High End Real Estate Is Selling In Coconut Grove!
December 1st, 2009 categories: What is selling in Coconut Grove?
If you keep up with the blog you will remember that the $1,000,000+ market was pretty much dead in Coconut Grove at the beginning of the year.
That has certainly changed in the 4th Quarter since almost 50% of Coconut Grove’s closed sales have been over $1,000,000 which means that higher end buyers are finally re-entering the real estate market here in Coconut Grove.
Yesterday alone two homes sold over $1,000,000.
The first was located at 1780 Espanola Drive in North Coconut Grove. Amazingly, this house has sold and re-sold within the past 2 years. The home was purchased in August of 2008 for a price of $2,000,000, was put back on the market in June of 2009 and closed yesterday for a sales price of $1,910,000. The home was built in 2007 and featured 5,204 square feet on the interior, 6 bedrooms, 7 baths on a 10,500 square foot lot. The sales price per square foot is $367.00.
The second home was located at 3810 Frantz Road in South Coconut Grove. The owners had it on the market since January of 2009 their asking price was $1,650,000 and it sold for $1,375,000. It was built in 1995, featured 5 bedrooms, 4 baths, 5,141 square feet of living space on a 9,700 square foot lot. The sales price per square foot is $267.00.
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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.
