Coconut Grove Gated Community 2014 Market Update

Gated Community Map With Watermark

Homes in Coconut Grove gated communities got a big boost in 2014 with the average “sale price/square foot” rising to nearly $600.00.  This figure tells us that buyers are willing to pay nearly $200.00/square foot more for the added benefits of living in a gated community.

The highest sale price for a home sold in a gated community during 2014 was located in The Anchorage.  3501 Anchorage Way offered 7 bedrooms, 8 baths with 8,800 square feet of living space on a 15,386 square foot lot.  The home had direct bay views with private basin boat dockage.  It closed for $5,460,000 or $620.00/square foot.

Gated Communities Chartt

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As the #1 Top Producing Realtors in Coconut Grove for over 5 years, we know the market here inside and out.  If you are interested in buying or selling real estate in Coconut Grove and would like to set up a no pressure consultation, please feel free to contact The Riley Smith Group at 305-342-1623 or send us a message here.