Archive for May, 2010
In My Pocket…
May 28th, 2010 | categories: Coconut Grove Real Estate
Many times homeowners want to sell but are nervous about putting their house on the market. They don’t want buyers traipsing through their house, don’t want their neighbors to know that they are selling, or are just overwhelmed by the whole process. When this happens, they will typically contact a Realtor and tell them that they would sell their house if the realtor could find them the right buyer. These homes are called “pocket listings” and are never officially put on the Multiple Listing Service.
Pocket listings are a good reason to work with a Realtor who specializes in the area. I get many calls from Coconut Grove residents telling me to keep their house in mind for any buyers that may be interested. I also get many calls from other Coconut Grove Realtors who know that I have listings not officially on the market.
I currently have several pocket listings in North and South Grove right now. If you are looking for something but cannot find it on the MLS please call me directly. If you are working with a Realtor, have them give me a call. I can be contacted on my cell phone at 305.342.1623.
Contemporary Homes Are Attractive To Many Buyers
May 27th, 2010 | categories: Coconut Grove Real Estate
Many of my buyers have “contemporary style” on their wish list. Sleek lines, high ceilings, and bright, open spaces are some of the features that draw people to these types of homes.
Although there was a recent sale on Hardie Avenue (photo below) for $950,000, most contemporary homes in Coconut Grove are priced well over $1,000,000.
Click here to view some of the contemporary homes on the market in Coconut Grove. In my opinion, the top two are located at 3333 South Moorings Way and 3636 Hibiscus Street.
If you are interested in buying or selling homes in Coconut Grove, don’t hesitate to contact me at 305.342.1623 or send me a note here.
Recent Pending Sales In Coconut Grove
May 26th, 2010 | categories: Coconut Grove Real Estate Market Conditions
Here are the most recent pending sales in Coconut Grove over the past 2 weeks. As you can see below, Grove Isle is on fire with 3 units going under contract.
- Grovenor House, Unit 2603 (photo above) | $2,250,000 | 3 Bedroom, 3 Bath | 2,640 Square Feet
- 3 Grove Isle Drive, Unit C910 | $1,369,000 | 3 Bedroom, 2 Bath | 2,424 Square Feet
- 3 Grove Isle Drive, Unit C1509 | $1,100,000 | 3 Bedroom, 2.5 Bath | 2,614 Square Feet
- 3 Grove Isle Drive, Unit C1703 | $719,000 | 2 Bedroom, 2 Bath | 1,882 Square Feet
- 77 Bay Heights Drive | $565,000 | 4 Bedroom, 3 Bath | 3,142 Square Feet
- 3201 Calusa Street | $369,000 | 2 Bedroom, 2 Bath | 1,353 Square Feet
- 3792 Kumquat Avenue | $500,000 | 3 Bedroom, 2 Bath | 1,674 Square Feet
- 3690 Poinciana Avenue | $299,000 | 3 Bedroom, 3 Bath | 1,963 Square Feet
- 3060 Lime Court | $465,000 | 3 Bedroom, 2 Bath | 2,041 Square Feet
- 2750 Coacoochee Street | $599,900 | 3 Bedroom, 2 Bath | 3,025 Square Feet
Lack Of Rental Properties In Coconut Grove
May 25th, 2010 | categories: Coconut Grove Real Estate Market Conditions
Dominique and Eric, two members of my team here at The Real Estate Coconut have had extreme frustration in the Center Grove rental market. They have many clients looking for 2 - 3 bedroom townhouses between $2,500 and $3,500 and there is just nothing on the market.
Due to a lack of inventory in the Center Grove, it is pretty much guaranteed that if you list your townhouse at market value it will be rented in a matter of weeks. For example I recently had a townhouse in Provence Village priced at $1,700 a month and we had renters lined up at the door to get in. It was gone after only a week on the market.
If you are interested in buying, selling or renting real estate in Coconut Grove and are looking for a realtor who specializes in Coconut Grove please do not hesitate to contact me at 305.342.1623 or send me a note here.
Where Did My Weekend Go?
May 24th, 2010 | categories: Coconut Grove Real Estate
I am not sure where my weekend went with all of the appointments and showings we had scheduled. Buyers are out in force even as we head into the summer months. We had 18 showings at our Coconut Grove listings and 2 listing appointments. The time and energy was well worth it because it appears that we have three different buyers who will be submitting offers this week.
