Category Archive for ‘Coconut Grove Gated Communities’

Congratulations to our sellers who just closed on their home in the gated community of Ye Little Wood.  We listed the property back in October and had it under contract within 20 days.  The home was listed for $1,690,000 and sold for $1,630,000 or $512.00/sq. ft.   This is one of the highest “sale price/sq. ft.” figures we have seen in Coconut Grove during 2013.

Details of 3810 Wood Avenue, Ye Little Wood:

• 3,182 Sq. Ft. LA
• 6,700 Sq. Ft. Lot
• 4 Bedrooms, 4 Baths

A spectacular estate in the exclusive gated community of Camp Biscayne has just come on the market in Coconut Grove.  3505 Main Lodge Drive is listed for $18,000,000 by Rex Hamilton of The Rex Hamilton Corp.  This George Fink designed home was built in the 1920’s and offers 7,596 square feet of living space on 1.5 acres of direct bay-front land.

I had the opportunity to tour this unique property last week.  Some of my favorite features were the expansive outdoor living spaces, sprawling lawns and massive gardens which surround the home.   3505 Main Lodge Drive is bordered by water on 2 sides with Biscayne Bay on the eastern edge and a private canal (shared with just one other home) along the northern portion of the lot.  For more photos and information on 3505 Main Lodge Drive, click here.

If you would like to work with a realtor who specializes in Coconut Grove real estate, call today for a buyer or seller consultation.  With over 140 home sales in Coconut Grove since 2010, we know the market here inside and out!  Send us a message here.

The water is a big part of the Coconut Grove lifestyle.  For me, getting out on the water is an escape from the round-the-clock phone calls and meetings that come along with this job.  Coconut Grove’s waterfront location gives its residents the ability to hop on their paddle board, boat or kayak at a moment’s notice.

There is no better way to really appreciate Biscayne Bay than with water views right from your living room or terrace.  Coconut Grove offers two types of waterfront homes.  First, we have the homes that are situated directly on Biscayne Bay and offer unobstructed water views.  For the most part, you will find these in the gated communities of The Anchorage, Camp Biscayne, Hughes Cove, The Moorings, Four Way Lodge Estates, Entrada Estates and Bayshore Villas.  There are only a handful of homes in the North and South Grove with direct bay views that are not located in gated communities.  Homes with direct ocean views currently start at $4,000,000 and go up to $13,000,000.

The other types of waterfront homes in Coconut Grove are those that are located on canals.  Although they are not directly on Biscayne Bay, the homes on Coconut Grove’s canals are just a 5 minute boat ride to open water unlike what you find in the neighboring community of Coral Gables where some canal-front homes can be 30 minutes or more to open water.  Many of them are so close that you have Bay views from the upper floors.  These homes range from $2,000,000 to $4,000,000.

Click here to view photos and information of Coconut Grove Waterfront Homes For Sale.

I recently wrote about 2 foreclosure units that came on the market in the gated community of The Cloisters.  The list price on both was $1,295,000.  One of the two units has just been posted as a closed sale.  It sold for $1,400,000 which is $105,000 above asking price.  Considering that the unit was only 65% completed on the inside, the sale price came in at market value.

Buyers hear the word “foreclosure” and automatically think they are getting a good deal, but the trend that we see here in the Grove is that if it’s a good property it will get bid up to market value.  In other words, banks don’t have to give them away anymore.  The property was listed by Exit Realty and sold by Maxine and Skot Siegler of Miami Property Shop.

The other foreclosure in The Cloisters is still a pending sale.

View all homes currently for sale in The Cloisters, here.

Many buyers are looking for the privacy and security that a gated community has to offer. Here in Coconut Grove, there are 15 gated communities to choose from. From Mediterranean villas to sprawling estates, there are many options available. Below I have given a short description of each community as well as a quick market update.

I currently have 6 fantastic listings for sale in the gated communities of Coconut Grove, you will find them mentioned below!

Starting from North Coconut Grove and heading South….

