Archive for April, 2011
New Listing On Battersea Road, South Coconut Grove
April 29th, 2011 | categories: Coconut Grove Real Estate
I just listed this great home on Battersea Road. The home was designed by modernist architect Peter Jefferson, a disciple of Alfred Browning Parker. It is a split level home set within a magical botanical garden. As you enter the home you are greeted with walls of glass that open onto a large deck area perfect for entertaining. The kitchen was renovated 2 years ago and the roof was replaced 1 year ago. The home offers 3,040 square feet of living space with 5 bedrooms and 3 baths. It is being offerred for $699,000 (just $229.00 per square foot).
We are holding the home open this Sunday (May 1st) from 3:00 to 5:00 pm.
For more photos of 3630 Battersea Road, Coconut Grove click here.
If you are interested in buying or selling real estate in Coconut Grove and are looking for an experienced real estate agent please do not hesitate to contact me at 305.342.1623 or send me a message here.
To stay updated with all Coconut Grove real estate information, receive my blog posts via email by subscribing here. Once you register, you must activate the subscription in a followup email.
Are Bay Heights Values On The Way Up?
April 28th, 2011 | categories: Coconut Grove Real Estate Market Conditions
Bay Heights is one of the newer residential neighborhoods in Coconut Grove. Most of the homes in this section of the Grove were built in the 50′s whereas the rest of the Grove offers homes built as far back as the 20′s and 30′s. Because of this fact, Bay Heights tends to be mostly ranch style homes that have already been updated (or need to be).
The neighborhood has a different vibe than the rest of the Grove, it has more of a suburban feel and a little less foliage. On the flip side, many people like Bay Heights because it typically sells at a discount to the rest of the Grove, it has sidewalks unlike the rest of the Grove, is walled and has a 24 hour roaming security guard, and it is also the closest part of Coconut Grove to downtown Miami and Brickell (meaning you avoid morning and afternoon traffic on Bayshore Drive).
I was taking a look at what is on the market in Bay Heights right now and it is interesting that all seem to be priced more akin to the rest of Coconut Grove (they don’t reflect any discount for their location). They range in price from $286.00 to $349.00 per square foot when we traditionally see homes selling in Bay Heights far below those figures.
Below are the homes currently for sale in Bay Heights (to view photos of all, click here):
- 94 Bay Heights Drive | 3 BR/3 BA | 2,502 Sq. Ft. | List Price: $875,000 or $349.00 per square foot
- 91 Bay Heights Drive | 4 BR/3 BA | 2,747 Sq. Ft. | List Price: $855,000 or $311.00 per square foot
- 159 West Shore Drive | 5 BR/4 BA | 3,787 Sq. Ft. | List Price: $1,100,000 or $290.00 per square foot
- 133 West Shore Drive | 4 BR/3 BA | 2,963 Sq. Ft. | List Price: $849,000 or $286.00 per square foot
Below are the past 3 sales in Bay Heights:
- 31 North Shore Drive | 5 BR/3 BA | Sale Price: $600,000 or $144.00 per square foot
- 76 West Shore Drive | 3 BR/2 BA | Sale Price: $559,000 or $186.00 per square foot
- 271 East Shore Drive | 3 BR/ 3 BA | Sale Price: $620,000 or $248.00 per square foot
It will be interesting to see where the sale prices end up, perhaps we could start to see values in Bay Heights creeping upwards.
If you are interested in buying or selling real estate in Coconut Grove and are looking for an experienced real estate agent please do not hesitate to contact me at 305.342.1623 or send me a message here.
To stay updated with all Coconut Grove real estate information, receive my blog posts via email by subscribing here. Once you register, you must activate the subscription in a followup email.
The Market Is Hot For Rental Homes In Coconut Grove
April 27th, 2011 | categories: Coconut Grove Real Estate
Single family homes for rent in Coconut Grove are few and far between. The good ones get snapped up within hours of coming on the market. To me it is an indication of a few things: First, it means that Coconut Grove continues to be a desirable place to live. Second, with demand so high rental prices won’t be falling anytime soon. And third, it means that if you purchase a home as an investment property you will certainly be able to rent it out (and without much lag time).