Two of our listings have also just gone under contract. Lets all keep our fingers crossed that the market stays this busy.
Poinciana Trees Are Blooming
May 21st, 2010 | categories: Grove News
Red flowers cover the skies of Coconut Grove as the Royal Poinciana trees come into bloom.. I snapped this shot of a Poinciana in front of the Coconut Grove Women’s Club this morning.
Great Townhouse Under $300,000 In Center Grove
May 21st, 2010 | categories: Coconut Grove Townhouses
I recently listed this 2 bedroom, 2 bath townhouse (1,116 sq. ft.) priced at just $269,900 in Mello Grove. Mello Grove is a gated complex of 6 townhouses and sits at the corner of Virginia Street and Bird Avenue. This is a very spacious unit with open living areas, high ceilings, ample closet space (which can be hard to find in this price range), a private patio for entertaining and 2 parking spaces. For more photos and information on this unit, please click here.
If you would like to schedule a showing, please feel free to contact me by sending a note here.
Land In South Grove Sells For $23.00 A Foot
May 20th, 2010 | categories: Buying Real Estate in Coconut Grove
The 18,125 square foot lot located at 3850 Plaza Street in the South Grove closed recently for $425,000. That is $23.00 per square foot and is slightly below market value (which is about $30.00 a foot for non-waterfront, non-gated land). This sale just reinforces what I have been telling my investors which is that the best buys right now are found in the residential land market.
Need proof ? Check out these Coconut Grove land sales from years past:
- 1848 Opechee Drive, 11,393 square foot lot, sold for $789,000 in 2006 ($69.00 a foot)
- 4169 Ventura Avenue, 12,100 square foot lot, sold for $1,085,000 in 2006 ($89.00 a foot)
- 4061 Woodridge Road, 9,380 square foot lot, sold for $600,000 in 2006 ($63.00 a foot)
- 4044 Malaga Avenue, 15,375 square foot lot, sold for $960,000 in 2007 ($62.00 a foot)
- 1760 Chucunantah Road (see note below), 11,700 square foot lot, sold for $720,000 in 2007 ($61.00 a foot)
**The owners of 1760 Chucunantah Road above have recently decided not to build and have listed the property with me – we are currently asking only $499,000. It is a great lot on a quiet street in North Grove. If you would like more information on the property or would like to submit an offer, please give me a call at 305.342.1623.
If you are interested in buying land in Coconut Grove and would like to work with a local specialist, please contact me here.
Foreclosure On Poinciana Sells Above List Price
May 19th, 2010 | categories: What Is Selling In Coconut Grove Real Estate?
The foreclosure located at 3979 Poinciana Avenue Close Road (in a small gated community in South Grove) sold for $1,000,000 this week. The home was listed at $989,000 and featured 5 bedrooms, 6 baths with 4,504 square feet of living space on a 10,000 square foot lot. I showed the house to several potential buyers but they all decided that it needed too much updating. In fact, I was very surprised to see that someone paid over asking price for it.
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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.
Special Home Comes On The Market In North Coconut Grove
May 18th, 2010 | categories: New Listings in the Grove
I just listed this special home located at 1621 Micanopy Avenue. Micanopy is a small, quiet street only 3 1/2 blocks long that runs parallel to Tigertail Avenue and S. Bayshore Drive. Towering oak trees soar above this home that has been impeccably updated. If you are looking for turnkey ready, then this is the home for you.
The home is completely gated, features CGI impact windows, custom woodwork, built-in cabinets in family and dining room, formal living room, 2 balconies, playroom, a sitting area in the master bedroom, and even a “mud room”! The beautiful country kitchen boasts hand blown glass panels, recycled Dade County pine counter-tops along with granite counter-tops near the cooking prep area. The home sits on the highest elevation point in Dade County.
Details Include:
- 4,474 Square Foot Living Space
- 10,500 Square Foot Lot
- 5 Bedrooms, 4 Baths
- 2 Car Garage + Carport
- List Price: $1,490,000
- More Photos and Information Here
If you are interested in seeing this house please give me a call at 305.342.1623 or send me a note here and I would be happy to schedule a showing.