Is There A Ceiling On Non-Waterfront Home Prices?

Right now there are 6 homes in Coconut Grove that are non-waterfront and priced over $5,000,000.  Sellers asking these kind of prices for non-waterfront homes is a relatively new trend in the Grove. There are some markets which have commanded such high prices for non-waterfront homes but it will be interesting to see if these numbers hold up in the Grove. There has not been a non-waterfront home sold over $5,000,000 in Coconut Grove’s history.

The Top 3 Highest Priced Non-Waterfront Homes For Sale In Coconut Grove:

  1. 4100 Kiaora Street | List Price: $11,900,000 | 6 bedrooms, 7 baths | 9,323 square feet of living area | 47,705 square foot lot
  2. 4020 Kiaora Street | List Price: $10,900,000 | 8 bedrooms, 9 baths | 11,611 square feet of living area | 36,652 square foot lot
  3. 1641 South Bayshore Drive | List Price: $9,750,000 | 6 bedrooms, 6 baths | 9,165 square feet of living area | 30,375 square foot lot

The Top 3 Highest Priced Non-Waterfront Sales (all-time) In Coconut Grove:

  1. 3505 South Moorings Way | Sale Price: $4,770,000 | 7 bedrooms, 7 baths | 9,481 square feet of living area | 25,000 square foot lot | Closing date: 2/16/16
  2. 3410 Poinciana Avenue | Sale Price: $4,500,000 | 8 bedrooms, 7 baths | 11,243 square feet of living area | 35,561 square foot lot | Closing date: 12/7/15
  3. 3843 Little Avenue | Sale Price: $4,225,000 | 5 bedrooms, 7 baths | 8,488 square feet of living area | 26,500 square foot lot | Closing date: 6/12/14

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Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 8 years and knows the market inside and out.  If you would like to buy or sell real estate in Coconut Grove, please contact us at 305-342-1623 or send us a message here.
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