High End Rental Market

March 18th, 2009 | categories: Coconut Grove Real Estate

It shouldn’t surprise you that the high end rental market ($5,000 a month and up) is slow.  This year, Coconut Grove has only had 3 single family homes rented in the $5,000+ price range while there have been 17 rented below that price.  With so few sales happening right now, many sellers are hoping to at least get their property rented if they cannot sell. 

Coconut Grove Rentals

Many of these high end rentals are also on the market for sale.  I thought it would be interesting to show the list of rental prices along side the sales prices of these luxury homes. 

  1. 1855 South Bayshore Drive | $12,500 per month vs. $2,994,500 list price | 6 Bedrooms, 5.5 Baths | 8,900 Sq. Ft. | 25,000 Square Foot Lot.
  2. 1770 Espanola Drive | $9,000 per month vs. $1,749,000 list price | 6 Bedrooms, 5.5 Baths | 4,723 Sq. Ft. | 7,000 Square Foot Lot. 
  3. 3660 Battersea Road | $7,500 per month vs. $1,525,000 list price | 5 Bedrooms, 6 Baths | 3,933 Sq. Ft. | 10,500 Square Foot Lot. 
  4. 4190 Battersea Road | $5,975 per month vs. $1,395,000 list price | 3 Bedrooms, 4 Baths | 3,615 Sq. Ft. | 7,586 Square Foot Lot. 
Information on the above properties comes courtesy of EWM Realtors, Inc., Jeanne Baker Realty, Inc., Fortune Realty and Coldwell Banker.

Written by Riley Smith

This entry was posted on Wednesday, March 18th, 2009 at 9:57 am and is filed under Coconut Grove Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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