Mayfair

Real Estate History in Coral Gables

EWM’s Audrey Ross Brokers Sale of Highest-Priced Residential Condominium in Coral Gables History

$9 million sale at The Gables Club sets new price standard for City Beautiful

Audrey Ross, Senior Vice President of Esslinger-Wooten-Maxwell (EWM) Realtors, has brokered the sale of the highest-priced residential condominium ever in the City of Coral Gables.

The $9 million sale of the 10,190 square foot, waterfront Tower Suite ‘A’ at The Gables Club, located at 60 Edgewater Drive, Coral Gables, makes this the single highest-price sale for a condominium residence within the City Beautiful. The sale was conducted in cooperation with Realtor Cassy Everhart of Russell Post Properties, Ocean Reef, who brought the buyer. Buyer and seller were not disclosed. 

Ross has been a consistent leader in the South Florida high-end market, and was recently recognized as one of the top 12 Realtors in America.  She is also responsible for the sale of the highest-priced single-family residence ever sold in Coral Gables, with the $26.8 million sale of 1 Arvida Parkway, in Gables Estates in 2004.

The $9 million transaction at The Gables Club is the fifth sale in the last 90 days where a residential condominium in Miami-Dade County has sold for more than $8.7 million.  Three of the sales have been oceanfront (two in Miami Beach and one in Bal Harbour); one on Brickell Avenue and now in Coral Gables, reflecting interest in several high-end markets within Miami-Dade County, a positive overall sign for the industry.

The two-story residence boasts contemporary style interior architecture with touches of exotic marbles (such as kitchen countertops made from semi precious Tigers Eye), keystone and Venetian plaster.  Amenities include a roof-top Jacuzzi, chef’s kitchen, wine cellar, a library, and access to a deep-water marina.

“No doubt Audrey (Ross) has now raised the bar for luxury residential condominiums in Coral Gables,” says Ron Shuffield, president of EWM.  “The sale of this exquisite unit positions the Coral Gables waterfront market at-par with other key markets within the County.”

“I am truly appreciative to have had the opportunity to work with a wonderful seller and a wonderful buyer,” adds Ross.  “This is undoubtedly one of the most stunning condominium residences in South Florida.  It’s simply ideal. A beautiful residence, within a waterfront location, providing complete privacy, yet access to every imaginable amenity.  This is what the South Florida lifestyle is about.”

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