L’Hermitage Market Update
9 Units Currently For Sale At L’Hermitage
There are currently 9 units on the market at L’Hermitage in North Coconut Grove. L’Hermitage is a gated community of 75 luxury villas.
Prices today range from $1,600,000 for a 3,490 square foot unit with 3 bedrooms/3.5 baths and water views all the way down to $890,000 for a 3,490 square foot, 3 bedroom/4 bath unit that needs some upgrading. None of the units currently on the market are in a distress situation.
1 Unit Currently Under Contract At L’Hermitage
A unit just went pending this week which was listed at $1,195,000. It featured 4 bedrooms/3 baths, was totally upgraded, had a small water view, new roof, impact glass and wet bar. The broker was EWM Realtors, Inc.
3 Units Closed At L’Hermitage In 2009
There have been 3 properties in L’Hermitage to close in 2009. The first was a non-distressed 4 bedroom/4 bath unit with 3,717 sq. ft. which closed for $750,000. The last two were foreclosures and sold far below market value. A 5 bedroom/5 bath unit with 4,029 sq. ft. closed for $500,000, and a 3 bedroom/3.5 bath unit with 3,641 sq. ft. closed for $529,000. Both of the foreclosures needed significant renovations.
L’Hermitage features 24 hour security, community pool, tennis court, and bay access.
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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.