Park Grove Is Selling Fast | Over 50% Reserved

Park Grove Pool

Park Grove is Coconut Grove’s newest luxury condo project going up on South Bayshore Drive.  Designed by OMA and Rem Koolhaas, Park Grove will consist of 3 striking towers located on 5.5 acres of land.  I have been over at the sales center many times this week with clients and I am more and more impressed by the project every time I go.

Here are some of my observations about Park Grove:

  • If you want a relaxed, understated yet luxurious vibe then you will love Park Grove.
  • The fact that 50% are already reserved is very impressive for a new project at this stage (and evidence that buyers see value here). Things are moving so fast that I have had clients lose out on units because they did not act quickly enough.
  • Although all of the units are fantastic, there is one type of unit in particular that is a great investment opportunity (contact me directly for more information about these units).

Some of the features and amenities of Park Grove include:

  • Designed by world renowned architect OMA – Rem Koolhass
  • Certified LEED Silver
  • Breathtaking bay and city views.
  • Rooftop pool with private cabanas
  • 24 hour concierge and valet
  • Lushly landscaped gardens by Enzo Enea
  • Wine cellar and wine lockers for residents
  • Library
  • Lounge
  • Indoor/Outdoor children’s play area
  • Dedicated penthouse pools
  • Large conference room
  • Business center
  • Bayview dining room for private events
  • Adult gaming room with billiards
  • Interiors designed by William Sofield
  • Italian cabinetry with glass doors and stone countertops
  • Sub Zero/Wolf Appliances
  • State of the art fitness center
  • Spa with personal treatment rooms
  • Men’s and Women’s locker rooms

If you would like to learn more about Park Grove, I would be happy to arrange a private presentation for you and give you my opinion on which units are the best investments.  I can be contacted anytime on my cell at 305-342-1623.

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The Riley Smith Group Welcomes Roque Castro!

Roque Web Photo

We have been extremely busy this year with over $65,000,000 in sales and 75 homes sold (including pending contracts) and expecting to grow those numbers in 2015. Although Coconut Grove will always be my home base, I have experienced agents on my team who can help you with your real estate needs in all areas of Miami, from Pinecrest to the Beaches.

Today I am pleased to announce that Roque Castro is the newest member of The Riley Smith Group!

Roque (Rocky) Castro brings with him a wealth of experience in all facets of the residential real estate industry. Prior to joining The Riley Smith Group, Roque worked as a team manager for a large lending institution overseeing a group of account executives, structuring mortgages, working on loan approvals and managing production.

His time spent in finance steered him toward a career in residential sales. Roque’s outgoing personality combined with an unparalleled commitment to service quickly placed him among the best and brightest Miami real estate agents. He was soon recruited by one of the top 3 Realtors in Miami-Dade County and worked on over 150 transactions for her team between 2010 and 2014. It is safe to say with that level of experience, Roque knows the challenges and solutions which can arise throughout the process of closing a deal.

Roque’s extensive knowledge in the business of residential real estate allows his clients to make smart and confident decisions. He is known in the industry to be diligent, energetic, straightforward and honest.

A Miami native, Roque is fluent in both English and Spanish and lives in Coral Gables with his wife and two children.

Read more about The Riley Smith Group here: TheRileySmithGroup.com

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Another Off Market Sale In Coconut Grove | 1840 Chucunantah Road

Chucunantah 2

I am pleased to announce that  we have just closed on another off-market property for our clients!

1840 Chucunantah Road is a very unique property and consists of 2 structures encompassing an entire corner lot in North Coconut Grove.  The main home is fully walled and gated with lushly landscaped grounds, heated and salt treated pool, two car garage, koi pond, 3 bedrooms, 2.5 baths with 2,525 square feet of living area. Views from all rooms overlook the tropical canopy and are very private.  In addition to this home, the property also comes with 2800 Chucunantah Road, a legal duplex separated from the main house by a 10 foot concrete wall.

The home sold for full asking price of $1,550,000.  Congratulations to our buyers who are new residents of Coconut Grove!

Listing agents were Sylvia Cherry and Gary Hecht of One Sothebys.

Chucunantah 3

With inventory levels so low in Coconut Grove, off market properties are what everyone is looking for.  What is the trick to securing one of these homes? You have to work with top agents who are embedded in the local market such as The Riley Smith Group.  In addition to our own portfolio of pocket listings, we also have connections with other top local agents who call us before they place a home on the MLS.

1840 Chucunantah Road

Please contact us to set up a no pressure buyer or seller consultation.  As the #1 Top Producers in Coconut Grove for over 5 years, we know the market here inside and out.

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Great Townhouse In West Coconut Grove Hits The Market

3094 New York Street, Coconut Grove

You may remember my recent blog post about the huge opportunity that exists in West Grove right now.  Townhouses are valued significantly below those in Center Grove just a few blocks away.  However, with all of the development in the West Grove you can bet that it won’t be long until prices equalize between the two neighborhoods.

We just listed one of the best townhouses you will find in the West Grove.  3094 New York Street sits on a corner lot with 2,706 square feet of living area and 4 bedrooms, 3.5 baths.  It is listed for $649,000 ($239.00/sq. ft.).

