Category Archive for ‘Coconut Grove Townhouses’

The gated community of Abitare is one of the more unique communities we have here in Coconut Grove. Comprised of 21 townhouses, Abitare is located adjacent to The Barnacle and just steps from the shops and restaurants of downtown Coconut Grove. The townhouses were built in the 1970’s and completed in a rustic contemporary style. The entire community is shrouded in dense foliage and gives the feeling that you are living in a tree-house deep in the middle of a forest.

Townhouses rarely become available in Abitare, in fact, there hasn’t been a closed sale since 2013. But as of today, there are 2 units on the market for sale, view details below:

• 3495 Main Highway, Unit 21: 2,427 Sq. Ft. LA | 2 bedrooms, 2.5 baths | Offered at $1,100,000 | Listed by Marilda Fernandes
• 3177 Via Abitare Way, Unit 10: 2,427 Sq. Ft. LA | 2 bedrooms, 2.5 baths | Offered at $1,648,000 | Listed by Magnus Jennemyr

Abitare is situated on Biscayne Bay and some units have waterfront views. There is also dock space available and a community pool.

If you are interested in learning more about the townhouses for sale in Abitare, please contact us by sending a message here.

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.

The Center Grove townhouse market has had a slow start to 2016 with just 3 closed sales. The above image shows the details of each of these properties. Although the number of closed sales are down, the good news is that there are 12 townhouses currently under contract which tells us that there are plenty of active buyers in the market.

The Riley Smith Group represented both the buyers and sellers of the townhouse listed above at 2929 Day Avenue. We had a lot of interest in the property from the minute it went on the MLS and received multiple offers. It was priced right, located on a desirable street, was in very good condition and had a pool – all the makings of a quick sale.

If you are interested in buying or selling a townhouse in Center Coconut Grove, please contact us today.  The Riley Smith Group has been the top selling real estate team in Coconut Grove for over 7 years, and we would love the opportunity to speak with you. Reach us anytime at 305-342-1623 or by sending us a message here.

If you read my blog post yesterday about the rising values of real estate in Coconut Grove, then you will understand what a great opportunity our listing located at 3161 Jackson Street is. Situated just a few blocks away from the Coconut Grove village center, this one story townhouse feels very much like a single family home. The light filled open layout overlooks a large private deck for year round entertaining. The kitchen, bath, AC and roof have all been recently updated. It is located in a completely walled and gated complex with 4 other villas and a community pool.  It is pet friendly and has 2 assigned parking spaces.

3161 Jackson Street offers 2 bedrooms, 1 bath with 1,210 square feet of living space. The price has just been reduced to $339,900.

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.

We have just listed a great Key West style townhouse on a quiet tree-lined street in the Center Grove. 3142 Indiana Street is within walking distance to the Grove village center’s boutiques, galleries, cafes and bay front parks. Built in 2003, this townhouse offers light filled living spaces that open to an expansive Chicago brick terrace and garden. The master suite has a walk-in closet and private balcony overlooking the treetops. It is completely walled and gated for privacy & security.

3142 Indiana Street, Coconut Grove:

• 1,921 Square Feet Living Area
• 3 Bedrooms, 2 Baths, 1 Half Bath
• 1 Car Garage
• Offered at $599,000

If you are interested in previewing this townhouse, it will be OPEN this Sunday, January 17th from 1:00 to 3:00. 

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.

We have just listed a great one-story townhouse located just steps from the Grove village center. 3161 Jackson Street is being offered for $350,000 and in my opinion, is the best entry-level property on the market today. This Coconut Grove townhouse is completely turn-key ready with a light-filled open layout, hardwood floors and  private deck perfect for entertaining. It is located in a walled and gated complex of 4 villas with a pool. There are two assigned parking spaces directly in front of this unit. This is a great opportunity for first-time home-buyers or those looking for a second home!

If you are interested in scheduling a showing at this property, please contact Jessica Adams at 305-877-0212.

Details of 3161 Jackson Street, Coconut Grove:

• 2 Bedrooms, 1 Bath
• 1,210 Square Feet Living Area
• More Photos Here
• Offered at $350,000

We have been the #1 Top Producing Realtors in Coconut Grove for over 5 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. 

Click here to search for: Coconut Grove homes for sale, Coconut Grove Gated Communities, Townhouses, Vacant Land, Villas and Waterfront Homes

We just completed an analysis of the West Grove townhouse market and wanted to share with you our findings. This is a segment of the market that has seen a dramatic increase in value and activity over the past few years. There are currently 23 townhouses for sale in the West Grove which range in price from $487,000 to $880,000, they are listed at an average “list price/square foot” of $299.00. There have been 16 closed sales so far in 2015. These townhouses have closed between $421,500 and $750,000, and an average “sale price/square foot” of $270.00.  Currently, there are 7 West Grove townhouses under contract, they are listed at an average “list price/square foot” of $272.00.

