Miami Real Estate... A World All Its Own

Coconut Grove Condos End The Year With Strong Sales

Grove Isle at Night

Grovenor House and Grove Isle led all condominiums in Coconut Grove with increases in apartments sold and in price paid per square foot, showing their strength in this recovering market.

Grovenor House showed the most significant rise with 20 units sold in 2010 compared to only seven in 2009. The square foot price average increased from $518 to $556. Grove Isle had 22 closed sales in 2010 and only 14 in 2009. The average price per square foot there went up from $297 to $322.

The Ritz Carlton also did well in 2010 with closed sales increasing from 5 in 2009 to 13. The per square foot price went from $404 to $420.

Yacht Harbour and Grove Towers both saw a decrease in price paid per square foot. Yacht Harbour went from $248 to $230 and Grove Towers from $374 to $342. Grove Hill had 2 more sales than in 2009 with the per square foot price dropping minimally by a couple of dollars.

It’s not surprising that Grovenor House, Grove Isle and the Ritz Carlton saw such increases. Grove Isle is a private guarded island with its own marina and boutique hotel, Grovenor House is the newest with the most luxurious finishes, and the Ritz Carlton carries the internationally known name – and lives up to those expectations.

The links below will show you everything on the market now in each of the buildings mentioned above. If your plans include a move to a Coconut Grove condo in the near future, give me call and we can discuss the best one for you.

Grovenor House available now

Grove Isle listings

Ritz Carlton apartments

Grove Hill units for sale

Yacht Harbour on the market now

Grove Towers listings

Give me a call at 305 794.6570 to discuss all your Coconut Grove real estate needs. You may also leave me a note and I’ll get right back to you. To stay updated with all local real estate information, receive my blog posts via email by subscribing here.  Once you register, you must activate the subscription in a follow-up email.

Share

Leave a Reply