Best Coral Gables Communities for Boaters

Coral Gables Waterfront Real Estate

Coral Gables is a great place for boaters and some communities certainly cater more to boaters than others. There are several communities throughout the area with marinas, dock space and even some with private docks. Here’s a look at some of the best Coral Gables communities for boaters.

Gables Estates

This enclave hugs Biscayne Bay on the edge of Coral Gables and consists of a little over 150 homes with deep water, sea-walled waterways that wind through the estate. Considered by many as one of the most exclusive communities in the U.S.A the 24-hour security and private patrols that closely guard this community also makes it one of the most secure and private one. This boater’s paradise is tucked alone the water’s edge of “The City Beautiful”

For more information about Gables Estates real estate click here.

Cocoplum

Maybe the best choice for boaters in all of Coral Gables, Cocoplum offers a very special community with some of the most exclusive homes in the area. It’s close to Coconut Grove, as well, which makes it a prime location. The yacht club is very inviting and many of the homes are found right on the water. The community also offers a fitness center, tennis courts, a clubhouse and a playground.

For more information about Cocoplum or to browse available home for sale in this community click here.

Sunrise Harbour

Another great choice for boaters in Coral Gables is Sunrise Harbour. This community is a very popular waterfront option and it’s also a gated community. A number of the homes found here are directly on the Biscayne Bay and others are located on the canals running throughout the area. Homes are larger with many offering four or more bedrooms.

Sunrise Harbor offers 80 total homes ranging from about $1.75 million to more than $6 million. Homes also range in size from 2,000 square feet up to 10,000 square feet. The only issue with Sunrise Harbour is the lack of homes for sale because many residents want to stay here long term.

For available real estate listings in Sunrise Harbor click here.

Tahiti Beach

A subsection of the Cocoplum community, Tahiti Beach offers 29 homes in a gated community with excellent choices for boaters. The homes are very large and on large lots with plenty of private area. Tahiti beach offers a private park, tennis club and sandy beach. Boaters love this area because of the easy bay access just a short canal ride away. Many of the homes offer private docks and nearly all are waterfront.

For more information about Tahiti Beach click here.

Kings Bay

One of the top boating communities is Kings Bay. This community offers a boat ramp and marina access at the Deering Bay Marina. Dockage rights are a part of this community, as well. You’re allowed to Moor your boat for up to two nights and three days at a time, which is very rare at marinas throughout Miami.

The Coral Gables area is full of excellent communities for boats. Many communities have their own marina or offer private docks. With so many great homes on the water, it’s hard to go wrong with one of the communities listed above if you love to get out on the water and enjoy boating.

Summer Real Estate Trends To Watch For

The summer brings different real estate trends than any other season of the year. In many areas of the United States, it’s the time for the market to heat up. There are several trends to look for this summer and some are listed below.

Move-Up over Starter Home for Millennials

It’s more likely that millennials will be looking to forgo the traditional starter home for what is known as a move-up home. This is the largest group of buyers expected this summer and they are not looking for just a small fixer-upper or starter home.

Middle-Income Homeowners Will See Values Rise

As was already predicted for 2017, the middle-income homeowners will continue to see values rise for their homes. It will slow down some over the summer, but the values for homes priced at about $500K and under will continue to go up.

Luxury Market will See Price Corrections Continue

The summer will be filled with price corrections in the luxury market, especially in the South Florida area. Many price cuts may be in the near future, which could help create more sales as the luxury condo market is crowded throughout Miami.

Related: Millennial Buyers Have Arrived

The summer of 2017 will be filled with real estate trends. These are just a few expected to take the spotlight.

Home Buyers with Student Loans Receive Some Good News

Maybe student loans have kept you from jumping in and buying a home. It may not be as difficult or as scary now with a large change coming from Fannie Mae. The new rules will make it easier to purchase a home for the first time or even use refinancing to pay off student loan debt.

About 43 million Americans currently carry student loan debt in the amount of $1.4 trillion nationwide. This causes the borrower to struggle when it comes to saving money and getting approved for a mortgage. Many Americans saddled with student loan debt remain renters or live with parents.

Three Big Changes from Fannie Mae

Three new changes will help to allow those with student loan debt to become homeowners. The changes include:

  1. Actual amount you pay with the reduced-payment plans will count in the debt-to-income ratio instead of the original payment.
  2. Lower cost for a “cash out” refinance, which includes those participating in the “parent plus” program. Extra fees have been waived, as long as cash out will be used to pay off student loans.
  3. Any nonmortgage debts being paid by someone else (parent paying your credit card bill) will no longer count in the DTI computation.

Related: Millennial Buyers Have Arrived

These three changes will make it easier for many to go from renters to homeowners.