3094 New York Street, Coconut Grove

This townhouse is completely gated with porcelain tile, wood floors, 10′ ceilings, California closets, upstairs loft area and multiple balconies.  The European style kitchen opens to the spacious family room.  French doors lead out to a covered Chicago brick terrace and expansive private garden with room to add a pool.  It is located close to the Grove village center’s many galleries, boutiques, cafes and bay front parks and marinas.

3094 New York Street, Coconut Grove

This listing will not last long! If you are interested in setting up a preview, please contact my office at 305-960-5318 or send us a message here.

As the #1 Top Producing Realtor in Coconut Grove for over 5 years, I know the market inside and out. If you are interested in buying or selling a home in Coconut Grove and would like to set up a no pressure consultation, please contact me on my cell at 305-342-1623 anytime.

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Do “Dear Seller” Letters Work In Today’s Market?

Dear Seller LetterSome real estate agents believe that a “Dear Seller” letter will give their buyer an advantage when there are multiple offers on a property.  Although they may tug at your heartstrings, “Dear Seller” letters do not typically change the outcome of a seller’s decision.  In today’s market, sellers care about 3 things – price, price and price.

The rare occasion when it would be important is if you had a seller who owned a unique property and did not want it to be torn-down or modified in any way.  Then a letter from the buyer explaining their intentions with the home may be appropriate.

Take a look at a very nice letter I received recently on one of my listings.  You can’t help but desperately want these people to get the home of their dreams.  But as it always does, the final decision came down to price.  I am happy to report that the buyers did get the home and are happy new residents of Coconut Grove.

The above image may be difficult to read, so I have copied the letter below:

Dear Seller.

We would like to present the following offer for the wonderful home you recently placed on the market here in Coconut Grove.  We’ve been renting a house just up the street for the past 12 months.  We love this area, and have been hoping to find our first home in this area.  When we found out your home was going to be put on the market we actually drove straight back to Miami from XXX – just so we could be the first people to see your home.  We’re really glad we did too!

We could easily see ourselves at home, lounging in the rooftop patio, entertaining friends and family in the living room and kitchen, and even taking our 3 year old boxer Brigs for a walk around the neighborhood or to the dog park just blocks away.

Our offer includes both an earnest money deposit and strong conventional financing.

We know that your home has just gone on the market, we also know that you will likely see other offers.  We also know this: if you accept our offer, we promise to show your home the same love and care you/your family has.  This is the first home we’ve seen in our search where we really feel as though it was meant for us. 

Thank you for considering our offer.  We eagerly and respectfully look forward to hearing your response.

Sincerely, —

As the #1 Top Producing Realtor in Coconut Grove for over 5 years, I know the market inside and out. If you are interested in buying or selling a home in Coconut Grove and would like to set up a no pressure consultation, please contact me on my cell at 305-342-1623 or you can fill out our contact page here

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Alert! West Grove Is Still A Great Opportunity For Buyers

New York Street, Coconut Grove

Most buyers understand that in today’s world of real estate it can be very hard to find a “deal”.  However, the West Grove is a great opportunity if you are looking to get in on an up-and-coming market. We have seen townhouses in the West Grove fetch as high as $695,000, however, the average “price per square foot” figure is still well below townhouses in the Center Grove.

Take a look at a few of the newer construction townhouses that have sold this year in West Grove.

  • 3142 Ohio Street | Built in 2006 | 2,400 Sq. Ft. | 3 Bedrooms, 2.5 Baths | Sale Price: $579,000 | Sale Price/Sq. Ft. $241.00
  • 3072 New York Street | Built in 2007 | 2,347 Sq. Ft. | 3 Bedrooms, 2.5 Baths | Sale Price: $560,000 | Sale Price/Sq. Ft. $238.00
  • 3318 Day Avenue | Built in 2013 | 2,400 Sq. Ft. | 3 Bedrooms, 2.5 Baths | Sale Price: $525,000 | Sale Price/Sq. Ft. $218.00

Compare those to similar townhouses which sold this year in Center Grove and you will notice the higher “Sale Price/Sq. Ft.” figure:

  • 2993 Ruth Street | Built in 2014 | 2,075 Sq. Ft. | 3 Bedrooms, 2.5 Baths | Sale Price: $655,000 | Sale Price/Sq. Ft.: $313.00
  • 3131 Jackson Avenue | Built in 2007 | 2,236 Sq. Ft. | 3 Bedrooms, 2.5 Baths | Sale Price: $688,750 | Sale Price/Sq. Ft.: $308.00
  • 3150 Gifford Lane | Built in 2007 | 2,237 Sq. Ft. | 3 Bedrooms, 2.5 Baths | Sale Price: $655,000 | Sale Price/Sq. Ft.: $292.00

If you are interested in buying or selling a home in Coconut Grove, please contact us. We know the numbers and analyze the trends to help you make confident and informed decisions. I can be reached anytime on my cell at 305-342-1623 or you can fill out our contact form here.

