Archive for the 'What is selling in Coconut Grove?' Category
Recent Activity In The Coconut Grove Real Estate Market
February 4th, 2010 categories: What is selling in Coconut Grove?
Here are the closed sales since January 22, 2010, my last update.
| Address: | Bds/Bths: | List Price: | Sale Price: |
| 4120 Crawford Avenue | 3/3 | $850,000 | $752,500 |
| 3 Grove Isle Drive | 2/2 | $709,000 | $640,000 |
| 3633 Poinciana Avenue | 3/3 | $520,000 | $520,000 |
| 1817 Wakeena Drive | 2/1 | $240,000 | $235,025 |
Here are pending sales this week in Coconut Grove.
| Address: | Bds/Bths: | Sq. Ft. | List Price: |
| 3265 Coacoochee Street | 3/3.5 | 2,898 | $829,000 |
| 3750 Charles Terrace | 2/1 | 821 | $59,900 |
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7 Closed Sales In Coconut Grove This Week!
January 22nd, 2010 categories: What is selling in Coconut Grove?
There have been 7 properties to close this week in Coconut Grove making it the most active week in 2010 so far.
| Address: | Bds/Bths | Size: | Sale Price: |
| Lofts At Mayfair (Condo) | 2/2 | 1,053 | $285,000 (foreclosure) |
| 2753 West Trade Avenue (Townhouse) | 3/2.5 | 1,776 | $352,000 (short sale) |
| 3144 McDonald Avenue (Townhouse) | 3/3 | 2,338 | $405,000 (foreclosure) |
| 3 Grove Isle Drive (Condo) | 2/2 | 1,642 | $400,000 |
| 4131 Hardie Avenue | 3/2 | 1,438 | $396,300 |
| 3800 La Playa Boulevard | 3/2.5 | 2,331 | $700,000 |
| 3750 Frantz Road | 4/4.5 | 3,449 | $950,000 |
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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Foreclosure On Wakeena Drive Is Finally Pending
January 20th, 2010 categories: What is selling in Coconut Grove?
There are two types of foreclosures in Coconut Grove. The first kind has an agent which prices the property way below market value and has realtors lining up to get their clients in. This kind usually ends up in a bidding war. The second type of foreclosure has an agent who either doesn’t know the market or wants to do right by the bank and prices it above market value, in which case it sits on the market and goes through several price reductions. Since all foreclosures are not priced to sell, buyers really need the help of a local agent to differentiate the good deals from the bad ones.
The house located at 1817 Wakeena Drive falls into the latter category. The house sat on the market for over 5 months and had 4 price reductions – it finally went under contract this week.
Details of 1817 Wakeena Drive:
- List Price: $240,000
- 1,635 square feet of living space
- 5,500 square foot lot
- 3 bedrooms, 2 baths (2 bedrooms, 1 bath per tax rolls)
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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Poinciana Avenue Flip Sells
January 19th, 2010 categories: What is selling in Coconut Grove?
4066 Poinciana Avenue was purchased in July of 2008 for $390,000. The owners renovated the house and put it back on the market priced at $599,000 then reduced it to $549,000. They closed last week for $525,000.
Details of the house include:
- 3 bedrooms, 2 baths
- 1,493 square feet of living area
- 6,000 square foot lot
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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Welcome To Bougainvillea Road
December 30th, 2009 categories: What is selling in Coconut Grove?
Today my listing on Bougainvillea Road closed for $1,250,000, which is $281.00 per square foot. It was fair market value for a house that was built in 2001 and needed some updating.
Once we reduced the price to $1,399,000 we started to see quite a bit of action on the property and these particular buyers came to see it 3 times in the same day (a clear indication that they had found “the one”). On the final showing at 8:00 pm on a Friday night I pulled out all my tricks including champagne and music. They made an offer the next day.
As is the case with most transactions, we had many hurdles to jump through in getting the deal done but lucky for us all parties were extremely cooperative.
Since I live next door I am thrilled to welcome this new family to our street and neighborhood, I hope they enjoy it as much as we do!
