Miami real estate news and information

A-Rod’s Miami Home Sells for $8.5 Million – Biscayne Bay Waterfront on 181 E Sunrise Avenue, Coral Gables

Miami still has a few delicious secrets.    As though uprooted from Europe … plopped down in the most ideal spot imaginable in Miami… then touched by A-Rod having lived there …  A-Rod’s house has history and it has intrigue.  And …  as Master Card says…  “It’s priceless”.

181 e sunrise above

Alex Rodriguez listed his home for just over $14 million dollars in late 2008. A year and a half later,  it sold for $8.5.  That kind of value is what draws buyers and investors to  South Florida.

While there may be fewer luxury waterfront properties available in Miami to buy, at least for  the moment,  competitive and compelling  pricing is attracting high-end buyers looking for value.  Miami’s luxury market continues to offer value and opportunity to buyers looking for both.

181 e sunrise back

It’s  own  private sanctuary, 181 E Sunrise Avenue is walled,  gated, and on over an acre of  lushly planted grounds… with stunning views of Biscayne Bay.   I was sold from the moment I drove through the gates … to have coffee… (which was delicious!)  – and a taste of Miami unmatched anywhere! 

181 E. Sunrise Avenue is hidden away in one of Miami’s  little-known, private, waterfront, gated-communities, Sunrise Harbor in Coral Gables… where many of the homes are not waterfront … but those that are (as MasterCard says) are priceless

Inside,  A-Rod’s former abode feels more like Europe  than it does Miami: stone floors, arches, high ceilings, handpainted walls,  stunning artistic murals, an onyx bar, an enclosed kitchen, and exquisite European taste everywhere you turn… a sense of history and of magnificence.  

181 e sunrise ave foyer 

Outside, the home at 181 E. Sunrise Avenue in Coral Gables promises (and delivers) everything Miami is “supposed to offer” … and more : water as far as the eye can see,   the glimmer of  the Downtown Miami Skyline in the distance across Biscayne Bay, an acre  (plus) of lush, tropical landscaping,  charming covered outdoor areas for entertaining and relaxing , and hidden places to wander and play.   

181 e sunrise ave gazebo

181 E. Sunrise Avenue no longer belongs to  Alex Rodriguez.   A-Rod’s former home on Biscayne Bay sold in March 2010 for $8.5 million, and the new owners are adding their touches. 

Parallelling what we have seen recently with real estate throughout Miami, the original list price dropped dramatically before going under contract, and selling. 

Originally, the home was listed for$14,876,000, in October 2008.   It dropped to $12, 300,000 in December 2008, and then again to $9,999,999 in July 2009… at which time the price was compelling enough to catch the attention of the current owner.

If you are considering buying or selling real estate in South Florida, and looking for a knowledgeable and experienced Realtor,  we look forward to hearing from you. Please call us at 305 793-1365 or contact us here.  The Restivo Team – EWM Realtors, International.   Miami, Florida.

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