At this point, we are seeing West Grove townhouses trade for roughly the same prices as townhouses in the Center Grove. The difference between the two markets? For the same price you are more likely to get a new construction townhouse in the West Grove because of the boom in development that has happened over the past few years.

Click below to view West Grove townhouses that are active, pending & sold in 2015:

If you are interested in buying or selling in Coconut Grove, we know the numbers inside and out. Riley Smith has been the top producing Realtor in Coconut Grove for over 5 years.  Please contact us to set up a consultation at 305-342-1623 or send us a message here.

This is a good week for sellers represented by The Riley Smith Group, as two of our listings closed at or above list price! The first was located at 2610 Hilola Street.  Listed for $799,000, the home offered 3 bedrooms, 3 baths with 2,135 square feet of living area on a 8,250 square foot lot.  After a couple of days of marketing the home to buyers in the area, we received a full price offer.  At $799,000, the property closed for $374.00 per square foot. Congratulations to the sellers and buyers!

The second property we sold this week closed for $35,000 above list price! 2902 Center Street was a unique townhouse that had been beautifully finished and offered a 2 car garage with pool. Details of the home included 1,000 square feet of living space with 2 bedrooms, 2.5 baths.  The townhouse was listed for $425,000 and closed for $460,000 or $460.00/square foot. This sale is one of the Top 5 highest “sale price/square foot” figures in 2015.

We have been the #1 Top Producing Realtors in Coconut Grove for over 5 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.

I pride myself on “telling it like it is” when it comes to real estate and my blog articles are no exception. Right now the real estate market is SLOW in the Center Grove and I am not afraid of saying it. There have been only 37 townhouses closed this year compared to 50 during the same time period last year. In my opinion, the downturn can be attributed to low inventory levels. We have just 16 townhouses currently on the market in Center Grove (east of 32nd Avenue) which might be the lowest level on record. With that kind of inventory to work with I’m not surprised by the low sales figures, after all, you can’t sell what you don’t have!

I believe that there are a lot of people who would like to put their townhouse up for sale, but they have nowhere to go. Prices for single family homes in Coconut Grove have risen so dramatically that many people are priced out of the market. Although values have risen significantly for townhouses, they have basically come back to where they were prior to the crash; whereas prices for single family homes have bounced back much higher. This leaves many potential sellers playing the waiting game.

If you live in the Center Grove and are curious what your townhouse is worth, please contact me. Even if you aren’t interested in selling now, I would be happy to sit down with you and discuss your home’s value. I can be reached anytime on my cell phone at 305-342-1623 or you can send me a message here.

Below are some more statistics on the Coconut Grove townhouse market:

• Average List Price For Townhouses In Coconut Grove: $600,489
• Average Sale Price For Townhouses In Coconut Grove: $585,784
• Average Sale Price/Square Foot For Townhouses Sold In 2015: $308

Congratulations to our buyers who just purchased the townhouse at 3081 Matilda Street in Center Coconut Grove. This was a fantastic townhouse that had great features such as wood + marble floors, stainless steel appliances, metal roof, steel doors, new A/C, plantation shutters, California closets, 2 car garage, Chicago Brick exterior as well as an outdoor jacuzzi.  It offered 3 bedrooms, 2 baths with 2,070 square feet of living space.  The townhouse sold for $650,000 or $314.00/square foot.

The Riley Smith Group was the top selling team in the Coconut Grove townhouse market during 2014. If you are curious about the value of your townhouse and would like a no pressure valuation, please feel to contact us. We know the market inside and out! We can be reached anytime at 305-342-1623 or by sending us a message here.

The Coconut Grove townhouse market can be summed up in one quick phrase: “High Demand and Rising Prices”. Right now, the townhouse market is the only place where you can buy a turn-key property with 2,000+ square feet of living space for under $700,000 in the Grove. That being the case, when a new townhouse comes online that is properly priced, it sells in a matter of days.  Last year 116 townhouses sold at an average sale price of $534,536 and $277.00/square foot.  This year, prices have risen to an average of $584,464 and $317.00/square foot.  The increase in values is due mostly to the increase in demand which is pushing those figures up. Another reason is the large number of new construction townhouses which have sold. Some of these new projects are selling as high as $340.00/square foot.

We have also seen the average “days on the market” fall by 10 days for townhouses sold in 2015.

Taking all of this into account, more sellers should be taking advantage of the rising prices and quick sales!!

Our team sold the highest number of townhouses in Center Grove during 2014. We know the numbers and track the market.  If you are interested in buying or selling a Coconut Grove townhouse and would like to work with us, please feel free to give us a call at 305-342-1623 or send us a message here.