Home In The Moorings Sells For $10,125,000
December 14th, 2010 | categories: Coconut Grove Real Estate, Coconut Grove Real Estate Market Conditions
On the blog I try to touch on different segments of the market in order to reach all types of buyers and sellers. However lately it has been difficult because it seems that the only big news in Coconut Grove has been the luxury home sales. Well today is no different, so here we go.
The home located in the gated community of The Moorings closed for a sales price of $10,125,000.00 (or $899,00 per square foot). The property sold much higher than the average waterfront home in Coconut Grove which is selling at $651.00 per square foot.
Another interesting fact is that this is the 4th sale this year to sell over $5,000,000 (last year there was only 1). These ultra luxury sales have helped boost Coconut Grove’s volume to over $100,000,000 in 2010, well above what we sold in 2009.
I know the numbers, I analyze the market, my clients make better decisions. If you would like to buy or sell real estate and are looking for an experienced Realtor in Coconut Grove, please don’t hesitate to contact me at 305.342.1623 or send me a note here.