Market Update | The Cloisters In Coconut Grove
I write about the real estate market in The Cloisters quite often because of its great location in the heart of Coconut Grove. Every day while I am having breakfast at Greenstreet I see Cloisters residents walking, biking and jogging to and from the gated community. They are extremely lucky to have all of Coconut Grove’s restaraunts, cafes, shops and movie theater just steps from their front door.
A few years ago The Cloisters suffered from several short sales and foreclosures which really brought down values for the gated community. Since then, the market in The Cloisters has improved and this year there have been two sales which solidified the turnaround. First, Unit 307 closed for $1,625,000 and second, my listing (Unit 1238) just closed for $1,775,000. These two sales represent some of the highest on record for The Cloisters.
I am a Coconut Grove real estate specialist. Over the past 3 years, I have earned the distinction of selling the most number of homes in Coconut Grove. If you would like to schedule a buyer or seller meeting with me, please feel free to call me directly at 305-342-1623 or send me a note here.
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