Category Archive for ‘Coconut Grove Condos’

Completed in 2016, Grove at Grand Bay was the first new residential condo tower in Coconut Grove in over a decade. Developed by Terra Group and designed by renowned architect Bjarke Ingels, Grove at Grand Bay has earned international recognition for its unique twisting design. Amenities here include a private dining room with private chef, 24 hour concierge, 5 pools, spa, pet-spa and state-of-the art gym. The 3+ acre grounds were designed by Raymond Jungles, and include 460 trees and over 15,000 plantings creating a lush, tropical paradise.

The real estate market at Grove at Grand Bay has been an interesting one. When the towers received their final CO (Certificate of Occupancy), we saw a burst of inventory hit the market. Even though the building was technically livable at this point, they were still in the process of finishing the landscaping, pools, gym, spa and other amenities. This slowed the resale market because sellers were asking over $1,000/square foot and buyers wanted a finished product for that price. But finally, we have started to see a steady increase in the number of sales here. There have been 4 so far in 2017 coming in at an average “Sale Price/Square Foot” of $976.00. Click on the below spreadsheet for more details.

Grove At Grand Bay Closed Sales

As of today there are 30 units for sale at Grove At Grand Bay (18 units in the North Tower, 12 units in the South Tower). There are 98 residences in total, which means that nearly 1 out of every 3 units is on the market. The average “List Price/Square Foot” is $1,168.00 with prices ranging from $1,375,000 up to $12,500,000.

What does the future hold for Grove At Grand Bay? Now that the buildings are finally complete, I believe this winter will be a turning point. The fact that there have been sales higher than $1,000/square foot is a great sign and the coming months are considered Miami’s “busiest selling season” particularly for ultra-luxury condos such as Grove At Grand Bay.

Search all Grove At Grand Bay condos for sale here.

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Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 8 years and knows 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.

The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse information regarding the Coconut Grove Gated Communities, Coconut Grove Waterfront Homes, Coconut Grove Townhouses, Coconut Grove Condos plus much more.

If you follow the Coconut Grove real estate market, you know that prices have risen dramatically over the past 10 years. The average single-family sale in Coconut Grove is well over $1,000,000 and even townhouses in Center Grove are becoming unaffordable for many. I am excited to announce a new project which offers 23 unique residences starting at just $595,000.  glasshaus in the Grove has a modern, minimalist design and features clean lines, bright spaces and walls of glass.  One of my favorite things about glasshaus is that it has the intimate feel of a boutique condo (just 5 residences per floor) but with luxury amenities  that you only find in the larger projects including a rooftop pool with sundeck and cabanas, glass walled fitness center adjacent to the Zen garden, rooftop al fresco dining room with summer kitchen plus secure underground parking with electric car charging station.

glasshaus is located at 3161 Center Street just steps from Coconut Grove’s restaurants, bayfront parks and marinas.

Boutique building in the heart of Coconut Grove:
• Bauhaus inspired design by award-winning European architect and interior designer, Varabyeu Partners
• Views of Biscayne Bay, Coconut Grove and Downtown Miami skyline
• Contemporary lobby with 14’ ceiling
• FOB-controlled access to building and common areas with state-of-the-art video system monitoring
Amenities & Services:
• Attended front desk lobby with security system and controlled access
• Resort style Rooftop Pool & Poolside Cabanas for residents’ use
• Rooftop summer kitchen, alfresco dining area and lounge
• Fitness center adjacent to Zen garden
• Electric bicycles for owner use
• Wi-Fi in public areas
Residences:
• 1, 2 and 3 bedroom residences ranging from 1,080 to 2,380 square feet
• 11’ finished ceilings and floor-to-ceiling windows
• Kitchens with Italkraft® cabinetry and stone countertops
• Kitchen appliance package including panelized refrigerator, wall oven, cooktop, microwave and dishwasher
• Duravit® bathroom fixtures
• Energy Star stacking washer and dryer
• Master suites with separate “his” and “her” closets
• Pet friendly building
• Choice of porcelain, wood or tile flooring throughout interior
Upgrades Available:
• White lacquered cabinets with marble countertops
• Italkraft® closet systems
• Automated and manual window roller shade package for bedrooms and living areas
• Home atomization standard features upgrade, including Nest® Thermostats Wi-Fi controlled system
• Lighting package
• In-unit private security system with Smart Phone capabilities
• Built-in media package with fiber optic wiring

If you have any questions or would like more information, please contact us at 305-342-1623 or riley@rileysmithgroup.com.

