Just Listed In Bay Heights By The Riley Smith Group!

Photo of 81 West Shore Drive

Photo of porch at 81 West Shore Drive, Coconut Grove

Bay Heights is an extremely sought after location.  It is situated in the northernmost section of Coconut Grove which gives residents a very short commute to downtown Miami, Brickell and the beaches.  Bay Heights is also one of the only neighborhoods in Coconut Grove that has sidewalks and is patrolled by a 24 hour security guard.

81 West Shore Drive Kitchen

Photo of living room at 81 West Shore Drive, Coconut Grove

I just listed a great home at 81 West Shore Drive in Bay Heights.  After entering the gated driveway, you are taken along a winding brick pathway which leads to an expansive front porch overlooking the tropical gardens.  The interior of the home offers tons of natural light which floods into the generous sized living spaces.  Some of the special features include an eat-in kitchen with top of the line appliances, wood & stone floors, impact windows, a bonus room which could be used as an office or gym, a large and private master suite with marble shower and Jacuzzi tub.

With the towering oak trees overhead, this home is a true oasis and the epitome of Coconut Grove living.

We will be holding a catered Open House this Wednesday, April 16 from 12:00 to 2:00 pm.  Please stop by to preview this great home, it won’t last long!

Details of 81 West Shore Drive:

  • 3 Bedrooms, 3 Full Baths, 3 Half Baths
  • 3,011 Square Feet Of Living Space
  • 11,190 Square Foot Lot
  • List Price: $995,000

Photo of tree canopy at 81 West Shore Drive, Coconut Grove

I am honored to be Coconut Grove’s top producing Realtor for over 5 years.  If you are interested in buying or selling a home in Coconut Grove, please feel free to contact me at 305-342-1623 or send me a message here.

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Highest Sale Price This Year In Coconut Grove?

Klebba

So far this year there have been approximately 50 homes sold in Coconut Grove.  They have closed at an average price of $1,100,000 ($421.00 per square foot).  The highest sale in 2014 is currently 3650 Klebba Lane in the South Grove at a price of $3,407,991. The home offered 9 bedrooms, 9 baths and 12,000 square feet of living area (Broker: Realty Master Advisors).

This incredible estate is steeped in history. It was built in 1926 for the Matheson family by the renowned architect Walter De Garmo.  Walter De Garmo was the first registered architect in the Miami area.  He was well known for creating residential homes in the Mission Revival and Mediterranean Revival styles.  You will find many De Garmo designed homes throughout Coconut Grove including his private residence in De Garmo Estates which sold a few years ago for $2,737,500.

Although 3650 Klebba Lane is the highest sale price we have seen in 2014, there are several pending sales on the books which will likely surpass this figure.

  • 3314 Devon Court | PENDING SALE | List Price: $4,400,000 | Broker: One Sothebys
  • 3528 Bayshore Villas Drive | PENDING SALE | List Price: $4,395,000 | Broker: Sapphire Realty
  • 4060 Kiaora Street | PENDING SALE | List Price: $3,899,000 | Broker: One Sothebys

If you would like to work with a Realtor who specializes in Coconut Grove real estate, call today for a buyer or seller consultation.  With over 150 home sales in Coconut Grove since 2010, we know the market here inside and out!  Send us a message here.

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Many Thanks To Our Clients For Their Kind Words

Writing

Thank you to our recent Coconut Grove sellers who have given The Riley Smith Group their stamp of approval!

3559 Palmetto Avenue, Coconut Grove: “Riley and his team were a pleasure to work with on the sale of our home. Riley is the consummate professional, has great knowledge of the local market and is an all around great guy. His team is kind, friendly and great with communication. We would happily choose Riley as our agent for the purchase or sale of a home again!”

2710 Hilola Street, Coconut Grove“Riley was the most amazing gentleman to work with!! He is discreet, compassionate kind and caring. Selling a home can be a traumatic experience but Riley knows how to handle his clients with tremendous care. Whatever comes up he can manage it and he gets things done!!! There is no obstacle that stops him from closing the deal …. all done in the calmest coolest manner!! His knowledge of the Grove far surpasses any other Realtor in that area!!  A pleasure to work with.”

