The Moorings In Coconut Grove Sees A Slowdown In Activity
August 30th, 2011 | categories: Coconut Grove Gated Communities
Last year activity in the gated community of The Moorings was very high. There were 8 homes that came on the market and 5 homes that sold which is a lot of activity for such a small community. With much of the inventory selling last year and not much new for sale in 2011 their market has significantly slowed down.
There are currently 3 homes on the market in The Moorings and there have been 2 homes sold. The first home offered 4 bedrooms, 4 baths with 5,037 square feet of living space and sold for $1,675,000 ($332.00 per square foot), and the second property sold for land value at a price of $960,000 ($82.00 per square foot of land). This land sale is a good comparable for other land in gated communities. Both of these properties were listed by Jo-Ann Forster of EWM Realtors.
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