Recent Happenings In The Coconut Grove Real Estate Market
March 9th, 2010 | categories: What Is Selling In Coconut Grove Real Estate?
The property above located at 3528 Bayshore Villas Drive priced at $3,950,000 went under contract yesterday. This is good news for the luxury home market in Coconut Grove which has been extremely slow recently. The property is listed by Engel and Voelkers.
The property above located at 3825 Poinciana Avenue in South Coconut Grove finally sold after 40, yes 40 months on the market. A classic example of sellers chasing the market. Originally priced at $1,749,000, the sellers made 11 price reductions and finally sold for $780,000. Broker was Ingletto Realty Group.
I had the buyer and the seller for the townhouse located at 3055 Virginia Street (pictured above) which closed last week. It was a short sale and required an extreme amount of patience by all parties. The selling price was $260,000.
I had the buyer for another townhouse that closed last week. The property is located in one of my favorite spots in Center Grove – The Arboretum. The address is 3153 Peachy Street and the sales price was $475,000.
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If you are interested in buying or selling real estate in Coconut Grove and are looking for a Grove specialist, please contact me at 305.342.1623 or send me a note here.