New Listing In Sought After Peppertree Village, Coconut Grove

Peppertree Village Collage

Some places just have a certain charm about them that makes them very desirable. Peppertree Village is one of those locations.  This private community of 11 townhomes is surrounded by lush foliage and located just steps from Coconut Grove’s boutiques, galleries, cafes, bay-front parks and marinas.   As you enter the gate and walled courtyard of this residence, you are greeted by open living spaces which are flooded with natural light.  The home features volume ceilings, an updated eat-in kitchen, updated baths, 1 car garage, private rooftop terrace and community pool.  This is a rare opportunity and one that will certainly go fast!  If you are interested in learning more about this listing, please contact my office at 305-960-5318.

Details of 2960 Day Avenue, Peppertree Village:

  • 2 Bedrooms, 2 Full Baths, 1 Half Bath
  • 1,275 Square Feet Of Living Space
  • More Photos Here
  • Listed by The Riley Smith Group

If you are interested in buying or selling a home in Coconut Grove it is essential to work with someone who knows the numbers and tracks the sales.  I have been the #1 top producing Realtor in Coconut Grove for over 5 years and would love the opportunity to work with you.  I can be reached anytime on my cell phone at 305-342-1623 or you can send me a message here. 

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Another Coconut Grove Home Sold By The Riley Smith Group! | 4045 Malaga Avenue

Low Res Malaga Exterior

Congratulations to our sellers who just closed on their home located at 4045 Malaga Avenue in South Coconut Grove.  This Miami modern style home offered 5 bedrooms, 6 baths on a 9,000 square foot lot.  The buyers got a great home that featured walls of windows, light filled living spaces, marble floors, tray ceilings, expansive kitchen which opened onto the family room and a luxurious master suite with private terrace.  The home sold for $1,213,459.

We Know Coconut Grove Real Estate.

If you are interested in buying or selling a home in Coconut Grove it is essential to work with someone who knows the numbers and tracks the sales.  I have been the #1 top producing Realtor in Coconut Grove for over 5 years and would love the opportunity to work with you.  I can be reached anytime on my cell phone at 305-342-1623 or you can send me a message here. 

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Coconut Grove Real Estate Market Review

Coconut Grove Real Estate Chart 1

Coconut Grove Real Estate Chart 2

The charts above show how the Coconut Grove real estate market has fared over the past 7 years.  It is fascinating to see how far we have come since 2008.  As you can see 2013 was a record breaking year for both “Total Volume Sold” as well as “Number Of Homes Sold” and it remains to be seen whether or not we will match or beat those figures this year.

If the market stays on track I believe that 2014 will have a higher volume than 2013 but perhaps fewer sales.  How can that happen?  Values have risen significantly since 2013 and we don’t need as many homes to sell in order to break that $216,000,000 threshold from last year.  The average “Sale Price/Square Foot” right now in Coconut Grove is $428.00/sq. ft., which is up from $356.00/square foot last year.

There are currently 30 homes under contract in Coconut Grove with list prices totaling nearly $42,000,000 in volume.

The Coconut Grove real estate market has changed dramatically over the past 12 months.  If you are curious about the value of your home in today’s market, please don’t hesitate to contact me at 305-342-1623.   Over the past 13 years I have sold over $250,000,000 in real estate and have been the top selling Realtor in Coconut Grove for over 5 years.  I would be happy to sit down with you for a no pressure consultation.  I can be reached anytime on my cell at 305-324-1623 or you can send me a message on my contact form here.

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The Story Of A Coconut Grove Townhouse Owner

Coconut Grove Townhouse

It is sometimes hard to grasp how well the market is doing when you hear the latest real estate percentages, averages and trends.  But the story of my client who recently sold his Coconut Grove townhouse helps to put into perspective how far the market has come over the past few years.

Back in 2009 he came to us looking to buy a townhouse in Coconut Grove.  He liked the urban lifestyle of the Center Grove and wanted to be able to walk into town.  He also liked that townhouses were lock-and-go and easy to maintain compared to single family homes.   At that time, there was a TON of inventory in the Center Grove.  He had his choice of units, but decided on one located at 3060 Indiana Street because it was a very large unit and also because the developer had put in some nice upgrades which added to the value.  It wasn’t the least expensive townhouse on the market but it was a good choice in terms of location and features.  It offered 3 bedrooms, 2 bathrooms with 3,025 square feet of living space with a 1 car garage and pool.  He purchased the townhouse for $515,000.

