Land On Kirk Street Sells For $93.00/Square Foot

Kirk Street, Coconut Grove

Today I wanted to let you know about an important sale in the North Grove. A 7,515 square foot lot located at 3012 Kirk Street has just closed for land value at $93.00/square foot. This price is well above where we have seen land trade in the past 6 months in this area. (Broker was One Sothebys)

Due to the rising price of new construction homes, developers are willing to pay a little more for land than they have in the past.  Just last year I would say that a similar lot in the North Grove would have sold for $60.00 – $70.00/square foot.

It is great news for North Grove residents that investors continue to bank on the neighborhood.

We have been the #1 Top Producing Realtors in Coconut Grove for 7 years and know the market inside and out. If you would like to buy or sell real estate in Coconut Grove, please contact us at 305-342-1623 or send us a message here.