Miamism Blog

You are here

El Portal Homes Real Estate Market Report – May 2014

Ines Hegedus-Garcia

There are currently  15 El Portal homes for sale: (3 more than last month)

  • Highest priced listing: $789,000 for a 1910 restored Southern Plantation home located at 6 NE 89 St.
  • Lowest priced listing: $269,000 for the home located at 290 NW 86 St.
  • Pending Sales: 6 (2 less than last month)
  • Closed sales in May: 4 (1 more than last month)


The 4 El Portal Homes sold in May were:

  • 386 NE 85 St - River front, 1929 restored home, originally listed for $479,999 in September of 2013 and selling for $465,000 ($216/sq.ft.)
  • 301 NE 87 St - originally listed for $350,000 in February of 2013 with a prior pending offer that fell through and finally selling for $335,000 ($185/sq.ft.)
  • 149 NE 89 St - originally listed for $325,000 in August of 2013 with prior pending offer that fell through and closing at $307,000 ($216/sq.ft.)
  • 8665 NE Miami Ct - originally listed for $299,999 in January of 2014 and selling for $275,000 ($255/sq.ft.)

The average sold price per square foot of  El Portal homes in May was $219 (and that's not counting the river front property).  What a big change compared to past months, which is an amazing sign for El Portal.  The average price is past months has been as follows:

  • April $177/sf
  • March $149/sf
  • February $192/sf
  • January $174/sf
  • Average price per square foot in 2013 $176

Because neighboring towns like Miami Shores and Biscayne Park have seen such increases in real estate, El Portal remains one of the affordable areas with a great community feel, their own city hall and police department.  It's a great area if you have been priced out of neighboring cities and you will still be in close proximity to all their amenities and events.

Remember we don’t just provide these market reports for your information and enjoyment, we are El Portal REALTORS, ready to list and market your property!  We are now also providing these quick services to help with your real estate needs:




To sell or buy your El Portal home, please contact us at

geanemiami 16th June, 2014

@ines terrific job! via Miamism > El Portal Homes Real Estate Market Report – May 2014

ines 16th June, 2014

El Portal Homes Real Estate Market Report – May 2014

Recent Posts

Due to recent events involving a few minor car accidents in Miami, I decided to republish this article to lighten up the atmosphere (timeless piece, originally written on January 6, 2008). One of the main complaints we hear... more

There are currently 55 Surfside homes for sale: (compared to 51 in May) Highest priced listing:  $5,000,000 (1332 Biscaya Dr - see below) Lowest priced listing: $565,000 (9156 Harding Ave - see below) Pending Sales: 1(... more

  • Jul 12, 2017

If you are in the market to sell your Miami home, how do you interview Miami Realtors? What questions do you ask and ultimately, what’s the most important factor when choosing a Realtor? When we asked random people what... more

We all know Miami is a young city, a baby compared to many other United States cities.  But when you think of Miami's birth, Coral Gables always comes to mind and the man behind Coral Gables, George Merrick.   In the 1920's... more

What is the Value of my Home?

Obtain a free personalized home pricing report.