Coconut Grove Homes On Pinterest

Coconut Grove Homes Pinterest Board

There is no doubt that Coconut Grove is one of the most unique communities in South Florida.  Our real estate is about as colorful and diverse as you will find anywhere.  I have been collecting photos of homes in Coconut Grove on our Pinterest board for the past few years.  If you aren’t familiar with the Grove, this is a great place to get a sense of the various styles of homes that we have to offer.

Click here to scroll through our Coconut Grove Homes Pinterest board.

Our most popular photo on Pinterest is the before & after staging photo for our past listing at 3025 Blaine Street which earned over 150 repins!

Blaine

As the #1 Top Producing Realtors in Coconut Grove for over 5 years, we know the market here inside and out.  If you are interested in buying or selling real estate in Coconut Grove and would like to set up a no pressure consultation, please feel free to contact The Riley Smith Group at 305-342-1623 or send us a message here. 

 

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Sneak Peek At Our New Coconut Grove Waterfront Home For Sale!

South Bayshore Lane, Coconut Grove

The Riley Smith Group will be placing a new listing on the MLS this week and I wanted to give my blog readers the first opportunity to see it. 1726 South Bayshore Lane is a Mediterranean style home with spectacular water views from every level.  Built in 2004, this home offers 7 bedrooms, 7.5 baths with 6,519 square feet of living space. It is a great home for entertaining with a professional home theater, custom bar and a large terrace overlooking Biscayne Bay. This impeccable developer’s home also features top of the line finishes, chef’s kitchen, elevator, impact glass, guest suite and maid’s room. There is dock space with a deep water draft and no bridges to the bay. Private police patrols the area.

South Bayshore Lane, Coconut Grove

Waterfront Home in Coconut Grove

South Bayshore Lane Kitchen

Coconut Grove Waterfront Home

The Coconut Grove waterfront home market is very active – we recently placed one of our waterfront listings under contract in less than 30 days!

As the #1 Top Producing Realtors in Coconut Grove for over 5 years, we know the market here inside and out.  If you are interested in buying or selling real estate in Coconut Grove and would like to set up a no pressure consultation, please feel free to contact The Riley Smith Group at 305-342-1623 or send us a message here. 

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EWM Sells A $1,000,000+ Residence Every 17 Hours

In today’s world it is essential for Realtors to partner with a large brokerage who can provide international exposure for their listings.  I have worked with EWM Realty International for over 10 years and couldn’t imagine hanging my license anywhere else.  In South Florida, EWM is by far the dominant broker, selling a $1,000,000+ residence every 17 hours.  EWM also has the highest market share of total sales in Coconut Grove over the past 12 months.  Through our affiliation with Christie’s Great Estates, we have a network of more than 25,000 agents across 40 countries offering an unmatched level of global visibility.  Our listings are also showcased on LuxuryPortfolio.com which is an award-winning website marketing over 25,000 listings and featuring more $1,000,000+ homes than competitor sites.

If you are interested in learning more about how we combine traditional marketing techniques with cutting edge strategies to get your home sold quickly and for the highest price, please contact me at 305-342-1623 for a no pressure consultation.

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Significant Sale | 3965 Leafy Way Sells For $615.00/Sq. Ft.

Leafy Way, Coconut Grove

Significant sale by The Riley Smith Group! Congratulations to our sellers who just closed on their property at 3965 Leafy Way.  Leafy Way is one of the most coveted streets in Coconut Grove.  This DeGarmo designed estate had an incredible amount of charm with the original fireplace, Cuban tile and wood floors and an exquisite wrought iron staircase.   It was situated on a large 21,190 square foot lot with towering oak trees and lush landscaping.  Details of the home include 3 bedrooms, 4 baths with 3,443 square feet of living space.  The home sold for $2,120,000 or $615.00/square foot.

