With weather like today I am itching to get out on my boat and enjoy the best part of what Miami has to offer….the water! On that note, here is a recap of the waterfront homes that were sold in 2011. There were a total of 8 closed waterfront sales in Coconut Grove during 2011. These consisted of both direct bay front homes as well as homes located on canals. The average waterfront sale traded for $4,079,000 or a median of $3,100,000. The highest sale was 3500 Curtis Lane which sold for $13,419,495. This home had direct water views and was located on more than 2 acres of land. Listed by One Sotheby’s. View photos here.
Perhaps the best waterfront deal was in the gated community of L’Hermitage. Although most of the villas in L’Hermitage are attached, Unit #32 was a stand alone home and offered direct bay views. This particular unit came with a deeded dock space and sold for $1,650,000. The buyers got an incredible deal. Listed by Coldwell Banker. View photos here.
Another property worth noting was 3835 Carole Court. This house was a contemporary style new construction located on a canal. It was a spec home which turned into a short sale listed for $4,895,000 and sold for $4,350,000. There was a vacant lot to the left of the house which allowed you to see Biscayne Bay from the master bedroom (see photo above), however as soon as somebody develops the lot some of the Bay views will be diminished. Listed by Avatar. View photos here.
In 2011 waterfront homes in the Grove sold 15% off of their list price which is 5% more than what you see in the rest of the Grove.
Stay tuned for Monday’s post….2011 Coconut Grove Real Estate Year In Review!
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I am a Coconut Grove real estate specialist. I have sold the most number of homes in Coconut Grove in 2010 and 2011 than any other agent in town. If you would like to schedule a buyer or seller consultation with me, please feel free to contact me on my cell at 305-342-1623.