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Just Listed In Coconut Grove! 3983 Kumquat Avenue

Kumquat Avenue, Coconut Grove

I just listed a great property in South Coconut Grove that epitomizes Coconut Grove living.  This bungalow is a true tropical oasis with jungle-like grounds that make you feel miles away from the hustle and bustle of Miami.  The home is totally enclosed and gated with plenty of room for you and your guests to park.  It offers an updated kitchen with stainless steel appliances, wood cabinets and granite counter-tops.  It has a new roof and potential to expand with added living area and/or a pool.   The home is close to the Grove village center’s many boutiques, cafes, bay front parks and art galleries.

Kumquat Avenue, Coconut Grove

Details of 3983 Kumquat Avenue in Coconut Grove:

  • 2 Bedrooms, 3 Baths
  • 1,159 Square Feet Of Living Area
  • 7,200 Square Foot Lot
  • View More Photos Here
  • Offered at $725,000

Kumquat Avenue, Coconut Grove

 

Garden with Fluffy

As the #1 Top Producing Realtor in Coconut Grove for over 5 years, I know the market inside and out. If you are interested in buying or selling a home in Coconut Grove and would like to set up a no pressure consultation, please contact me on my cell at 305-342-1623 or you can fill out our contact page here.

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Waterfront Home In Coconut Grove Is Highest Priced Listing In Miami-Dade County

La Brisa, Coconut Grove

The most expensive home for sale in Miami-Dade County is now located right here in Coconut Grove.  Today the property at 3551 Main Highway hit the market at a whopping $65,000,000.  “La Brisa” is a 6.9 acre estate and boasts 16,500 square feet of living space with 9 bedrooms and 11 baths. That comes out to $3,939 per square foot….but who’s counting?

La Brisa, Coconut Grove

The property dates back to the original settlers of Coconut Grove.  It was first deeded to Kirk and Mary Munroe in the late 1800′s.  Kirk Munroe was an American writer & conservationist and his wife Mary founded the southern Tropical Audubon Society as well as the Coconut Grove Library.  They were both instrumental to the development of Coconut Grove.  The Munroe’s sold the property to Pittsburgh Industrialist John B. Semple and his wife Eleanor in 1920.  They commissioned architect Richard Kiehnel of the Pittsburgh firm Kiehnel and Elliot to design a “winter cottage” for them.  Kiehnel designed many mansions, public buildings and smaller homes that remain in Coconut Grove today including El Jardin located at the Carrollton School of the Sacred Heart.   Kiehnel is recognized for his Mediterranean style and aged his materials to give them an “antique” look.

La Brisa 2

This spectacular residence offers unique architectural details including a multi-colored tile roof, original woodwork on the upper floor galleries, intricate keystone and carefully restored entryways.  The grounds include a sunken fire pit, mangrove lined waterfront, 536 foot long canal, boat slip which can accommodate a 68 foot yacht and views of Biscayne Bay.

The property is listed by William Pierce of Coldwell Banker.

As the #1 Top Producing Realtor in Coconut Grove for over 5 years, I know the market inside and out. If you are interested in buying or selling a home in Coconut Grove and would like to set up a no pressure consultation, please contact me on my cell at 305-342-1623 or you can fill out our contact page here.  

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Off Market Sale | 4140 Battersea Road Sells For $2,100,000

4140 Battersea Road, Coconut Grove

Congratulations to our buyers who recently closed on the property at 4140 Battersea Road in South Coconut Grove.  This mid-century modern home was completely renovated, expanded and designed by Lointerhome & Brillhart Architecture.  The home offered 5 bedrooms, 6.5 bathrooms with 4,120 square feet of living space on a 11,400 square foot lot.  Sale price was $2,100,000.  Listing agent was Roque Castro of EWM Realty.

With inventory so low, it is essential to work with a Realtor who has connections to off market properties.  We secured this home for our buyers prior to it hitting the MLS because of our relationships with other local agents.  As the top producing team in Coconut Grove, our clients have access to properties that never make it to the open market.

If you are interested in buying or selling a home in Coconut Grove, we would love the opportunity to work with you.  Please contact us at 305-342-1623 or send us a message here.

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Just 10 Homes For Sale In Coconut Grove Priced Under $700,000

Residents of Coconut Grove (including myself!) are thrilled with the rising values we have experienced over the past few years.  However, the combination of higher prices and lower inventory levels have made entry-level homes virtually non-existent here. There are fewer than 100 single-family homes currently on the market and of these just 10 are priced under $700,000.

One of the best homes on the market in this price range is my listing located at 3752 Kumquat Avenue.  The price was recently reduced to $699,000.  You will not find a more charming or well-maintained home in this price point in Coconut Grove.  3752 Kumquat Avenue was featured in Beth Dunlop’s recently published book “The Tropical Cottage: At Home In Coconut Grove“.  This home offers 3 bedrooms, 2 baths with 1,584 square feet of living space on a 7,400 square foot lot.  View more photos and information here.

If you would like to schedule a showing of this home, please contact my office at 305-960-5318.  The home will be OPEN next Sunday, October 19th from 2:00 to 4:00.

3782 Kumquat Avenue, Living Room

3782 Kumquat Avenue, Kitchen

Backyard at 3752 Kumquat Avenue, Coconut Grove

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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