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Blog by the Heatleys

Apr
09
2013

Spec Home Builders Moving Back Into Miami’s High Pines Neighborhood

7261 SW 52 Ct. Miami, Fl

7261 SW 52 Ct., Miami, Florida 33143

7430 SW 55 Ave

7430 SW 55 Ave., Miami, Fl. 33143

Prior to the recession of 6 years ago High Pines was a popular neighborhood for ‘spec” builders due to its close in location between Coral Gables and Downtown South Miami. Besides its location the High Pines neighborhood  was full of smaller homes built in the 1950s and 1960s. “Spec” builders quickly realized that these older, smaller homes could be bought for a song, torn down, and replaced by larger homes . Since home prices were rising rapidly in Miami, the new homes could be and were sold for healthy profits. The recession ended this for a number of years, but now “spec” builders are coming back into the neighborhood, and 2 new homes recently came on the market. 7430 SW 55 Ave., Miami, Fl. 33143, a 5 bedroom, 4 full bath, 4,232, sf home,  is listed for sale for $1,799,000, and 7261 SW 52 Ave., Miami, Fl. 33143, a 5 bedroom, 5 full bath, 5,630 sf home, is listed for sale for $1,999,000.

 

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