If you want to be able to enjoy views of Biscayne Bay then buying a condo is a much more affordable option than purchasing a waterfront single family home. Single family homes in Coconut Grove with direct views of Biscayne Bay start at $3,000,000 and go up. Whereas, you can have the same view from a condo on South Bayshore Drive or Grove Isle for under $1,000,000.
During 2014 we have seen 10 Coconut Grove condos go under contract and 5 condos sold. Some of the most notable sales were Unit 2101 at The Ritz Carlton which garnered $594.00 per square foot (Sale Price: $1,700,000) as well as Unit 404 at Grove Hill Tower which went under contract within days of coming on the MLS and closed for a sale price of $1,250,000.
We have a strong history of selling condos in Coconut Grove. Please contact us if you are interested in learning more about what is for currently for sale. If you own a condo and are considering selling, please contact us at 305-342-1623.