How Successful Real Estate Investments Are Made In Coral Gables: Take Your Cue From Pat Riley
In fact, the concept behind such real estate investment opportunities is so elementary that people can often overlook the very factors that are essential in making sure that these investments do turn out to be a success: picking out the best location possible.
If you would like to consider today’s selection of opportunities, then you will find a great range of options on the Coral Gables real estate market which are guaranteed to provide you with profitable returns as proven by one recent sale made by a famous personality who has made a stunning profit by choosing by right location within the Miami region.
Pat Riley, the president of the Miami Heat, has successfully sold a waterfront home within the city of Coral Gables for a sum of $16.75 million. He purchased the luxury property from the Coral Gables real estate market in 1996 for a sum of $6.3 million which is still a reasonable price for luxury real estate within the region today.
The luxury home sits on almost two acres of prime waterfront land located on the tip of Arvida Parkway within the Gables Estates Club which is one of the city’s most exclusive communities. It has a total of five bedrooms, eight bathrooms, and offers unobstructed views of the Biscayne Bay from the second level of the home.
Aside from having a total living space of 12,856 square feet, the home offers features such as its very own media room, library with fireplace, wine cellar, private beach and boating dock, and an expansive pool area that offers breath-taking views of the city’s horizon.
The luxury property is definitely among the finest on the Coral Gables real estate market and the fact that Riley was able to place the property back on the market for values which have earned him a profit of as much as $10.45 million has definitely showcased how brilliant he is at being able to work towards success, even when it comes to real estate investments.
If you would like to follow in the footsteps of one of the most successful men in the country today, you should get in touch with a real estate agent that can provide you with more information on today’s selection of luxury homes and other properties within the city of Coral Gables because it truly is one of the best locations for real estate.
Yaz Morgan
Coral Gables Real Estate