Fast forward to 2014.  He contacted me a few months ago and told me that he needed to sell.  He had been tracking the market and believed that he would see a nice return on his investment. We placed the townhouse on the market for a list price of $735,000 and put it under contract in less than 10 days.  The townhouse closed this week for $695,000 which is one of the highest sale prices for a newer construction townhouse in the Center Grove this year.  This is a gain of $180,000 in 5 years.

An experienced, knowledgeable Realtor is able to guide you towards the best investment in your price range.  We know the streets, the builders, the layouts and the amenities that will help reduce your risk and make smart decisions.

We Know Coconut Grove Real Estate.

If you are interested in buying or selling a home in Coconut Grove it is essential to work with someone who knows the numbers and tracks the sales.  I have been the #1 top producing Realtor in Coconut Grove for over 5 years and would love the opportunity to work with you.  I can be reached anytime on my cell phone at 305-342-1623 or you can send me a message here. 

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Another “Tropical Cottage” Home Sells In Coconut Grove

3582 avocado avenue

If you live in Coconut Grove and don’t have a copy of “The Tropical Cottage: At Home In Coconut Grove” by Beth Dunlop then you should definitely pick one up.  This book showcases the best of Coconut Grove’s charming bungalows and cottages.

The homes that have been featured in the book certainly have something extra special to boast about when they come on the market for sale.  There have been several that have traded hands over the past few years and most have sold for above average prices.

  • 3720 Kumquat Avenue closed for $431,000 or $451.00/sq ft. in 2013 | Listed by Vicki Restivo of EWM
  • 3559 Palmetto Avenue closed for $1,330,000 or $423.00/sq. ft. in 2014 | Listed by The Riley Smith Group 

This week another “Tropical Cottage” home sold in Coconut Grove. Located at 3582 Avocado Avenue in South Coconut Grove, the property closed for $760,000 or $420.00/sq. ft. (listed by Kathleen Morris of One Sothebys).  Built in 1919, it was one of the original homes of Coconut Grove Park and offered 4 bedrooms, 3 baths with 1,809 square feet of living area on a 7,000 square foot lot.

If you are interested in homes for sale that have been featured in this special book, you should check out my listing at 3752 Kumquat Avenue.  Built in the early 1900′s, the home has been restored to perfection and includes many of the original architectural details.    Click here for details.

I am a Coconut Grove real estate specialist.  Over the past 5 years, I have earned the distinction of selling the most number of homes in Coconut Grove.  If you would like to schedule a buyer or seller meeting with me, please feel free to call me directly at 305-342-1623 or send me a note here.

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4150 Malaga Avenue Sells For All Cash, Full Asking Price

Malaga 4150

Coconut Grove real estate is particularly hot right now for properties listed under $1,000,000.  With values going up every day in Coconut Grove, it is not uncommon for homes in this price range to sell before they hit the market.  I recently had a listing at 4150 Malaga Avenue which was placed under contract prior to coming on the MLS.  I spread the word to a few agents in my office and sure enough someone had a buyer who gave us a full price, cash offer.   The home sold for $799,000.

This was a mid-century modern home designed by famed Miami architect, Trip Russell. The home was tucked away on a 11,685 square foot lot with 3 bedrooms and 1 bathroom.  The new owners intend to restore and expand the home.

Details of 4150 Malaga Avenue, Coconut Grove:

  • 1,365 Square Feet Of Living Area
  • 11,685 Square Foot Lot
  • 3 Bedrooms, 1 Bathroom
  • List Price/Sale Price: $799,000

Coconut Grove real estate is changing on a daily basis.  If you are considering selling and would like a no pressure valuation of your home, please don’t hesitate to call me.  I can be reached on my cell anytime at 305-342-1623 or  you can fill out a contact form here.

RECEIVE MY BLOG POSTS DIRECTLY TO YOUR INBOX, SUBSCRIBE HERE!

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Don’t Miss Today’s News From Our Other Miami Real Estate Blogs:
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ANOTHER Waterfront Home Sells In Coconut Grove

South Bayshore Lane

It has been a good month for luxury waterfront homes in Coconut Grove.  You may remember last week’s post about the property in The Anchorage which closed for $6,110,000 (the highest sale price in Coconut Grove since 2011).  Now another waterfront home has come across the wire.  This property was located at 1872 South Bayshore Lane and closed for $5,950,000 or $679.00/square foot.  This home offered direct bay views, a heated infinity edge pool, custom built-ins, gourmet kitchen, a 2 bedroom guest house with staff quarters and a master suite with its own 200 sq. ft. terrace.  Although the home was fully walled and gated, it was not located in a gated community.  Broker was Beachfront Realty.

