Townhouse Sells Within 2% Of List Price In Center Grove

Coconut Grove Townhouse

The Center Grove townhouse market continues to thrive. We just closed on our listing located at 3094 New York Street for $635,000.  It was on the market for just 15 days before we placed the property under contract within 2% of its’ asking price.  This townhouse was built in 2008 and offered porcelain tile, wood floors, 10′ ceilings, California closets, an upstairs loft area and multiple balconies.  The European style kitchen opened to a spacious family room.  French doors lead to a Chicago brick patio area with space to add a pool.

Details of 3094 New York Street:

  • 4 Bedrooms, 3.5 Baths
  • 2,706 Square Feet of Living Area
  • Sale Price: $635,000

new york 2

new york 3

We have been the top selling Realtors in Coconut Grove for over 5 years and would love the opportunity to work with you.  Call today to schedule a no pressure buyer or seller consultation. Reach us at 305-342-1623 or by filling out a contact form here. 

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Least Expensive Waterfront Home In Coconut Grove | New On The Market!

Modern Waterfront Home In Coconut Grove

We just listed a spectacular waterfront modern home in Coconut Grove.  Located on a quiet cul-de-sac on prestigious Rockerman Road, this modern residence offers walls of windows with volume ceilings and light filled living spaces which overlook a canal and mangrove trees (with no homes on the opposite side of canal).  It has just completed a major renovation including a sleek, European style kitchen, stunning master suite with wrap-around balcony and luxurious spa style bath.  This home is perfect for entertaining with an expansive covered terrace and summer kitchen adjacent to the private dock and pool.  There is direct ocean access with no bridges to the Bay.

SMALL ROCKERMAN 2

Not only is this the least expensive waterfront home currently on the market in Coconut Grove, but you can get to the Bay in your boat in about 3 minutes!  If you are looking at waterfront property anywhere in South Florida, this one is not to be missed!

Kitchen in Modern Home in Coconut Grove

View Of Waterfront Modern Home In Coconut Grove

Details of 3542 Rockerman Road, Coconut Grove:

We have been the top selling Realtors in Coconut Grove for over 5 years and would love the opportunity to work with you.  Call today to schedule a no pressure buyer or seller consultation. Reach us at 305-342-1623 or by filling out a contact form here. 

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Racing Champion Emerson Fittipaldi Buys Condo At Park Grove

Fittipaldi

It was reported over the weekend that racing champion Emerson Fittipaldi has reserved a unit at Park Grove – Coconut Grove’s next luxury condo project.  Fittipaldi has won the Formula One World Championship, the Indianapolis 500 and the CART championship.  His children attend school in Coconut Grove and he is looking forward to making Park Grove his future home.

Park Grove Photo

Regarding Park Grove, Fittipaldi says: “I deeply admire the track record of developers Pedro and David Martin, and of Jorge Perez.  Nothing else can match the high quality and the elegant, relaxed lifestyle that they have created at Park Grove.”‘

Park Grove is going to have incredible amenities including a 600 foot pool with private cabanas, 24 hour concierge, valet parking, lushly landscaped grounds by Enzo Enea, wine cellar and wine lockers for residents, library, indoor/outdoor childrens area, penthouse pools, conference room, business center, dining room with bay views for private events, adult gaming room with billiards, state of the art fitness center and spa with personal treatment rooms.

If you are interested in learning more about the residences at Park Grove, please contact me directly at 305-342-1623.  I have already placed several units under reservation for my clients and know the project inside and out.

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Just Another Reason To Buy Real Estate In Coconut Grove!

Aside from our year-round sunny weather, many people move to South Florida to take advantage of our state’s tax benefits.  I created the chart below which shows what your tax implications would be if you were a resident of Florida vs. a resident of New York.

It is no secret that celebrities and athletes make Miami their permanent home purely for tax reasons, often saving millions of dollars every year.  But the benefits apply to everyone and are a great excuse for snowbirds to buy a home in Coconut Grove!

