The 2009 waterfront estate located at 1840 South Bayshore Lane was listed for sale back in 2015 for $8,900,000. Over the next 12 months the price was reduced several times to a final listing price of $5,600,000. On March 25, 2016 the home was listed by Fisher Auction Company and auctioned off on May 18th for $5,936,000 ($300,000 over the opening bid). The home offered 12,863 square feet on an 11,851 square foot lot with sweeping views of Biscayne Bay. Some of the special features included a Palatial great hall, grand fireplaces, French cast-bronze chandeliers, coffered/vaulted ceilings, stone floors, tracery windows, stunning master, formal living & dining Keystone-edged pool, rooftop spa & sundeck, and dock with diving platform.
This is the 3rd waterfront home to sell in Coconut Grove this year. Below is a recap of all of the waterfront sales:
- 3579 Stewart Avenue | Sale Price: $4,120,000 | Sale Price/Square Foot: $784.00
- 3333 S. Moorings Way | Sale Price: $3,300,000 | Sale Price/Square Foot: $600.00
- 1840 S. Bayshore Lane | Sale Price: $5,936,000 | Sale Price/Square Foot: $461.00
The Riley Smith Group has been the #1 Top Producing team in Coconut Grove for over 7 years and knows the market inside and out. If you would like to buy or sell real estate in Coconut Grove, please contact us at 305-342-1623 or send us a message here.