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3792 Kumquat Avenue Is Back On The Market!

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My listing on Kumquat Avenue has come back on the market after the buyer had trouble securing financing (a problem facing many people in this market).  The house has the charm of an original Grove cottage with updated amenities such as a completely new kitchen, new roof, new A/C system and new septic system.   There is room to expand the house and to add a pool or garage.   The home is gated and feels very private and secure.

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Features of 3792 Kumquat Avenue Include:

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If you are interested in seeing this property, please contact me at 305.342.1623 or send me a note here and I will be happy to schedule a showing for you.

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Residences of Vizcaya Tour

Yesterday I had the opportunity to tour the progress they have made over at The Residences of Vizcaya (a new boutique condominium in North Coconut Grove) since my last visit in May of 2009.  I posted a slideshow back then at Hard Hat Tour Of Residences of Vizcaya.

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While the exterior of the building has come along nicely, it didn’t seem that they had made much progress on the interior.

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The agent for the building assured me that they were now pushing ahead at a much faster pace and should have the common spaces completed in 3 to 4 months and the residences in about 5 to 6 months.  One selling point is that if you purchase a unit now you have the ability to meet with the developer and reconfigure the spaces to meet your needs.  According to the agent, 10 of the units are under contract.

There are currently 4 different style units within The Residences of Vizcaya:

The first,  offers 5 bedrooms, 5 baths, 1 powder room and maids quarters.  The living area is 4,427 with 1,005 square feet of terrace.  List Price is $2,860,000.

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The second, V2 Residence offers 3 bedrooms, 3 baths and 1 powder room with 2,671 square feet of living space and 833 square feet of terrace.  List Price is 1,340,000.

 

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The third, V3 Residence offers 4 bedrooms, 5 baths, 1 powder room and a maids quarters.  They feature 4,475 square feet with 1,005 square feet of terrace.   List Price is $2,860,000.

 

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Finally, the Townhouse Units are two stories high and feature 3 bedrooms, 3 baths with 1 powder room and 3,786 square feet of living space with 966 square feet of terrace.  The townhouse units are unique because they have two floors of bay views.  List Price is $2,860,000.

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Security is 24 hours a day, 7 days a week.  The Concierge of the building will handle everything for its residents including paying your bills while you are gone, pet sitting, shopping assistance, restaurant reservations, tickets to sporting events, home cleaning, car detailing etc.  Maintenance Fees should be about $.75 per square foot.

There are also boat slips available for purchase.  Only 4 boat slips are still available, and the starting price is $450,000.

The building is located at 3535 Hiawatha Avenue just off of South Bayshore Road.  If you are interested in setting up a tour to view The Residences of Vizcaya I could certainly arrange that.  Please contact me at 305.342.1623 or send me a note here.

Written by Riley Smith | Discussion: 1 Comment »

Recent Activity In The Coconut Grove Real Estate Market

Here are the closed sales since January 22, 2010, my last update.

Address: Bds/Bths: List Price: Sale Price:
4120 Crawford Avenue 3/3 $850,000 $752,500
3 Grove Isle Drive 2/2 $709,000 $640,000
3633 Poinciana Avenue 3/3 $520,000 $520,000
1817 Wakeena Drive 2/1 $240,000 $235,025

Here are pending sales this week in Coconut Grove.

Address: Bds/Bths: Sq. Ft. List Price:
3265 Coacoochee Street 3/3.5 2,898 $829,000
3750 Charles Terrace 2/1 821 $59,900

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How I Get Rid Of My Competition

Most of you know that Javier Gonzalez (of ReMax) and I are two realtors who specialize in the Grove…we both have completely different styles of doing real estate but we are both very good at what we do.  

Here is my plan to eliminate him as my competition……CLICK HERE

Javi, good run yesterday…..looking forward to another 8 miles on Thursday.

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What Is The Most Expensive Townhouse In Center Grove?

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Back in the good old days $700,000 townhouses in Center Grove were a dime a dozen.  Now there is only one on the market and it is priced at $710,000 on Indiana Street.  Although Indiana Street is west of 32nd Avenue, most people now consider it part of Center Grove.

This property is not your typical cookie cutter townhouse.  It is contemporary style with 2,551 square feet of living space and 3 bedrooms, 3.5 baths.  Special features of this townhouse include walk in closets and bath in every bedroom, 2 car garage with back entry, master bath with dual sinks, whirlpool spa & shower and travertine floors.

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View a list of all townhouses currently for sale in Center Coconut Grove.