Tax Chart

These figures do not include federal taxes, deductions, abatements or other tax situations.  Property tax amount is the average paid by residents of Miami-Dade County.

We have been the top selling Realtors in Coconut Grove for over 5 years and would love the opportunity to work with you.  Call today to schedule a no pressure buyer or seller consultation. Reach us at 305-342-1623 or by filling out a contact form here. 

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Great Investment Opportunity Hitting The Market Next Week

the mutiny, coconut grove

The Mutiny is one of Coconut Grove’s boutique condo buildings with just 13 stories and 172 residences.  It is located in the heart of Coconut Grove,  just steps from the village center, Peacock Park and Biscayne Bay.  Some of the amenities include concierge services, 24 hour security, valet parking, room service, pool, fitness center, conference room and on site storage space.  The Mutiny is perfect for full-time residents or part-time residents looking to earn extra income through the hotel program.

We have a great investment opportunity coming on the market next week at The Mutiny and wanted you to be the first to know about it.

Unit #717 offers 1 bedroom, 1 bath with 650 square feet of living space.  It has just been renovated with a new kitchen including appliances & Quartz counter-tops, new bathroom and new AC, it also features Travertine floors.  This unit will include furniture.

Below is the past revenue generated for Unit 717:

High Season: $4,500 – $5,000 monthly

Low Season: $2,200 – $2,500 monthly

Yearly Income: $40,600

Mutiny Collage

If you are interested in learning more about this property and its income potential, please contact our team member Jessica Adams at 305-877-0212.

We have been the top selling Realtors in Coconut Grove for over 5 years and would love the opportunity to work with you.  Call today to schedule a no pressure buyer or seller consultation. Reach us at 305-342-1623 or by filling out a contact form here.

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Spectacular Camp Biscayne Home Featured On Wallpaper.com

Modern Home In Camp Biscayne

Coconut Grove is home to some of the most unique properties in Miami.  Check out these photos of a newly built home in the prestigious gated community of Camp Biscayne.  The home is designed by the architectural firm of Shulman + Associates and really takes advantage of the surrounding lush gardens.  At the front of the property lies a large sink hole which dictated part of the design of the home with a cantilevered living room.  The combination of tropical and urban living is truly spectacular.

Read more about the home and view photos on Wallpaper.com.

Modern Camp Biscayne Home

Modern Camp Biscayne Home

As a native and resident of Coconut Grove, I am passionate about our community.  If you are interested in working with a Realtor who has intimate knowledge of Coconut Grove and the market, contact me at 305-342-1623 or send me a message here.

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In Case You Missed It….

Coconut Grove Resurgence

The recent article in The Miami Herald about Coconut Grove’s resurgence has been the talk of the town.  In case you missed it, here is a link to Andres Viglucci’s article – The Resurgence of Coconut Grove and a related photo gallery with some great shots of what is to come in Coconut Grove – Coconut Grove’s Comeback

Here are some of my favorite quotes from the write up:

“A bit Greenwich Village, a bit Caribbean port-of-call, with some European town thrown in, and a lot untamed jungle, Coconut Grove has had a Bohemian and egalitarian bent from its modern beginnings in 1882, when English transplants Charles and Isabella Peacock built a rustic waterfront inn in what is now Peacock Park.” – Andres Viglucci

“Where most of settled Florida is manufactured, the Grove is the real thing.” – Bernardo Fort-Brescia of Arquitectonica

“It’s not a high-heel, Christian Louboutin kind of place. You can walk around in flip-flops.” – Marc Sarnoff

“At the end of the day, the Grove is all about the people.” – David Villano

As a native and resident of Coconut Grove, I am passionate about our community.  If you are interested in working with a Realtor who has intimate knowledge of Coconut Grove and the market, contact me at 305-342-1623 or send me a message here.

