Coconut Grove Homes and Condos for Sale

Archive for the 'South Coconut Grove' Category

Coconut Grove Homes Listed For $500,000 and Less

Some buyers may have felt the opportunity to own a home in Coconut Grove had passed them by, but today there are 44 single family homes and free-standing townhouses on the market at or under $500,000.

Pictured below is a home in the north end of the Grove at 2627 Halissee Street. It’s a 4 bedroom 3 bathroom home with 2043 square feet on a gorgeous lot with a pool. It was listed at $599,000 in January as a regular sale, then as a short sale for $567,000 by Coldwell-Banker in April. Today the asking price is $499,000.  That’s $244 per square foot, not out of line for such a great location, when the average asking price per square foot for all these homes is $226.

 

Of the forty-four homes on this list, 16 homes are short sales. Because any purchase requiring financing depends on the appraisal price we have finally reached a point where there’s really no striking difference between a regular, traditional sale and a short sale. Savvy sellers know that their properties must be priced similarly to comparable homes, even if that other home is a short sale, and they are much more willing to make the adjustment if it gets their property sold.

To see all the homes listed for $500,000 and less click here.

If you would like to see a list of Coral Gables homes listed under $500,000 refer to my recent post here.

It truly is a great time to buy! Interest rates are lower than ever before and there’s a great selection of homes for sale. If you would like to see 2627 Halissee Street or any of the homes in this price range, please call me at 305 794.6570 or you can leave me a note here .

Own a Piece of Old Coconut Grove Grove!

I previewed a home at 3991 Kumquat Avenue on Wednesday that is a quintessential “old Grove” house. There are so few of these left in any condition, and this one has been beautifully updated without losing the inherent charm and character of its 1935 construction.

From the street your view  is completely blocked by thick foliage and you can’t really be certain there’s anything behind the gate. Once you enter, though, you’re in a jungle-like lot with towering oak trees,banyans trees, ferns, palms, heliconias, crotons, and you name it!

The main house has two bedrooms, each with its own gorgeous bathroom. The gourmet kitchen, dining room and living room all share one large and airy space with a fireplace, French doors across the entire back of the house, built-in bar, and a skylight. The whole house is covered by a tremendous vaulted roof/ceiling.

The backyard is an entertaining oasis with a huge covered gazebo under an old banyan tree. Following a path from the main deck takes you to one of the coolest guesthouses around! It’s another big open room fitting a seating and dining area and a very comfortable bed facing a large TV. There’s a full bathroom and kitchenette, and tons of storage.

The features of this very special home listed by Coldwell-Banker are as follows:

• Asking price: $795,412
• 2 bedrooms and 2 bathrooms in the main house
• One bathroom in the guesthouse described above
• Square feet: 2048
• Lot size: 14,488
• Built in 1935

If you’re looking for an old piece of the Grove to call home, give me a call at 305 794.6570. I’d love to show it to you!

I’m always available for any of your real estate needs. To stay updated with all Coconut Grove 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.

Current Listing and Sales Prices In My Neighborhoods

This site covers the area between The Roads and Shenandoah, through Coconut Grove, encompassing the entire area of South Miami, and all of Coral Gables. The table below shows the listing and sale prices of these neighborhood homes, and what that equals in price per square foot.

The closed sales reflect activity within the last 90 days, which is the time appraisers use for establishing value for financing purposes. If you’re thinking of selling your home, besides inviting you to give me a call, I hope this will be a good guide for you as you consider the value of your home.

I researched Coconut Grove and Coral Gables by specific criteria, waterfront and non-waterfront, or dry lots. I further broke down Coral Gables as everything north of Bird Road, and then the homes south of there.  Coconut Grove is generally known by its three areas, and the center Grove has so few single family homes that it isn’t included in this table.

In South Miami I show data for High Pines and the Ponce-Davis neighborhood, then the rest of the area in its own line.

To stay updated with real estate information about these neighborhoods, receive my blog posts via email by subscribing here.  Once you register, you must activate the subscription in a follow-up email. To reach me immediately, call me at 305.794.6570 anytime.

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.

To be updated with all new Coconut Grove real estate information you can subsribe by email or RSS feed.

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.