Looking for Urban Living in Coconut Grove?
August 25th, 2009 | categories: Coconut Grove Real Estate
I have many clients who are looking for a place to live that is within walking distance to the center of town. When you take a look at the areas surrounding downtown Coconut Grove, you will see that we have a wide range of properties available in prices ranging from $100,000 to several millions. Typically you pay a premium to live in the heart of a city, but that is not necessarily the case here in Coconut Grove.
Walkable 1 Bedroom Condos/Studios/Lofts
If you are looking for a small studio in the center of the village you have quite a few options. First off, we have The Mayfair Hotel and The Mutiny which are both condo-hotels. Right now there are a few distressed 1 bedrooms in The Mutiny priced between $100,000 to $200,000. This is a very good, well kept building with great views of Sailboat Bay. In the Mayfair Hotel there are some units currently priced under $100,000. Beware that the associations fees are running very high there right now, (between $1,000 to $2,000 per month for a 1 bedroom!). You also have the loft style units located in Grove Square across from the Mayfair Hotel priced in the $200,000’s. Finally, the Ritz Carlton offers 1 bedroom units priced in the $500,000’s. Click here to see what I believe to be the best 1 bedroom condo in Coconut Grove.
Walkable 2+ Bedroom Condos
The Rice Building and The Lofts of Mayfair are two newer boutique condos here in Coconut Grove. There is currently a 2 bedroom, 2 bath unit in the Rice building asking $525,000. The Lofts of Mayfair has a 2 bedroom, 2 bath available for $425,000. Also, The Mutiny, The Sonesta, Yacht Harbor, Ritz Carlton and Grove Tower are older buildings but still nice and have great views featuring units with 2+ bedrooms.
Walkable Townhouses/Villas
Center Grove offers new and old construction townhouses priced from $300,000 up to $800,000. Located just across from Greenstreet Cafe is The Cloisters which is a newer community consisting of townhouse style condos. Prices in The Cloisters are currently running from $1,800,000 to $2,900,000. South of The Cloisters is Abitare, another gated community of townhouses.
Walkable Single Family Homes
There are several “walkable” single family home neighborhoods in Coconut Grove especially if you use the Commodore Bike Trail along Main Highway, or the sidewalk along South Bayshore Drive to get to the center of town. Prices of single family homes in these areas run anywhere from $400,000 to the millions.
One thing is for sure, Coconut Grove has something to offer everyone!
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If you are interested in buying or selling real estate in Coconut Grove, please give me a call at 305.342.1623 or send me a note here.
Its always an advantage when you can live close enough to the city center to be able to walk, can save money on transportation costs and commuting times.