Back In Town And Ready To Finish Out 2015

Tuscany 1

I am back in town after a wonderful trip to Europe with my family. We had great weather, fantastic food and even better wine. Although it was fun to get away, I am happy to be back in Coconut Grove and ready to get the second half of 2015 going. The months of June, July and August are typically the slowest months for real estate in Miami (which is the exact opposite of most other cities in the country). Many people head out of town to escape the high temperatures and humidity and seem to put home shopping on the back burner. We see a drastic decrease in the number of residents as well as out of town visitors.

Although the number of pending sales tend to be down during these months, the buyers who are in town are serious buyers who are ready to make a move.

Our office has several new listings coming on the market over the next few weeks, and we have many properties that are available for sale but not listed on the MLS. Call me at 305-342-1623 if you would like to learn more about these homes or are interested in arranging a buyer or seller consultation.

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We Have Been Busy! Check Out Our Recent Coconut Grove Sales

Summer is typically a slow time for real estate in Miami; however, our office has been busy with new listings, pending sales and closings.  Check out a few of our recent closed sales in Coconut Grove below!

Are you still searching for a home? We have the best properties on the market, view our current listings here.

De Garmo Estates, Coconut Grove

3730 De Garmo Lane | De Garmo Estates | 5 BR, 5.5 BA | 4,394 SF  LA | 11,036 SF Lot | SP: $2,375,000

17 Tigertail 14

1730 Tigertail Avenue | 5 BR, 4 BA | 3,216 SF LA | 9,000 SF Lot |  SP: $1,212,500

3782 Kumquat Avenue, Living Room

3572 Kumquat Avenue | 3 BR, 2 BA | 1,584 SF LA | 7,400 SF Lot | SP: $675,000

Kumquat Avenue, Coconut Grove

3983 Kumquat Avenue | 2 BR, 3 BA | 1,159 SF LA | 7,200 SF Lot| SP: $599,000

We have been the #1 Top Producing Realtors in Coconut Grove for over 5 years, and know the market inside and out. If you are interested in buying or selling real estate in Coconut Grove, please contact us at 305-342-1623 or send us a message here.

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It’s Coming….Park Grove Starts Construction

Park Grove Construction

You may have noticed that there are a few more tractors along South Bayshore Drive lately. Yes, construction has officially begun at Coconut Grove’s newest luxury condo project “Park Grove”. They may just be moving dirt around for now, but in the blink of an eye there will be 3 new towers  gracing the skyline of Coconut Grove. Designed by OMA-Rem Koolhaus, Park Grove will set a new standard of luxury here in the Grove.

Learn more about the features and amenities of Park Grove here: Live In Paradise At Park Grove

There are still many great investment opportunities available at Park Grove, if you would like to know pricing information, please give me a call at 305-342-1623 or send me a message here.

Park Grove picture

Park Grove Pool

We have been the #1 Top Producing Realtors in Coconut Grove for over 5 years, and know the market inside and out. If you are interested in buying or selling real estate in Coconut Grove, please contact us at 305-342-1623 or send us a message here. 

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Coconut Grove Townhouse Update | Inventory And Sales Are Down In 2015

3060 Indiana Street 2

I pride myself on “telling it like it is” when it comes to real estate and my blog articles are no exception. Right now the real estate market is SLOW in the Center Grove and I am not afraid of saying it. There have been only 37 townhouses closed this year compared to 50 during the same time period last year. In my opinion, the downturn can be attributed to low inventory levels. We have just 16 townhouses currently on the market in Center Grove (east of 32nd Avenue) which might be the lowest level on record. With that kind of inventory to work with I’m not surprised by the low sales figures, after all, you can’t sell what you don’t have!

I believe that there are a lot of people who would like to put their townhouse up for sale, but they have nowhere to go. Prices for single family homes in Coconut Grove have risen so dramatically that many people are priced out of the market. Although values have risen significantly for townhouses, they have basically come back to where they were prior to the crash; whereas prices for single family homes have bounced back much higher. This leaves many potential sellers playing the waiting game.

If you live in the Center Grove and are curious what your townhouse is worth, please contact me. Even if you aren’t interested in selling now, I would be happy to sit down with you and discuss your home’s value. I can be reached anytime on my cell phone at 305-342-1623 or you can send me a message here.

Below are some more statistics on the Coconut Grove townhouse market:

  • Average List Price For Townhouses In Coconut Grove: $600,489
  • Average Sale Price For Townhouses In Coconut Grove: $585,784
  • Average Sale Price/Square Foot For Townhouses Sold In 2015: $308

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EWM Ranks #1 For Luxury Real Estate In Miami

The Brand That Defines Luxury Real Estate - 0518

I am excited to announce that the latest numbers are in and EWM Realty International ranks #1 in all categories for luxury real estate across Miami-Dade and Broward County since January 1st, 2015.

We have also been chosen by our peers as Miami’s #1 residential real-estate brokerage firm. The selection was made by 105 top real estate professionals within our community, whose opinions were solicited by The Miami Herald and an International research firm. The participants were asked the question, “Which real estate company would you choose to buy or sell your own personal residence, if you could not use your own company?”. Their #1 response was EWM.

These numbers are the result of hard-work, professionalism and the extra effort that all EWM agents put forth when handling a real estate transaction.

