Coconut Grove Homes and Condos for Sale

Archive for the 'Luxury Homes' Category

Grovenor House Sales Almost Double in 2010… So Far

Grovenor House has had 13 sales so far this year, compared to only seven in 2009! There are currently 2 under contract and enough time for more to sell and bump that number even higher.

More good news is that the price per square foot is up impressively, too. Last year’s average square foot price was $518 while this year the number is $570.

To illustrate clearly what this means let’s use one of the three bedroom, three and a half bathroom units with 2,640 square feet. According to the figures above, last year it would have sold for $1,367,520 and this year $1,504,800. To put it another way, last year the apartment would have sold for 91% of what it could bring in 2010!

See all 2010 sales at the Grovenor House

There are 22 places for sale now, ranging from a short sale at $590,000 to a penthouse apartment created from two units asking $16,900,000.

Condos for sale today at the Grovenor House

Grovenor House has one of the best locations in Coconut Grove, just across the street from Dinner Key Marina and the Fresh Market. Combined with the quality craftmanship lavished throughout the building and grounds, and the exceptional amenities and you’re looking at a great place to call home.

If you are interested in buying, selling, or renting in any Coconut Grove condominium give me a call at 305 794.6570 or leave me a message. 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.

 

What’s Happening in Cocoplum and Tahiti Beach?

Cocoplum is a Coral Gables gated community on the bay just south of Coconut Grove. Accessible by car through the single guarded entrance on Cartagena Circle, it is an isolated and insulated enclave of homes with its own marina.

Begun in the late 1970’s, it has grown into an exclusive community of over 400 homes, many of them with direct access to Biscayne Bay.  The Cocoplum Yacht Club has a full-service marina from which several big-game fishing tournaments are held annually, marking it as a world-class facility.

Cocoplum maintains 24-hour manned security at its entrance guardhouse as well as roving patrols offering residents complete peace-of-mind. Community services include a large clubhouse with pool, playground, state-of-the-art gym, tennis courts, basketball court, and a half-court for children. There are beautifully maintained gardens and landscaping throughout the community. You can check out all Cocoplum amenities here.

As of the beginning of July the average selling price for non-waterfront property in Cocoplum is $2,133,333 or $332 per square foot. For the same period, waterfront homes average $2,865,000 or $511 per square foot when sold.

To see all non-waterfront homes on the market, under contract and sold this year click here.

See all waterfront homes available, about to close and closed this year click here.

 

The map above outlines the main area of Cocoplum, but through a second security point and only with advance notice to the guard on duty, you can enter Tahiti Beach. Tahiti Beach waterfront homes have some of the best views of Miami across the water.

So far this year nothing has sold in Tahiti Beach, but you can see all the homes for sale there here. The average square feet in the homes is 9,045, the average asking price is $8,939,000 and the average asking price per square foot is $959.

 If you’re thinking of selling your Cocoplum home or buying in the community, call me at 305 794.6570 or leave me a note.

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An Impressive New Listing on Inagua Avenue

One of the most impressive homes I’ve seen recently is this mini-estate at 2520 Inagua Avenue in the North Grove. It has a flowing and open plan and is filled with natural light through the walls of impact glass doors and windows. The design, by the owner/builder, is really interesting and the craftsmanship is impeccable.

The kitchen has Italian cabinetry, white quartz countertops and Miele stainless steel appliances. One feature that I found very unusual and effective is a glass wall partition that is a quiet cascade of water blocking the view from the entryway to the kitchen.

The one bedroom, one bathroom guest quarters are over the two car garage in the back of the beautifully landscaped property with the large pool and outdoor kitchen.

Included in the home are:

• 4 bedrooms, 4 bathrooms
• 3,802 square feet inside
• 6,339 square feet of land
• 2 car garage
• 1/1 guesthouse
• pool, jacuzzi, out door kitchen
• Listed at $1,749,000 ($460 per square foot) by EWM

You can stay updated about what’s happening in the real estate market in Coconut Grove by subscribing to my new posts. Don’t forget to activate your subscription by the follow-up email.

If you would like to talk to me about the value of your current home or are ready to begin the search for your new home, leave me a note or call me anytime at 305.794.6570.

San Souci Drive – A Private Coral Gables Enclave Off Ingraham Highway

 

At a certain point as you drive along Ingraham Highway in the south Grove it actually becomes Coral Gables! This change begins at San Souci Drive, a quiet and lush cul-de-sac with only 11 homes. For those who don’t know, everything south of San Souci and the next street to the south, Prospect Drive, from Ingraham Highway to the bay is Coral Gables! So the very southernmost end of what feels like Coconut Grove is really a small piece of the Gables.

