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.