We’ve all driven by this house…
November 14th, 2008 | categories: Coconut Grove Real Estate
Across the street from the water plant on Loquat Avenue in South Coconut Grove, sits this 6,263 square foot monster house on a 12,778 square foot lot.
Today, the sellers lowered the price to $1,450,000 which comes out to $231.00 per square foot. This is an $800,000 price reduction from the original list price. For those of you who have been reading my blog, you are probably wondering why it has not sold when they are now asking almost $120.00 less per square foot than other homes in South Grove.
Location, location, location. In my opinion, the developer did not consider the location before building such an enormous house right across the street from the water plant and a stone’s throw from LeJeune Road. Also, as you go by you will notice that there is no gate around the property, and no privacy at all. Both of which I believe are enormous obstacles in a buyers market.
On the other hand, it is a brand new, well-built, beautiful home, with all the latest bells and whistles and great amenities. So if you can handle the location, you would be able to purchase this new construction home for well below market value.
Details:
- 3500 Frantz Road, Coconut Grove, FL 33133 (the house sits at the corner of Loquat and Frantz)
- 6,262 Square Feet of Living Space
- 12,778 Square Foot Lot
- 5 Bedrooms, 5.5 Baths
- 2 Car Garage
- 2 Fireplaces
- Gourmet Kitchen (2 sinks, 2 dishwashers, wine coolers)
- Rain Shower
- Surround Sound