Coral Gables had a phenomenal 2014 for real estate sales. There were 520 closed sales from January 1, 2014 through December 31, 2014 and 218 of those were cash sales. The highest priced sale for the year was for a 21,000 square foot, waterfront home in Tahiti Beach, listed by One Sotheby’s Saddy Delgado and sold by Irina Artemova of Luxe Living Realty for $18,000,000. Both the number of closed sales and the number of cash sales were down from 2013, which reported 607 closed sales, 224 of which were cash, but the percentage of cash sales was higher in 2014 at almost 42% of all transactions.
