The Moorings in Coconut Grove is located just off of Main Highway along the Commodore Bike Trail in South Coconut Grove. This private, gated community is configured around a large cul-de-sac with two main roads: North Moorings Way and South Moorings Way. It is comprised of 37 homes placed on large lots, some are waterfront.
The market in The Moorings is a very stable one. The residents tend to occupy their home for many years often times passing their home down into further generations. Therefore, homes do not come on the market very often. There has not been a sale in The Moorings since 2006, which sold at $686.00 per square foot. There were 3 sales in 2005, which sold at a price per square foot of $970.00, $636.00, and $767.00.
Take a look below at the homes currently for sale in The Moorings. It seems that if you bought now at these prices, you would see a quick turnaround in your investment once the market picks up. The price per square foot of homes currently for sale is in the $500.00’s, whereas the homes that sold two years ago were in the $600.00 to $900.00 p.s.f. range.
There are currently only 2 homes for sale in The Moorings:
- 3837 North Moorings Way | This home went on the market in April at $2,699,000 and is currently priced at $2,500,000 | They are asking $566.00 per square foot | 4 Bedroom, 4.5 Bath | 12,000 square foot lot | 4,416 square feet interior
- 3462 North Moorings Way | This is a 1939 Old Spanish home that has been renovated |Went on the market in February at $2,997,000 and is currently priced at $2,597,000 | 4,563 square feet interior | They are asking $569.00 per square foot | 10,800 square foot lot