L’Hermitage, Coconut Grove: Located at 2000 South Bayshore Drive, L’Hermitage is the first gated community south of Downtown Miami and Brickell. Situated along Biscayne Bay, these 3 story villas were built in the 1980′s and have been updated over the years. L’Hermitage appeals to buyers who are looking for the comforts of a single family home but the benefits of a “lock and go” condo style residence. The community offers a 24 hour guard, beautiful water features, perfectly maintained landscaping, pool, tennis courts and some boat dockage. There are 9 units for sale in L’Hermitage right now. At $999,000, my listing (Unit 7) is currently the least expensive on the market in L’Hermitage. It is a great opportunity to get into this gated community for under $1,000,000.  To view photos and information of my listing in L’Hermitage, click here.

• To view what is currently for sale in L’Hermitage, click here.

Bayshore Villas, Coconut Grove:  Bayshore Villas is located just south of L’Hermitage before Kennedy Park on Bayshore Villas Drive. It is comprised of 25 single family homes which were built in the early 1990′s. There have been no sales in Bayshore Villas this year, however 2 sold last year for $1,325,000 and $2,150,000. As of today’s writing, there is 1 home on the market in this gated community, it is listed for $4,175,000 (by Sapphire Realty).

• To view what is currently for sale in Bayshore Villas, click here.

Longview, Coconut Grove:  Just a little further south lies the gated community of Longview. It was originally the home of Alfred Whitting but in the 1930′s was sold to philanthropist W.T. Grant who lavishly entertained there. In 1937 Mr. Grant donated Longview to the University of Miami and it became the President of UM’s home for the next 37 years. It was the scene of many of the University’s social and ceremonial functions. Today, Longview consists of 10 luxury two-story villas. Common areas of Longview include a 60 foot pool with waterfall and tennis court. It is a great combination of luxury and yesterday’s Coconut Grove. The most recent activity in Longview was my listing last year which closed for $915,000.

Treasure Trove, Coconut Grove: I always get asked about the gated community of Treasure Trove. Its’ grand entrance off of South Bayshore Drive across from Coral Reef Yacht Club is stunning and certainly grabs people’s attention. This beautiful property was once home to just one original residence, but in the 90′s it was divided up into several lots and 10 single family homes were built. There is a back entrance to the property on Tigertail Avenue. There are currently no homes for sale in Treasure Trove and there has been no activity since 2011 when 2485 South Bayshore Drive closed for $1,500,000.

The Cloisters, Coconut Grove: One of the more recently constructed gated communities is The Cloisters located in the heart of Coconut Grove’s village center. This guard-gated community has a tennis court, clubhouse and pool. These tri-level villas offer a large amount of square footage, 2 car garages, elevators, and many have bay views from the rooftop terrace. There were two sales in 2013 in The Cloisters. First was my listing, Unit 1238, which closed for $1,775,000 and second was Unit 307 which closed for $1,625,000. There are currently 2 foreclosure properties in The Cloisters which are under contract, their list prices were $1,295,000. There are currently 3 villas for sale in The Cloisters.

• To view what is currently for sale in The Cloisters, click here.

Via Abitare, Coconut Grove:  When you enter the gated community of Abitare you feel as if you have just entered northern California. The dark wood tri-level villas resemble an earthy contemporary style architecture. Some villas have views of the Bay. Via Abitare is located in the heart of Coconut Grove, and units on the northern side have views of The Barnacle State Park from their terraces. There are currently no active listings in Via Abitare. There have been two closed sales this year, Unit 14 sold for $625,000 and Unit 21 sold for $795,000. Broker was Remax.

The Anchorage, Coconut Grove:  Another waterfront gated community sitting just south of Ransom Everglades is The Anchorage. The Anchorage was once home to former Miami Heat basketball player Alonzo Mourning. The last sale in The Anchorage occurred in 2009, 3525 Anchorage Way closed for $6,000,000. There is currently one home on the market in The Anchorage.

• To view what is currently for sale in The Anchorage, click here.

