Coconut Grove Townhouses Category
The Center Grove townhouse market continues to thrive. We just closed on our listing located at 3094 New York Street for $635,000. It was on the market for just 15 days before we placed the property under contract within 2% of its' asking price. This townhouse was built in 2008 and offered porcelain tile, wood floors, 10' ceilings, California closets, an upstairs loft area and multiple balconies. The European style kitchen opened to a spacious family room. French doors lead...Continue Reading!
We just closed on another townhouse in Coconut Grove! 2919 Coconut Avenue was a Mediterranean style tri-level townhome that offered 1,050 (1,236 per owner's appraisal) square feet of living area and 2 bedrooms, 2.5 baths. The unit sold for $355,000. Although inventory is extremely low right now, this sale is proof that it is still possible to get a great property in the Grove for under $400,000. If you are interested in this price point, there are other similar opportunities currently...Continue Reading!
October 24th, 2014 | categories: Coconut Grove Townhouses
You may remember my recent blog post about the huge opportunity that exists in West Grove right now. Townhouses are valued significantly below those in Center Grove just a few blocks away. However, with all of the development in the West Grove you can bet that it won't be long until prices equalize between the two neighborhoods. We just listed one of the best townhouses you will find in the West Grove. 3094 New York Street sits on a corner lot...Continue Reading!
October 22nd, 2014 | categories: Coconut Grove Townhouses
Most buyers understand that in today's world of real estate it can be very hard to find a "deal". However, the West Grove is a great opportunity if you are looking to get in on an up-and-coming market. We have seen townhouses in the West Grove fetch as high as $695,000, however, the average "price per square foot" figure is still well below townhouses in the Center Grove. Take a look at a few of the newer construction townhouses that have...Continue Reading!
Congratulations to our sellers who recently closed on their townhouse in Coconut Grove for full asking price. The townhouse was located in the highly sought after community of Peppertree Village and offered 2 bedrooms, 2.5 baths with 1,275 square feet of living space. The property sold for $399,000. If you are interested in buying or selling a home in Coconut Grove it is essential to work with someone who knows the numbers and tracks the sales. I have been the #1...Continue Reading!
Some places just have a certain charm about them that makes them very desirable. Peppertree Village is one of those locations. This private community of 11 townhomes is surrounded by lush foliage and located just steps from Coconut Grove's boutiques, galleries, cafes, bay-front parks and marinas. As you enter the gate and walled courtyard of this residence, you are greeted by open living spaces which are flooded with natural light. The home features volume ceilings, an updated eat-in kitchen,...Continue Reading!
It is sometimes hard to grasp how well the market is doing when you hear the latest real estate percentages, averages and trends. But the story of my client who recently sold his Coconut Grove townhouse helps to put into perspective how far the market has come over the past few years. Back in 2009 he came to us looking to buy a townhouse in Coconut Grove. He liked the urban lifestyle of the Center Grove and wanted to be able...Continue Reading!
There was a frenzy over our Coconut Grove townhouse listing at 3177 Florida Avenue when it came on the market. We placed it under contract in a matter of days and closed today for full asking price. Buyers are drawn to townhouses because they are turn-key ready and typically offer more living space than a similarly priced single family home in Coconut Grove. 3177 Florida Avenue was a showcase property that had high-end finishes, light filled interior spaces, volume ceilings and...Continue Reading!
We have just listed one of the largest and widest townhouses in Center Coconut Grove. Located at 3060 Indiana Street, this townhouse has over 3,000 square feet of living space with 3 bedrooms, 2.5 bathrooms and a large pool and patio with plenty of space for entertaining. It was the developer's own unit and offers many upgrades including tray ceilings, recessed lighting, a huge master bedroom, granite counter-tops, wine cooler, spacious eat-in kitchen, walk-in closet and an over-sized shower with...Continue Reading!
In my opinion buyers who are getting financing in Coconut Grove should always use a local lender. At our team meeting today my agents discussed their frustration with those who turn to national banks to secure their financing. The trouble with national banks (particularly in Coconut Grove) is that they don't know the intricacies of our real estate market. For example, the townhouse market requires a unique understanding of our "2 unit condominiums" which share a roof and insurance but don't...Continue Reading!