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“Sale Price Per Square Foot” Is A Complex Number, Use With Caution!

puzzle

The average “sale price/square foot” of an area is a great tool for showing trends in the market.  For example, the average sale price/square foot for single family homes sold in the North and South Grove this year is $414.00.  That figure is up significantly from 2013 where the average came in at $353.00/square foot.  Just from these two numbers, you can see that the price of real estate here has increased significantly over the past 12 months.

Coconut Grove homes vary greatly by style, size and age and therefore the average sale price/square foot figure must be used with caution.  For example, a small 1920′s cottage on a large lot could sell for as high as $600/square foot whereas a new construction home with all of the bells and whistles might only sell for $500/square foot.  The cottage is going to fetch a high figure because as a home decreases in size, it increases in price/square foot. There is also an added value for the land that must be included in the number.  A new construction home is much larger in square footage and could command a slightly lower price/square foot than the cottage.

This year the highest “sale price/square foot” figure was for the sale of 3594 Rockerman Road which closed for $944.00/square foot and offered 3 bedrooms, 3.5 baths with 2,870 square feet of living space.  This house had the makings of a high “price/square foot” number because it was a small home on a waterfront lot.

In order to properly value your Coconut Grove home, it is essential to work with a knowledgeable, experienced Realtor.  I have been the top selling real estate agent in Coconut Grove for over 5 years and would be happy to sit down with you for a no pressure home valuation.  I can be contacted anytime at 305-342-1623 or you can fill out our contact form here.

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Modern Home In Coconut Grove Hits The Market

Coconut Grove Modern Home

Coconut Grove Modern Home With Waterfall

If you follow our blog then you know that modern style properties are in high demand in Coconut Grove.  Buyers these days are looking for homes with open and bright living spaces, sleek lines and walls of windows.  We just listed a spectacular home that has all of these qualities.  3545 East Glencoe Street located in North Coconut Grove is a private oasis which offers dramatic and professionally designed exterior & interior living spaces.  The home has extraordinary high-end finishes including Brazilian hardwood and porcelain tile throughout. The ultra-modern kitchen opens to the spacious family room overlooking the pool and tropical foliage.  This home is perfect for entertaining with an expansive terrace and outdoor kitchen & bar.

3545 East Glencoe offers 4 bedrooms, 3.5 baths with 3,600 square feet of living space for $2,450,000.  View more details and photos of the home here.

Please contact my office at 305-960-5318 to schedule a tour of this property.

Modern Coconut Grove Home With Kitchen

Coconut Grove Modern Home Master Bedroom

Coconut Grove Modern Home With Pool

 

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The Future Is Bright For Coconut Grove

Biscayne Bay

As a native of the Grove, I have always said that there is nowhere else in the world that I would rather live. And in case you don’t follow the news, things are only getting better around here.

There are several exciting new eateries and cafes coming to Coconut Grove. First, Panther Coffee announced that they were moving into a space on Main Highway (originally from Wynwood; Panther has a cult following and specializes in small batch roasting) , then Harry’s Pizzeria (by famed restaurateur Michael Schwartz of Michael’s Genuine Hospitality Group) announced it was moving into 2 spaces on McFarlane Road and most recently the news broke that Eating House will be coming to the glass house adjacent to Peacock Park.

Our bay-front parks have never been busier; whether it is Grovetoberfest (the largest craft beer festival in Florida), The Taste of The Grove or The Pumpkin Patch, you will find an event happening just about every weekend at Peacock Park.

The sailing regattas are getting larger every year and bringing in huge international crowds during the winter months.

Our local Ransom Everglades High School was just named the 2nd best overall private high-school in the nation by Niche Rankings (see details here).

And on a real estate note, we have two new ultra-luxury condo projects  going up on South Bayshore Drive (Grove at Grand Bay and Park Grove).  We also have new ownership of the commercial spaces in the downtown district who are bringing in great new tenants.  And investors are pouring money into the West Grove where – in addition to the rest of the Grove – home values are rising on a daily basis.

Although the changes are exciting, the beauty of the Grove is that we always remain true to our core.  We are still a small bay-front community made up of peacock loving, quirky residents who would do just about anything to save a tree.

 

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