Grovenor House Market Update
January 26th, 2009 categories: Condos
The Grovenor House is certainly the most luxurious (and expensive) condominium in Coconut Grove. With its nautical style, I like to tell clients that you feel as if you have walked onboard a mega yacht.
There are currently 30 units for sale at the Grovenor House ranging in price from $18,700,000 to $600,000 (a short sale unit is available, see below). Last year, there were 12 sales at the Grovenor House. Of those sales, 9 had Bay views and 3 had City views.
2008 to Present: Grovenor House Market Update
Closed Sales – Water/Bay Views
- Average Selling Price: $1,521,000
- Average Sale Price Per Square Foot: $589 (List Price Per Square Foot was $656)
- Average Square Foot: 2,579
- Sale Price to List Price Ratio was 90%
- Highest Sale Price: $3,100,000
- Lowest Sale Price: $959,900
Closed Sales – City Views
- Average Selling Price: $895,000
- Average Sale Price Per Square Foot: $478 (List Price Per Square Foot was $530)
- Average Square Foot: 1,841
- Sale Price to List Price Ratio: 90%
- Highest Sold: $1,375,000
- Lowest Sold: $795,000
Short Sales and Foreclosures in the Grovenor House
There are no foreclosures currently on the market in the Grovenor House. There is 1 unit that is a short sale, priced at $600,000. This is a 2 bedroom, 2 bath unit with 1,595 square feet with City views. The listing agent has not put any photos online, but as long as the unit is in decent condition this would be an unbelievable value. Even if you bought the unit for full price, $376.00 per square foot is unheard of for a condo at the Grovenor House. None of the closed sales in 2008 were short sales or foreclosures. The above unit would be the first.
If you are interested in seeing the above short sale or any other units at the Grovenor House please call me at (305) 342-1623 or send me a note here.
You may also be interested in: More Grovenor House Details, Ritz Carlton Residences Market Update, There Is No Room For Condo Vultures in Coconut Grove
Wow that looks so inviting! Your photos really capture the luxury appeal, especially since we just had 6 inches of snow.