The Real Estate Coconut » Coconut Grove Gated Communities

3811 Wood Avenue – Great Value In Coconut Grove Gated Community

Riley Smith — Tue, 31 Jan 2012 15:34:21 +0000

My listing located at 3811 Wood Avenue in Ye Little Wood is one of the best values in a Coconut Grove gated community. Take a look at the spreadsheet below which shows the “price per square foot” figures for all homes in gated communities in the Grove. The house is completely updated with impact windows and doors, a beautiful patio and pool area, upstairs master suite, full guest suite with kitchen as well as a separate maid’s quarters. The home offers 6 bedrooms, 6 full baths, 2 half baths with 7,286 square feet of living space on a 19,500 square foot lot. List price is $2,000,000. View more photos of 3811 Wood Avenue here.

We are holding a Brokers Open house at the home tomorrow (Wednesday, February 1st) from 12:00 to 2:00. Any interested buyers are welcome!

The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly. If you are interested in buying or selling I would be happy to meet with you for a no pressure consultation. Call me on my cell at 305.342.1623 or send me a message here.

Coconut Grove Gated Communities Sees 100% Increase In Sales

Riley Smith — Thu, 22 Dec 2011 15:35:10 +0000

Activity in Coconut Grove’s gated communities doubled in 2011. The sales were distributed between Ye Little Wood, The Moorings, Four Way Lodge Estates, Treasure Trove, Entrada Estates and Camp Biscayne. Waterfront homes in gated communities sold for a median price of $4,000,000 or $521.00 per square foot. The non-waterfront homes in gated communities sold for a median of $1,500,000 or $307.00 per square foot. Most of the homes that traded under $2,000,000 in gated communities needed a significant amount of work.

I am in town and working over the holidays, if you would like to set up a listing or buyer consultation please contact me directly at 305-342-1623.

L’Hermitage, Coconut Grove Market Update

Riley Smith — Tue, 29 Nov 2011 17:22:20 +0000

With just three closed sales this year, the real estate market has been fairly slow in the gated community of L’Hermitage. The good news is that two units went under contract this month; first is our listing which was priced at $899,000 and second was Jo-Ann Forster’s listing priced at $749,900.

Now that those two villas have been snapped up, the remaining inventory is all priced over $1,000,000. Asking prices currently range from $1,050,000 and go all the way up to $2,295,000. The villa with the lowest “asking price per square foot” is #63 which is listed for $1,075,000. Click here to view villas currently for sale in L’Hermitage.

To stay updated with all Coconut Grove real estate information, receive my blog posts via email by subscribing here. Once you register, you must activate the subscription in a followup email.

When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly. If you are interested in selling your home I would be happy to give you a no pressure home valuation. Call me on my cell at 305.342.1623 or send me a message here.

Longview In Coconut Grove – No Sales Since 2005

Riley Smith — Thu, 03 Nov 2011 17:52:37 +0000

It is rare to find a community that doesn’t have at least a few homes turn over every couple of years. However in the gated community of Longview there hasn’t been a home placed on the market or sold since 2005. It is safe to say that the next home to hit the MLS in there will garner quite a buzz.

Longview, just like many of the plots of land along Bayshore Drive, is situated between South Bayshore Drive and Tigertail Avenue giving it an extra point of ingress and egress. Many of these pieces of land actually used to run all the way down to Biscayne Bay.

Longview was originally the home of Alfred Whitting but in the 1930’s was sold to philanthropist W.T. Grant. In 1937 Mr. Grant donated Longview to the University of Miami and it became the President of UM’s home for the next 37 years. It was the scene of many of the University’s social and ceremonial functions.

Today, Longview consists of 10 luxury two-story villas. Common areas of Longview include a 60 foot pool with waterfall and tennis court. It is a great combination of today’s luxury mixed with the charm of yesterday’s Coconut Grove.

Homes For Sale Near Coconut Grove’s Village Center

Riley Smith — Tue, 25 Oct 2011 16:48:57 +0000

I have had quite a few buyers lately who were looking to purchase property within walking distance to Coconut Grove’s village center. Just this year we have sold two units in Yacht Harbour, one villa in The Cloisters, one in Grove Square and one in Cocostyle all of which were just steps away from the movies, restaurants, cafes and shops of Coconut Grove. Buyers certainly see value in properties that are walkable. In fact, many home search websites (including ours) give a “walk score” on every home to help buyers determine how close they are to a city center.

