Category Archive for ‘Waterfront Homes In Coconut Grove’

Our waterfront listing located at 3542 Rockerman Road has just closed for $3,100,000. This is the first waterfront sale in Coconut Grove for 2015.  The home closed for $680.00/square foot which is the highest “sale price/square foot” figure the Grove has experienced in the past 4 months (for single family homes).  3542 Rockerman Road was on the market for less than 30 days before we placed it under contract.

This home had just been completely renovated with a sleek European style kitchen, stunning master suite, expansive covered terrace and summer kitchen.  It offered a private dock with direct ocean access (no bridges to the bay).   Details of the property include: 5 bedrooms, 5 baths, 4,558 square feet of living area, 7,200 square foot lot. The home was located directly across the canal from Kennedy Park which offered great views of mangrove trees and open spaces.

Last year there were 6 waterfront homes sold in Coconut Grove.  These homes ranged in price from $1,730,000 to $5,950,000 ($432.00/sq. ft. to $944.00/sq. ft.). Waterfront homes vary drastically by price because some are located in gated communities vs. non-gated communities and some have direct bay views vs. canal views.

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. 

Interested in learning more about the Coconut Grove real estate market? Read our recent newsletter here!

The Riley Smith Group will be placing a new listing on the MLS this week and I wanted to give my blog readers the first opportunity to see it. 1726 South Bayshore Lane is a Mediterranean style home with spectacular water views from every level.  Built in 2004, this home offers 7 bedrooms, 7.5 baths with 6,519 square feet of living space. It is a great home for entertaining with a professional home theater, custom bar and a large terrace overlooking Biscayne Bay. This impeccable waterfront home also features top of the line finishes, chef’s kitchen, elevator, impact glass, guest suite and maid’s room. There is dock space with a deep water draft and no bridges to the bay. Private police patrols the area.

The Coconut Grove waterfront home market is very active – we recently placed one of our waterfront listings under contract in less than 30 days!

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 real estate in Coconut Grove 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. 

We just listed a spectacular waterfront home in Coconut Grove.  Located on a quiet cul-de-sac on prestigious Rockerman Road, this modern residence offers walls of windows with volume ceilings and light filled living spaces which overlook a canal and mangrove trees (with no homes on the opposite side of canal).  It has just completed a major renovation including a sleek, European style kitchen, stunning master suite with wrap-around balcony and luxurious spa style bath.  This home is perfect for entertaining with an expansive covered terrace and summer kitchen adjacent to the private dock and pool.  There is direct ocean access with no bridges to the Bay.

Not only is this the least expensive waterfront home currently on the market in Coconut Grove, but you can get to the Bay in your boat in about 3 minutes!  If you are looking at waterfront property anywhere in South Florida, this one is not to be missed!

Details of 3542 Rockerman Road, Coconut Grove:

• 5 Bedrooms, 5 Full Baths
• 4,558 Square Feet Of Living Space
• 7,260 Square Foot Lot
• List Price: $3,595,000
• More Photos and Information Here

We have been the top selling Realtors in Coconut Grove for over 5 years and would love the opportunity to work with you.  Call today to schedule a no pressure buyer or seller consultation. Reach us at 305-342-1623 or by filling out a contact form here. 

The most expensive home for sale in Miami-Dade County is now located right here in Coconut Grove.  Today the property at 3551 Main Highway hit the market at a whopping $65,000,000.  “La Brisa” is a 6.9 acre Coconut Grove waterfront property and boasts 16,500 square feet of living space with 9 bedrooms and 11 baths. That comes out to $3,939 per square foot….but who’s counting?

The property dates back to the original settlers of Coconut Grove.  It was first deeded to Kirk and Mary Munroe in the late 1800’s.  Kirk Munroe was an American writer & conservationist and his wife Mary founded the southern Tropical Audubon Society as well as the Coconut Grove Library.  They were both instrumental to the development of Coconut Grove.  The Munroe’s sold the property to Pittsburgh Industrialist John B. Semple and his wife Eleanor in 1920.  They commissioned architect Richard Kiehnel of the Pittsburgh firm Kiehnel and Elliot to design a “winter cottage” for them.  Kiehnel designed many mansions, public buildings and smaller homes that remain in Coconut Grove today including El Jardin located at the Carrollton School of the Sacred Heart.   Kiehnel is recognized for his Mediterranean style and aged his materials to give them an “antique” look.