I would love the opportunity to work with you on the purchase or sale of your Coconut Grove home.  Please feel free to call or email anytime to schedule a consultation.  I can be reached directly on my phone at 305-342-1623 or you can fill out a contact form here.

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First Sale Of 2014 In The Moorings!

Pool at home in The Moorings, Coconut Grove, FL

I am excited to announce that I have just closed on our listing located at 3437 North Moorings Way in the gated community of The Moorings.  This was one of the original homes in The Moorings which dates back to the early 1900′s.  The Old World architecture was evident in the unique features of the home including the grand living areas, original fireplaces, library, covered terraces and loggias and a pool reminiscent of Vizcaya.

Photo of living room in The Moorings, Coconut Grove, FL

Photo of stairway in Coconut Grove, FL

The home at 3437 North Moorings Way offered 6 bedrooms, 5 baths with 4,071 square feet of living space on a 12,464 square foot lot and sold for $2,275,000.

This is the first sale of the year in The Moorings, there are currently two other pending listings.

With over 155 homes sold in Coconut Grove since 2010, I am the top producing Realtor in Coconut Grove.  If you would like to schedule a buyer or seller consultation, please feel free to contact me at 305-342-1623 or fill out our contact form and I will get back to you right away.

 

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Hot Off The Press! More Investors Bullish On Coconut Grove

Map Of Coconut Grove

The Miami Herald reported yesterday that an investor has purchased the bayfront property at 2699 South Bayshore Drive for $29.5 million.  2699 South Bayshore Drive is a 9 story office building which sits on over an acre of land with great views of Biscayne Bay. The property is zoned for a condo or mixed-use tower.  According to the Herald, the buyers have no intentions of building on the site yet but they believe it is a great investment due to all of the new development they see going on in Coconut Grove.  

When you take into consideration The Grove at Grand Bay project to the north where condos are selling upwards of $1,000 per square foot, and the new Park Grove project going up just to the south, I would say that these investors have made a very wise decision.

Last month, a commercial property located in the heart of Coconut Grove’s village (3401, 3405 and 3425 Main Highway) sold for $20,000,000 to Bernardo Fort Brescia, a founding principal of Arquitectonica.  Arquitectonica is a Miami-based architecture firm which has made a large imprint on the local and international architectural landscape. Read more details here.

Stay tuned to the blog for the latest on Coconut Grove real estate news.

If you would like to work with a Realtor who specializes in Coconut Grove real estate, call today for a buyer or seller consultation.  With over 150 home sales in Coconut Grove since 2010, we know the market here inside and out!  Send us a message here. 

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Ye Little Wood Is A Coconut Grove Treasure

Ye Little Wood Sign At Entrance

Many of Coconut Grove’s gated communities were once the large estates of a single owner and subsequently sub-divided into smaller parcels of land.  One exception to this is Ye Little Wood which was the first platted community in Coconut Grove.

Ye Little Wood dates back to 1883 when the United States granted William Ewan of South Carolina 160 acres of land in Coconut Grove.  Several years later he sold 10 acres of this land to John Webb Little for $3,350.00 a bargain!  These ten acres of land became the subdivision of Ye Little Wood.  John Webb Little’s son, William Vogleson Little was very active in the community and was the mayor and municipal judge for the Town of Coconut Grove from 1920 to 1921.  As the Director and Vice-President of the Bank of Coconut Grove, he was very involved in the first developments of the Grove community.

Ye Little Wood Park

One of the designated historical properties in Ye Little Wood is William Little’s home at 3848 Little Avenue.  Built in 1902, this 2 bedroom, 2 bath home has changed ownership many times over the years and most recently sold for $1,130,000.  The property was designated historic in 2007.

