Act Fast: Waterfront Land In Coconut Grove
September 2nd, 2011 | categories: Coconut Grove Real Estate
An unapproved short sale came on the market last night for a list price of $1,400,000. The lot offers 140 square feet of water frontage in the gated community of Entrada Estates. It is located on a canal but is just seconds away from the Bay with no bridges. The lot size is 18,480 square feet, and there is a half built structure on the property that could be torn down or completed according to the buyers needs.
They are asking just $70.00 per square foot of land which would be a steal if you got something close to that. Keep in mind that it is a short sale so who knows what the bank will ultimately accept. The property is listed by Fortune Realty.
There hasn’t been a lot of activity in this segment of the market. In fact, there have only been 3 waterfront land sales on the MLS history in Coconut Grove. See below:
- 3550 Matheson Avenue | Sold in 2011| Entrada Estates | Open Bay Views | 21,233 square foot lot | Sale Price: $4,000,000 or $188.00 per square feet of land.
- 1735 Fairhaven Place | Sold in 2009 | Non-Gated Community | Canal Views | 15,000 square foot lot | Sale Price: $1,250,000 or $83.00 per square foot of land.
- 1835 Fairhaven Place | Sold in 2008 | Non-Gated Community | Canal Views | 6,250 square foot lot | Sale Price: $660,000 or $105.00 per square foot of land.
To view a list of other waterfront lots for sale in Coconut Grove, click here.
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