Merrick Manor’s flexible bulk packages continue to attract tremendous interest, as the luxury Coral Gables building just placed a 4-unit package under contract to an individual buyer. This new deal means there are only a few opportunities remaining to take advantage of this unique bulk offering.
The Merrick Manor sales team is getting flooded with calls from brokers representing prospective bulk buyers, with a brand-new developer incentive that guarantees a $4 per square-foot rent for 12 months after closing only adding to the interest. Miami-Dade County was the most competitive rental market in the entire nation in 2022, according to a RentCafe report cited by the Miami Herald. Each available apartment in the local market had an average of 32 prospective renters, while 75% of renters opted to renew their leases.
That level of competition for available apartments is giving Merrick Manor bulk buyers confidence that demand will be strong long after the 12-month guarantee period ends.
In these turbulent times, Merrick Manor’s flexible bulk packages are the safest bet in town. Where else can you find Coral Gables real estate that offers both monthly income and long-term upside?
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.” The building is surrounded by three championship golf courses and is just 20 minutes from Miami Beach.
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit the new Sales Gallery in Suite 117 on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday.