EWM Realty International’s Jessica Adams, Director of Luxury Sales for The Riley Smith Group, today announced the $10.41 million sale of a waterfront residence in the Old Cutler Bay enclave of Coral Gables.
The transaction of the contemporary manse, 9375 Balada Street -- which was constructed in 2015, designed by revered architect Caesar Molina -- has set a new benchmark for the neighborhood, which is one of the most sought-after in South Florida.
From its serene waterway setting, the two-story residence features six bedrooms and seven and a half baths on a 22,329-square-foot lot with 140 feet of waterfront and a private dock. The Old Cutler Bay community is one of the most exclusive addresses in the area, regarded for its privacy and convenient location.
“Sales of this caliber are indicative of our market’s growth and recovery,” said Adams. “This vibrant neighborhood, in particular, is flourishing. There is an undeniable demand among buyers to live in the area thanks to its Biscayne Bay access, top-ranked schools and tree-lined streets.”
Custom designed with a focus on indoor-outdoor living, the home is marked by floor-to-ceiling windows, vaulted ceilings and sprawling light-filled spaces. In addition to tranquil water features, standout amenities include a sprawling outdoor terrace, coral rock-adorned fire pit, and a handsome wood deck adjacent to the pool.
Adams assisted the buyer in the transaction while the seller was assisted by Dennis Carvajal of One Sotheby’s International Realty.
EWM is No. 1 in total dollar volume of sales in Miami-Dade County YTD through September 30, 2018, according to data from the Southeast Florida Regional Multiple Listing Service (MLS).
As Berkshire Hathaway affiliate, EWM is part of a real estate family of 41,000 sales associates, who were involved in more than 330,000 residential transactions in 2017, valued at over $127 billion.
About EWM
Founded in 1964, EWM Realty International (EWM) is one of the largest real estate services firms in America. The full-service firm has 10 locations spread through Miami-Dade and Broward counties. EWM offers residential and commercial real estate services, corporate relocation, and international services, as well as home mortgage and title closing services through affiliated companies HomeServices Lending, LLC and Columbia Title of Florida.
EWM is one of the principal owners of the Leading Real Estate Companies of the World (Leading RE), the nation’s largest real estate referral network, comprising more than 550 real estate firms and 140,000 associates marketing residential properties in 65 countries. Through joint alliances with their member firms, Leading RE provides home buying and selling services to families and individuals relocating throughout the world. EWM is also a member of the luxury division of Leading RE, Luxury Portfolio, which is a collection of 220 firms focused on the marketing of luxury properties throughout 65 countries.
EWM is a wholly owned subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate. HomeServices is the second-largest full-service independent residential real estate brokerage firm, and the largest settlement services provider, in the U.S. Through HomeServices of America, EWM is part of a real estate family of 41,000 sales associates, who were involved in more than 330,000 residential transactions in 2017, valued at over $127 billion. For additional information, visit www.ewm.com.