Below is a list I have prepared of the current homes for sale located within the heart of Coconut Grove’s downtown village:

High Rise Condos: The Ritz Carlton, Yacht Harbour, Grove Tower, The Sonesta and The Mutiny.
Low-Rise Condos: Grove Garden, Rice 3333, Grove Square and Lofts At Mayfair.
Luxury Villas and Townhouses: The Cloisters and Abitare.

Even if you don’t live in the heart of the village you can walk to Coconut Grove’s downtown district in about 20-30 minutes from any location in the Grove. I live in the South Grove and we try to walk or bike into town several times a week whether its on the weekends for breakfast or happy hour at Scotty’s.

Best Deal In A Coconut Grove Gated Community

Riley Smith — Fri, 30 Sep 2011 15:10:23 +0000

Above is a spreadsheet of all of the single family homes that are for sale in gated communities in Coconut Grove. As you can see, the home that I have listed in Ye Little Wood at 3811 Wood Avenue is by far the lowest “price per square foot” of all of the homes. This home offers many special features including a grand winding staircase, vaulted white wood ceilings, travertine and wood floors, custom cabinetry, impact windows and french doors as well as a full guest suite with bedroom, bath, kitchen and fireplace. The home also offers a separate maids quarters/exercise room. Click here for a photo tour of the property.

Ye Little Wood is located in the south Grove just steps from the Grove village center, and includes 33 single family homes nestled along a winding tree lined street. Interested in more information on Ye Little Wood, here is a link to the community’s association website.

The Moorings In Coconut Grove Sees A Slowdown In Activity

Riley Smith — Tue, 30 Aug 2011 13:24:06 +0000

Last year activity in the gated community of The Moorings was very high. There were 8 homes that came on the market and 5 homes that sold which is a lot of activity for such a small community. With much of the inventory selling last year and not much new for sale in 2011 their market has significantly slowed down.

There are currently 3 homes on the market in The Moorings and there have been 2 homes sold. The first home offered 4 bedrooms, 4 baths with 5,037 square feet of living space and sold for $1,675,000 ($332.00 per square foot), and the second property sold for land value at a price of $960,000 ($82.00 per square foot of land). This land sale is a good comparable for other land in gated communities. Both of these properties were listed by Jo-Ann Forster of EWM Realtors.

Coconut Grove vs. Coral Gables…Which Area Is More Expensive?

Riley Smith — Tue, 23 Aug 2011 13:53:44 +0000

I get asked all of the time which area is more expensive, Coconut Grove or Coral Gables? In my opinion, you seem to get a little less for your money in the Grove. Here is a comparison between two recent homes that sold for $2,000,000 on similar quality streets in the Grove and the Gables. Of course, one reason for the difference is that as a whole, the Grove is closer to downtown, Key Biscayne, Brickell and the water. Also, there are far less properties for sale in the Grove so the laws of supply and demand keep it higher than in the Gables.

3740 De Garmo Lane sold for $1,993,900. It offered 4,500 square feet of living space on a 11,138 square foot lot with 5 bedrooms, 5 baths. Located in the gated community of De Garmo Estates. The home sold for $438.00 per square foot.

133 Rosales Court sold for $2,000,000. It offered 5,224 square feet of living space on a 15,971 square foot lot with 5 bedrooms, 4 baths. Located in the gated community of Cocoplum. The home sold for $382.00 per square foot.

Best Deal For Waterfront Home In Coconut Grove

Riley Smith — Fri, 12 Aug 2011 12:41:28 +0000

This villa just came on the market in L’Hermitage, it is a 3 story townhouse that offers open bay views. If you are looking for a waterfront property but can’t afford something in the single family market, then this may be a very good option for you. Prices for bayfront single family homes are priced well over $5,000,000 however this villa in L’Hermitage is listed for $2,295,000. The home offers 3 bedrooms, 3.5 baths, 2 car garage, 2 car carport, elevator as well as impact glass and doors. For more photos click here. The property is courtesy of Judy Zeder of EWM.

Low Inventory In The Cloisters, Coconut Grove

Riley Smith — Thu, 11 Aug 2011 13:40:54 +0000

With only 3 villas currently on the market in The Cloisters, the supply is the lowest I have seen in a very long time. There have been 3 sales so far this year and it is possible that all of the inventory could be gone by the end of 2011 if nothing new comes on the market. The most recent sale in The Cloisters occurred back in June; it was a beautiful bay-front unit which went for $2,600,000 (sold by Avatar).

To view villas in The Cloisters for sale, click here.

To view all villas in Coconut Grove, click here.