So far this year there have been 3 waterfront single family homes sold in Coconut Grove. The first was the record setting sale on Curtis Lane for $13,419,495 (listed by Jorge Uribe), the second was a short sale on Carole Court which sold for $4,350,000. This home was located on a waterway/canal but had open bay views from the master bedroom (listed by Toni Shrager). The third waterfront home that sold this year occurred in North Coconut Grove at 1814 South Bayshore Lane. This was a completely remodeled 3 story home with views of the bay and Grove Isle. The home sold for $2,000,000 (listed by Cecilia Samaja).
Right now Coconut Grove has a broad spectrum of waterfront homes for sale. There are 11 on the market which range from a canal-front home priced at $1,890,000 and go all the way up to a stunning estate on Stewart Avenue priced at $15,900,000.
The average “bayfront” home for sale in Coconut Grove is asking $10,616,000 (or $977.00 psf) while the average “canalfront” home for sale in Coconut Grove is asking $2,519,000 (or $597.00 psf). As you can see, there is quite a difference in price point between the two.
If you are interested in buying or selling real estate in Coconut Grove and are looking for an experienced real estate agent please do not hesitate to contact me at 305.342.1623 or send me a message here.
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