Below are some recent properties that have rented:
Pending In 7 Days | 2421 Inagua Avenue | 3 BR/2 BA | Listed by Sotheby’s | Rental Price: $2,500
Pending In 1 Day | 3721 Loquat Avenue | 2 BR/ 2 BA | Listed by Palladio Realty | Rental Price: $2,400
Cick below to view single family homes currently for rent in Coconut Grove:
Coconut Grove Homes For Rent ($0 to $2,999)
Coconut Grove Homes For Rent ($3,000 to $5,000)
Coconut Grove Homes For Rent ($5,000+)
If you are interested in buying or selling real estate in Coconut Grove and are looking for an experienced realtor please do not hesitate to contact me at 305.342.1623 or send me a message here.
To stay updated with all Coconut Grove real estate information, receive my blog posts via email by subscribing here. Once you register, you must activate the subscription in a followup email.
New Construction Homes In Coconut Grove
April 26th, 2011 | categories: Coconut Grove Real Estate, Coconut Grove Real Estate Market Conditions
Like it or not, there was a time during the boom when a new construction home was going up on just about every block in Coconut Grove. In my experience, these “McMansions” are usually condemned by the community but also highly in demand for buyers because many of them want a “turn-key” ready home. I am all in favor of preserving the charming and unique homes that we have to offer here in the Grove, but I do believe that the market needs refreshed once in awhile and there is no denying that there are many dilapidated properties that need torn down.
That being said, supply is virtually non-existent right now for already built new construction homes in Coconut Grove (I can count them on one hand). I know for a fact that builders are buying up land and waiting to build until home values increase. In my opinion it would be to their benefit to slowly get these projects started. We know that the market has leveled off, and it would be ideal to be some of the first new constructions to hit the market after the dry spell.
If you are interested in buying or selling real estate in Coconut Grove and are looking for an experienced real estate agent please do not hesitate to contact me at 305.342.1623 or send me a message here.
To stay updated with all Coconut Grove real estate information, receive my blog posts via email by subscribing here. Once you register, you must activate the subscription in a followup email.
Another Coconut Grove Home Sold…
April 24th, 2011 | categories: Coconut Grove Real Estate, What Is Selling In Coconut Grove Real Estate?
There are some houses in Coconut Grove that I am just itching to sell from the moment they come on the market and 4080 Douglas Avenue was one of them. Designed by Coconut Grove’s very own Max Strang, the home has unbelievable outdoor living spaces, incredible architecture and an extraodinary lot (home to South Florida’s largest mango tree). I blogged about it several times here on The Real Estate Coconut because to me the home embodies all the things that are great about Coconut Grove: style, history, warmth and a magical air. The property has been featured in countless magazines, photo shoots and was even the setting for several scenes of the Miami Vice movie.
For whatever reason, I always thought that I would bring the buyer for this house. After all shouldn’t the ”Grove Specialist” (with the great real estate blog) be the one to sell one of Coconut Grove’s iconic homes? As it turned out, yes I should. Congratulations to my wonderful clients who closed last week on 4080 Douglas Road for $3,100,000 and are already settling in nicely to the laid back Coconut Grove lifestyle.
And to boot, I get to keep my self-proclaimed ”Grove Specialist” title.
Food Tastes Better When It’s Grown In The Grove….
April 23rd, 2011 | categories: Coconut Grove Real Estate, Grove News
Can I add that to my property descriptions or is that overkill?
Today we pulled out the winter crops and planted some more heat resistant varieties of herbs and vegetables. As you can see above we’ve got everything growing from watermelon and cantaloupe to beans, kale, sorrel, heat-resistant homestead tomatoes, sage, purple basil, rosemary, oregano, banana peppers and celery.
Nothing compares to the taste of food when its pulled right out of the ground and put on the plate. It is farm to table at its best.
The Cloisters Experiences High Activity During April
April 22nd, 2011 | categories: Coconut Grove Gated Communities
There has been quite a bit of activity in The Cloisters this month. First, the short sale that was on the market for $1,195,000 (Unit #206) finally closed for $1,000,000. There have been two pending sales this week as well, the bayfront unit listed for $2,900,000 and the short sale that was listed for $1,000,000 are both under contract. I will keep you posted with the sales prices.
Yesterday a new unit came on the market listed for $1,495,000 (photo above and below). This property offers 5,651 square feet of living space and 4 bedrooms/4.5 baths. For more photos of #205, click here. Listed by Suzanne Anderson of EWM.