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Another Listing Under Contract
December 27th, 2009 categories: What is selling in Coconut Grove?
My listing on Kumquat Avenue in South Grove went under contract over the holidays. It was on the market for less than two months.
Details:
- Asking Price $500,000
- 3 bedroom, 2 bath
- 1,674 Square Feet Living Area
- 7,400 Square Foot Lot
You may also be interested in: Buyer Activity Is Up, Listing Activity Is Down In Coconut Grove Real Estate
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2 New Construction Homes In Coconut Grove Sold
December 21st, 2009 categories: Coconut Grove Real Estate, What is selling in Coconut Grove?
There were two new construction sales this week in Coconut Grove. They add to the list of the many $1,000,000+ sales Coconut Grove has seen in the 4th quarter of 2009.
I represented the buyers for the sale on 1666 Micanopy Avenue. It closed today for $1,440,000.
Details of the house include:
- 4,777 square feet of living area
- 7,500 square foot lot
- 5 bedrooms, 5.5 baths
- Sold for $301.00 per square foot
The second house is located on 1770 Espanola Drive which sold for $1,450,000. It came on the market in 2007 while it was still under construction. I showed the house to many clients over the years and had one client make an offer last month but it was beat out by the current buyers.
Details of the house include:
- 4,723 square feet of living area
- 7,000 square foot lot
- 6 bedrooms, 5.5 baths
- Sold for $307.00 per square foot
If you are interested in buying or selling real estate in Coconut Grove give me a call at 305.342.1623 or send me a note here.
You may also be interested in: New Construction Sale On Tigertail Avenue, Another Real Estate Coconut Success Story, and “I Need Room To Negotiate” A Myth Of Sellers
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High End Real Estate Is Selling In Coconut Grove!
December 1st, 2009 categories: What is selling in Coconut Grove?
If you keep up with the blog you will remember that the $1,000,000+ market was pretty much dead in Coconut Grove at the beginning of the year.
That has certainly changed in the 4th Quarter since almost 50% of Coconut Grove’s closed sales have been over $1,000,000 which means that higher end buyers are finally re-entering the real estate market here in Coconut Grove.
Yesterday alone two homes sold over $1,000,000.
The first was located at 1780 Espanola Drive in North Coconut Grove. Amazingly, this house has sold and re-sold within the past 2 years. The home was purchased in August of 2008 for a price of $2,000,000, was put back on the market in June of 2009 and closed yesterday for a sales price of $1,910,000. The home was built in 2007 and featured 5,204 square feet on the interior, 6 bedrooms, 7 baths on a 10,500 square foot lot. The sales price per square foot is $367.00.
The second home was located at 3810 Frantz Road in South Coconut Grove. The owners had it on the market since January of 2009 their asking price was $1,650,000 and it sold for $1,375,000. It was built in 1995, featured 5 bedrooms, 4 baths, 5,141 square feet of living space on a 9,700 square foot lot. The sales price per square foot is $267.00.
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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South Coconut Grove Foreclosure Is Under Contract In Less Than A Week
November 19th, 2009 categories: What is selling in Coconut Grove?
Just as I predicted, the foreclosure I wrote about last weekend got snapped up in a matter of days. It officially went pending today.
I took several clients over to see the house but they all decided that it was more of a “project” than they were hoping for.
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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Short Sale on Justison Road Closes in Good Time
November 12th, 2009 categories: What is selling in Coconut Grove?
As far as short sales are concerned this listing on Justison Road closed quickly – about 3.5 months. I had the listing back in 2008 priced at $799,000, and it closed last week for $700,000.
The house was a little choppy on the interior and needed updating, but was located on a beautiful lot and had great bones.
Considering the average for short sales so far this year is $256 per square foot, (the average for non-distressed sales of Coconut Grove is $260 per square foot) the buyers got a great deal on this home.
Details:
- 4 bedrooms, 4 baths
- 2,937 square feet of living space
- 9,514 square foot lot
- Sold at $238 PSF
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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