Another historically designated home in Ye Little Wood is located at 3802 Little Avenue. William Little sold this property to Katherine Edwards Wyatt and her husband Thomas Hall Wyatt in 1915.  The property was designated historic in 2011 and most recently sold for $599,500.

Today, Ye Little Wood remains one of the most sought after communities in Coconut Grove.  Many of the homes have been updated but maintain their original charm and character.  In addition to the above, other recent sales in Ye Little Wood occurred at:

  • 3811 Wood Avenue | Sale Price: $1,695,000 | Sold By The Riley Smith Group
  • 3810 Wood Avenue | Sale Price: $1,630,000 | Sold By The Riley Smith Group
  • 3883 Wood Avenue | Sale Price: $1,540,000 | Sold By The Riley Smith Group

It appears that the Historic Preservation Board of Miami is keeping an eye on Ye Little Wood and wants to maintain its history. They have stated in their recent report of 3802 Little Avenue that “The subdivision of Ye Little Wood remains remarkably intact and cohesive, with a number of other homes and landscaping elements that are potentially eligible for historic designation. The possibility of creating either a historic district or neighborhood conservation district here has been under consideration since the designation of the Little House, and research on the entire area has begun.

View homes currently for sale in the gated community of Ye Little Wood here:

See all Ye Little Wood.
(all data current as of 4/15/2014)

  1. 5 beds, 7 full, 1 part baths
    Home size: 8,488 sq ft
    Lot size: 26,500 sqft
    Year built: 2007
    Parking spots: 3
    Days on market: 257

Listing information deemed reliable but not guaranteed. Read full disclaimer.

If you would like to work with a Realtor who specializes in Coconut Grove real estate, call today for a buyer or seller consultation.  With over 150 home sales in Coconut Grove since 2010, we know the market here inside and out!  Send us a message here. 

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The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse information regarding the upcoming Grove at Grand Bay new construction projectCoconut Grove’s gated communitieswaterfront homesvillastownhousesforeclosures plus much more.

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Bali Ha’i This Weekend In Coconut Grove

The Kampong

One of the things that I love about Coconut Grove is that the people here really take advantage of living in a tropical paradise.  You would be hard pressed to find a gathering that doesn’t take place outside, underneath the palm trees.  This Sunday you will find many Grovites at one of the most spectacular garden parties in the country, The Bali Ha’i at The Kampong.

The Bali Ha’i is presented by Pointe Group Advisors and will take place on Sunday from 5:00 to 8:00.  The event is the largest fundraiser for The Kampong, money is used to preserve and expand the tropical garden’s botanical collection.  It is a great afternoon of gourmet food and fine wine in a laid-back, casual atmosphere.

For more information or to buy tickets  to the Bali Ha’i, please visit their website at www.BaliHaiParty.com.

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Deals Are Happening Off The MLS!

Man With Key To Home In Hands

With inventory so low many buyers are coming to us to help them find properties that aren’t even on the market yet.  It is a trend that is happening nation-wide and there have been countless articles written about sales that are occurring off of the MLS.  Inman News recently reported that the MLS played little or no role in nearly half of all of 2013 sales, click here to read that article.  I wouldn’t say that those figures apply here in Coconut Grove, however, I have had several sales just this year that were never even listed on the MLS.

This can happen in one of two ways.  First, we may go on a listing appointment for a home and know right away that we have the perfect buyer.  Since this buyer is working exclusively with us, they get first dibs on it.  Second, local Realtors will call to let us know about a home that they will be listing in the coming days.  We go through our database of buyers and notify anyone who may be interested.

I believe that the pre-MLS market will continue to thrive as long as supply and demand are out of line.  We currently have a situation in Coconut Grove where there are more buyers than homes for sale, particularly for the $1,000,000 and under price point.

I am the #1 top producing Realtor in Coconut Grove.  If you are interested in buying, selling or investing in Coconut Grove estate, please give me a call on my cell at 305-342-1623.

