Archive for September, 2011
Real Estate Weekend Recap
September 19th, 2011 | categories: Coconut Grove Real Estate
One of the best things about my job is meeting new people. Over the weekend I had the opportunity to work with a couple of different buyers who are looking in completely different segments of the market. The first was looking to build or buy a contemporary home in Miami and the second was looking for a townhouse in Center Coconut Grove. I always enjoy hearing my client’s stories and why they are buying or selling. My open houses at Le Jeune, Park and Prospect were another great venue to meet people and talk real estate. We had a great turnout and it just reinforced my belief that this Fall is going to be an incredibly busy real estate season.
As always, if you have any real estate questions on buying or selling in the Grove please don’t hesitate to give me a call on my mobile at 305-342-1623.
The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.
When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly. If you are interested in selling your home I would be happy to give you a no pressure home valuation. Call me on my cell at 305.342.1623 or send me a message here.
Just Listed By The Riley Smith Group | Open Houses This Sunday
September 16th, 2011 | categories: Coconut Grove Real Estate
As I continue to roll out my new listings for the Fall of 2011, I am presenting today a beautiful Old Spanish villa in south Coconut Grove. Located at 4095 Park Avenue, the home was featured last weekend on the cover of The Miami Herald Real Estate section.
Old Spanish architecture is a very popular style here in Coconut Grove; it evokes an old world charm that is desirable to many buyers. This home offers light filled living spaces, plantation shutters, impact windows, fireplace, french doors and tile and wood floors. A lush flowering garden and coral rock terrace surround the heated pool. The home has 4 bedrooms, 4 baths in the main house plus 2 bedrooms, 1.5 baths in the guest house. Other details include 3,992 square feet of living space on an 11,813 square foot lot. The home is being offered for $1,425,000. View a photo tour of the property here. We are holding an open house at this home Sunday and we’d love to see you there! See details below.
Coconut Grove Open Houses | Sunday, September 18th, 2011
1. 4095 Park Avenue (featured property above) | 6 Bedrooms, 5.5 Baths | 3,992 Square Feet LA | List Price: $1,425,000 | Open House from 1:30 pm to 3:30 pm
2. 3621 Le Jeune Road (above) | 5 Bedrooms/6 Baths | 5,535 Square Feet Of Living Space | List Price: $1,575,000 | Open House from 3:00 pm to 4:30 pm.
3. 74 North Prospect (above) | 3 Bedrooms/3 Baths | 3,128 Square Feet Of Living Space | List Price: $$875,000 | Open House from 1:00 pm to 2:30 pm.
Recent Sales In Coconut Grove You Should Know About
September 15th, 2011 | categories: Selling Real Estate in Coconut Grove, What Is Selling In Coconut Grove Real Estate?
There are a few closed sales that have occurred this month that are worth mentioning today. First is the home located at 3350 Poinciana Avenue (the gated section of Poinciana east of Main Highway) which was listed for $2,695,000 and closed for $2,400,000 or $471.00 per square foot. In my opinion this is a very good PPSF figure considering that the home wasn’t waterfront. I took some buyers to view the property awhile back and it was a completely turn-key ready home that had been finished beautifully. There have only been 2 higher “price per square foot” figures in the Grove this year for non-waterfront. First was my listing on Hardie Road which closed for $496.00 per square foot and second was the property at 3618 St. Gaudens Road which closed for $523.00 per square foot. 3350 Poinciana was listed by Avatar.
The second sale I want to mention is the one that occurred at 3835 Kent Court. This is significant because the contemporary/modern style is very much in demand these days. The home sold for $1,700,000 or $267.00 per square foot. 3835 Kent Court was listed by ReMax.
Lastly, I wanted to mention the home at 3121 Kirk Street in the North Grove that sold for $490,000, or $290.00 per square foot. This is a good comparable for all of those 3 bedroom ranch style homes in the pocket of the Grove between 22nd and 27th Avenue. 3121 Kirk Street was listed by ReMax.
The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.
When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly. If you are interested in selling your home I would be happy to give you a no pressure home valuation. Call me on my cell at 305.342.1623 or send me a message here.
Clean It Up!
September 14th, 2011 | categories: Coconut Grove Real Estate
I drive by the house at 2320 Tigertail Avenue practically every day and it bothers me (as I’m sure it does the neighbors) that the new owners/investors haven’t cleaned it up yet. As you can see from this photo, the yard is completely overgrown. The home sold as a foreclosure back in November and I think that it actually looked better when the bank owned it. You may remember the post I wrote awhile back - Foreclosure On Tigertail Avenue Sells.
The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.
