Pinecrest Real Estate

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Pinecrest Real Estate

 

Pinecrest is located just south of Coral Gables, West of South Red Road / Old Cutler Road and East of the Pinecrest Parkway. The Pinecrest real estate market is dominated by single – family homes mostly located on larger lots. In Pinecrest most lots vary between 20,000 Sq.Ft and an acre, sometimes even larger.

Pinecrest is known to be one of Miami’s most desired neighborhoods.  Pinecrest is very much in demand with buyers as it is home to many of Miami’s best (highly rated) public schools. As many young families like to provide their kids with the best education possible, Pinecrest is a desired location for real estate because in order to quality for Pinecrest’s excellent schools district, you need to live in the area. Furthermore, the village is very much in demand with families as the area is safe and offers many parks.

 

The Pinecrest Fl Real Estate Market

Although Pinecrest has always been a sought-after neighborhood because of the school district, the village got a lot of investors’ attention in the last few years. With rising values and low inventories in neighborhoods like Coral Gables or Coconut Grove, investors and buyers started looking South where properties were still affordable and their dollar stretched further.

Looking at Pinecrest homes for sale we can clearly see a split in two categories*

    • First, we have the more dated homes (built in 1960’s-1970’s) which often need some level of upgrading or remodeling. These are often priced below the $1,000,000 mark
    • Second, we have the brand new, recently finished homes that are priced largely over the $1M range

* Pinecrest homes come in all shapes, prices and types but in general we see a big tendency towards the above groups

Pinecrest is seeing a recent trend of investors buying empty lots or the more dated or even teardown properties. They transform these older properties into brand new mansions or they build a luxury home from the ground up.

Since empty lots in Pinecrest are scarce, the search for homes to remodel is more desired by investors these days. As Pinecrest is known for its larger lots, most of these newer homes being built are luxurious mansions, which are often substantial in size.

Needless to say this new trend is leading to a transformation of the Pinecrest Florida real estate market into a more luxury-oriented real estate market.

The increasing demand for Pinecrest homes and the construction of new multi-million dollar mansions has increased Pinecrest home values considerably. Nonetheless, Pinecrest is still more affordable than areas such as Coral Gables or Coconut Grove.

Townhomes in Pinecrest

Townhomes are not common in Pinecrest but the recent demand for townhomes in the Miami market has led developers to introduce the Luxury villas at Pinecrest: The Villas at Pinecrest is a collection of 18 luxurious and contemporary coastal styled villas. The 18 unique residences feature 3 stories, 4 bedrooms, 3 bathrooms, a 2-car garage as well as fine finishes and high quality bathrooms and kitchens. These brand new residences are located in a gated community in Pinecrest.

The Schools in Pinecrest

An important factor in the desirability of Pinecrest Homes for sale is the presence of many “A” Rated public schools in the area.  Parents like to provide their kids with the best education possible, while avoiding the pricier private schools in Miami. When looking to buy or to rent in Miami, Pinecrest is often a place of preference for families who want to live in this area to qualify for Pinecrest’s excellent school district.

 

More Pinecrest Real Estate Options

Pinecest Real Estate
Pinecrest Homes for Sale
New Construction Homes for Sale in Pinecrest
Pinecrest Homes in Gated Communities
Pinecrest Condos for Sale
Pinecrest Penthouse for Sale

For more information on the Pinecrest Real Estate Market or Pinecrest Homes for Sale please contact David Siddons

David Siddons | 305.508.0899 | David@siddonsgroup.com

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