If you are interested in seeing this property or any others in Coconut Grove, please give me a call at 305.342.1623 or send me a note here.

Broker for this property is Coldwell Banker.

Written by Riley Smith | Discussion: No Comments »

1 Contemporary House Under Contract, Another Comes On The Market

The contemporary style house that I listed last week at a price of $829,000 has gone under contract.  We are still holding the house Open this coming Sunday from 12:00 to 2:00 if you would like to stop by and take a look. 

If this house was interesting to you, you should check out my new listing at 4129 Park Avenue.  It will hit the MLS today.  The house is priced at $795,000 and features 2,620 square feet of living space on a 5,750 square foot lot.  The home has 4 bedrooms and 3 baths.  Now that Park Avenue has been closed at the end of Main Highway it has become one of the Grove’s best streets.  See photos of the home below.

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If you would like to see the home I would be happy to arrange a showing for you with the owners.  Just contact me here or give me a call on my cell at 305.342.1623.

Written by Riley Smith | Discussion: No Comments »

Riley Smith Launches Two (Yes Two) New Real Estate Blogs!!

Well the time has come for The Real Estate Coconut to expand.  Yes I will always be THE Coconut Grove real estate expert.  Coconut Grove is my home, my life and my passion.  But in reality, my real estate transactions take me all over the map and I have a lot of knowledge to share about other communities in South Florida.

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So for the past few months I have been hard at work developing two new real estate blogs.  The first, www.CoralGablesRealEstateVault.com will cover everything from Deering Bay to the Golden Triangle.  And the second, www.SouthMiamiRealEstateBlog.com  will cover real estate news in South Miami, High Pines and Ponce Davis areas.

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So enjoy and I hope that you find them as equally interesting and informative as The Real Estate Coconut

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Why I Can’t Stop Watching HGTV

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Now that football season is winding down and my wife has a little more control over the remote I end up watching episode after episode of real estate shows on HGTV.   But after talking real estate non stop day after day I don’t even mind.  In fact, I have a slight addiction to it. 

Some of my favorites? House Hunters International, Property Virgins and Curb Appeal.   I get a real kick out of people’s obsession over stainless steel appliances on Property Virgins.  They top everyone’s wish list even more so than square footage or location.  If it has a stainless steel refrigerator then the people are ready to put an offer in on the same day.  

Or I like to sit back and watch some of the really dull realtors show house after house and I just hope that I have more personality than that.  “And here you have the kitchen”, “And over here is the pool”, “And over here is the pantry”.  Dull and Duller…but I keep watching.

Even better than the stainless steel appliances and the dull realtors are the people who are looking at the house and don’t like it because their furniture won’t fit.  “I can’t buy this house because my couch won’t fit in the family room” they say.  They are paying $300,000 for a house and the deciding factor is whether or not their $500 couch fits in the family room.  Good stuff.

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What does $18,000,000 buy you in Coconut Grove?

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Yesterday I was out looking at Broker’s Opens in the Grove and stopped by the home located at 3575 Stewart Avenue which is priced at $18,000,000.  Typically homes in this price range can be too over the top for my taste, but this one was surprisingly not.  It was finished with understated elegance and had the best views of Biscayne Bay I have ever seen in Coconut Grove.

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The home is located on a 3 sided waterfront acre in the gated community of Entrada Estates.  It boasts 8 bedrooms, 7.5 baths, 10,000 sq. ft. of living space, a gourmet kitchen overlooking the family room, wet bar, billiard room, 2 sided fireplace and each room takes complete advantage of the gorgeous views.

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Single family homes in this price range are more commonly found in Coral Gables and in Miami Beach so it will be interesting to see if Coconut Grove can support such a price.

To stay updated with all of the current Coconut Grove real estate information, receive my blog posts directly to your inbox by subscribing here.

If you are interested in buying or selling real estate in Coconut Grove, please give me a call at 305.342.1623 or send me a note here.

Written by Riley Smith | Discussion: No Comments »

New Listing in North Coconut Grove

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I have a new listing located at 3265 Coacoochee Street in North Coconut Grove.  The home is in impeccable condition and features 3 bedrooms, 2.5 baths with a gorgeous tropical pool and patio area.  If you like contemporary homes with walls of windows, high ceilings and open spaces then you will love this home.

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The home is located just steps from Kennedy Park and Biscayne Bay.

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Details of 3265 Coacoochee Street Include:

If you would like to see this home contact me at 305.342.1623 and I would be happy to arrange a showing for you.

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