1872 South Bayshore Lane was purchased in 2005 for $4,600,000 and had been on the market since 2011. The home went pending shortly after they reduced their list price from $6,949,000 to $6,499,000.

There are just 7 waterfront homes on the market right now in Coconut Grove, they are priced between $3,900,000 and $16,900,000.

We Know Coconut Grove Real Estate.

If you are interested in buying or selling a home in Coconut Grove it is essential to work with someone who knows the numbers and tracks the sales.  I am the #1 top producing Realtor in Coconut Grove and would love the opportunity to work with you.  I can be reached anytime on my cell phone at 305-342-1623 or you can send me a message here.

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News Alert! Significant Sale In Coconut Grove

Coconut Grove Anchorage Collage

A record-breaking sale has come across the wire in Coconut Grove.  3501 Anchorage Way located in the gated community of The Anchorage has just closed for $6,110,000. Aptly named, “Cove’s End” this home offered a stunning entry courtyard, spectacular terraces, gourmet kitchen with breakfast area that had views of Biscayne Bay, a grand master suite with separate his/hers dressing areas, 3 car garage and elevator.  It also offered protected basin dockage for yachts up to 60 feet.  Details were: 8,813 square feet of living area, 15,386 square foot lot with 7 bedrooms, 8 baths.  The property closed for $693.00/square foot.  Congratulations to the listing agents Elena and Christopher Bluntzer of One Sothebys.

This is the highest sale price we have seen in Coconut Grove so far in 2014.  In fact, it is the highest sale price for a single family home in Coconut Grove since 2011 when 3500 Curtis Lane closed for $13,419,495 (not including the sale at 3500 St. Gaudens Road which closed for land value at $11,400,000 in 2013).

We Know Coconut Grove Real Estate.

If you are interested in buying or selling a home in Coconut Grove it is essential to work with someone who knows the numbers and tracks the sales.  I am the #1 top producing Realtor in Coconut Grove and would love the opportunity to work with you.  I can be reached anytime on my cell phone at 305-342-1623 or you can send me a message here.

Don’t Miss Today’s News From Our Other Miami Real Estate Blogs:
Coral Gables Real Estate | Brickell Real Estate | Key Biscayne Real Estate

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What Is The Most Expensive Home For Sale In Coconut Grove?

Stewart

Coconut Grove currently has 10 homes for sale which are priced over $5,000,000.  But the highest priced listing in Coconut Grove goes to the property located at 3575 Stewart Avenue in the gated community of Entrada Estates.  This home offers breathtaking open bay views with 7 bedrooms, 7 baths and 14,575 square feet of living space on a 42,689 square foot lot.  There is also protected canal dockage on the north side of the property.  It is truly a boater’s paradise!  The home is being offered at $16,900,000 by Tracey Spiegelman of Shelton and Stewart.

Coconut Grove has some of the best waterfront properties in Miami thanks to the spectacular unobstructed bay views and zero bridges to the bay.  If you are interested in learning more about our luxury homes in Coconut Grove, please contact me at 305-342-1623 or send me a message here.

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In Real Estate, Getting The House Under Contract Is The Easy Part

keys

Many buyers and sellers don’t realize that a major benefit of working with an experienced Realtor comes AFTER you have placed the home under contract.  Although I always strive for a smooth, stress free experience, there are many problems that come up which are out of my control.  When issues arise, it is my job to keep everyone calm and focused on getting to the closing table.  This is when it pays to have a seasoned Realtor who has seen just about everything.

Here are just some of the things I have dealt with this week:

  • A house didn’t appraise.
  • A buyer cancelled a contract because he couldn’t get financing.
  • 4 Point Inspection failed due to a plumbing issue.
  • Severe mold discovered during the inspection.
  • Title issues found during due diligence period requiring extension.

If you are interested in buying or selling a home in Coconut Grove it is essential to work with someone who knows the market.  I am the #1 top producing Realtor in Coconut Grove and would love the opportunity to work with you.  I can be reached anytime on my cell phone at 305-342-1623 or you can send me a message here.

Don’t Miss Today’s News From Our Other Miami Real Estate Blogs:
Coral Gables Real Estate | Brickell Real Estate | Key Biscayne Real Estate

 

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