The Cloisters is the closest gated community to downtown Coconut Grove, it offers 24/7 guard gated security, pool, tennis court and clubhouse.
If you are interested in viewing property in The Cloisters, I would love the opportunity to work with you. Please contact me on my cell at 305-342-1623 or send me a note here.
Ye Little Wood, Coconut Grove: Market Update
April 20th, 2011 | categories: Coconut Grove Gated Communities, Coconut Grove Real Estate
Ye Little Wood is a highly coveted gated community in South Coconut Grove. Right now there are an astonishing 7 properties for sale which is an unusually large amount for a community that typically doesn’t have much activity. To scroll through all homes for sale in Ye Little Wood, click here.
Homes For Sale In Ye Little Wood:
- 3811 Wood Avenue | 7,286 Sq. Ft. LA | 6 BR/6 BA | List Price: $2,350,000 ($322.00 per square foot)
- 3883 Wood Avenue | 4,262 Sq. Ft. LA | 5 BR/5 BA | List Price: $1,895,000 ($444.00 per square foot)
- 3853 Little Avenue | 2,176 Sq. Ft. LA | 3 BR/4 BA | List Price: $799,000 ($367.00 per square foot)
- 3802 Little Avenue | 2,504 Sq. Ft. LA | 3 BR/3 BA | List Price: $695,000 ($277.00 per square foot)
Land For Sale In Ye Little Wood:
- 3980 Wood Avenue | 27,000 Sq. Ft. Lot | List Price: $1,200,000 ($44.00 per square foot of land)
- 3860 Little Avenue | 12,050 Sq. Ft. Lot | List Price: $899,000 ($74.00 per square foot of land)
- 3990 Wood Avenue | 10,400 Sq. Ft. Lot | List Price: $699,000 ($67.00 per square foot of land)
If you are interested in buying or selling real estate in Coconut Grove and are looking for an experienced real estate agent please do not hesitate to contact me at 305.342.1623 or send me a message here.
To stay updated with all Coconut Grove real estate information, receive my blog posts via email by subscribing here. Once you register, you must activate the subscription in a followup email.
“Drive-Time” Open House Today – 1616 South Bayshore Drive
April 20th, 2011 | categories: Coconut Grove Real Estate
I am holding a “drive-time” open house today from 4:00 to 7:00 for my listing located at 1616 Bayshore Drive which is just south of Mercy Hosptial. Stop in on your way home from work for a bite to eat and to preview this lovely home.
Several other realtors are holding their properties open from 4:00 to 7:00 as well:
- 3013 Kirk Street | Thomas Grimshaw
- 1803 South Bayshore Drive | Charles Bauer
- 1823 South Bayshore Lane | Jill Penman
Coconut Grove Has It All!
April 19th, 2011 | categories: Coconut Grove Real Estate, What Is Selling In Coconut Grove Real Estate?
One reason real estate in Coconut Grove is so great is that it offers buyers many options. We certainly don’t have the cookie-cutter streets and homes that are found in other parts of Miami. Take a look below at the wide variety of properties that have sold this year in the Grove.
3015 Orange Street (#3144) | 1,290 Sq. Ft. LA | 2 Bedrooms/1.5 Bathrooms | Sale Price: $369,000 | Listed by John Seidel and Kim Gomberg of Coldwell Banker
1776 Opechee Drive (photo above) | 1,617 Sq. Ft. LA | 3 Bedrooms/2 Baths | Sale Price: $412,500 | Listed by Carleen Smith of EWM
4120 Kiaora Street (photo above) | 5,036 Sq. Ft. LA | 5 Bedrooms/6 Baths | Sale Price: $1,915,000 | Listed by Monica Betancourt of EWM
Grove Towers - Unit 14B (photo above) | 1,375 Sq. Ft. LA | 2 Bedrooms/2 Baths | Sale Price: $490,000 | Listed by Sine Mate of Coldwell Banker
If you are interested in buying or selling real estate in Coconut Grove and are looking for an experienced real estate agent please do not hesitate to contact me at 305.342.1623 or send me a message here.
To stay updated with all Coconut Grove real estate information, receive my blog posts via email by subscribing here. Once you register, you must activate the subscription in a followup email.