Holiday Real Estate Activity In Coconut Grove
December 28th, 2010 | categories: Coconut Grove Real Estate
There have been several important sales over the past week that I wanted to bring you up to speed on.
The first sale that I want to mention is the new construction home at 3921 Irvington Avenue (photo above) which sold for $1,250,000. This sale is a great comparable for new construction homes in the Grove because it sold for $384.00 per square foot. Lately we have seen some lower numbers for new constructions but this sale helps to bring values back up. Listing agent was Martine Paulin of EWM.
Second, a property in The Moorings that I wrote about here – The Moorings | Interesting Opportunity - finally came across the MLS as “sold” although it really closed back in September. This was a shell of a home located on a great lot in the gated community of The Moorings. The project came with the architectural plans to finish the home. It was a hard one to put a price tag on but it closed for $1,690,000 or $279.00 per sq. ft. The lot size was 12,454 square feet and the size of the home is 6,046 square feet. There have been 5 homes sold in The Moorings this year and there are currently only 3 homes left on the market. Listing agent was Amy Sussman of EWM.
Moving on to the Bay Heights area, the home located at 76 West Shore Drive closed for $480,000 or $186.00 per square foot. As I have said before on the blog, Bay Heights is a location in Coconut Grove that typically sells at a discount. Bay Heights has been extremely active in terms of the number of homes sold this year and there are currently only 2 left on the market. Listing agent was Sasco Realty.
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.