Walter C. De Garmo was one of Miami’s most renowned architects.  He built his own residence in what is now the gated community of “De Garmo Estates” along Douglas Road.  He has built several homes and buildings throughout Coconut Grove and his legacy contributed greatly to South Florida’s Mediterranean style architecture.

There are two De Garmo designed properties for sale in Coconut Grove today.  View photos and information for these properties below:

As the #1 Top Producing Realtors in Coconut Grove for over 5 years, we know the market here inside and out.  If you are interested in buying or selling real estate in Coconut Grove and would like to set up a no pressure consultation, please feel free to contact The Riley Smith Group at 305-342-1623 or send us a message here.

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Coconut Grove Gated Community 2014 Market Update

Gated Community Map With Watermark

Homes in Coconut Grove gated communities got a big boost in 2014 with the average “sale price/square foot” rising to nearly $600.00.  This figure tells us that buyers are willing to pay nearly $200.00/square foot more for the added benefits of living in a gated community.

The highest sale price for a home sold in a gated community during 2014 was located in The Anchorage.  3501 Anchorage Way offered 7 bedrooms, 8 baths with 8,800 square feet of living space on a 15,386 square foot lot.  The home had direct bay views with private basin boat dockage.  It closed for $5,460,000 or $620.00/square foot.

Gated Communities Chartt

Gated Community Coconut Grove 1

As the #1 Top Producing Realtors in Coconut Grove for over 5 years, we know the market here inside and out.  If you are interested in buying or selling real estate in Coconut Grove and would like to set up a no pressure consultation, please feel free to contact The Riley Smith Group at 305-342-1623 or send us a message here.

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New On The Market! Bermuda Colonial Style Home With Guest Quarters!

Tigertail Avenue Collage

We just listed this classic Bermuda Colonial style home at 1730 Tigertail Avenue in Coconut Grove.  Gated and walled for privacy, the elegant entryway opens to light filled living spaces. The main floor features a formal living and dining room, family room as well as a study/office.  The kitchen has been recently renovated.  All four bedrooms are located upstairs including the expansive master bedroom with private terrace overlooking the pool.  The detached 1 bedroom, 1 bath guest quarters has its own kitchen perfect for extended stay visitors!

Details of 1730 Tigertail Avenue, Coconut Grove:

  • 5 bedrooms, 4 baths
  • 3,216 square feet of living area
  • 9,000 square foot lot
  • View more photos here
  • List Price: $1,350,000

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As the top producing Realtor in Coconut Grove for over 6 years, we know the market and track the trends.  If you are interested in buying or selling Coconut Grove real estate please don’t hesitate to contact us, we would love the opportunity to work with you.  We can be reached anytime at 305-342-1623 or by filling out a contact form here.

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Our Changing Real Estate Market…

The Coconut Grove real estate market has changed significantly over the past few years.  If you follow our blog then you know that the biggest changes have been the rise in prices and falling inventory levels.

Take a look at the charts I created below which show the distribution of Coconut Grove homes sold in 2011 vs. 2014.  You can see how our market has shifted in just 4 short years.

The reason for the percentage increase in $1,000,000 and up homes is not because there is a higher demand for these properties. The reason is because inventory levels are extremely low for the $1,000,000 and under homes which has created fewer sales for that segment.

2011 distribution of coconut grove homes

2014 distribution of coconut grove homes sold

As the top producing Realtor in Coconut Grove for over 6 years, we know the market and track the trends.  If you are interested in buying or selling Coconut Grove real estate please don’t hesitate to contact us, we would love the opportunity to work with you.  We can be reached anytime at 305-342-1623 or by filling out a contact form here.

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How Does Coconut Grove Real Estate Compare To Coral Gables?

The neighboring communities of Coconut Grove and Coral Gables are extremely different in terms of size and style.  But it may be surprising to some that the real estate markets are actually very similar.  I created the charts below which show the average sale price and the average “sale price/square foot” for homes in Coconut Grove vs. Coral Gables between 2008 and 2014.  In terms of average sale price, Coral Gables and Coconut Grove have fluctuated over the years between the higher and lower positions.  But for two years in row now, Coconut Grove has had a much higher “sale price/square foot” than Coral Gables.

