Category Archive for ‘Waterfront Homes In Coconut Grove’

Exciting news today, the spectacular Coconut Grove waterfront home located at 3575 Stewart Avenue in the gated community of Entrada Estates has just closed for $12,400,000. This is one of the top 10 highest sale prices on record in Coconut Grove. Prior to this, the most recent luxury home sale in the Grove occurred at 3551 Main Highway which closed for $34,600,000 (it was a 7 acre property and sold to Ransom Everglades High School).

I have been following 3575 Stewart Avenue for quite some time here on the blog.  It was one of the largest homes on the market in all of Miami with 14,097 square feet of living area. The property is unique because it has 200 feet of protected boat dockage on a canal PLUS 220 feet of water frontage on the bay. It originally hit the market back in 2009 at a list price of $18,000,000. Here are a few of the blog posts I have written over the years about this property:

• August 4, 2014: What Is The Most Expensive Home For Sale In Coconut Grove?
• February 18, 2011: Ultra-Luxury Homes For Sale In Coconut Grove
• June 15, 2010: Beat The Heat In Coconut Grove’s Coolest Pools
• January 28, 2010: What Does $18,000,000 Buy You In Coconut Grove?

The sellers purchased the home for $6,631,500 in 2005.

Chad Carroll of Douglas Elliman was the listing agent on the property.

View current ultra-luxury homes still on the market in Coconut Grove:

1. 1641 South Bayshore Drive | 9,165 square feet of living area | 30,375 square foot lot | 6 bedrooms, 6.5 baths | Offered at: $10,250,000 | Photos Here
2. 4020 Kiaora Street | 11,611 square feet of living area | 36,652 square foot lot | 8 bedrooms, 9.5 baths | Offered at: $10,900,000 | Photos Here
3. 4100 Kiaora Street | 9,323 square feet of living area | 47,705 square foot lot | 6 bedrooms, 7.5 baths | Offered at: $11,900,000 | Photos Here
4. 3085 Munroe Drive | 13,483 square feet of living area | 41,125 square foot lot | 7 bedrooms, 8.5 baths | Offered at: $43,000,000 | Photos 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 remember my recent post about waterfront properties in Coconut Grove then you know that the market for waterfront properties has been extremely slow here over the past year. That being said, I have good news to report this month! There is one more waterfront sale on the books. 1800 South Bayshore Lane has just closed for $3,500,000 or $1,198/square foot. This property offered protected deep water dockage (for 3 boats) with a boat lift and jet ski lift. The property came on the market in June for a list price of $4,295,000 and sold 3 months later. The main value of this property was in the land, it was located on a 10,328 square foot lot with direct bay views.

Details of 1800 South Bayshore Lane:

• 3 Bedrooms, 3 Baths
• 2,962 Sq. Ft. LA
• 10,,328 Square Foot Lot
• Listed by JoAnn Forster of One Sothebys

Coconut Grove Waterfront Home Sales 2016

1. 3551 Main Highway | Las Brisa which was a 6.9 acre property that sold to Ransom Everglades High School for $34,600,000. This was essentially a land value transaction.
2. 3579 Stewart Avenue | Gated Community of Entrada Estates | 5,252 Sq. Ft. LA | 19,500 Sq. Ft. Lot | 5 Bedrooms, 5.5 Baths | Sale Price: $4,120,000
3. 3333 S. Moorings Way | Gated Community of The Moorings | 5,495 Sq. Ft. LA | 11,300 Sq. Ft. Lot | 5 Bedrooms, 5.5 Baths | Sale Price: $3,300,000
4. 1840 South Bayshore Lane | Auctioned Home | 12,863 Sq. Ft. LA | 11,851 Sq. Ft. Lot | 6 Bedrooms, 5.5 Baths | Sale Price: $5,936,000
5. 1800 South Bayshore Lane | 2,963 Sq. Ft. LA | 10,328 Square Foot Lot | 3 Bedrooms, 3 Baths | Sale Price: $3,500,000

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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.