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Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 8 years and knows 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.

The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse information regarding the Coconut Grove Gated Communities, Coconut Grove Waterfront Homes, Coconut Grove Townhouses, Coconut Grove Condos plus much more.

Although Grove Isle was built in the late 70’s, its unique location and incredible amenities make it very sought after among buyers. This has remained true despite the multitude of newer condo buildings that have been built over the past few years. In fact, Grove Isle has already had more sales in Coconut Grove this year than all of the other major Grove condo buildings combined (Yacht Harbour, Grovenor House, Grove Tower have had zero sales to date).

Last year, there were 22 sales in Grove Isle which came in at an average “Sale Price/Square Foot” of $427.00.

Recent sales at Grove Isle include:

1. 1 Grove Isle Drive #A1508 | 2 bedrooms, 2 baths | 1,642 sq. ft. LA | Sale Price: $795,000 The Riley Smith Group represented the buyer in this transaction!
2. 1 Grove Isle Drive #A1706 | 2 bedrooms, 2 baths | 1,642 sq. ft. LA | Sale Price: $770,000
3. 1 Grove Isle Drive #A1507 | 2 bedrooms, 2 baths | 1,882 sq. ft LA | Sale Price: $707,130
4. 3 Grove Isle Drive #C907 | 2 bedrooms, 3 baths | 1,882 sq. ft. LA Sale Price: $600,000

Things are only slated to get better at this one of a kind condo community. There are plans in the works for a 4th tower (sales should be launched in the coming days/weeks) and the Grove Isle Club is getting a complete overhaul. In my opinion, you can’t go wrong by investing at Grove Isle, it is a completely unique location that can never be duplicated and values have proven steady over the years despite fluctuations in the rest of the market.

View all condos for sale in Grove Isle here.

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Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 8 years and knows 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.

The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse information regarding the Coconut Grove Gated Communities, Coconut Grove Waterfront Homes, Coconut Grove Townhouses, Coconut Grove Condos plus much more.

Arbor In Coconut Grove | Prices Start At $799,000

I like a trend that I am seeing right now in Coconut Grove which is a push by developers to build more affordable homes. Average prices in the Grove have crept up higher and higher reaching an average of $1,402,528 in 2017. Even the townhouse market which used to be a good alternative for buyers who couldn’t afford a single family home has risen drastically over the past few years, some selling as high as $1,000,000. Despite those figures, the segment of the market with the highest demand is definitely in the $1,000,000 and below price point. The reason that we don’t see more homes selling below $1,000,000 is simply due to a lack of supply.

The good news? Just this week, a new boutique condo building was launched in Coconut Grove where prices will begin at $799,000. “Arbor” is located north of Cocowalk at 3084 Oak Avenue and will be a 5 story building with 52 units. Although the starting price of $799,000 isn’t cheap (especially considering the median home value in Miami-Dade County is $267,000), whether we like it or not it is the entry-level price point for Coconut Grove. I am glad to see developers are recognizing the demand for properties such as this and look forward to selling them to my clients!

Unit Mix: 2–3 bedrooms residences
Square Footage: 1,466–2,010 SQ FT
Residence Features:

• 10-foot ceilings
• PH residences with private terraces
• Two-story lofts
• Townhomes with over 20-foot ceilings & private gardens
• Floor to ceiling windows

Features & Amenities:

• Concierge
• Ample parking and storage
• Fitness center
• Lush courtyard pool
• Social lounge
• Rooftop terrace
• Pet friendly

Sales have already begun at Arbor in Coconut Grove, if you would like more information on this project please contact me today at 305-342-1623 or fill out our contact form here!

Having trouble viewing the video? Click here to watch.

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Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 8 years and knows 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.

The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse information regarding the Coconut Grove Gated Communities, Coconut Grove Waterfront Homes, Coconut Grove Townhouses, Coconut Grove Condos plus much more.

