Archive for the 'Gated Communities' Category
Unapproved Short Sale In The Cloisters Is Back On The Market
September 1st, 2010 categories: Buying Real Estate in Coconut Grove, Gated Communities
An unapproved short sale in The Cloisters came back on the market today at a new price of $1,000,000. To view photos and information click here. If you could get this unit for under $1,000,000 it would be the lowest priced sale all year.
Other 2010 sales in The Cloisters include:
- Unit 1136 for $1,295,000
- Unit 1033 for $1,475,000
- Unit 414 for $1,400,000
- Unit 102 for $1,198,500
I have handled many short sale transactions for my clients and know the ins and outs of the process. If you are interested in viewing this property or any others in Coconut Grove please don’t hesitate to contact me at 305.342.1623 or send me a message here.
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What Is The Best Buy In The Cloisters?
June 7th, 2010 categories: Gated Communities
Because of its visibility and proximity to the center of town I get asked all of the time about the real estate market in The Cloisters.
Currently there are 4 units for sale ranging from $1,700,000 (very overpriced in my opinion) all the way down to a short sale which is listed at $1,175,000. Prices typically vary depending on the location within the community, whether or not the floorplans have been modified, and whether they face north or south. Although the short sale is the least expensive, I feel that Unit 1204 (priced at $1,499,000) has the potential for being the best deal on the market.
There have been 2 villas to close all year, Unit #404 which sold for $1,400,000 and Unit #1033 which sold for $1,475,000. Unit #1136 has been under contract since March but has not closed yet.
If you would like to see photos and information of what is currently on the market in The Cloisters please click here. If you are interested in buying in The Cloisters and would like my insider knowledge please don’t hesitate to contact me, I would like the opportunity to work with you.
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The Cloisters Is Hot!
March 30th, 2010 categories: Gated Communities
I have written several offers for my clients in The Cloisters over the past few months. It seems that everyone is finding value in this exclusive gated community, there have been 2 units to go under contract in March and 1 unit to close this year. This is a lot of activity considering there are only 40 units in the entire complex (2 units sold last year).
With the current closed and pending sales, we are left with only 3 properties currently on the market in The Cloisters. To view photos and more information on them, click here. If you are interested in purchasing a unit at The Cloisters, please don’t hesitant to contact me. I am extremely familiar with what is on the market in here and would be happy to work with you.
Sold In The Cloisters 2010
The Cloisters, Unit 1033 was a gorgeous unit, completely updated and in perfect condition. I wrote about the property back in 2009 and touted it as the “The Best Unit On The Market In The Cloisters”. The sellers were asking $1,595,000 and it sold for $1,475,000.
Pending In The Cloisters 2010
The Cloisters, Unit 1136 which was a unit that needed built out but had great potential. I didn’t have the buyer for this unit but I have shown it many times and know that whoever the buyers are they are getting a good deal. List Price was $1,599,000.
The Cloisters, Unit 414 which was another one of my favorite units in The Cloisters. It had been designed and upgraded with extreme attention to detail. List Price was $1,450,000.
I will keep you posted on the sales prices for these units!
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L’Hermitage Market Update
March 22nd, 2010 categories: Gated Communities, Townhouses
L’Hermitage is a gated community located at 2000 South Bayshore Drive in North Coconut Grove. It is a wonderful place to live and residents enjoy the fact that it offers the benefits of condo living with the space and feel of a single family home. The grounds are meticulously maintained and amenities include tennis courts, pool, 24 hour gated security, access to the ocean and boat dockage. About half of the villas in L’Hermitage have been updated, maintenance fees run about $1,000 a month.
There are 75 residences total in L’Hermitage and only 7 on the market for sale.
Take a look at Unit 11 which is priced at $949,500 and features 3 bedrooms, 3.5 baths, 2 car garage and has been completely remodeled.
Another great property is Unit #33 (pictures below) which offers views of the Bay, 3 bedrooms, 3.5 baths, 2 car garage and has also been completely renovated. It is priced at $1,499,000.
There have been 3 closed sales in the past 6 months in L’Hermitage.
- 4 bedroom which sold for $1,129,000
- 5 bedroom which sold for $800,000
- 4 bedroom which sold for $860,000
The value of each unit in L’Hermitage varies greatly depending on location within the community, quality/amount of renovation and size. It is due to these factors that we see such large differences in sales price.
Click here to see all properties currently for sale in L’Hermitage, Coconut Grove.
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Land In “The Moorings” Sells For $70.00 Per Square Foot
March 16th, 2010 categories: Gated Communities
A 17,820 square foot lot in The Moorings closed yesterday at a price of $1,250,000. The property sold for $70.00 per square foot. Other land (not in a gated community) in Coconut Grove is selling at $30.00 per foot. Since there are very few variables when it comes to land other than location it is easy to see the value placed on being in a gated community. In this case, the buyers were willing to pay more than double.
If you are interested in buying or selling real estate in Coconut Grove and are looking for a Grove specialist, please contact me at 305.342.1623 or send me a note here.
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The Moorings, February 2010 Market Update
February 16th, 2010 categories: Gated Communities
Update: Another new listing in The Moorings came on the market today, see pictures and information here.
3301 South Moorings Way | List Price: $14,900,000
Last month two new listings came on the market in the exclusive gated community of The Moorings. The first is a $14,900,000 waterfront property listed by Avatar and located at 3301 South Moorings Way. The home features 6 bedrooms 6 baths with 10,488 square feet on a 27,516 square foot lot with 153 of water frontage. The home was completed in 2007.
