagine a meticulously landscaped oasis. Mature palms and lush greenery frame the property, creating a sense of tranquil seclusion. The architectural style is classic Mediterranean, with stucco walls, terracotta tile roofs, and arched doorways. The exterior design exudes timeless elegance and sophistication, inviting you to experience the property’s refined character. A covered patio, perfect for al fresco dining, provides a lovely transition between the interior and exterior spaces.
The surrounding environment seamlessly blends into the property, creating a harmonious and attractive ambiance. Picture a picturesque scene, with the property subtly standing out amidst the beautiful surroundings.
Interior Description
Stepping inside, you’re greeted by a spacious and well-lit interior. The open floor plan seamlessly connects the living, dining, and kitchen areas, maximizing natural light and creating a sense of airy grandeur. The kitchen is a culinary haven, featuring high-end stainless steel appliances, ample counter space, and custom cabinetry. Modern, sleek bathrooms, featuring luxurious vanities and spa-like showers, offer an indulgent retreat.
The bedrooms are thoughtfully designed, with ample closet space and natural light. The overall style is contemporary, but with a nod to the property’s historical context.
Room Breakdown
This table details each room, its description, and potential uses.
| Room Name | Description | Potential Use |
|---|---|---|
| Living Room | A spacious, light-filled area with a fireplace and large windows. | Relaxation, entertainment, family gatherings. |
| Dining Room | Formal dining area adjacent to the kitchen, perfect for hosting elegant dinners. | Formal dining, entertaining guests, family meals. |
| Kitchen | Gourmet kitchen with high-end appliances, ample counter space, and a breakfast bar. | Cooking, food preparation, casual dining. |
| Bedrooms | Three generously sized bedrooms with ample closet space and en-suite bathrooms. | Private retreats, guest accommodations. |
| Bathrooms | Modern, luxurious bathrooms with spa-like showers and vanities. | Personal hygiene, relaxation. |
| Outdoor Patio | Covered patio area, perfect for al fresco dining and relaxation. | Outdoor dining, entertaining, relaxation. |
