Another Roney Mateu Home Sells In Coconut Grove

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Last week I reported on the Roney Mateu designed home which closed for $616.00 per square foot ($1,800,000).  You can read that post here: Modern Homes Command More In Coconut Grove.

This week another contemporary home by Mateu closed for $468.00 per square foot ($1,350,000).  Once again buyers gave added value to a modern home in Coconut Grove.  The second property was located at 2259 Tequesta Lane and offered 2,881 square feet of living space with 4 bedrooms, 4 baths on a 5,000 square foot lot.   The listing agent was Jorge Fernandez of One Sothebys.

Most new construction projects right now in Coconut Grove are being built in the modern style and you can see why…. they are in high demand and selling for above average prices.

If you are looking for a modern or contemporary home in Coconut Grove, please don’t hesitate to contact us.

 

Written by Riley Smith | Leave A Comment

Grove Isle Market Update | Prices On The Rise, Inventory Needs Replenished

Take a look at the chart below which shows the average sale price per square foot for condos sold at Grove Isle.  As you can see, the numbers have been steadily on the rise since 2011.

Right now the number of Grove Isle condos for sale is at an all time low with just 4 condos currently listed.  This is pretty surprising considering there are a total of 500 residences there.

If you are considering selling your Grove Isle condo, the conditions couldn’t be more perfect.  Call me today for a market analysis.

Grove Isle 2

I am a Coconut Grove real estate specialist.  Over the past 4 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.

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

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 project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://BrickellCondoBlog.com

http://CoralGablesRealEstateVault.com

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Just Listed In Coconut Grove! 3200 Ah We Wa Street

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I placed this home on the MLS yesterday afternoon and the calls for showing requests have been nonstop.  This walled and gated North Coconut Grove home offers 10 foot ceilings with marble and wood floors, walls of windows which lead out to the tropical courtyard and pool.  The detached guest suite offers 1 bedroom, 1 bath living room and kitchen.

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Details of 3200 Ah We Wa Street Here:

If you would like to preview this property, please give us a call at 305-960-5318 or send us a message here.

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Coconut Grove Real Estate Market Update

To show you how fast the market is moving these days, I created the below chart which shows the number of new listings that came on the market each month in 2013 combined with how many of those new listings have either pended or sold.  As you can see, we had the highest number of new listings during January which is very common for our market here.  As we head into the summer months we typically see a slowdown in the number of new homes that come on the market.

New Listing vs Pending Chart

 I am a Coconut Grove real estate specialist.  Over the past 4 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.

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

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 project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://BrickellCondoBlog.com

http://CoralGablesRealEstateVault.com

Written by Riley Smith | Leave A Comment

It’s A Beautiful Day In Coconut Grove

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My family at Coral Reef Yacht Club, taken by local Coconut Grove photographer Stephanie Anders.

Written by Riley Smith | 1 Comment »

Modern Homes Command More In Coconut Grove!

There is no doubt about it, modern commands more in Coconut Grove.  This Roney Mateu designed home on Tigertail Avenue in North Coconut Grove just closed for a whopping $616.00 per square foot, or $1,800,000.  The home offered 2,922 square feet of living space on a 7,500 square foot lot.

Roney Mateu Home

I have always said that Coconut Grove draws the types of buyers who are willing to pay a premium for homes that have a “cool” factor, and this one certainly fits the bill.

Broker for the property was Coldwell Banker.

I am a Coconut Grove real estate specialist.  Over the past 4 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.

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

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 project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://BrickellCondoBlog.com

http://CoralGablesRealEstateVault.com

Written by Riley Smith | Leave A Comment

“Grove at Grand Bay” Architect Receiving Many Accolades

If anybody is going to change the skyline of Coconut Grove, I am glad it is Bjarke Ingels.

Coconut Grove Skyline

Bjarke Ingels is the “starchitect” commissioned to design the towers of Coconut Grove’s newest luxury waterfront condo project, The Grove at Grand Bay.

This week, The Miami Herald wrote a great article about Ingels and all of his recent accomplishments.  He was also just named in Departures magazine as one of “6 Architects To Watch”.

I have several clients who have purchased units in The Grove at Grand Bay.  If you are interested in learning more about this project, please call me on my cell at 305-342-1623 so that we can schedule a private presentation for you.

Bjarke Ingels

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Coconut Grove Rental Market Update

If you are looking for a single family home to rent in Coconut Grove then you are probably pulling your hair out with frustration.  There are just 5 single family homes on the market in Coconut Grove and prices start at $3,000 for a 2 bedroom/2 bath 1,669 square foot house.  The 3 bedroom homes jump up to $4,000 and up.

With inventory so low, it is inevitable that rental prices will continue to increase.  The chart below shows the cost of rentals across the country since 1988.   Buyers have a choice whether to purchase a home and lock in their expenses now, or deal with the uncertainty of rental increases.

Rents

 

I am a Coconut Grove real estate specialist.  Over the past 4 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.

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

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 project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://BrickellCondoBlog.com

http://CoralGablesRealEstateVault.com

Written by Riley Smith | Leave A Comment

List Prices In Coconut Grove

I keep track of the average “list price per square foot” of homes in Coconut Grove because I think it is very indicative of seller mentality.  As you can see from the chart above, sellers got more realistic in their pricing between 2009 and 2012.  However this year, the average “list price per square foot” jumped up to $358 which tells me that sellers are more optimistic about the increasing values in Coconut Grove.

I am a Coconut Grove real estate specialist.  Over the past 4 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.

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

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 project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://BrickellCondoBlog.com

http://CoralGablesRealEstateVault.com

Written by Riley Smith | Leave A Comment

Why Banks Should Use Local Realtors!

Check out this Realtor’s property description on a bank-owned townhouse that just sold in Coconut Grove.  The new buyers might be surprised when they find out their new home is not in Coral Gables!

“Beautiful 3/2.5 Townhome located in desired City of Coral Gables.  Townhome has is its own private pool with space for entertaining. Unit has marble tile flooring with a beautiful Kitchen. Kitchen has an Island and recess lighting. All bedrooms are located on the 2nd floor of the home. There is a small area right off of the Master Bedroom that can be used as a sitting area or a den. Bathrooms have granite counter tops with beautiful wood cabinets.”

 

Written by Riley Smith | Leave A Comment

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