Archive for March, 2009
The Real Estate Coconut | Top 50 Real Estate Blogs In Country
March 31st, 2009 categories: Coconut Grove Real Estate, Grove News
After nearly a year of blogging on Coconut Grove real estate, I am proud to announce that The Real Estate Coconut is now ranked in the Top 50 Real Estate Blogs in the country according to BlogFlux TopSites. BlogFlux rates blogs according to new “unique” visitors every week. Thanks to all those who read and support The Coconut.
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Reduced Foreclosure on LeJeune Road
March 30th, 2009 categories: Buying Real Estate in Coconut Grove
It seems to me that we have seen a slowdown these past few weeks of new foreclosures coming on the market. This foreclosure on the Grove side of LeJeune Road was just reduced to $534,900 from $729,900. It has 2,337 square feet of interior space, an 11,000 square foot lot and a pool. There are 2 bedrooms, 2 baths in the main house and 1 bedroom, 1 bath in the guest house. Aside from the missing appliances (common in foreclosures), this house is in generally good condition.
One thing that I have learned about foreclosures is that if they are priced right, they sell within days here in Coconut Grove. However, if they are on the market for awhile and have no other offers coming in, there can be an opportunity for someone who has some time and patience to negotiate a great deal with the bank.
Details of 3671 LeJeune Road:
- Came on market in January of 2009
- 2,337 square feet of living area
- 11,000 square foot lot
- House and Guest House
- Pool
- Circular Driveway
- Tile and Wood Floors
- Listed by Keller Williams Realty
I have showed this house several times to my clients, and it is very easy to show. If you are interested, I would be happy to arrange a showing for you. Just send me a note here, or call at 305.342.1623.
Click here to read more information on Coconut Grove Foreclosures.
| Discussion: 4 Comments »
Ex-NBA Player Says Goodbye To Coconut Grove
March 29th, 2009 categories: Coconut Grove Real Estate, What is selling in Coconut Grove?
Kelvin Cato, NBA journeyman has finally sold his home on Matheson Avenue after 2 years on the market. It was originally listed at $3,850,000 back in 2006. After making several price reductions over the years Cato ended up selling for $2,200,000. The home was an incredible 6,438 square feet of living space and featured an elevator, home theater and top of the line finishes throughout. At a price per square foot of $340.00 this home was a great value. The home is located in Entrada Estates, a gated community in South Coconut Grove.
Details of 3647 Matheson Avenue:
- 6,348 square feet living area
- 15,006 square foot lot
- 6 bedrooms, 6.5 baths
- 2 car garage
- Home included riparian rights and use of shared community tennis court
Click here to see all Coconut Grove homes for sale $2,000,000+.
To stay updated with all of the current Coconut Grove real estate information, receive my blog posts directly to your inbox by subscribing here.
| Discussion: 2 Comments »
Under Contract on Indiana Street
March 28th, 2009 categories: Townhouses
My client just put this townhouse on Indiana Street under contract. The listing agent was Berk Boge who is always a pleasure to work with because he is very professional and makes the process go smoothly. It is a nice respite from dealing with the overwhelmed and sometimes rude agents of bank owned properties.
I feel that my client got a great deal on this townhouse, it sits on an oversized lot which makes the backyard feel like a real backyard verses some of the tighter backyards most townhouses have. Because it was lived in by the original builder, it has many upgrades and unique features.
My sense is that there are more and more people out there looking for townhouses again. Certainly the sellers in Center Grove should be happy to hear that as it has been very slow.
Details of 3060 Indiana Street:
- List Price: $599,000
- 3 Bedrooms, 2.5 Baths
- 3,025 Square Feet Living Area
| Discussion: No Comments »
In Bloom
March 27th, 2009 categories: Coconut Grove Real Estate
Well the real estate market may not be in bloom, but the gingers sure are. I planted these in my garden 2 years ago and they have grown about 6 feet since with minimal attention. They are happiest when planted in a shady spot, I have them under some oak trees.
Not much news to report today, enjoy the picture.
| Discussion: 1 Comment »
Wild Ride on Poinciana
March 25th, 2009 categories: Coconut Grove Real Estate
This house at 3800 Poinciana Avenue was just re-listed by Tony Scornavacca over at Avatar Realty. I must say that after 2 long years on the market, it is finally priced right. The price per square foot is $258.00 which should make it very attractive for buyers even in today’s market.