The second listing also came on the market in January but went under contract in 9 days. It was listed for land value at $1,289,000 with a lot size of 17,820 square feet. The address is 3400 South Moorings Way. Broker was Coldwell Banker.
3462 North Moorings Way | List Price: $$2,290,000
There are 3 other properties for sale in The Moorings. The first is 3462 North Moorings Way currently priced at $2,290,000. It has been on and off the market since 2008 and was originally priced at $2,997,000. The current owners purchased the home in 2005 for $2,500,000. Broker is GI Properties.
3835 North Moorings Court | List Price: $2,195,000
The second home still on the market is 3835 North Moorings Way which is priced at $2,195,000. This home has been partially completed and the builder/owner will complete the home to suit the buyer’s needs. It is a 2 story, classic french manor with 5 bedrooms, 4 baths on a 12,464 square foot lot. It has been on the market for about a year and was originally priced at $2,795,000. The owners purchased the land for $1,000,000 in 2006. Broker is EWM Realtors, Inc.
3885 South Moorings Court | List Price: $3,500,000
The last home on the market in The Moorings is located at 3885 South Moorings Court and priced at $3,500,000. It features 5 bedrooms, 5 baths on an 11,800 square foot lot with 6,288 square feet of living space. The broker is EWM Realtors.
Closed Sales In The Moorings
The two most recent sales in The Moorings were short sales. The first was 3570 South Moorings Way which sold for $3,700,000 and the second was 3574 South Moorings Way which sold for $1,010,000.
If you are looking for an experienced realtor who specializes in Coconut Grove please give me a call at 305.342.1623 or send me a note here.
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Price Reduction Of The Day, Down $750,000
January 8th, 2010 categories: Gated Communities
This waterfront lot in Camp Biscayne (a premiere gated community in Coconut Grove) has just been reduced by $750,000 and is now priced at $7,900,000.
The lot size is 41,124 square feet with 500 feet of waterfront. The lot comes with preapproved plans for a “Green” home with 6 bedrooms and 6 baths.
To stay updated with all of the current Coconut Grove real estate information, receive my blog posts directly to your inbox by subscribing here.
If you are interested in buying or selling real estate in Coconut Grove, please give me a call at 305.342.1623 or send me a note here.
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The Cloisters Market Update
December 10th, 2009 categories: Gated Communities
I was showing several units at The Cloisters yesterday and since I already have the research done I thought I’d post a quick market snapshot.
There are currently 7 units for sale at The Cloisters. They range in price from $1,749,000 to $995,000. Of these, two are unapproved short sales. There have been 2 sales closed this year in The Cloisters (one sold for $1,350,000 and the other for $1,000,000).
In my opinion, the nicest unit on the market in The Cloisters right now is #1033 listed for $1,595,000. It has been updated to perfection. The price was just reduced from $1,750,000.
To see photos and information for all properties for sale in The Cloisters click here.
To stay updated with all of the current Coconut Grove real estate information, receive my blog posts directly to your inbox by subscribing here.
If you are interested in buying or selling real estate in Coconut Grove, please give me a call at 305.342.1623 or send me a note here.
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Only 13 Gated Community Homes Currently On The Market In Coconut Grove
October 28th, 2009 categories: Gated Communities
I currently have a client looking for a home in a gated community in Coconut Grove. Just like other high end properties there is a limited supply right now on the market.
We have a few for sale in Camp Biscayne, one in Hughes Cove, several in The Moorings, one in Treasure Trove, another in De Garmo Estates and a few more in Ye Little Wood.
The “Average List Price Per Square Foot” of these homes is $431.00 and the average List Price is $2,800,000. Although that number seems high, there are 5 properties priced under $2,000,000 and don’t forget about the property I mentioned last week in Ye Little Wood that is priced at $890,000.
Click here to see ALL 13 homes in gated communities that are currently for sale in Coconut Grove.
To stay updated with all of the current Coconut Grove real estate information, receive my blog posts directly to your inbox by subscribing here.
If you are interested in buying or selling real estate in Coconut Grove, please give me a call at 305.342.1623 or send me a note here.
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Ye Little Wood, What Is For Sale?
October 21st, 2009 categories: Gated Communities
There are currently three properties for sale in Ye Little Wood, one of Coconut Grove’s most charming gated communities.
The first home features 4,262 square feet of living space, 5 bedrooms, 5 baths on a 16,533 square foot lot. They are asking $1,995,000. The home was purchased in 2005 for $1,707,200. The List Price Per Square Foot is $468.00.
The second home is great for someone who is looking for a project. The home features 2 bedrooms, 2 baths in the main house and 1 bedroom, 1 bath in the guest house. There is a total of 2,504 square feet of living space and 14,000 square foot lot. I was in the house with the listing agent before she put it on the market and the home has great bones. You could certainly live on the property while you did your renovations. This is a great chance to live in one of Coconut Grove’s gated communities for under $1,000,000. The List Price is $890,000, and they are asking $355.00 per square foot.
Finally, there is a 12,000 square foot piece of land available for $899,000. Although there is surely a premium for being in Ye Little Wood, at $74.00 per square foot of land these sellers will have a difficult time finding a buyer. To give you a reference point, I just sold a 21,600 square foot piece of land on Park Avenue a block away (not in a gated community) for $29.00 per square foot.
To stay updated with all of the current Coconut Grove real estate information, receive my blog posts directly to your inbox by subscribing here.
If you are interested in buying or selling real estate in Coconut Grove, please give me a call at 305.342.1623 or send me a note here.
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