When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly. If you are interested in selling your home I would be happy to give you a no pressure home valuation. Call me on my cell at 305.342.1623 or send me a message here.
Just Listed On Irvington Avenue, Coconut Grove!
September 13th, 2011 | categories: New Listings in the Grove
I just listed this stunning gated home located at 3740 Irvington Avenue in South Coconut Grove. One thing that really stands out when you walk into this home is the meticulous attention to detail. Special details include Amazonian rosewood flooring, extensive custom millwork and cherrywood cabinetry, jade granite, Crema Marfil marble, fine art crystal chandeliers and sconces, Toto fixtures, Sub-Zero and Wolf appliances. The home is surrounded by a wonderful tree canopy and lush gardens.
Join me for a Brokers Open tomorrow at the home (Wednesday, September 14th) from 12:00 to 2:00. All are welcome! Lunch from Whisk provided by Perdigon Title.
The home offers 3,472 square feet of living space on a 6,850 square foot lot with 3 bedrooms plus a downstairs den, and 4 bathrooms. The list price is $1,399,000. View more photos of 3740 Irvington Avenue, Coconut Grove 33133 here.
If you are interested in viewing this home please feel free to contact me on my mobile at 305-342-1623 or send me a message here.
Ye Little Wood: Antoine Walker’s Coconut Grove Home Finally Sells
September 12th, 2011 | categories: Coconut Grove Real Estate, What Is Selling In Coconut Grove Real Estate?
Antoine Walker’s financial situation has been no secret over the past few years; just recently he plead guilty to a felony in a Las Vegas casino case and at just 35 years old he has reportedly blown over $100 million. His home here in Coconut Grove was just a small piece of the pie but was so burdened with liens and lawsuits that it was un-sellable for many years. The home came on the market in 2009 priced at $3,500,000 as a short sale. Several people attempted to buy the property since then but could never get clear title. One of the buyers hung in there and waited for the home to slip into foreclosure. When it finally came on the MLS as a bank owned property (just a few weeks ago) the buyers were able to close within a matter of days for $1,800,000. The house offered 7,111 square feet of living space with 5 bedrooms/5 baths on a 20,700 square foot lot. Broker was Lowell Homes.
Antoine Walker won a championship with the Miami Heat in 2006, his last year in the NBA was in 2008 when he played for the Minnesota Timberwolves.
View all homes for sale in Ye Little Wood, Coconut Grove.
The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.
When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly. If you are interested in selling your home I would be happy to give you a no pressure home valuation. Call me on my cell at 305.342.1623 or send me a message here.
Final Day Of Coconut Grove Condo Updates: The Ritz Carlton and The Sonesta
September 9th, 2011 | categories: Coconut Grove Condos
Today is the final day of my Coconut Grove condo review. In case you missed our previous condo posts you can catch up on them here: Yacht Harbour, Grove Tower and Grove Hill, Grovenor House and Grove Isle.
Ritz Carlton, Coconut Grove
The Ritz Carlton in Coconut Grove has had quite a ride since it was completed. Values have fallen considerably from 2007 ($500 per square foot) to 2011 ($313 per square foot). This is by far the biggest drop we have seen in any major condo building in Coconut Grove. One reason I feel that the Ritz is struggling is because it is no longer considered the “new kid in town” and unfortunately The Grovenor House has stolen much of its thunder in recent years. There are currently 28 units for sale in both the residences and the hotel tower ranging in price from $300,000 all the way up to $3,600,000. To view what is currently on the market at The Ritz Carlton, click here.
The Sonesta, Coconut Grove
The Sonesta is located at 2889 McFarlane Road and is one of two condo/hotels here in Coconut Grove. It has a contemporary style, great views of Biscayne Bay and has just completed a major exterior renovation. I recently reported that The Sonesta has had the highest number of condos sold in 2011 than any other condo building here in the Grove. There are currently 13 condos for sale in The Sonesta and are priced between $239,000 to $675,000. Taking a look at the chart below you can see that values have remained very stable over the past few years here. To see all condos available for sale in The Sonesta click here.
Thank you for following our Coconut Grove Condo Market Review this week. Next week I will dive back into the single family market with an interesting sale in Ye Little Wood and I will be presenting some of my new listings here in Coconut Grove.
The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.
When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly. If you are interested in selling your home I would be happy to give you a no pressure home valuation. Call me on my cell at 305.342.1623 or send me a message here.
Market Review: Grovenor House and Grove Isle In Coconut Grove
September 8th, 2011 | categories: Coconut Grove Condos
Grovenor House, Coconut Grove
Built by Ugo Colombo in 2006, The Grovenor House is the newest condo building in Coconut Grove. The lobby of the building is very elegant with lots of light, high ceilings and warm wood accents. Prices in The Grovenor House right now range from $820,000 (for a 2 bedroom with city views) and go all the way up to $14,500,000 (for a penthouse with bay views).