Coconut Grove vs Coral Gables Real Estate Chart

Coconut Grove vs Coral Gables Real Estate Chart 2

The segment of the market where we see the largest discrepancy between the two communities (which is not apparent from the charts) is in the $1,000,000 and below market.  The average “price per square foot” for homes under $1 million tends to be much higher in Coconut Grove than Coral Gables.  Due to the lack of inventory in this price range in Coconut Grove (there are just 22 homes for sale under $1,000,000), the homes tend to sell faster and closer to asking price in the Grove.

As the #1 Top Producing Realtors in Coconut Grove for over 5 years, we know the market here inside and out.  If you are interested in buying or selling real estate in Coconut Grove and would like to set up a no pressure consultation, please feel free to contact The Riley Smith Group at 305-342-1623 or send us a message here.

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Back On The Market! Quintessential Coconut Grove Bungalow

3782 Kumquat Avenue, Living Room

Our listing at 3752 Kumquat Avenue in South Coconut Grove is a unique opportunity to own a quintessential Coconut Grove bungalow.  This perfectly maintained and restored home has been featured in countless publications including Beth Dunlop’s “The Tropical Cottage”.  The house was also recently chosen to be on the cover of EWM’s Casas and Condos Magazine which was distributed to 200,000 recipients across Miami (view a copy below!).

South Florida Casas & Condos: Winter 2014

This home is tucked behind a coral rock wall and is surrounded by lush professionally landscaped gardens with winding pathways.  The “Old Miami”  style front porch leads you to light filled living spaces with a fireplace and wood floors.  The home features formal living and dining rooms and a master suite with separate sitting area.

3782 Kumquat Avenue, Kitchen

Backyard at 3752 Kumquat Avenue, Coconut Grove

Details of 3752 Kumquat Avenue:

  • 1,584 Sq. Ft. LA
  • 7,400 Sq. Ft. Lot
  • 3 Bedrooms, 2 Baths
  • Offered at $699,000

If you would like to schedule a showing of this property, please contact my office at 305-960-5318 or send us a message here.

We have been the top selling Realtors in Coconut Grove for over 5 years and would love the opportunity to work with you.  Call today to schedule a no pressure buyer or seller consultation. Reach us at 305-342-1623 or by filling out a contact form here.

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Looking For A Coconut Grove Home With Separate Guest Quarters?

Home For Sale In Coconut Grove

If you are looking for a home in Coconut Grove with private guest quarters then you will want to check out my new listing at 1660 Nocatee Drive.  This home offers 3,809 square feet of living area on an 11,342 square foot lot and a total of 5 bedrooms, 4.5 baths. The 1 bedroom, 1 bath attached guest quarters overlooks the sparkling pool and is perfect for your in-laws, as an office or artist studio.

Located in prestigious North Coconut Grove, 1660 Nocatee Drive has been renovated with attention to detail.  Special features include wood floors, fireplace, custom built-ins/millwork and a large chef’s kitchen with island.  French doors open to an expansive covered terrace and pool surrounded by lush tropical gardens.

Just minutes to downtown Miami, Coral Gables, the Beaches and the Grove village center’s many boutiques, galleries, cafes and bay-front parks and marinas.

Home For Sale In Coconut Grove

Nocatee 4

Coconut Grove Homes For Sale

If you would like to schedule a showing of this property, please contact my office at 305-960-5318 or send us a message here.

We have been the top selling Realtors in Coconut Grove for over 5 years and would love the opportunity to work with you.  Call today to schedule a no pressure buyer or seller consultation. Reach us at 305-342-1623 or by filling out a contact form here.

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Coconut Grove Gated Communities

Coconut Grove Condos

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