Luxury Market Going Strong In Coconut Grove | 2 Recent Sales Over $7,000,000

The luxury market in Coconut Grove continues to perform well in 2017. In just the past 14 days we have seen 2 sales over $7,000,000 come across the wire.

4020 Kiaora Street | Sale Price: $7,500,000

4020 Kiaora Street represents the highest sale price for a non-waterfront home in Coconut Grove ON RECORD (not only was it a dry lot, but it was not even located in a gated community!). 4020 Kiaora Street offered 13,898 square feet of living area on a beautiful 36,652 square foot lot with 8 bedrooms, 9.5 baths. Kiaora Street is one of the most highly sought after streets in Coconut Grove and one of the reasons this home was able to command such a high price. Listing agent was Ben Moss of Compass Realty (At $539.00/square foot, the property did not beat the highest “Sale Price/Square Foot” on record for a non-waterfront home which occurred earlier this year in at 3503 Banyan Circle – in Camp Biscayne – for $818.00/square foot).

3604 Matheson Avenue | Sale Price: $7,550,000

This sale also broke a record, as it is the highest sale this year in Coconut Grove for a new construction home. Completed in 2016, 3604 Matheson Avenue is a modern, waterfront home located in the gated community of Entrada Estates. The property offered 9,800 square feet of living space with 6 bedrooms, 6.5 baths. Some of the special features included: high-end designer finishes, 1 bedroom/1 bath guest house, private dock, community tennis court and 24 hour security. Listed by Silvia Boschetti of BH Realty.

Coconut Grove has closed over $200,000,000 in single-family homes year to date which already surpasses the total volume sold in 2016.

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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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