L’Hermitage Market Update
L’Hermitage is a gated community located at 2000 South Bayshore Drive in North Coconut Grove. It is a wonderful place to live and residents enjoy the fact that it offers the benefits of condo living with the space and feel of a single family home. The grounds are meticulously maintained and amenities include tennis courts, pool, 24 hour gated security, access to the ocean and boat dockage. About half of the villas in L’Hermitage have been updated, maintenance fees run about $1,000 a month.
There are 75 residences total in L’Hermitage and only 7 on the market for sale.
Take a look at Unit 11 which is priced at $949,500 and features 3 bedrooms, 3.5 baths, 2 car garage and has been completely remodeled.
Another great property is Unit #33 (pictures below) which offers views of the Bay, 3 bedrooms, 3.5 baths, 2 car garage and has also been completely renovated. It is priced at $1,499,000.
There have been 3 closed sales in the past 6 months in L’Hermitage.
- 4 bedroom which sold for $1,129,000
- 5 bedroom which sold for $800,000
- 4 bedroom which sold for $860,000
The value of each unit in L’Hermitage varies greatly depending on location within the community, quality/amount of renovation and size. It is due to these factors that we see such large differences in sales price.