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Hammock Oaks and Lakes

Introduction

General Overview

The gated community of Hammock Lakes is just one of the many lavish enclaves in the luxurious Coral Gables. It features breathtaking waterfront views, a blend of contemporary and classic architecture, spacious lots, five-star amenities, and some of the best schools in Miami. There are only around 160 homes in Hammock Lakes, ensuring privacy and security among its A-list residents. 

Location

Hammock Lakes is located in the southern part of Coral Gables, just off the tree-lined Old Cutler Road. Coral Gables in Miami-Dade County, Florida is located southwest of downtown Miami and is home to the University of Miami. It is near Coconut Grove, South Miami, West Miami, and Little Havana. 

Real Estate Community in Hammock Lakes

Average Land Area/House Square Feet

Homes in Hammock Lakes have an interior floor plan that ranges from 3,000 square feet to 13,620 square feet. 

Common Property Types or House Styles

Single-family homes dominate the real estate market in Hammock Lakes. All homes feature waterfront views and large lot sizes. Some have circular driveways and other exquisite details.

Average Market Pricing

Hammock Lakes homes for sale are priced from $499,000 to $10,900,000. Average market price is $1,398,000 to $7,495,000. 

Common Design, Construction, or Architectural Types

Residences in Hammock Lakes feature a mix of modern and traditional Coral Gables-style designs.Most of the structures in Coral Gables are in the Mediterranean Revival style. 

Homes are reminiscent of turn-of-the-century Venice and Granada. The influence of 20th century Spanish architecture is also evident in the home styles. Towering sculptures, elaborate fountains, and manicured landscapes are not uncommon in Coral Gables properties.

Notable Homeowners

Grammy winner Timbaland owns an 8,600-square-foot residence in Hammock Lakes. The property costs $7.95 million and has seven bedrooms, marble and granite furnishings, and custom woodwork. It is landscaped with oak trees and other native foliage. 

Living in Hammock Lakes

General Cost of Living

100 is the national average in the cost of living index. Coral Gables scores 165, with housing as the main factor driving the high cost of living in the city. The general cost of living in the city is 66% higher than the Florida average and housing is 208% higher than the national average.

Employment/Job Opportunities

Average household income in Coral Gables is $96,887. Some of the most profitable career sectors are in healthcare, legal, architecture, engineering, and arts and entertainment.

Weather

Warmest months are July and August, with an average temperature of 91°F. Meanwhile, January is the coldest month, with temperatures ranging from 60.1°F to 75.9 °F.

Restaurants

Boutiques, wine shops, and cafes line Miracle Mile while Miami’s best restaurants are on Ponce de Leon Boulevard and Giralda Avenue. There are a few bars on Giralda serving craft cocktails. Notable establishments are Titanic Brewing Company for local beers and Janette & Co. for macarons and French pastries.

Schools

Miami-Dade School District serves Coral Gables. Some of the public schools in the city are Coral Gables High School, International Studies Preparatory Academy, Henry S. West Laboratory Elementary, Coral Gables Preparatory Academy, George Washington Middle School, and Ponce de Leon Middle School.

Private schools in Coral Gables include Gulliver Academy - Marian C. Krutulis Campus, the lower campus of the Riviera Schools, St. Theresa Catholic School, St. Philip’s Episcopal School, French-American School of Miami, and St. Thomas Episcopal Parish School.

Transportation

One of the easiest ways to get around Coral Gables is to ride the free Coral Gables trolley, which stops at different points of interest in the city. There are Metrorail and Metrobus stations in Coral Gables connecting the city to the rest of Miami.

Parks, Recreational Activities, and Attractions

Popular landmarks in the city are the award-winning Biltmore Hotel and Venetian Pool, the city’s historic public pool. University of Miami is also situated in Coral Gables. 

Coral Gables Museum in the downtown is a must-visit for those who want to learn more about the city. This isn’t a tiny gallery; rather, the grounds are wide and can be explored by foot, on two wheels, or while canoeing. 

The Old Cutler Trail has one of Coral Gables’ picturesque landscapes, perfect for bikers and joggers. Matheson Hammock Park is recommended for those who would like to go fishing, hiking, or take photographs.

Other attractions include Actors’ Playhouse at Miracle Theatre, Bill Baggs Cape Florida State Park, Coral Gables Art Cinema, and Fairchild Tropical Botanic Garden.

The beautiful Hammock Lakes in Coral Gables is waiting for you. Get in touch with The Jills Zeder Group at 305.722.5721 or 305.341.7447 to get started on your search for the luxurious waterfront property or lavish single-family home of your dreams.

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