Coconut Grove Gated Community 2014 Market Update
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.
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.