|
Getting your Trinity Audio player ready...
|
MG Developer, one of South Florida’s leading real estate development firms, has announced a record-breaking milestone as The Village at Coral Gables achieves the highest price per square foot for new construction in Coral Gables.
Villa 4, a corner residence on Santander Avenue, sold for $4.8 million at $1,675 per square foot, setting a new benchmark in the city’s luxury real estate market — solidifying its place as one of the most sought-after residential enclaves in South Florida. ONE Sotheby’s International Realty is the exclusive broker handling marketing and sales for Alhambra Parc.
“This record-breaking sale is a testament to the vision and craftsmanship behind The Village at Coral Gables,” said Alirio Torrealba, CEO of MG Developer. “Our goal has always been to create timeless residences that honor Coral Gables’ rich architectural heritage while delivering an unmatched luxury living experience. The demand for these homes speaks for itself, and we are proud to set a new standard in the market.”
Representing the buyer in the transaction was Ramon Dominguez of Lifestyle International Realty, while the seller was represented by MG Developer’s sales director Anniella Tabraue and Banna Fakhoury of One Sotheby’s International Realty.
“At MG Developer, we prioritize quality over quantity, and the residents of the homes we build are a true reflection of our commitment to excellence, beauty, and craftsmanship,” said Alirio Torrealba, founder and CEO of MG Developer. “We don’t just create homes — we offer an opportunity to become part of the City Beautiful’s storied past and its dynamic future.”
Featuring a variety of layouts, The Village at Coral Gables will include 24 sophisticated flats, four fashionable three-story lofts, 16 glamorous three-story townhomes, and four stylish two-story villas, all nestled within a pedestrian-friendly landscape and inspiring 19th Century Spanish-colonial architecture.
Drawing on the timeless beauty of Seville, Spain, and Merrick’s dream for “The City Beautiful,” The Village is a living masterpiece of architecture by De La Guardia Victoria Architects & Urbanists. Residences range from 1,750 to 3,100 square feet, with prices for the remaining homes starting at $2.65 million. Condominium units range from 865 to 2,475 square feet and offer layouts from one-bedroom to three-bedroom plus den configurations. Interest continues to rise from across the U.S. as selective buyers are drawn to Coral Gables’ rich history, lush landscapes, and luxury lifestyle.
Residents of The Village at Coral Gables are expected to begin moving into their new homes in the summer. This milestone underscores the project’s readiness to deliver a lifestyle that blends traditional Spanish colonial architecture with modern luxury. Each residence is thoughtfully designed with bespoke finishes, private courtyards, and lush landscaping to create a sophisticated yet tranquil urban sanctuary.
Situated in the heart of Coral Gables, The Village offers unparalleled proximity to the city’s vibrant Downtown. Within walking distance, residents will enjoy world-class dining, upscale shopping, and cultural attractions, further cementing the development’s status as Coral Gables’ premier luxury residential destination.
As Coral Gables’ eighth village and a continuation of George Merrick’s vision as the founder of Coral Gables, The Village is designed to create a sense of community while prioritizing privacy and exclusivity. It stands as a testament to the enduring appeal of Spanish colonial architecture, a hallmark of Coral Gables’ identity.
With only a few remaining residences, interested buyers are encouraged to act quickly to secure their place in this prestigious enclave. Sales start from $2.65 million. For more information, visit thevillageatcoralgables.com, or to schedule a private tour, call 786-822-6780.
ABOUT US:
For more Miami community news, look no further than Miami Community Newspapers. This Miami online group of newspapers covers a variety of topics about the local community and beyond. Miami’s Community Newspapers offers daily news, online resources, podcasts and other multimedia content to keep readers informed. With topics ranging from local news to community events, Miami’s Community Newspapers is the ideal source for staying up to date with the latest news and happenings in the area.
This family-owned media company publishes more than a dozen neighborhood publications, magazines, special sections on their websites, newsletters, as well as distributing them in print throughout Miami Dade County from Aventura, Sunny Isles Beach, Miami Beach, Coral Gables, Brickell, Coconut Grove, Pinecrest, South Miami, Kendall, Palmetto Bay, Cutler Bay and Homestead. Each online publication and print editions provide comprehensive coverage of local news, events, business updates, lifestyle features, and local initiatives within its respective community.
Additionally, the newspaper has exclusive Miami community podcasts, providing listeners with an in-depth look into Miami’s culture. Whether you’re looking for local Miami news, or podcasts, Miami’s Community Newspapers has you covered. For more information, be sure to check out: https://communitynewspapers.com.
If you have any questions, feel free to email Michael@communitynewspapers.com or Grant@communitynewspapers.com.