It’s not often one of these homes changes owners, but Sy Greene of Coldwell-Banker has just listed a real beauty at 158 San Souci. It was built in 1994 on a lot of over 11,700 square feet. It has 4,933 square feet of living space with five bedrooms and 5 and a half bathrooms. Listed for $1,650,000, that’s $334 per square foot, a competitive price in today’s market.

There’s another home under contract at 120 San Souci Drive at the moment, too. It is a unique Zen-like home built in 1979 and exquisitely updated by the current owners. It has 4,178 square feet of living area, 5 bedrooms and 5 bathrooms and balconies off almost every room overlooking the amazingly lush grounds of 12,321 square feet. Originally listed at $1,899,000, the price was lowered to $1,699,000 in February – $406 per square foot – and went to contract the first day of April. I’ll update you on the purchase price when it closes sooon. This home is listed by my fellow EWM Realtor, Carole Smith.

If you are thinking of selling your home or buying a new one you need a local expert who knows the area at the the micro-level, someone who knows the subtleties of every street. Successfully handling real estate transactions in this very area is what I do, everyday for over 20 years. Contact me if you would like to know the value of your property or want to begin looking for your first or next home in the Grove or Gables. You may call me anytime at 305 794-6570, too.

To stay updated with all Coconut Grove and Coral Gables 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.

Who Wouldn’t Want To Live in The Moorings?

One of the most prestigious gated communities of single family homes in Coconut Grove is The Moorings, comprised of thirty-nine homes behind manned gates. These homes, each a statement of the owner’s personality, share riparian rights to the dockage in the protected mooring and to their own park on Biscayne Bay.

At this writing there are 5 homes on the market, which is almost 13% of the properties for sale. This is about 3% higher than normal, but each seller has their own motivation to sell and this doesn’t reflect negatively on The Morrings itself.

I’ve previewed each of the unique homes available now and present them here for you to enjoy…

With the most stunning Bay views I’ve ever seen is 3301 S. Moorings Way. Much of the meticulously detailed design elements were crafted on-site, such as furniture-quality marble baseboards, hand-carved wood crown moulding, and individually stained-before-installing floorboard edges to create an aged look. The kitchen is a work of art, every bedroom and bathroom is unique, every room is huge with soaring ceilings, and although this is the newest home built in The Moorings in 2007, it feels like it’s been sitting there by the water for ages. The asking price is $14,900,000 and it is listed by Avatar Real Estate Services.

 A few houses away is 3333 South Moorings Way listed for $4,480,000 by EWM. This contemporary style waterfront home is sophisticated yet homey. The master suite encompasses the entire third floor, and the living room,  dining room, kitchen, and two bedrooms and bathrooms are on the main second level. The ground floor next to the private 50 foot boat dock and pool is where you’ll find the formal entryway and another bedroom and bath.

If you know me, you know I occasionally fall in love with a house. 3883 S. Moorings Court falls into this category. It is, to me, perfection! Listed by EWM for $3,500,000, it seems to go on forever and have everything. This is another home that was built with meticulous focus on details in a Bermuda Colonial style. The kitchen is a dream with a charming banquette to keep the cook company and a true butler’s pantry, private office, den, staff quarters, and divine formal dining and living rooms. Upstairs and aside from the 4 gorgeous bedrooms and baths is another living room with its own fireplace. There is, of course, a beautiful and tropical pool and spa.

The home at 3462 North Moorings Way has been on the market since February 2008 with GRG, Realtors, dropping six times from $2,997,ooo to the current listing price of $2,290,000. It’s asking price is equivalent to $582 per square foot, which is more than that of the home above at 3885 S. Moorings Ct. The price was last adjusted in January, and it looks like another correction is due. Aside from that, it’s a beautifully updated 1935 Meditteranean villa with 5 bedrooms, 4 full and 3 half baths with a lushly landscaped garden and pool area.

The remaining home for sale in The Moorings is an unfinished structure at 3835 North Moorings Court asking $2,195,000.  The builder will finish the classical French manor to suit the new owner. It will have the main house and guest house with a pool and covered grotto area, and an adjoining summer kitchen. The total bedroom count will be 5, full bathrooms 4, and three half baths.

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And, if you or anyone you know needs the assistance of someone who specializes in Coconut Grove real estate, call me at 305 794-6570 anytime or send me a message.