Keeping you up to date on the luxury market, Villa De Garmo closed recently for $2,737,500.  This makes it the 4th home to sell over $2,000,000 all year.   It is also the highest priced non-waterfront home to sell in 2010.  Details of the home included 7,761 square feet of living space, 6 bedrooms, 6 baths, 19,770 square foot lot, new pool and incredible lushly landscaped grounds.  Broker was Coldwell Banker.

If you are interested in buying or selling real estate in Coconut Grove and are looking for an experienced realtor please do not hesitate to contact me.  I can be reached on my cell phone anytime at 305.342.1623 or you can send me a message here.

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.

Congratulations to my buyers who closed today on this home located at 3679 Frantz Road in South Coconut Grove.  We put the property under contract on August 10th and were able to get it closed in less than 2 weeks.  It was a lovely Old Spanish house with 4,213 square feet of living space on a 9,600 square foot lot.  It featured 7 bedrooms and 5 baths.  The selling price was $1,200,000 ($284 per square foot).

This house is another example of why you need to price your home correctly, it was listed within 10% of its market value and sold in less than a month.

If you are interested in buying or selling real estate in Coconut Grove and are looking for an experienced realtor please do not hesitate to contact me.  I can be reached on my cell phone anytime at 305.342.1623 or you can send me a message here.

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.

After over a year on the market, the home located at 3710 De Garmo Lane in the exclusive gated community of De Garmo Estates is finally under contract.  The list price was $2,975,000.  I will certainly keep you posted as to the sale price!  Congratulations to the owners (who happen to be faithful followers of our blog) and to Laura Mullaney, a good friend of mine.

Homes in Coconut Grove are selling!  In the single family market we have had approximately 15 more closed sales in 2010 comopared to the same time last year.

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.

1624 Tigertail Avenue | List Price: $719,000 | Sale Price: $684,500 | Sale Price Per Sq. Ft. $341.00

3010 Emathla Street | List Price: $1,595,000 | Sale Price: $1,550,000 | Sale Price Per Sq. Ft. $369.00

2440 Lincoln Avenue | List Price: $535,000 | Sale Price: $503,500 | Sale Price Per Sq. Ft. $328.00

If you are interested in buying or selling real estate in Coconut Grove and are looking for an experienced agent please do not hesitate to contact me at 305.342.1623 or send me a message here.

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.

The foreclosure located at 3979 Poinciana Avenue Close Road (in a small gated community in South Grove) sold for $1,000,000 this week.   The home was listed at $989,000 and featured 5 bedrooms, 6 baths with 4,504 square feet of living space on a 10,000 square foot lot.   I showed the house to several potential buyers but they all decided that it needed too much updating.  In fact, I was very surprised to see that someone paid over asking price for it.

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.

If you are interested in buying or selling real estate in Coconut Grove and are looking for a Grove specialist, please contact me at 305.342.1623 or send me a note here.

As we know, the interest rates and down payment requirements for Jumbo Loans are down which may be causing the surge in activity.

PENDING 3462 North Moorings Court (short sale): List Price of $1,800,000 | 5 Bedrooms, 4 Baths | 3,928 Square Feet | 10,800 Square Foot Lot

PENDING 4051 Woodridge Road | List Price of $1,689,000 | 6 bedrooms, 6 Baths | 5,006 Square Feet | 9,380 Square Foot Lot

PENDING 1801 Espanola Drive (foreclosure) | List Price of $1,500,000 | 6 Bedrooms, 7 Baths | 6,546 Square Feet | 21,700 Square Foot Lot

PENDING 4360 Ingraham Highway | List Price of $1,490,000 | 6 Bedrooms, 4 Baths | 3,820 Square Feet | 33,948 Square Foot Lot

PENDING 62 Bay Heights Drive | List Price of $1,299,000 | 5 Bedroom, 3 Baths | 4,339 Square Feet | 17,105 Square Foot Lot.

PENDING 4180 Poinciana Avenue | List Price of $999,000 | 4 Bedrooms, 3 Baths | 3,436 Square Feet | 6,000 Square Foot Lot.

Click here to view the remaining inventory in Coconut Grove in this price range.

A Quick Analysis Of The $1,000,000 to $2,000,000 Market In Coconut Grove: The average “List Price Per Square Foot” is $377.00, while the average “Sale Price Per Square Foot” in 2010 has been $358.00.

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.

The single family home located at 4265 Braganza Avenue in South Coconut Grove went under contract within a matter of days.  I saw the home when it first came on the market and it was in very good condition with a brand new kitchen, new baths, new roof, updated electrical, Elpha shelving throughout and great landscaping.  It was turn-key ready which is something buyers in this price range are looking for.  The home had a compelling list price of $425,000 and closed yesterday for $406.430.

This is a great example for buyers out there who are sitting on the sidelines.  If you wait for every home to become “seasoned” you will definitely miss out on some great opportunities.

Details of the home include:

• 1,298 Square Feet Of Living Space
• 7,865 Square Foot Lot
• 3 Bedrooms, 2 Baths
• Listed by EWM Realtors, Inc.

To view all homes currently for sale in Coconut Grove priced between $400,000 – $600,000 click here.

If you are interested in buying or selling property in Coconut Grove please give me a call at 305.342.1623 or send me a note here.

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 follow-up email.

3330 Crystal Court, Coconut Grove

• List Price: $759,000
• Sale Price: $700,000 ($206.00 psf)
• 4 Bedrooms, 3.5 Bathrooms
• 3,395 Sq. Ft.
• 13 months on the market

2201 SW 28th Street, Coconut Grove

• List Price: $460,000
• Sale Price: $400,000 ($254.00 psf)
• 2 Bedrooms, 2 Baths
• 1,571 Sq. Ft.
• 5 Months On The Market

3085 Calusa Street, Coconut Grove

• List Price: $429,888
• Sale Price: $405,000 ($260.00 psf)
• 3 Bedrooms, 2 Bathrooms
• 1,555 Sq. Ft.
• 6 Months On The Market

259 East Shore Drive, Bay Heights, Coconut Grove

• List Price: $599,000
• Sale Price: $565,000 ($217.00 psf)
• 3 Bedrooms, 2 Bathrooms
• 2,601 Sq. Ft.
• 4 Months On The Market

My clients from the recent post Goodbye Coconut Grove…Hello Virginia closed on their house yesterday on Park Avenue.  We got the house sold in less than a month for them at a sale price of $700,000/$267 per square foot.  They will certainly be missed in Coconut Grove, but we wish them all the best in their new endeavors up north.

If you are interested in a no pressure home valuation, feel free to give me a call at 305.342.1623 or send me a note here.

The property above located at 3528 Bayshore Villas Drive priced at $3,950,000 went under contract yesterday.  This is good news for the luxury home market in Coconut Grove which has been extremely slow recently. The property is listed by Engel and Voelkers.

The property above located at 3825 Poinciana Avenue in South Coconut Grove finally sold after 40, yes 40 months on the market.  A classic example of sellers chasing the market.  Originally priced at $1,749,000, the sellers made 11 price reductions and finally sold for $780,000.  Broker was Ingletto Realty Group.

I had the buyer and the seller for the townhouse located at 3055 Virginia Street (pictured above) which closed last week.  It was a short sale and required an extreme amount of patience by all parties.  The selling price was $260,000.

I had the buyer for another townhouse that closed last week.  The property is located in one of  my favorite spots in Center Grove – The Arboretum. The address is 3153 Peachy Street and the sales price was $475,000.

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 follow-up email.

If you are interested in buying or selling real estate in Coconut Grove and are looking for a Grove specialist, please contact me at 305.342.1623 or send me a note here.