Talk about chasing the market, check out the home’s wild history:
| Date: | Price: |
| January, 2007 | $3,199,000 |
| August, 2007 | $2,995,000 |
| November, 2007 | $2,300,000 |
| March, 2008 | $2,100,000 |
| June, 2008 | $1,899,000 |
| January, 2009 | $1,699,999 |
| March, 2009 | $1,299,000 |
Details of 3800 Poinciana Avenue:
- 5,027 square feet of living space
- 5 bedrooms, 4.5 baths
- 2 car garage
- 19,700 square foot lot
- Soaring 20 foot ceilings
- Needs some updating
- Asking Price: $1,299,000
If you are interested in seeing this property, I would be happy to arrange a showing for you. Send me a note here, or call at 305.342.1623.
To stay updated with all of the current Coconut Grove real estate information, receive my blog posts directly to your inbox by subscribing here.
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Grovenor House Under $1,000,000
March 25th, 2009 categories: Condos
I was doing some research for a client yesterday on the Grovenor House and I was shocked to see how many units are available for under $1,000,000. Granted none of them have water views, but under a million is still a great price point to get into one of Coconut Grove’s most luxurious condo buildings.
There has been one sale at the Grovenor House so far this year. It was a 2 bedroom, 2.5 bath unit with city views, 1,595 square feet of living space and sold for $670,000 ($420.00 per square foot).
There were 10 closed sales at the Grovenor House in 2008. Of those, 9 had water views and 1 had a city view. The average price per square foot for those with water views was $584.00. For the one unit that had a city view, the price per square foot was $476.00.
For those with a higher budget, the penthouse listed by Sotheby’s was just reduced to $16,900,000!
Click here to scroll through all units for sale and rent at The Grovenor House. If you are interested in seeing any of these properties, I would be happy to arrange a showing for you, send me a note or call at 305.342.1623.
You may also be interested in: Be On Permanant Vacation By Living At The Ritz, New Boutique Condo in the Grove – Residences at Vizcaya , Hard Hat Tour of Residences of Vizcaya
| Discussion: 2 Comments »
What’s My Take? 3139 and 3141 Day Avenue, Center Grove
March 23rd, 2009 categories: Coconut Grove Real Estate
After showing these townhomes several times to clients and having a knowledge of all that is available in Center Grove, I really feel that these identical townhouses on Day Avenue could sell at a great price. Listed at $550,000 a piece I have a sense that each one would go for under $500,000.
Details of 3139 and 3141 Day Avenue in Center Coconut Grove:
- New Construction
- 3 Bedroom/2.5 Baths
- 1 Car Garage, with gated space for more
- Pool with Outdoor Bar
- Located in the heart of Coconut Grove
- Stainless Steel appliances and wood cabinetry
- Marble Floors
If you are interested in seeing any of these properties listed by Direct Realty Solutions, I would be happy to arrange a showing for you. Just send me a note here, or call me on my cell at 305.342.1623.
To stay updated with all of the current Coconut Grove real estate information, receive my blog posts directly to your inbox by subscribing here.
| Discussion: 2 Comments »
Ye Little Wood Revisited
March 23rd, 2009 categories: Gated Communities
I wrote about this house (Best Value In Gated Community) in Ye Little Wood back in January because I felt that it had been lowered to a fantastic price.
Priced at $1,650,000 the home closed last week for $1,200,000. The house was on a 17,100 square foot lot with 5,800 square feet of interior space. The lot was the main selling feature of the home because the house needed quite a bit of updating. Located in one of Coconut Grove’s finest gated communities, this was a great value.
Click here to read more information about what is going on in Coconut Grove’s gated communities.
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Taken….
March 22nd, 2009 categories: What is selling in Coconut Grove?
Single Family Homes in Coconut Grove To Go Under Contract Last Week:
| Address | List Price | Beds Baths |
Sq.Ft. |
Days On Market |
Distressed |
| 2319 Swanson Avenue | $299,900 | 3/2.5 | 2,025 | 360+ | Short Sale |
| 54 Bay Heights Drive | $625,000 | 3/2.5 | 2,634 | 180 | No |
| 3514 Crystal Court | $915,000 | 3/2.5 | 3,035 | 20 | No |
Condos/Townhouses in Coconut Grove To Go Under Contract Last Week:
| Address | List Price | Beds Baths | Sq.Ft. | Days On Market | Distressed |
| 2 Grove Isle Drive | $589,000 | 2/2 | 1,642 | 300 | No |
| 2742 West Trade | $187,500 | 2/1 | 850 | 180 | No |
| 2990 Virginia Street | $171,000 | 2/2 | 1,116 | 270 | Foreclosure |
You may also be interested in: A New Realtor Trick, North Coconut Grove vs. South Coconut Grove
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