Beth Kipnis

Buyer's Information Category

Coconut Grove Homes Value Increased in 2011

Now that all the figures for 2011 Coconut Grove home sales have been reported I wanted to see how the final numbers compare to 2010. In both the north and south Grove single-family homes have increased in both average sale price and price per square foot.

Looking at figures for the North Grove the average sale price is $755,071, up from $702,515 in 2010. The per square foot average is up from 2010’s $249 to $263 . There were 51 sales in 2010 and 65 last year.

South Grove also had healthy increases in average sale price and per square foot average. In 2010 the average sale price was $938,698 ($282 per square foot) compared to last year’s $993,000 ($293 per square foot). There were 104 sales in 2011 and just 66 the year before.

So far this year there have been 10 sales in the South Grove with an average square foot price of $297, and in the North Grove 7 sales at an average of $243 per square foot.

Coconut Grove is a unique village, and you need a hyper-local specialist working for you here. Whether you are selling, buying, renting or investing I can help you make the right decisions. Call me at 305 794.6570 or leave me a note.

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Make Your Homestead Exemption Application Now. Here’s How!

Don’t forget that new homeowners have until March 1 to apply for Homestead Exemption, which lowers the assessed tax value by up to $50,000. The main qualifications are that the property must be your primary residence and you must have moved in by January 1.

Application is easy and done only one time as long as it remains in the original owner’s name(s). Complete guidelines and forms are available at the Property Appraiser’s Site.

Take a few minutes now and get this out of the way. The money you save is well worth it and March 1 will be here before you know it!

If you have questions about applying or want to discuss your next real estate move, call me at 305 794.6570 or  leave me a note .

If you or someone you know is thinking about buying or selling a home any time in the next year, please call to let me know. It would be my pleasure to contact and work with your referral. My commitment to you is to treat them with the utmost care as they work towards buying or selling a home.  Referrals are the core of my business and are always appreciated.

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Original Coconut Grove Bungalow For Sale

There aren’t many original Grove bungalows left anymore, but one dating from 1921 is for sale at 3571 Linden Lane for $495,000. This 2 bedroom, two bathroom gem hasn’t been messed up by thoughtless renovations and it simply oozes charm!

It sits on a corner lot ( 8,800 square feet) behind a high wall which hides the lush tropical gardens surrounding the house. Winding Chicago-brick pathways lead to zen-like pockets where you’ll find shady seating, sculptures, and a pond with waterfall. There’s also a large deck off the bright Florida room and kitchen that is a natural extension of the 1,668 square foot home and is made for entertaining.

You enter through a coral rock screened porch to the living room graced by a coral rock fireplace and Dade County pine floors. Those floors extend throughout the entire house.

The kitchen has been updated to today’s standards, keeping the period feel of the place intact , and includes a Jenn Aire gas range. The open wall into the Florida Room keeps the cook in front of family and guests, unusual in homes from this time. Both rooms open onto the deck, as does the butler’s pantry off the dining room.

The house is truly special, and I really hope whoever buys it will preserve the charm and not – egads! – tear it down.

If you’re interested in this house, call me at 305 794.6570 for an appointment to see it.

Coconut Grove is a unique village, and you need a hyper-local specialist working for you here. Whether you are selling, buying, renting or investing I can help you make the right decisions. Call me at 305 794.6570 or leave me a note.

If you enjoyed reading this article, why not Subscribe to receive the next one? Once you register, you must activate the subscription in a follow-up email.

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