There is no doubt about it, the market for townhouses in Coconut Grove is on fire! My team has already closed on 3 townhouses in 2014 and we have 4 more under contract including our listing at 2926 Virginia Street which we sold in under 7 days.
Owners in the Center Grove are finally above water and are taking advantage of the hot market. If you have a newer construction townhouse in a good location in the Center Grove, you are looking at a value of over $600,000 in today’s market.
Buyers are attracted to townhouses (particularly those that are newer construction) because they are turn-key ready, offer more space than a similarly priced single family home in the Grove, and are within walking distance to the shops, restaurants and movie theater.
Notable recent sales in Center Coconut Grove:
- 2993 Ruth Street | 1 Day On The Market! | Sale Price: $650,000 | Built in 2014 | Sale Price/Sq. Ft.: $313.00 | Listed by Mariana Martinez Realty
- 2983 Jackson Avenue | 5 Days On The Market | Sale Price: $580,000 | Built in 1995 | Sale Price/Sq. Ft.: $339.00/sq. ft. | Listed by One Sothebys
- 3063 Center Street #15 | Sale Price: $355,000 | Built in 1998 | Sale Price/Sq. Ft: $417.00 | Sold By The Riley Smith Group
- 3059 Center Street #13 | Sale Price: $350,000 | Built in 1998 | Sale Price/Sq. Ft.: $411.00 | Sold By The Riley Smith Group
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 150 home sales in Coconut Grove since 2010, we know the market here inside and out! Send us a message here.
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