Courtesy of Ocean Drive Magazine

This week Ocean Drive magazine featured the spectacular Grove at Grand Bay penthouse of Artefacto’s Paulo Bacchi which is listed for sale at $12,500,000. Paulo Bacchi is President of US Operations for Artefacto, a Brazilian furniture company known for its unique and “warm contemporary” designs. Bacchi has done an incredible job designing the interior of this 5,552 square foot palace in the sky. He used natural palettes and lots of mirrors to reflect the light and view from every angle.

I recently had the pleasure of touring this residence with a client and can attest to the fact that it is absolutely jaw-dropping, and one-of-a-kind.

Courtesy of Ocean Drive Magazine

Courtesy of Ocean Drive Magazine

Grove at Grand Bay is one of Coconut Grove’s newest luxury condo projects, with closings that began to occur in the late summer of 2016. Designed by starchitect Bjarke Ingels, the twisting towers are situated on 3 acres of prime waterfront land overlooking Biscayne Bay. Units range from 1,300 square feet to 10,000 square feet. View all “Grove at Grand Bay” condos for sale here.

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Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 8 years and knows 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.

The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse information regarding the Coconut Grove Gated Communities, Coconut Grove Waterfront Homes, Coconut Grove Townhouses, Coconut Grove Condos plus much more.

The Coconut Grove condo market has slowed down dramatically this year. The data below shows that most buildings will experience fewer sales in 2016 than they did in the previous year. The only condo building which has surpassed its sales from 2015 is Grove Isle. Grove Isle is always an anomaly in our market because it is unique in location and amenities. It never seems to follow the ebb and flow of the rest of the market.

Despite a lack of sales, condo owners should be happy with the prices this year. As you can see below, every building has either increased its values or remained steady from the previous year.

I believe over the next few months we will start to see an increase in the number of condos selling as we get our usual influx of snowbirds looking for second homes. This segment of buyers particularly boosts the condo market because they are looking for properties that are lock-and- go.

If you are unable to view the image below, please click here.

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Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 7 years and knows 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.

The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse information regarding the Coconut Grove Gated Communities, Coconut Grove Waterfront Homes, Coconut Grove Townhouses, Coconut Grove Condos plus much more.

The Fairchild

On Tuesday our team had a private presentation of the new waterfront condo building going up on East Glencoe Street in North Coconut Grove. “The Fairchild” has been designed by the award-winning architecture firm of [STRANG] in conjunction with interior designer Albert De Cardenas. I am very excited about this project because it will truly capture the essence of Coconut Grove. The building has a modern design with accents of natural materials which add a lot of warmth. The project is expected to break ground in March/April of 2017 and be completed during the summer of 2018. There are 26 units total which range in size from 1,700 square feet to 4,1114 square feet. There are boat slips available for sale starting at $250,000 per slip.

An Extension Of Coconut Grove

Check out The Fairchild’s promotional video which discusses how the project is inspired by Coconut Grove’s history, lifestyle and our lush flora & fauna. There are some great shots of our beautiful community, testimonials about life in the Grove and an interview with Arva Moore Parks our beloved local historian.

The interior spaces at The Fairchild were designed to be the ultimate sanctuary. Natural stone floors, 11′ and 13′ ceilings, solid wood doors, LED lighting, modern bathroom and walk-in closets. The chef inspired, professional kitchen has Wolf gas powered ranges with standard and convection ovens, steam ovens, stainless steel Sub Zero refrigerators, freezers, wine coolers and ice makers.

The developers have gone all out with over the top amenities including rooftop pool on the Sunrise deck, private fitness studio, Hammam Spa, meditation gardens, dog park (the building allows 2 pets per unit with no restriction on size), 24 hour concierge, porter, paddle board storage, exterior storage for every unit and most units have service quarters (in addition to the bedroom/bathroom count).

Contact our team today for more information and pricing on residences at The Fairchild.

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Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 7 years and knows 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.

The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse information regarding the Coconut Grove Gated Communities, Coconut Grove Waterfront Homes, Coconut Grove Townhouses, Coconut Grove Condos plus much more.