This spectacular residence offers unique architectural details including a multi-colored tile roof, original woodwork on the upper floor galleries, intricate keystone and carefully restored entryways.  The grounds include a sunken fire pit, mangrove lined waterfront, 536 foot long canal, boat slip which can accommodate a 68 foot yacht and views of Biscayne Bay.

The property is listed by William Pierce of Coldwell Banker.

As the #1 Top Producing Realtor in Coconut Grove for over 5 years, I know the market inside and out. If you are interested in buying or selling a home in Coconut Grove and would like to set up a no pressure consultation, please contact me on my cell at 305-342-1623 or you can fill out our contact page here.  

*Update Since This Posting: James’ house officially hit the MLS, view photos and details here.

People Magazine has reported that LeBron James is selling his Coconut Grove waterfront home.  The property will be listed for $17,000,000 by Tomi Rose of Opulence National Realty.  He purchased the 12,178 square foot home with 6 bedrooms, 8.5 baths for $9,000,000 back in 2010.  The home offers direct bay views, dockage for two 60 foot yachts, a 500 bottle wine cellar, an infinity edge pool and rooftop sundeck.

If it is placed on the MLS at $17,000,000, it would be the highest priced listing in Coconut Grove (second is 3575 Stewart Avenue listed for $16,900,000).

If you are interested in buying or selling a home in Coconut Grove it is essential to work with someone who knows the numbers and tracks the sales.  I have been the #1 top producing Realtor in Coconut Grove for over 5 years and would love the opportunity to work with you.  I can be reached anytime on my cell phone at 305-342-1623 or you can send me a message here. 

If you take a look at the charts I created below, you will see that the waterfront market in Coconut Grove has remained fairly stable over the past 5 years. When analyzing Coconut Grove waterfront homes, I like to separate out those with direct water views and those that are canal-front because there is typically a large discrepancy in value. This year is unusual because the difference between “Average Sale Price/Square Foot” of direct view homes and canal front homes is minimal. This is due to one property which brought down the average for direct water front homes – 3528 Bayshore Villas Drive sold for just $497.00/square foot. Without that sale, the average would have been approximately $750.00/sq. ft.

Coconut Grove Waterfront Home Data

Note: There is no data for 2013 because the 2 properties that closed sold for land value only.

As the #1 Top Producing Realtor in Coconut Grove for over 5 years, I know the market inside and out. If you are interested in buying or selling a home in Coconut Grove and would like to set up a no pressure consultation, please contact me on my cell at 305-342-1623 or you can fill out our contact page here.

It has been a good month for luxury waterfront homes in Coconut Grove.  You may remember last week’s post about the property in The Anchorage which closed for $6,110,000 (the highest sale price in Coconut Grove since 2011).  Now another waterfront home has come across the wire.  This property was located at 1872 South Bayshore Lane and closed for $5,950,000 or $679.00/square foot.  This home offered direct bay views, a heated infinity edge pool, custom built-ins, gourmet kitchen, a 2 bedroom guest house with staff quarters and a master suite with its own 200 sq. ft. terrace.  Although the home was fully walled and gated, it was not located in a gated community.  Broker was Beachfront Realty.

1872 South Bayshore Lane was purchased in 2005 for $4,600,000 and had been on the market since 2011. The home went pending shortly after they reduced their list price from $6,949,000 to $6,499,000.

There are just 7 waterfront homes on the market right now in Coconut Grove, they are priced between $3,900,000 and $16,900,000.

We Know Coconut Grove Real Estate.

If you are interested in buying or selling a home in Coconut Grove it is essential to work with someone who knows the numbers and tracks the sales.  I am the #1 top producing Realtor in Coconut Grove and would love the opportunity to work with you.  I can be reached anytime on my cell phone at 305-342-1623 or you can send me a message here.

