Coconut Grove Gated Communities Category
2015 is turning out to be a great year for ultra-luxury homes in Coconut Grove. Last week the news broke that LeBron's $15,000,000 mansion went under contract, and just yesterday a home in Hughes Cove closed ABOVE asking price for $12,850,000 (asking price was $11,900,000). 3310 Devon Court had been on and off the market since 2012, starting at an initial asking price of $12,900,000. It is very likely that the purchase included furniture and artwork which pushed the sale...Continue Reading!
Something must be in the water in Coconut Grove; 3 listings priced over $8,000,000 have gone under contract in the past 30 days. This is great news for the Coconut Grove real estate market because it is evidence that luxury home buyers see value here. There has been one other ultra-luxury home sale so far in 2015, 3505 Main Lodge Drive in Camp Biscayne closed for $11,000,000. To give you an idea of how important these new sales are, last year...Continue Reading!
I have seen years go by without any turnover in the gated community of Camp Biscayne which is why it is surprising that there have already been 2 sales closed so far this year. The first was 3505 Main Lodge Drive which sold for a whopping $11,000,000 back in March. This was a spectacular bay-front estate offering 8,138 square feet of living space on 1.5 acres of land. And yesterday, 3120 Monroe Drive came across the wire at a sale price...Continue Reading!
One of the first things that many buyers (especially out of town clients) tell me is that they want to buy in a Coconut Grove gated community. They feel more comfortable knowing that they have an added level of privacy and security. Unfortunately I have to break the news to them that with just 15 homes for sale , the inventory in our gated communities is extremely low. It is interesting to look at the average asking prices compared to the...Continue Reading!
Investing in Coconut Grove's gated communities is a very wise decision because these homes offer an additional level of privacy and security which will always be in demand. Here is information on the best investment in a Coconut Grove gated community today. 3451 Poinciana Avenue in Four Way Lodge Estates is the lowest "$/Square Foot" for a home in a Coconut Grove gated community. It is listed for $387.00/square foot or $1,499,000. This is an architecturally distinctive home offering a large amount...Continue Reading!
The home located at 3505 Main Lodge Drive in the exclusive gated community of Camp Biscayne has just closed for $11,000,000. This is the highest sale price for a single family home in Coconut Grove in over 4 years. This incredible waterfront property was built in 1926 and designed by acclaimed architect George Fink. The house was completed in a Mediterranean Revival style of architecture and offered 6 bedrooms, 6 bathrooms, 8,138 square feet of living space on a 70,000...Continue Reading!
We recently listed a spectacular home in the gated community of The Moorings. Located at 3431 North Moorings Way, this home was built in 1936 and has been masterfully updated with the finest finishes and attention to detail. Some of the special features of this home include vaulted, wood beamed ceilings, an expansive light filled great room which opens to the pool and tropical gardens, custom millwork, impact glass and an elegant, top-of-the-line island kitchen. 3431 North Moorings Way has been...Continue Reading!
We have just listed a home in the sought-after gated community of De Garmo Estates in Coconut Grove. De Garmo Estates dates back to the early 1900's when iconic architect Walter C. De Garmo built his own personal residence on the property. De Garmo was a Cornell graduate who moved to Coconut Grove in 1903. He was the first registered architect in Miami and a protege of John Russell Pope who built the National Gallery Of Art and the Jefferson...Continue Reading!
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...Continue Reading!
Inventory levels in The Moorings last year were very low which resulted in a total of just 3 sales for 2014. Not surprisingly, the homes that got snapped up were all listed under $3,000,000. These properties were a great opportunity to get into a Coconut Grove gated community at that price point. As of today, there are 4 homes listed for sale and prices start at $4,450,000. Many have been on the market for over 6 months. The newest home to...Continue Reading!