Coral Gables homes for sale attract those who want to live right in the middle of the mix of the South Florida lifestyle as well as those who want to make money from this highly sought after real estate district. Buying and selling Coral Gables luxury homes is a profession for many of us, and a quite lucrative one if done well.
The benefit of working in the Coral Gables homes for sale market is that there are always buyers wanting to be part of the South Florida real estate market. One of the major players in the Coral Gables homes for sale market are investors who like these properties in the Miami – Dade County area because they are always in high demand.
Coral Gables luxury homes invite those wanting a spacious house close to the warm sunny beaches, upscale dining establishments and top name entertainment, while those who may want a great view of the ocean, intracoastal or city lights might feel right at home in a condo. Coral Gables real estate has it all, and with it you may find it comes with a high price tag.
Demand for Coral Gables Homes for Sale Raises Sale Prices
The results of supply and demand are well at work in the Coral Gables real estate market. This is particularly true if comparing Coral Gables homes for sale with others in the mid to upper parts of the state or with other areas of the country. Sticker shock can surprise some first-time home buyers. This is why many are turning to renting out rooms or parts of their Coral Gables real estate to not only make ends meet but to go above and beyond their mortgage needs.
Airbnb Rentals Target Coral Gables Homes for Sale
Airbnb is one of those real estate ideas that may seem strange to some at first until they realize how lucrative it can actually be. Home owners who have purchased Coral Gables homes for sale or Coral Gables luxury homes can easily rent out a room since tourism is a leading market mover in the city.
Depending on the Coral Gables real estate property, you may be able to make Airbnb a business, as some foreign investors seem to be doing.
The Airbnb Phenomenon Appeals to Foreigners
Foreigners seeking visas, such as EB1, EB2 or EB5, are using the Airbnb concept to create a business pro forma and a business plan showing sustainability and apply for Visas. For example, Miami’s daily rate with Airbnb is $91 per night per room. A 3 room house would rent at $91 per night for each room and produce an annual income sufficient to sustain a foreigner seeking a Visa.
Consult with Berkshire Hathaway HomeServices Florida Realty
If you are considering buying Coral Gables homes for sale in hopes of renting out part or all of it, you need to get expert advice on the best areas for Coral Gables real estate investment.
Or, if you are looking to move into Coral Gables real estate and are hoping to find Coral Gables luxury homes that suit your needs, than you also should talk with real estate professional. Berkshire Hathaway HomeService Florida Realty are the leading sales professionals in the Coral Gables homes for sale market. They can help find Coral Gables luxury homes currently available and ideal for your real estate objectives. Call their Coral Gables real estate office a call today!