A record-breaking sale has come across the wire in Coconut Grove.  3501 Anchorage Way located in the gated community of The Anchorage has just closed for $6,110,000. Aptly named, “Cove’s End” this home offered a stunning entry courtyard, spectacular terraces, gourmet kitchen with breakfast area that had views of Biscayne Bay, a grand master suite with separate his/hers dressing areas, 3 car garage and elevator.  It also offered protected basin dockage for yachts up to 60 feet.  Details were: 8,813 square feet of living area, 15,386 square foot lot with 7 bedrooms, 8 baths.  The property closed for $693.00/square foot.  Congratulations to the listing agents Elena and Christopher Bluntzer of One Sothebys.

This is the highest sale price we have seen in Coconut Grove so far in 2014.  In fact, it is the highest sale price for a single family home in Coconut Grove since 2011 when 3500 Curtis Lane closed for $13,419,495 (not including the sale at 3500 St. Gaudens Road which closed for land value at $11,400,000 in 2013).

We Know Coconut Grove Real Estate.

If you are interested in buying or selling a home in Coconut Grove it is essential to work with someone who knows the numbers and tracks the sales.  I am the #1 top producing Realtor in Coconut Grove and would love the opportunity to work with you.  I can be reached anytime on my cell phone at 305-342-1623 or you can send me a message here.

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

Coral Gables Real Estate | Brickell Real Estate | Key Biscayne Real Estate

Coconut Grove currently has 10 homes for sale which are priced over $5,000,000.  But the highest priced listing in Coconut Grove goes to the property located at 3575 Stewart Avenue in the gated community of Entrada Estates.  This home offers breathtaking open bay views with 7 bedrooms, 7 baths and 14,575 square feet of living space on a 42,689 square foot lot.  There is also protected canal dockage on the north side of the property.  It is truly a boater’s paradise!  The home is being offered at $16,900,000 by Tracey Spiegelman of Shelton and Stewart.

Coconut Grove has some of the best waterfront properties in Miami thanks to the spectacular unobstructed bay views and zero bridges to the bay.  If you are interested in learning more about our luxury homes in Coconut Grove, please contact me at 305-342-1623 or send me a message here.

Coconut Grove has some of the best waterfront property in South Florida.  Our waterfront homes consist of bay-front properties as well as canal-front properties and range in price from $2,360,000 to $16,900,000.   Unlike Coral Gables where you often have to navigate through several bridges to get to the open water, all of Coconut Grove’s waterfront homes offer direct access to the Bay. So far in 2014 there have been 3 waterfront homes sold in Coconut Grove.  Below is a synopsis of the sales this year:

1. 3594 Rockerman Road | 3 Story Villa | Private Dock, Boat Lift, Jet Ski Ramp | 3 Bedrooms, 3 Baths | 2,870 Sq. Ft. LA | 6,300 Sq. Ft. Lot | Listed by Coldwell Banker | Sale Price: $2,710,000
2. 3591 Stewart Avenue | Sold For Land Value | 16,640 Sq. Ft. Lot | Located In Gated Community Of Entrada Estates | 128′ Concrete Dock With 20,000 LB Lift | Listed by EWM Realtors | Sale Price: $1,825,000
3. 1815 Fairhaven Place | Updated Home | 50′ Dock | 4 Bedrooms, 4 Baths | 4,000 Sq. Ft. LA | 6,250 Sq. Ft. Lot | Listed by Avatar | Sale Price: $1,730,000
4. UNDER CONTRACT: 3528 Bayshore Villas Drive | Gated Community of Bayshore Villas | 4 Bedrooms, 5.5 Baths | 55′ Of Direct Bay Views | 8,347 sq. ft. la | Listed by Sapphire Realty | List Price: $4,395,000

Last year there were just 2 waterfront properties sold in Coconut Grove.  The property located at 3500 St. Gaudens Road (Listed by Avatar) which closed for $11,700,000 and the property at 1820 South Bayshore Drive (Listed by Lopez Realty) which closed for $1,675,000.  Both properties sold for land value.

If you are interested in buying or selling a home in Coconut Grove and would like to work with a Coconut Grove real estate specialist, please don’t hesitate to contact me at 305-342-1623 or send me a note here.