New details and renderings have been released on the new [STRANG] boutique condo project named “The Fairchild” which is going up in North Coconut Grove. This 5 story direct waterfront building will feature 26 residences and be a nice alternative for people who are looking for a more intimate and private condo building. The developers have said that the condo will maintain the “Grove” vibe by incorporating natural elements such as local oolite limestone, wood accents, plenty of outdoor living areas and lush landscaping. Units will range from 1,700 square feet to 4,200 square feet and will be priced between $1.4 million to $4.5 million. Some of the amenities will include two rooftop decks, a spa, pool, bayfront deck as well as dock space available for purchase. The different styles of the units are named after Grove landmarks and historical figures. Buyers can choose from The Munroe, The McFarlane, The Barnacle, The Engle, The Vizcaya, The Beasley etc.

In my opinion, they couldn’t have picked a better architectural firm to design this building. [STRANG] was founded in Coconut Grove and they have left a large footprint on our architecture here by designing many spectacular “tropical modern” residences. They promote the principles of authenticity, timelessness and sustainability which I think really captures what living in the Grove is all about.

The Fairchild will break ground in 2017 and construction is expected to take a year and a half.

If you would like to learn more about The Fairchild at 3581 East Glencoe Street or would like to set up a private presentation, please contact us at 305-342-1623 or send us a message here.

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Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 7 years and knows 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.

The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse information regarding the Coconut Grove Gated Communities, Coconut Grove Waterfront Homes, Coconut Grove Townhouses, Coconut Grove Condos plus much more.

It seems like just yesterday that Terra Group announced plans for 2 new luxury condo buildings in Coconut Grove called Grove at Grand Bay. The 98 unit, 20 story high “twisting towers” are designed by world renowned architect Bjarke Ingels.  I have been blogging about this project since the very first day it was launched back in March 2012. The twisting towers began construction in June of 2013 and topped off in June of 2015. The buildings have been sold out with the exception of David Martin’s (President and Co-Founder of Terra Group) penthouse which is asking $28 million.  I am happy to report that Grove at Grand Bay has received their temporary certificate of occupancy (TCO) which means that they can begin closings for their buyers.

To give you some background on some of the clientele who have purchased there, The Real Deal has reported: “[David] Martin said that about half of buyers are domestic, including empty-nesters looking to leave their homes in the Grove, Coral Gables and Pinecrest. The remaining 50 percent are international buyers relocating to South Florida.”

Closing prices will range from $1,000,000 to $14,000,000 and units range in size from 1,300 to 10,000 square feet.

Last week I had the opportunity to do a walk-thru with one of my clients prior to their closing. The views were spectacular and the finishes were very well done. The luxury amenities will include rooftop pools, spa, gym, pet spa, bicycle space for every unit, butler service, 24 hour concierge and a private dining room. The development is poised to become the first all-residential tower to have a LEED Gold status in Florida. After touring it firsthand, the project certainly lives up to its high expectations.

I have assisted 2 buyers with their condo purchases at Grove at Grand Bay and look forward to many more sales in the future.

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Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 7 years and knows 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.

The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse information regarding the Coconut Grove Gated Communities, Coconut Grove Waterfront Homes, Coconut Grove Townhouses, Coconut Grove Condos plus much more.

I am excited to announce a great new condo project coming soon to Coconut Grove! This boutique building, named Fairchild Coconut Grove, will be designed by the renowned architectural firm of [Strang] and located at 3581 Glencoe Street. The building will be just 3-5 stories high, much smaller than some of the newer condo buildings currently going up in Coconut Grove. Residences will range in size from 1,700 to 4,200 and prices will start at $1.4 million. It is situated on 1 acre of land. In keeping with the lush vegetation of Coconut Grove, the renderings show vine covered walls and dense foliage surrounding the building.

Max Strang has designed many luxury single-family homes in South Florida and has already left his mark on Coconut Grove’s architecture. The firm has received numerous awards and has been featured in countless publications for their designs. (The Riley Smith Group currently has Max Strang’s original Coconut Grove residence for sale at 4080 Douglas Road, list price $4,000,000 – view photos and information here).

Stay tuned to the blog for more information on Fairchild Coconut Grove!

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Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 7 years and knows 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.

The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse information regarding the Coconut Grove Gated Communities, Coconut Grove Waterfront Homes, Coconut Grove Townhouses, Coconut Grove Condos plus much more.