Camp Biscayne, Coconut Grove: The rustic guard house of Camp Biscayne disguises the fact that it is one of Coconut Grove’s most exclusive gated communities. Founded in 1903, it was originally a winter retreat for Ralph Munroe who hosted such guests as Alexander Graham Bell, William Rockefeller and Lawrence Mayo. Today, Camp Biscayne consists of 21 homes situated on large, private lots. I currently have the only 2 listings for sale in Camp Biscayne.

• 3506 Main Lodge Drive, also known as “The Tree House” offers walls of glass, modern style architecture and 3,444 square feet of living space on a 15,663 square foot lot. The price was just reduced to $2,450,000. View photos and information here.
• 3130 Munroe Drive is a magical bungalow situated on 22,761 square foot lot. This home is priced at $1,450,000. View photos and information here.

Hughes Cove, Coconut Grove:  Hughes Cove is home to the who’s who of Miami. The entrance is located at the end of Devon Road off of Main Highway in South Coconut Grove. The last sale in Hughes Cove was last year, 3314 Devon Court closed for $3,100,000. Currently, there are two homes on the market in Hughes Cove. The first is 3316 Devon Court priced at $12,000,000 and the second is 3310 Devon Court priced at $12,900,000.

• To view what is currently for sale in Hughes Cove, click here.

Four Way Lodge Estates: Four Way Lodge Estates is located on the eastern side of Poinciana Avenue off of Main Highway. Although it offers a 24 hour guard at the entrance, this community is open to the public. There has only been one sale this year in Four Way Lodge Estates. The foreclosure property at 3812 Bayside Court sold for $1,455,000. There is one home for sale in Four Way Lodge Estates.

• To view what is currently for sale in Four Way Lodge Estates, click here.

The Moorings, Coconut Grove:  Further South on Main Highway is the gated community of The Moorings. This is one of the largest gated communities of single family homes in Coconut Grove. Due to its size, you tend to see the most real estate activity in this community compared to the others. The Moorings does offer dock space for its residents however there is currently a waiting list. There have been 2 closed sales in The Moorings this year. 3425 North Moorings Way sold for $2,017,500 and 3885 South Moorings Court sold for $2,900,000. Both were sold by EWM. I have two of the four listings for sale in The Moorings.

• 3431 North Moorings Way is a stunning Mediterranean estate built in 1936 and masterfully restored with the finest finishes, listed at $3,995,000. Click here to view photos and information.
• 3437 North Moorings Way which at $2,500,000 is a great opportunity in this gated community. Click here to view photos and information.
• To view all homes currently for sale in The Moorings, click here.

De Garmo Estates, Coconut Grove:  De Garmo Estates sits at the intersection of Main Highway and Douglas Road and is the former estate of Walter C. De Garmo. If you read the blog, you know that his original home was sold for $2,737,500. There are currently no homes for sale in the gated community of De Garmo Estates and none have sold in 2013.

Ye Little Wood, Coconut Grove:  Ye Little Wood is an enclave of 31 homes in the South Grove nestled along a winding road with a canopy of massive oak trees. It is extremely private and one of my favorite spots in Coconut Grove. There have been 3 closed sales in Ye Little Wood this year, which have ranged in price from $815,000 to $1,540,000. I currently have one of the two listings on the market in Ye Little Wood.

• 3810 Wood Avenue has been completed renovated by the current owners and is listed for $1,699,000. View photos and information on that home here.

Entrada Estates, Coconut Grove: Located in Coconut Grove’s southernmost point, Entrada Estates is a gated community with public access similar to Four Way Lodge Estates. This year there has been one sale in Entrada Estates. 3600 Stewart Avenue was a short sale and closed for $1,130,000.

• To view all homes for sale in Entrada Estates, click here.

I know the real estate market in Coconut Grove. If you would like assistance buying or selling real estate in Coconut Grove, please don’ t hesitate to contact me directly on my cell at 305-342-1623.

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 upcoming Grove at Grand Bay new construction project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

Not surprisingly, the two foreclosures that came on the market in The Cloisters are already under contract and accepting back-up offers.  Although they were partially completed and needed some TLC, at $1,295,000 they were a great deal.