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Rental Homes In Coconut Grove | Market Update

With home values increasing by the day, the rental market has gotten tighter because many investors are deciding to cash in on their properties instead of leasing them. Despite the lower inventory levels, there are still some great homes available for rent in Coconut Grove, you just have to keep a close eye on the market.

We currently have three fantastic rental properties in Coconut Grove.  Check out the details below.

Photo of Kitchen of Loquat

Photo of Loquat Bedroom

The first home is located at 3643 Loquat Avenue (photos above) in South Coconut Grove.  This is one of 8 free-standing homes which share the surrounding gardens & pool.  The home was renovated in 2008 with a new designer kitchen, new floors, custom millwork, impact glass and a new roof.  Light filled living spaces with French doors which open to the front veranda.  The home also has an expansive back deck ideal for outdoor entertaining.  This home offers 759 square feet of living space with 2 bedrooms 1 bath. Offered at $2,200 per month.

Exterior Photo of 4082 Malaga, Coconut Grove FL

Photo of Malaga Kitchen

The second home is 4082 Malaga Avenue (photos above).  This is a quintessential Grove bungalow with a guest cottage.  The home offers an updated kitchen with stainless steel counter-tops and appliances, wood floors, original fireplace and French doors throughout.  The main house has 3 bedrooms, 2 baths and the guest cottage has 1 bedroom, 1 bath plus a loft.  The Old Miami style screened porch and private shaded garden allow for year round enjoyment.  Offered at $4,500 per month.

Exterior photo of 3036 Shipping Avenue

Photo of Living Room at 3036 Shipping Avenue

The last property is a townhouse located at 3036 Shipping Avenue in Center Grove.  This home was built in 2005 and has been perfectly maintained.  Special features include wood floors, a large master suite with private balcony, outdoor patio with Jacuzzi.  This townhouse is also conveniently located across the street from the children and dog park. This townhouse offers 3 bedrooms, 2.5 baths with 2,000 square feet of living area. Offered at $3,900 per month.

If you would like to schedule a showing at any of the above rental properties, please contact our office at 305-960-5318.

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L’Uccello | New Condo Project Coming To Center Grove

Photo of Luccello in Coconut Grove rendering

L’Uccello, a new construction condo project was recently launched in Center Coconut Grove.  Located at 2995 Bird Avenue, this 3 story building will have just 5 residences ranging in size from 1,330 to 1,898 square feet with 2 to 3 bedrooms.  The condos will have over-sized balconies and a “green living environment”.  The project is designed by Richard Fierro Krug who is LEED accredited and specializes in sustainable development.

Some of the special amenities of L’Uccello will be a rooftop garden, outdoor wellness area, summer kitchens, gated entry, pet friendly, private storage and top of the line appliances.

Details of the 5 units at L’Uccello:

UNIT PH (PENTHOUSE)
- 3 Bedrooms/3.5 Bathrooms
- 1 Entertainment Room
- Access to Summer Kitchen
- Access to Outdoor Wellness Area
- 1,898 Total Sq. Ft.
- 305 Sq. Ft. Terrace
- 1,166 Sq. Ft. Green Rooftop Terrace

UNIT A1 & A2
- 2 Bedrooms/2.5 Bathrooms
- Large Pantry
- Laundry Room
- Open Kitchen
- Access to Summer Kitchen
- Access to Outdoor Wellness Area
- 1,335 Total Sq. Ft.
- 365 Sq. Ft. Terrace

UNIT B1 & B2
- 2 Bedrooms/2.5 Bathrooms
- Owner’s Room
- Study
- Open Kitchen
- Access to Summer Kitchen
- Access to Outdoor Wellness Area
- 1,330 Total Sq. Ft.
- 487 Sq. Ft. Terrace

If you are interested in learning more about this project please contact me at 305-342-1623 or send me a message here.

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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Realtor® Association of Miami-Dade County. The detailed information on each listing contains the name of the listing agent and broker.

The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Copyright 2014 Realtor® Association of Miami-Dade County. All rights reserved.

This IDX solution is (c) Diverse Solutions 2014.