If you are interested in buying or selling a home in Coconut Grove and would like to work with the #1 Top Selling Realtor in the Grove for over 5 years, please contact me at 305-342-1623 or send us a message here. I would love the opportunity to work with you!

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Another Townhouse Sold By The Riley Smith Group!

Exterior Matilda

Congratulations to our buyers who just purchased the townhouse at 3081 Matilda Street in Center Coconut Grove. This was a fantastic townhouse that had great features such as wood + marble floors, stainless steel appliances, metal roof, steel doors, new A/C, plantation shutters, California closets, 2 car garage, Chicago Brick exterior as well as an outdoor jacuzzi.  It offered 3 bedrooms, 2 baths with 2,070 square feet of living space.  The townhouse sold for $650,000 or $314.00/square foot.

Kitchen Matilda

The Riley Smith Group was the top selling team in the Coconut Grove townhouse market during 2014. If you are curious about the value of your townhouse and would like a no pressure valuation, please feel to contact us. We know the market inside and out! We can be reached anytime at 305-342-1623 or by sending us a message here.

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Another Ultra-Luxury Home Sale In Coconut Grove

Devon

2015 is turning out to be a great year for ultra-luxury homes in Coconut Grove.  Last week the news broke that LeBron’s $15,000,000 mansion went under contract, and just yesterday a home in Hughes Cove closed ABOVE asking price for $12,850,000 (asking price was $11,900,000). 3310 Devon Court had been on and off the market since 2012, starting at an initial asking price of $12,900,000. It is very likely that the purchase included furniture and artwork which pushed the sale price higher than its asking price.

3310 Devon Court was not located directly on the water, but did offer great bay views and had its own boat dock and access to a tennis court.  Built in 2003, this Italian villa was situated on 3 large lots with 5 bedrooms, 5 baths (3 half baths) and 10,086 square feet of living space. Some of the special features included a magical rooftop retreat, large dining room with space for 14+ guests, outdoor seating for 20+, full house generator and elevator. Hughes Cove is one of the most prestigious gated communities in Coconut Grove and is named after American business tycoon Howard Hughes who originally owned the land. Listing agents were Lourdes Alatriste and Viviana Diaz of Engel and Voelkers.

View 2015’s Ultra-Luxury Home Sales In Coconut Grove:

  • SOLD: 3505 Main Lodge Drive | Sale Price: $11,000,000
  • SOLD: 3310 Devon Court | Sale Price: $12,850,000
  • PENDING: 3590 Crystal View Court | List Price: $15,000,000
  • PENDING: 3525 Anchorage Way | List Price: $8,950,000
  • PENDING: 3305 S. Moorings Way | List Price: $8,900,000

We have been the #1 Top Producing Realtors in Coconut Grove for over 5 years, and know the market inside and out. If you are interested in buying or selling real estate in Coconut Grove, please contact us at 305-342-1623 or send us a message here.

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Wanted! 3 Bedroom Unit At The Grovenor House

Grovenor House

Inventory is extremely low at The Grovenor House with just 6 condos on the market for sale. We are working with a buyer who is very interested in purchasing a 3 bedroom in the building and has seen everything that is currently available.

If you have a 3 bedroom unit at The Grovenor House and are thinking of selling (or are a Realtor and have a 3 bedroom pocket listing), please contact us at 305-342-1623 or send us a message here.

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LeBron James’ $15,000,000 Coconut Grove Home Goes Under Contract

LeBron James Home In Coconut Grove

LeBron James is having a busy week. In the middle of wrapping up the Eastern Conference Championship and preparing for the NBA Finals, he placed his $15,000,000 Coconut Grove home under contract.  Located at 3590 Crystal View Court this property has been on the market since October of 2014 at an original list price of $17,000,000 (he purchased it for $9,000,000 in 2010). The home offers 12,178 square feet of living space on a 19,941 square foot lot with direct bay views. Some of the unique features include a wine cellar, custom theater, dock for two 60′ boats, 4,500 of entertainment space and a private rooftop master deck. The home is listed by Tomi Rose of Opulence International Realty.

Crystal B

Learn more about waterfront homes in Coconut Grove here.

We have been the #1 Top Producing Realtors in Coconut Grove for over 5 years, and know the market inside and out. If you are interested in buying or selling real estate in Coconut Grove, please contact us at 305-342-1623 or send us a message here.

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Roney Mateu Designed Home Sells For $557/Sq. Ft.

2265 Tequesta Lane, Coconut Grove

The home located at 2265 Tequesta Lane in the North Grove has closed for $1,510,000. Designed by award winning architect Roney Mateu, this modern home was extremely unique with two story walls of windows, exposed metal beams, glass catwalk, lap pool and an open floor plan. At $557.00/square foot, the sellers certainly capitalized on the Roney Mateu name. The home offered 4 bedrooms, 4 baths with 2,707 square feet of living space on a 5,000 square foot lot. Listing agent was Marlene Ramirez of Keyes.

Side Note: In 2013, the home next door to this one which was also designed by Roney Mateu (2259 Tequesta Lane) closed for $1,350,000 or $468.00/square foot. This was also a 4 bedroom, 4 bath home on a 5,000 square foot lot. 

2265 Tequesta Lane, Coconut Grove

We have been the #1 Top Producing Realtors in Coconut Grove for over 5 years, and know the market inside and out. If you are interested in buying or selling real estate in Coconut Grove, please contact us at 305-342-1623 or send us a message here.

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