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58 T R O P I C M A G A Z I N E The Coral Isles What's on the market now: Address: 440 San Marco Drive Description: 5-bed, 7-bath, waterfront, pool Size: 7,163 Square Feet Asking Price: $6,450,000 Listing Agent: Catherine Alegre Company: City Real Estate Corp. Contact: 954 242.7293 Address: 650 San Marco Drive Description: 5-bed, 5.5-bath, waterfront, pool Size: 10,373 Square Feet Asking Price: $16,900,000 Listing Agent: Tim Elmes Company: Compass Florida Llc. Contact: 954 522.2803 Address: 421 5 Lido Drive Description: 5-bed, 5.5-bath Size: 4,653 Square Feet Asking Price: $3,495,000 Listing Agent: Julie Jones Bernard Company: Florida Luxurious Properties Contact: 954 328.3665 Luna, Venezia and San Marco, and by November of 1937, its lots were read- ied to hit the market, priced from about $3,000. The first home was begun that month, designed by Miami architect Carlos Schoeppl. Advertising mate- rials were completed and waxed on poetically about "stately, symmetrical Royal Palms" and a waterway Stilwell rechristened (in a bit of marketing ge- nius) as the "Intracoastal Yacht Waterway." Homes were restricted to have a minimum cost of $8,500, and plans were available for homes ranging from $10,000 to $20,000 – very high-end for 1937. Today, it's easy to spot which peninsulas make up the Coral Isles, as massive coral stanchions surmounted by cast eagles mark the entries to Coral Way, San Marco Drive and Lido Drive along E. Las Olas Boulevard. And, as far as Stilwells original Mediterranean vision, a lot of that eventually did happen, although that didn't start until the turn of the 21st century. Today, the majority of homes on the market on Lido Drive, San Marco Drive and Coral Way run from $2.5 to $4 million, but out of the 17 properties available, six have ask- ing prices of over $5 million, and with good reason. At the top of the market is 650 San Marco, an exquisitely renovated, point lot estate on over ½ acre, boasting 425 feet of deep water frontage. Asking price for this 10,373 square foot house is $16,900,000. New to the market at 440 San Marco Drive is a newly-built, 5-bedroom home of 7 ,426 square feet with 100' of water frontage. Finished with today's tech- nological advances like Sonos audio, Lutron lighting and home automation, it has an asking price of $6,450,000. Architecturally, the Coral Isles are like a tour through the last nine decades. There are gorgeous, well-preserved homes dating from the 1930s, mid-cen- tury ranch-style homes, Mediterranean Revival homes as well as spectacular Modernist homes. Today, the majority of homes on the market on the three Coral Isles run from $2.5 to $4 million, but out of the 17 properties available, six have ask- ing prices of over $5 million, and with good reason. 58 T R O P I C M A G A Z I N E T

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