Category Archive for ‘Short Sales And Foreclosures In Coconut Grove’

The Coconut Grove home located at 2330 Tigertail Court has been on quite the roller coaster ride over the past few years.  Initially priced at $2,500,000 back in 2009, it was later reduced  by over a million dollars to $1,200,000.  In October of 2012 the status was changed to an “unapproved short sale” and priced at $850,000.  It closed this week for a sale price of $645,000 or $143.00 psf.

Even though it is an extremely low price per square foot figure, nearby sellers should not be too concerned about the sale affecting the value of their home.  Most appraisers would not consider it a good comp due to the fact that it was a short sale.  Anything under $200.00 psf is an anomaly in Coconut Grove.  Broker was Keyes Realty.

Although property values are on the rise in Coconut Grove, we are still seeing some foreclosures hit the market.   This week 1630 Onaway Drive came on the market as a foreclosure listed for $1,049,000 or $301.00 per square foot.  The home has been on and off the market over the past 6 years and listed as high as $1,389,000 and as low as $995,000.   The home offers 3,476 square feet of living space on a 10,500 square foot lot with 4 bedrooms + den and 4.5 baths.

View more photos and information of 1630 Onaway Drive here.

I am a Coconut Grove real estate specialist.  Over the past 3 years, I have earned the distinction of selling the most number of homes in Coconut Grove.  If you would like to schedule a buyer or seller meeting with me, please feel free to call me directly at 305-342-1623 or send me a note here.

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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.

Don’t Miss Today’s News From Our Other Real Estate Blogs:

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Over the weekend a foreclosure hit the market on prestigious Espanola Drive in the North Grove.  I was in the home with an investor a little over a year ago and back then it still needed some work done on the interior.

Details of 1709 Espanola Drive:

• 4,209 Square Feet Of Living Space
• 9,800 Square Foot Lot
• 5 Bedrooms, 5 Baths
• List Price: $1,375,000
• Click here to view more photos and information.
• Listed by XCellence Realty

I am a Coconut Grove real estate specialist. Over the past 3 years, I have earned the distinction of selling the most number of homes in Coconut Grove. If you would like to schedule a buyer or seller meeting with me, please feel free to call me directly at 305-342-1623 or send me a note here.

RECEIVE MY BLOG POSTS DIRECTLY TO YOUR INBOX, SUBSCRIBE 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 upcoming Grove at Grand Bay new construction project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://BrickellCondoBlog.com

http://CoralGablesRealEstateVault.com

The home at 4071 Battersea Road in the South Grove has been on and off the market since 2007.  In May of last year the status of the home was changed to an “Approved Short Sale” and it went pending about 3 months later.  The home started out at a list price of $1,750,000 and was reduced over the years to $1,050,000.   The sales price came in at $1,100,000 which was $50,000 above asking.  Listing agent was Keyes.

Details of 4071 Battersea Road:

• 3,596 Sq. Ft. LA
• 6,500 Sq. Ft. Lot
• 4 Bedrooms, 5 Baths

I am a Coconut Grove real estate specialist. Over the past 3 years, I have earned the distinction of selling the most number of homes in Coconut Grove. If you would like to schedule a buyer or seller meeting with me, please feel free to call me directly at 305-342-1623 or send me a note here.

RECEIVE MY BLOG POSTS DIRECTLY TO YOUR INBOX, SUBSCRIBE 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 upcoming Grove at Grand Bay new construction project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

Don’t Miss Today’s News From Our Other Real Estate Blogs:

http://BrickellCondoBlog.com

http://CoralGablesRealEstateVault.com

The foreclosure at 3830 Frantz Road finally sold this month for a sales price of $451,000.  You may remember I wrote about the home when it came on the market back in January of 2012 for $370,800 and I predicted that it would sell for over asking price (you can read that post here: Buyers Circling At Foreclosure On Frantz Avenue.  A few weeks later the property was under contract.  Up to this point it appeared to be a typical foreclosure transaction.  The interesting part of the story came in July when the home was taken off the market and later re-listed for a significantly higher price of $455,000.   The home officially closed a few days later for $451,000.

It just goes to show you how difficult it can be to purchase a distressed property.  The process on this particular home took over 10 months to complete and I’m sure quite a lot of headaches.

I am a Coconut Grove real estate specialist.  Over the past 3 years, I have earned the distinction of selling the most number of homes in Coconut Grove.   If you would like to schedule a buyer or seller meeting with me, please feel free to call me directly at 305-342-1623 or send me a note 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 upcoming Grove at Grand Bay new construction project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

RECEIVE MY BLOG POSTS DIRECTLY TO YOUR INBOX, SUBSCRIBE HERE!

