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Buyer’s Information Category

Looking For A Home On A Large Lot?

Kiaora Street is one of the most exclusive in all of Coconut Grove. Only thirteen homes front onto this lushly overgrown south Grove lane, with lots between one-half and two acres in size. Considering that only a handful of homes in the Grove have over 20,000 square feet of land, you can see why this one is so unique.

The original homes were built in the late 1930’s and throughout the 1940’s and have been extensively enlarged and renovated over the years. Today there are two stunning homes for sale which is a rare occurrence.

4040 Kiaora St

The 66 Foot Lap Pool Leads to the Three Room Guest Cottage

Currently listed for $2,825,000, 4040 Kiaora is a 6 bedroom/6 bathroom two-story home built in 1949 and listed by EWM.

The Screened Patio Across the Back of 4060 Kiaora Street

The Screened Patio Across the Back of 4060 Kiaora Street

Truly breathtaking is the only way to describe the tropical gardens of 4060 Kiaora listed by One Sotheby’s for $4,650,000.

See all Coconut Grove listings with extremely large lots

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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Get That Key West Feel in a North Grove Location

New to the market this week is another of my favorite homes at 3071 Lucaya Street. The original 1949 bungalow was enlarged and completely rebuilt in 2006 with impact doors and windows (lots of both), metal roof, gorgeous pool area, and a second floor.

3071 Lucaya Street

At the center of everything downstairs is the kitchen where family and guests can enjoy watching the cook from across a butcher-block topped work area open to everything. There’s a formal dining area as well as alfresco dining on the covered patio by the pool.

3071 Lucaya Kitchen

3071 Lucaya Street Living Area

Arriving upstairs the first thing you reach is a large family room where the kids can do homework or watch television, or the family can simply be together without going downstairs. There are 3 large bedrooms plus the master suite on this floor. The master has a vaulted ceiling and a wraparound terrace overlooking the very private walled-in yard with a sparkling 20 X 40 pool.3071 Lucaya St Pool Area

The price is $1,520,000. Other details include

  • Four bedrooms / 4 bathrooms
  • Living Area: 3,792 square feet
  • Land Size: 10,201 square feet
  • 2 car garage
  • Impact windows and doors
  • Wood and marble floors
  • Crown moldings

This home is listed by Gwen Taylor of EWM. If this is the home you’ve been longing for call me at 305 794.6570 to arrange an appointment!

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. 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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Figures Show the Coconut Grove Market Has Improved in 2012

If you’re looking for a home to buy in Coconut Grove you already know there’s just not much available. The inventory has steadily gone down for over two years years.

Be ready to make an offer when the right home shows up. If you’ll be financing your purchase you need a pre-approval letter for a mortgage from a reputable lender. This will be included in your original offer, and shows you are a serious buyer.

In the upcoming charts you’ll see the history of single family homes in Coconut Grove going back 15 months. It shows that there are less homes selling more quickly for closer to asking price than before.

B2-B4-2C-44-05-AA-4A-14-BE-48-A9-3F-22-BB-16-2A_1B_201208
SINGLE FAMILY HOMES FOR SALE, UNDER CONTRACT AND CLOSED

The chart above shows the trend of less properties on the market and more sales from August this year compared to the same time last year. The number of single family homes is down 32% and the number sold is up 28%.

Chart showing the decrease in time on the market and closer to asking price sales
SINGLE FAMILY HOMES: DAYS ON THE MARKET AND SALE PRICE TO LIST PRICE %

At the same time, houses are selling in less days for purchase prices closer to listed prices. This is great news for sellers, and not so much for those looking for new homes.

I recommend that if you find a house you like, make a strong offer as quickly as you can. There is quite a bit of competition for every home and you don’t want to lose it to someone else.

If you would like to know the value of your home I am available for a no-pressure consultation. Just give me a call at 305 794.6570 to arrange a convenient time.

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. 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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