Cloisters On The Bay – Market Report
Cloisters On The Bay is a gated community of 40 villas in the heart of downtown Coconut Grove. The community is waterfront although only a few villas have water views. The amenities at The Cloisters include a heated pool, tennis court, club house and a 24 hour security guardhouse.
There have been two closed sales this year. The first was Unit 518, a 4 bedroom, 4 bath with 5,860 square feet of living space and sold for $1,350,000 ($230.00 psf). This unit sold for $2,150,000 back in 2002.
The second Unit sold this year was Unit 1135 a short salewhich featured 3 bedrooms, 3 baths with 5,822 square feet of living space and sold for $1,000,000 ($171.00 psf).
The most expensive on the market is Unit #622 (above) priced at $2,990,000 which features direct bay views, a master suite, impact resistant doors and windows, rooftop terrace plus more. Broker is Avatar.
Probably the best deal in The Cloisters right now is Unit #205 (above) priced at $1,395,000 asking $246.00 per square foot. This unit has the lowest price per square foot in the community and features 5,664 square feet of living space with 4 bedrooms/4 baths. Broker is EWM.
If you have the luxury of time, check out the two short sales in The Cloisters. Units 204 and 1137 are both priced at $1,350,000 and feature 4,500 square feet of living space with 3 bedrooms and 4 baths. Broker is EWM for both.
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.