A foreclosure at 2335 Trapp Avenue just hit the market seconds ago and I wanted my readers to be the first to know about it.  Details: 2,458 square feet of living space, 9,976 square foot lot, offered at $515,000.  Although the true value will depend on the condition of the interior, on paper the asking price is very attractive.  It is an A+ location.  Call me if you are interested in previewing this home on my direct line at 305-342-1623.

I have earned the distinction of selling the most number of homes in Coconut Grove for the past 3 years. If you would like to schedule a buyer or seller meeting with me, please feel free to contact me on my cell at 305-342-1623 or send me a note 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 upcoming Grove at Grand Bay new construction project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

I have written about the house at 3657 Poinciana Avenue many times here on my blog.  First, for being the “Worst Neighbor In Coconut Grove” back in 2009 because it had been abandoned for so many years and was such an eyesore on the street.  Then I wrote about it again when it finally hit the market as a foreclosure and sold for $400,250 Foreclosure Sells On Poinciana Avenue.  And most recently, I updated you on the large renovation and completion of the property here Progress at 3657 Poinciana Avenue!.

I have another update for you this morning.  The renovated property has come on the market listed at a sales price of $1,795,000.  The home offers 4 bedrooms, 3 baths with 3,450 square feet of living space on a 7,000 square foot lot.  One of the unique features includes a 3 story “Garaventa” elevator to the private roof top pool with terrace and cabana bath.  It is listed by Younger Properties, Inc.

As always, I will keep you posted on the status of the property.

I have earned the distinction of selling the most number of homes in Coconut Grove for the past 3 years. If you would like to schedule a buyer or seller meeting with me, please feel free to contact me on my cell at 305-342-1623 or send me a note 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 upcoming Grove at Grand Bay new construction project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

I wanted to give you an update on the two recent foreclosures that came on the market here in Coconut Grove.  The first was located at 3701 Kumquat Avenue (click to view my June 8th post on this house) and was listed for $379,900.  It was 1,467 square feet of living space on a 12,943 square foot lot.  I didn’t have a chance to see inside this one but from the pictures it looked like it was in decent condition.  The property sold for $365,000 or $248.00 psf.  In my opinion, considering that the house is located on the corner of Douglas Road and Kumquat Avenue it sold for fair market value and was certainly not a steal.

Second, the foreclosure that came on in the gated community of Four Way Lodge Estates (click to view my July 29th post on this house) priced at $1,880,700 went under contract in a matter of days.  This home needed significant repairs and renovations and offered 6,933 square feet of living space on a 10,574 square foot lot.  As soon as the final sale price hits the MLS, I will be sure to let you know.

In 2010 and 2011 I earned the distinction of selling the most number of homes in Coconut Grove. If you would like to schedule a buyer or seller consultation with me, please feel free to contact me on my cell at 305-342-1623 or send me a note 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 upcoming Grove at Grand Bay new construction project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

The house at 3812 Bayside Court has been empty and abandoned for several years now and it was only a matter of time before it hit the MLS as a foreclosure. Located in the gated community of Four Way Lodge Estates, the home is listed for $1,880,700 and offers 5 bedrooms, 5 baths with 6,933 square feet of living space on a 10,574 square foot lot.  Although I haven’t had a chance to get inside the property yet, I believe that it is very neglected on the interior and would recommend that any potential buyers bring a contractor with them to the showing.

I am sure that the neighbors of this property are looking forward to new owners coming in and giving it some much needed TLC.

Listing courtesy of Pat Dahne Realty.

If you are interested in taking a look at this home please feel free to give me a call at 305-342-1623, I would be happy to arrange a showing for you.

In 2010 and 2011 I earned the distinction of selling the most number of homes in Coconut Grove. If you would like to schedule a buyer or seller consultation with me, please feel free to contact me on my cell at 305-342-1623 or send me a note 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 upcoming Grove at Grand Bay new construction project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.

A foreclosure came on the market yesterday in the South Grove. View details of 3701 Kumquat Avenue here (listed by Vista Realty).  It is currently the only single family foreclosure listed for sale in Coconut Grove.  There have been 2 foreclosures sold in the North and South Grove so far this year (4288 Douglas Road sold for $1,200,000 and 2810 Emathla Street sold for $607,900), and there are 2 currently under contract.

For more information on the foreclosure market over the past few years in Coconut Grove, read my recent post Foreclosures And Short Sales In Coconut Grove.

I am a Coconut Grove real estate specialist. In 2010 and 2011 I earned the distinction of selling the most number of homes in Coconut Grove. If you would like to schedule a buyer or seller consultation with me, please feel free to contact me on my cell at 305-342-1623 or send me a note 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 upcoming Grove at Grand Bay new construction project, Coconut Grove’s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.