When you take a look at the chart below, it seems that the time has passed to get a good deal in The Grovenor House. The average “price per square foot” has steadily increased since 2009, and is almost back up to 2007 numbers. To view condos for sale in The Grovenor House, click here.
Grove Isle, Coconut Grove
Grove Isle is located on a private island just off of South Bayshore Drive in North Coconut Grove. There are many reasons that make Grove Isle very desirable to buyers. First, the amentities are top notch and include such things as a full service marina, pools, tennis courts, restaraunts, spa, hair salon, gym and scenic jogging/walking path.
The chart of average “price per square foot” figures below shows that Grove Isle has seen a slight decline in values over the past few years. To view current condos for sale in Grove Isle click here.
The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.
When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly. If you are interested in selling your home I would be happy to give you a no pressure home valuation. Call me on my cell at 305.342.1623 or send me a message here.
Market Update: Grove Tower and Grove Hill Condos, Coconut Grove
September 7th, 2011 | categories: Coconut Grove Condos
Continuing on with my analysis of the Coconut Grove condo market, today I will be featuring Grove Tower and Grove Hill.
Grove Tower, Coconut Grove
Grove Tower is located at 2843 South Bayshore Drive, 33133. It was built in 1983 but many of the units have been updated. Grove Tower is known by the locals as the “bicycle rack building” because of its signature rounded balcony design. There are currently 5 condos on the market in Grove Tower priced between $399,000 and $2,450,000. There have been 6 condos sold in Grove Tower so far in 2011 which is more activity than we have seen in the building in several years. Below is the average price per square foot history of condos sold in Grove Tower. To view all condos for sale in Grove Tower, click here.
Grove Hill, Coconut Grove
Grove Hill is located a few blocks north of Grove Tower, at 2645 South Bayshore Drive. Grove Hill is a boutique condo building consisting of just 77 units on 22 floors. There are currently 4 condos for sale in Grove Tower, 1 penthouse unit with spectacular water views priced at $2,699,000, and 3 units without water views all listed under $1,000,000. As you can see from the below graph, 2009 and 2010 garnered some high values but in 2011 we have seen them come down a bit. To view condos for sale in Grove Hill, click here.
Stay tuned to the blog tomorrow, I will feature Grovenor House and Grove Isle. In case you missed yesterday’s post on the real estate market in Yacht Harbour, click here.
The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.
When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly. If you are interested in selling your home I would be happy to give you a no pressure home valuation. Call me on my cell at 305.342.1623 or send me a message here.
Looking Ahead In Coconut Grove….
September 6th, 2011 | categories: Coconut Grove Condos, Coconut Grove Real Estate
I hope everyone had a great Labor Day this past weekend and I am excited to officially kick off the busiest time of year for real estate in South Florida. If you know me then you know that I am stickler for details, perfection and organization. My team has spent the past month preparing for what is to be the most active real estate market we have seen in Coconut Grove’s history. During this time we have added and trained an additional office assistant, we have switched our filing system over to DropBox where everything will be stored in the “clouds” (safe from hackers and hard-drive crashes) and will be rolling out some innovative and unique marketing tools for my current and future listings.
The passing of Labor Day also indicates the beginning of the snow-bird season in Miami, when all of the northerners fly down to their condos for some sun and relaxation. On that note, each day this week I will be showcasing a different condominum building here in Coconut Grove. Today’s featured condo is one of my favorite buildings, Yacht Harbour located at 2901 South Bayshore Drive, 33133.
Yacht Harbour is not necessarily the newest or swankiest condo in Coconut Grove. But it has a “certain something” about it that makes it very popular among buyers. First of all, it is the closest major condo building to Coconut Grove’s village center. Second, it has some of the largest balconies offered here in the Grove and third, it has a great association and employs some of the best and friendliest staff in town.
There are currently just 6 units for sale in Yacht Harbour ranging in price from $725,000 to $395,000. There have been 3 sales in the building so far this year. One of which was an international client of mine who purchased Unit 16-H for $245,000, it was a 1 bedroom, 1.5 bath with 1,105 square feet and water views from every window. The other two sales occured for $375,000 (2 bedroom, 2 bath) and $215,500 (1 bedroom, 1 bath). Below is the “price per square foot” history in Yacht Harbour since 2007, as you can see now is the certainly the time to buy.
The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.
When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly. If you are interested in selling your home I would be happy to give you a no pressure home valuation. Call me on my cell at 305.342.1623 or send me a message here.