We all know that the residential real estate market has been slow this year. But one segment that has been hit really hard in 2016 is the waterfront home market in Coconut Grove. There have been just 4 waterfront homes sold so far in 2016 (two of these were not even typical sales):

1. 3551 Main Highway | Las Brisa which was a 6.9 acre property that sold to Ransom Everglades High School for $34,600,000. This was essentially a land value transaction.
2. 3579 Stewart Avenue | Gated Community of Entrada Estates | 5,252 Sq. Ft. LA | 19,500 Sq. Ft. Lot | 5 Bedrooms, 5.5 Baths | Sale Price: $4,120,000
3. 3333 S. Moorings Way | Gated Community of The Moorings | 5,495 Sq. Ft. LA | 11,300 Sq. Ft. Lot | 5 Bedrooms, 5.5 Baths | Sale Price: $3,300,000
4. 1840 South Bayshore Lane | Auctioned Home | 12,863 Sq. Ft. LA | 11,851 Sq. Ft. Lot | 6 Bedrooms, 5.5 Baths | Sale Price: $5,936,000

It is not just the number of closed transactions that is low. We also have an unusually low amount of waterfront homes on the market (less than 10 listed for sale as of 9/2/2016).  View all Coconut Grove waterfront homes for sale here.

Many people may not realize that Coconut Grove has some of the best waterfront properties in Miami. A majority of them are located in gated communities and all of them have direct ocean access (i.e. no bridges to the bay) meaning you can be on Biscayne Bay within 5 minutes or less. A majority of the waterfront homes in other neighborhoods such as Coral Gables are located on canals that can take as long as a 30 minutes to get to open water.

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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 home located at 3579 Stewart Avenue in the gated community of Entrada Estates has just closed for $4,120,000 ($784/sq. ft.). This is the first waterfront sale we have seen all year in Coconut Grove, and is the highest “sale price/square foot” we have experienced this year as well. The home was located on a 19,500 square foot lot with 5,252 square feet of living area and offered 5 bedrooms, 5 baths. The home was finished in a casual Polynesian style and had incredible entertaining spaces overlooking the canal. There were no bridges to the bay. Broker was Rose Realty.

Last year there were 8 waterfront sales which closed at an average of $7,900,000 and $878.00/square foot (these figures include both direct bay and canal front homes).

There is currently just 1 waterfront home in Coconut Grove that is under contract. That home is located at 3333 South Moorings Way and in the gated community of The Moorings.

The Riley Smith Group has been the #1 Top Producing team in Coconut Grove 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. 

Real estate activity for waterfront homes in Coconut Grove has been extremely slow over the past 6 months with just 1 closed sale (this was Lebron James’ former house which closed for $13,400,000).  Low inventory levels and a stagnant luxury market have played a key factor in the slower sales of waterfront homes.

The spreadsheet below shows the active inventory in Coconut Grove. Considering that prices start at $605.00/square foot, I believe that there are some great opportunities right now in this segment of the market (the average “sale price/square foot” for all homes sold in Coconut Grove during 2015 was $480.00).

I have two great waterfront listings for sale right now in Coconut Grove, 1835 Fairhaven Place (photos and information here) is a new, modern home in the North Grove listed for $3,999,000 and 2120 South Bayshore Drive (photos and information here) which is currently the least expensive waterfront home on the market listed for $2,500,000.

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. 

Max Strang Architecture is an architectural firm based here in Coconut Grove. They are well known for their pre-eminent modernist style and have been featured in The New York Times, Wall Street Journal, Playboy, Metropolis Magazine + countless other publications. Strang Architecture has designed and built several spectacular residences throughout Coconut Grove (including Strang’s former personal residence “The Rockhouse” which I currently have listed for sale – view details here).

Today I wanted to share with you some recently released photos of a new home Strang has just completed in the Grove. Although it isn’t on the market for sale, it is a great representation of the unique style of homes you will find here in Coconut Grove. This property is located along a canal in the guard-gated community of Four Way Lodge Estates. It is by far one of the best homes I have been in.  Photography by Claudia Uribe.

If you are interested in learning more about Max Strang Architecture visit their website here or contact them directly at 305-373-4990.

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. 

One of the reasons that Coconut Grove is such a special place to live is because it is situated directly on Biscayne Bay. As someone who grew up in Coconut Grove sailing and boating every weekend, I am passionate about all things related to the water.   To me, there is no better feature of a home than being located on a canal or open ocean where you can hop on your boat at a moment’s notice.

We just listed this spectacular modern, new construction waterfront home in the North Grove. This residence offers direct ocean access (no bridges to the bay) with a 50′ seawall. When you enter this home you are greeted with open spaces that are flooded with natural light, volume ceilings, covered terraces on every level overlooking the pool and waterway. The high-end kitchen has a large island with Thermador gas range and over-size walk in pantry with wine refrigeration. A luxurious master suite has a private terrace and water views. This home is perfect for year-round entertaining with a pool-side outdoor kitchen and roof top terrace.

A few additional features include custom cabinetry throughout, blown glass chandelier, high-impact glass, outdoor shower, low maintenance pool and filtration system, 20-ton generator and community police patrol.

