If you are keeping an eye on the market and read my recent report of August sales, you know that the “sale price / square foot” figures over the past few months have been steadily rising. Today I wanted to point out a few single family home sales that closed over $600.00/sq. ft. which are great comparables for the Coconut Grove market. To date, Coconut Grove is averaging $490.00 per square foot.
Check out the significant sales below:
3960 UTOPIA COURT | 4 Bedroom, 4.5 Bath | 3,830 Sq. Ft. | 10,200 Sq. Ft. Lot | Listing Agent: Jo-Ann Forster | Closing Date: September 15, 2020 | Sale Price: $2,950,000 ($718.00/square foot)
What Made This Home Unique: Designed by local architect Max Strang who is known for melding the natural elements of the Grove with a modern design. It is located on a very private South Grove cul=de-sac. The home had also been showcased in the Wall Street Journal and Florida Design.
3630 AVOCADO AVENUE | 4 Bedrooms, 4.5 Bathrooms | 3,597 Sq. Ft. | 7,000 Sq. Ft. Lot | Listing Agent: Jorge Rico | Closing Date: September 7, 2020 | Sale Price: $2,200,000 ($611/square foot)
What Made This Home Unique? This was a newer construction home (2018) priced under $2,500,000 which is a sweet spot in the Grove right now. This listing had a lot of interest as soon as it came on the market and was under contract within 30 days, and closed just 5% off of its’ list price. This home had recently sold just 12 months ago for $1,910,000.
2273 SECOFFEE TERRACE | 2 Bedrooms, 1 Bath | 1,031 Sq. Ft. | 5,000 Sq. Ft. Lot | Listing Agent: Marcelo Fernandez | Closing Date: September 8, 2020 | Sale Price: $680,000 ($659.00/square foot)
What Made This Home Unique: This was a turn-key ready home under $1,000,000 which is hard to find in the Grove and also in high-demand. The reason the “price/square foot” is so high is because the home was fairly small, just over 1,000 square feet. This home was on the market for 3 months before going under contract.