The Coconut Grove home located at 2330 Tigertail Court has been on quite the roller coaster ride over the past few years. Initially priced at $2,500,000 back in 2009, it was later reduced by over a million dollars to $1,200,000. In October of 2012 the status was changed to an “unapproved short sale” and priced at $850,000. It closed this week for a sale price of $645,000 or $143.00 psf.
Even though it is an extremely low price per square foot figure, nearby sellers should not be too concerned about the sale affecting the value of their home. Most appraisers would not consider it a good comp due to the fact that it was a short sale. Anything under $200.00 psf is an anomaly in Coconut Grove. Broker was Keyes Realty.
I am a Coconut Grove real estate specialist. Over the past 4 years, I have earned the distinction of selling the most number of homes in Coconut Grove. If you would like to schedule a buyer or seller meeting with me, please feel free to call me directly at 305-342-1623 or send me a note here.
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