Segovia Tower Penthouse Investment Opportunity

INVESTMENT ANALYSIS

Segovia Towers PH 15 indeed stands as the quintessential embodiment of real estate investment potential. With its expansive 9,000+ square feet of space and the most competitive price per square foot in Coral Gables, this triplex penthouse represents a forward-looking investment opportunity in the heart of this vibrant city. Throughout this document, we will conduct a comprehensive exploration of various factors, including the landscape of new developments across the city, price per square foot trends, the ascending housing market, and other pertinent aspects. This analysis will serve as a valuable tool in illuminating the true investment potential that Segovia Towers PH 15 embodies, offering a glimpse into the promising future this property holds for savvy investors.

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PROPERTY OVERVIEW

Segovia Towers PH 15, nestled at 600 Coral Way in Coral Gables, presents a compelling market opportunity with its current listing price of $4,999,000 for an impressive 9,086 square feet of space. This triplex penthouse boasts 8 bedrooms, 10 full bathrooms, and 2 half bathrooms, offering an expansive and luxurious living experience. Notably, it stands as the most economical property within the Coral Gables area, priced at just $550 per square foot Here are some key features that further enhance its appeal

MARKET TRENDS

The Coral Gables condo market is experiencing a robust surge in activity. The influx of new developments has not only introduced a fresh wave of residents but has also contributed to an upward trend in property prices. This phenomenon is a well-established pattern in real estate: as new developments emerge, the surrounding properties tend to appreciate in value. This signifies a dynamic market environment and underscores the potential for solid returns on investments in this thriving Coral Gables community

COMPARATIVE MARKET ANALYSIS

PRICE PER SQUARE FOOT COMPARISON

MARKET COMPARISON PRICE COMPARISON RETURN ON INVESTMENT

The Coral Gables condo market is currently driven by the influx of new developments, valued at over $680 per square foot Segovia Tower PH 15 stands out as a prime illustration of a high-potential investment poised to yield substantial returns in the near future. With its competitive pricing and strategic location, it represents an exceptional opportunity for savvy investors.

Villa Valencia: $1,307 / Sqft.

719 Biltmore Way: $1,244 / Sqft.

The Village: $972 - 1,045 / Sqft.

Merrick Manor: $680 - 900 / Sqft.

737 Almeria Ave: $939 / Sqft.

613 Almeria Ave: $870 / Sqft.

Segovia Towers PH 15: $550 / Sqft.

ROI

Segovia Towers PH 15 offers a compelling ROI opportunity. Its current undervaluation of around $200 per sqft. compared to its intrinsic worth suggests promising future appreciation, ensuring a favorable return upon resale Additionally, renting it out for approximately $25,000 per month provides a steady cash flow, further enhancing its overall ROI potential. This blend of immediate returns and strong long-term prospects makes it an attractive investment

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NEW DEVELOPMENTS IN CORAL GABLES

719 Biltmore Way: 9 full floor units. Spamming over 4,000 Sqft. with 4 terraces each. prices begin in $5,300,000. The village: 48 unit development Units such as villas, apartments, loft and townhomes. starting at $2,036,600.

Villa Valencia: 13 stories featuring 39 residences. Already built, Units start from $2,000,000.

Merrick Manor: 227 units that go from studios to 4 bedroom ranging in price from $570k to $3,000,000.

LOCATION ADVANTAGE

The positioning of Segovia Tower PH 15 stands as a prime example of a highly sought-after locale for prospective investment properties. Situated directly across from one of the esteemed Coral Gables country clubs, a mere twominute drive from the bustling hub of Miracle Mile, and in close proximity to the finest educational institutions in South Florida, it commands a strategic placement in the heart of Coral Gables. It is well-established that location constitutes the paramount asset in the realm of investment properties in South Florida, facilitating both current and future rental or resale prospects. This advantageous positioning significantly enhances the property's desirability and potential for long-term value appreciation.

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POTENTIAL APPRECIATION

The potential appreciation of real estate hinges on various critical factors, encompassing new infrastructure, demand, strategic location, educational institutions, among others. In the case of Segovia Towers PH 15, these elements converge in a manner that positions this property as an exceptionally promising investment. Currently, Coral Gables is witnessing the development of three new projects, with two recently completed, signaling a vibrant real estate landscape The surge in demand to reside in Coral Gables, particularly post-pandemic, attests to its allure as a coveted destination. The city's distinctive blend of country club-style living, serene avenues, gated communities, and abundant greenery not only offers a comfortable lifestyle but also renders it a premier locale for raising families. From a quantitative standpoint, the Price per Square Footage metric of Segovia Towers PH 15 significantly undercuts that of comparable new developments, reflecting a notable potential for appreciation over time. As these projects near completion, a natural consequence will be an overall escalation in property values within the area, setting the stage for a positive return on investment for this unit.

RENTAL INCOME AND ROI

Investing in this $4.999-million-dollar apartment with 8 bedrooms, 10 bathrooms, and over 9,000 square feet in Coral Gables presents a compelling opportunity for positive ROI. Firstly, the substantial size of the property caters to an affluent demographic, ensuring a high demand for luxury living spaces in this desirable neighborhood. Moreover, the property's extensive square footage offers versatility, potentially allowing for multifamily occupancy or a lucrative vacation rental business. In Coral Gables' flourishing real estate market, property values tend to appreciate steadily over time, further bolstering potential returns. Additionally, the option to rent out the apartment for a minimum of $25,000 per month demonstrates the potential for robust cash flow, securing a steady stream of income. This investment not only capitalizes on the immediate rental income but also benefits from the longterm appreciation and increasing demand for high-end properties in this coveted location, establishing it as a sound financial endeavor.

CONCLUSION

In summation, Segovia Towers PH 15 represents an unparalleled investment prospect for the discerning investor. With a positive ROI, immediate cash flow, and the promise of appreciating value, this property stands as an unequivocal choice. Opportunities of this caliber are infrequent, underscoring its exceptional nature. Whether seeking a remodeling endeavor or a means to allocate capital with immediate returns, Segovia Towers PH 15 stands out as the investment opportunity of the year.