Foreclosures properties in Coconut Grove are extremely rare these days and get snapped up within hours of hitting the market.  If you are looking for a foreclosure deal in Coconut Grove then you better have cash in hand and be prepared to make a full price offer!

To give you an idea of what the market is like in The Cloisters, there have been two other units sold this year.  My listing, Unit #1238 closed for $1,795,000.  And Unit 307 also sold this year which closed for $1,625,000.   There are currently 4 for sale in the community, they are priced between $1,900,000 and $2,195,000.

Click here to view villas currently for sale in The Cloisters.

If you are interested in purchasing a home in a gated community, come back tomorrow, I have been working all weekend on an updated edition of The Ultimate Guide To Coconut Grove’s Gated Communities!

Showing requests are pouring in for my new listing at 3810 Wood Avenue in the gated community of Ye Little Wood.  Ye Little Wood is one of the most sought after gated communities in Coconut Grove and consists of just 31 homes nestled along a winding road with towering oak trees overhead.

The owners of this home have just completed a magazine quality renovation.   The house has an incredible amount of natural light and views of the lush tropical garden from every room.   The highlight of the home  for me is the luxurious and expansive master suite and bath.  Some of the other special features include Italian porcelain wood plank floors, 2 fireplaces, impact glass as well as a new pool.   The home offers 4 bedrooms and 4 baths and it is easily convertible to 5 bedrooms and 5 baths should you need the extra space. 3810 Wood Avenue is listed for $1,699,000.

If you would like to schedule a showing, please contact my office at 305-960-5318 to make an appointment.

View more photos and information for 3810 Wood Avenue by clicking here.

Two foreclosures just came on the market in the gated community of The Cloisters.   It appears from the tax records, that both are currently owned by the Association in the community.  The first foreclosure is Unit #1137 which offers 5,090 square feet of living space with 3 bedrooms, 3.5 baths and is priced at $1,295,000.  This unit is 75% completed.  The second foreclosure is Unit #204 and  offers 5,660 square feet of living space with 3 bedrooms, 3.5 baths and is also priced at $1,295,000.  This unit is 65% completed.

On paper they appear to be a good value, however it really depends on the condition of the interior.  I recently sold Unit #1238, which closed for $1,775,000.   And there has been one other sale this year in the community, Unit #307 which closed for $1,625,000.

If you are interested in learning more about these foreclosure opportunities in The Cloisters, please feel free to give me a call at 305-342-1623 or send me a message here.

One of our listings is getting great exposure this morning on The Huffington Post.  It is one of the most unique properties on the market in Coconut Grove so I am not surprised that it grabbed their attention.

Check out an excerpt from their write-up on the house below:

“If “Camp Biscayne” sounds like the “Troop Beverly Hills” version of roughing it in Miami, well, that’s not far off. The former 1920s winter resort, established on a waterfront slice of Coconut Grove, was an alluring yet rustic camp that catered to posh visitors such as Alexander Graham Bell and various Rockefellers for spartan activities like fishing and sailing.

Now, Camp Biscayne is one of Coconut Grove’s sweetest secrets….

After viewing hundreds of Miami McMansions and overstuffed luxury homes, we think it’s pretty special.”

We have a new price on our listing in the gated community of The Moorings.  Now listed for $2,500,000, this Mediterranean estate (circa 1936) offers Old World architecture with light filled rooms and grand common areas.  Special features include an expansive master suite with adjacent library, sitting room and outdoor balcony.  The home also has 13′ ceilings, original fireplace, terracotta and wood floors and french doors that lead out to vine covered terraces, loggias and a pool reminiscent of Vizcaya.   This is a great opportunity to live in one of Coconut Grove’s most exclusive gated communities.

Details of 3437 North Moorings Way:

• 6 Bedrooms, 5 Baths
• 4,071 Square Foot Lot
• 12,464 Square Foot Lot
• View More Photos And Information Here