Details of 1835 Fairhaven Place, Coconut Grove:

• 4 Bedrooms, 4 Baths, 1 Half Bath
• 5,338 Square Feet Of Living Area
• 7,528 Square Feet Of Total Area
• 6,250 Square Foot Lot
• View more photos here
• Offered at $3,999,000

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.

You won’t want to miss out on this great opportunity! 2120 South Bayshore Drive has just hit the market at a list price of $2,600,000 making it the least expensive waterfront home in Coconut Grove on the market.  It is a unique property offering light filled living spaces which open to an outdoor terrace and wrap-around balcony overlooking a basin, canal and Biscayne Bay. The home has protected boat dockage with concrete sea wall, davits and direct ocean access (no bridges to the bay).  The main level (upstairs) of the home features the kitchen, living room, dining room and 2 bedrooms, 2 baths. A large guest suite is located on the first floor of the home with its own kitchen and additional 2 bedrooms, 2 baths.

Owning a waterfront home in Coconut Grove allows you to take advantage of Biscayne Bay in many ways. At any given moment you can hop on your boat, paddle-board, kayak or jet ski and be able to enjoy one of the most beautiful spots in South Florida. This home is located less than 3 minutes to open water, which is hard to find in many waterfront locations. This home is also perfectly situated on the lot to capture the water views from every room.  You will not find a better opportunity to own a waterfront home in Coconut Grove than 2120 South Bayshore Drive.

Details of 2120 South Bayshore Drive, Coconut Grove:

• 3,928 Square Feet Of Living Area
• 6,580 Square Foot Lot
• 4 Bedrooms, 4 Baths
• List Price: $2,600,000

If you are interested in viewing this property, please contact our office at 305-960-5318, or Riley directly at 305-342-1623.

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.

LeBron James is having a busy week. In the middle of wrapping up the Eastern Conference Championship and preparing for the NBA Finals, he placed his $15,000,000 Coconut Grove waterfront home under contract.  Located at 3590 Crystal View Court this property has been on the market since October of 2014 at an original list price of $17,000,000 (he purchased it for $9,000,000 in 2010). The home offers 12,178 square feet of living space on a 19,941 square foot lot with direct bay views. Some of the unique features include a wine cellar, custom theater, dock for two 60′ boats, 4,500 of entertainment space and a private rooftop master deck. The home is listed by Tomi Rose of Opulence International Realty.

Learn more about waterfront homes in Coconut Grove here.

Should LeBron’s home sell this year, it will be one of the highest sale prices Coconut Grove has experienced in 2015.  This will be an interesting sale because it will also be one of the highest sale prices that a home NOT located in a gated community has garnered in many years. Certainly one of the drawbacks of the property was that it was not located in a gated community and typically buyers in this price range are looking for a home that offers the security and privacy of a 24 hour guard-gate.

We have been the #1 Top Producing Realtors in Coconut Grove for over 5 years, and know the market inside and out. If you are interested in buying or selling real estate in Coconut Grove, please contact us at 305-342-1623 or send us a message here.

Having just sold our waterfront modern listing on Rockerman Road for $3,100,000 in 2 weeks, I know that the market is hot for MODERN + WATERFRONT homes in Coconut Grove. Potential buyers are drawn to the open spaces and light filled rooms that a modern home offers. The walls of glass allow for a seamless blending of outdoors and indoors, which is especially important in Coconut Grove.

That is why I have no doubt that the new listing located at 1785 Fairhaven Place will also sell fast.  This home offers walls of glass, great entertaining areas, rooftop terrace, beautiful pool, 5 car garage and 50 feet of water frontage with no bridges to the bay.

Waterfront homes in Coconut Grove are unique because all of them have just a short boat ride to open water. That means whether you are on your paddleboard, kayak, jet-ski, motorboat or sailboat, you can be cruising the waters of Biscayne Bay in just minutes after leaving your dock.  Speaking from someone who would spend every minute of their life on the water, the accessibility that this home offers is priceless.

This home is located in the northern part of Coconut Grove which is ideal for many people who work on Brickell or in downtown Miami. The commute is significantly shorter compared to homes located in southern Coconut Grove due to the school traffic which backs up on Main Highway. North Coconut Grove is also just minutes to the pristine beaches of Key Biscayne.

As the #1 Top Producing Realtors in Coconut Grove for over 5 years, we know the market here inside and out.  If you are interested in buying or selling Coconut Grove real estate and would like to set up a no pressure consultation, please feel free to contact The Riley Smith Group at 305-342-1623 or send us a message here.