Just Listed! Waterfront Villa In Entrada Estates

Today I would like to present our newest listing in Coconut Grove located at 3645 Stewart Avenue in the prestigious guard-gated community of Entrada Estates.  This home was built in the 1920′s and has been restored with attention to every detail. One thing that I love about the house is that it has the perfect combination of old-world charm and modern amenities of today.  Situated on a 14,500 sq. ft. waterfront lot with direct access to the bay, the home offers 3 bedrooms and 3 baths in the main house. Some of the special features include wood beamed ceilings, original fireplaces, top of the line chef’s kitchen with gas range, balconies and a rooftop terrace.  The guest quarters offers 1 bedroom, 2 baths with a living room and kitchen.  Residents of Entrada Estates have access to the community’s tennis court.

Collage of home in Entrada Estates, Coconut Grove

The grounds of this home are spectacular with mature trees, exotic palms, a Koi pond with waterfall and coral rock pathways which surround the lagoon style pool.

Details of 3645 Stewart Avenue:

- 4 Bedrooms, 5 Bathrooms

- 4,036 Square Feet Living Area (4,349 Per Owner)

- 14,500 Square Foot Lot

- Offered at $3,990,000

- View More Photos And Information Here

History of Entrada Estates, Coconut Grove

Entrada Estates was once the property Hugh Matheson (William Matheson’s son) who built two homes for his family on this 20 acre piece of waterfront land.  The first home was called Villa Liguori (named after his wife) and was located at the edge of the large basin which leads directly to Biscayne Bay.  The grounds of the Matheson home have now been subdivided into 32 homes which are situated around Stewart Avenue, Matheson Avenue and Curtis Lane.  Hugh Matheson’s original mansion remains in Entrada Estates today.

Collage of home in Entrada Estates, Coconut Grove

Join us for a catered lunch Wednesday, April 23rd from 12:00 to 2:00 pm to preview this spectacular estate.

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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Baby Peacocks Have Arrived In Coconut Grove!

Photo of Peacocks in Coconut Grove

Peacocks have been roaming the streets of Coconut Grove for years.  Residents either love them or hate them but I feel that they add an extra element of charm and magic to our village that you won’t find anywhere else.

We snapped this picture yesterday of a mom and her 5 baby chicks who have made a home in our front yard.

Just another day in Coconut Grove!

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Townhouses In Coconut Grove Selling For Full Price

Picture of 2926 Virginia Street, Coconut Grove

The townhouse market in Coconut Grove continues to get stronger every day.  It is safe to say that there is a frenzy any time a new townhouse comes on the market. When we placed our listing at 2926 Virginia Street on the MLS a few months ago, we were flooded with showing requests and placed it under contract in just 7 days.  It closed this week for the full asking price of $615,000 (this makes the 7th townhouse The Riley Smith Group has sold in Coconut Grove this year!).

We have seen the highest increase in values for the newer construction 3 bedroom townhouses.   These townhomes are a good alternative for buyers who want to live in a turn-key ready property but are priced out of the single family home market.

The Center Grove is ideally located within walking distance to the shops, restaurants and cafes of downtown Coconut Grove.

Below is a list of other Center Grove townhouses that have sold at or above list price:

  • 2927 Jackson Avenue, Parisian Village | List Price: $619,000 | Sale Price: $625,000 | 3 Beds/2.5 Baths | Sale Price/Sq. Ft.: $374.00 | Broker: Lowell International Realty
  • 3111 Mary Street | List Price: $724,000 | Sale Price: $730,000 | 3 Beds/2.5 Baths | Sale Price/Sq. Ft.: $228.00 | Broker: PURE Realty
  • 2845 Coconut Avenue, #3 | List Price: $348,000 | Sale Price: $348,000 | 2 Beds/2 Baths | Sale Price/Sq. Ft.: $316.00 | Broker: Fortune
  • 2845 Coconut Avenue #2 | List Price: $348,000 | Sale Price: $348,000 | 2 Beds/2 Baths | Sale Price/Sq. Ft.: $316,000 | Broker: Fortune

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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Unit 2301 Sells For $3,050,000 At The Grovenor House

Photo of Living Room at The Grovenor House

You may remember my recent post about the slowdown in sales at The Grovenor House.  Prices have risen dramatically over the past few years and buyers may be reacting to the sticker shock.  It doesn’t seem that values are going to level out any time soon here.  Unit 2301 just closed for $3,050,000 or $757.00/sq. ft. (the average “sale price per square foot” in the building during 2013 was $693.00).  This unit offered 5 bedrooms, 5.5 baths with 4,026 square feet of living space.  It had been beautifully finished with incredible outdoor living spaces and water views.  This property was listed by Roberta Ingletto of Concierge Realty.

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.

Don’t Miss Today’s News From Our Other Miami Real Estate Blogs:
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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, 1 Half Bath
  • 3,011 Square Feet Of Living Space
  • 11,190 Square Foot Lot
  • View More Photos Here
  • 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 4/23/2014)

  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: 265

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. 

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 projectCoconut Grove’s gated communitieswaterfront homesvillastownhousesforeclosures plus much more.

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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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.