Park Avenue Sells For Land Value
October 15th, 2009 categories: Selling Real Estate in Coconut Grove
My listing located at 3812 Park Avenue closed today. There was a structure on the property but it was not worth saving and the new owners intend to build.
Park Avenue had a 21,600 square foot lot and sold for $630,000 ($29.00 psf land). I pretty much had the property sold before I even got the listing agreement signed. When I got the okay to start marketing the property, I called several agents who I knew had clients looking for large lots to build and was able to put the property under contract immediately. As soon as they did their due diligence, they made their second deposit and closed with cash.
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