Center Coconut Grove Market Update

GetMedia.ashx-143121 Oak Ave, Miami, FL 33133
3 beds/3.5 baths | 2,410 sq ft | built in 2009 | sold for $1,000,000 on 9/28/18
Listed with Michael Light/Douglas Elliman

The 3+ bedroom townhouse market in Center Coconut Grove has continued to see strong sales over the last six months, with an average sales price of $749,409.52, an average sales price per square foot of $332.66, and with listings seeing an average of 59 days on market.

Over the last six moths, there have been two sales over $1,000,000 (one resale and one new construction property), as well as four sales in the $900k range (two resales and two new construction properties).  Two sales had a price per square foot of $400.00+, with a handful of sales in the high $300’s per square foot.

View all the data in the graph below.  Keep in mind that this is per SEF MLS data and does not include off-market sales, including my two new construction sales in July (which sold for $1.15M and $1.7M).

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Most recently, a townhouse at 3121 Oak Avenue sold for $1M ($414.94/sf).  This was a resale, as the property was originally built in 2009. The townhouse is a stand-alone property which is very rare for the neighborhood (meaning the townhouse does not share any walls or roofs with its one identical neighboring townhouse).  Other notable features included a 2-car garage, private pool, hurricane impact windows/doors, and large 1,200 square foot rooftop patio with summer kitchen. Click here for more photos/info of this property.

Inventory in the neighborhood continues to remain low, making it an excellent time to sell.  If you are thinking about buying, selling or renting a home in Coconut Grove or the neighboring communities, contact me directly at 305.799.2124 or lrubens@bhsusa.com.

Just Sold: 2 New Construction Townhouses in Center Grove

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2975 Jackson Ave., Miami, FL 33133
4 beds | 3.5 baths | 2,940 sf | sold for $1,150,000

Congratulations to my buyers who recently closed on their gorgeous new construction homes in Center Coconut Grove! The two townhouses, located on Jackson Ave. and Shipping Ave., were designed and built by the same developer, Drive Development. The projects were truly a labor of love as both buyers worked tirelessly with the developer from start to finish to customize nearly every detail of the homes.

These townhouses are unlike any other property currently existing in Center Coconut Grove, from the extra large floor plans to the custom millwork, supreme finishes and high quality construction.  Scroll below to view all of the beautiful renderings and photos of these homes. For more information on these properties or other new construction opportunities in Coconut Grove, contact me directly at lrubens@bhsusa.com or 305.799.2124.

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3150 Shipping Avenue, Miami, FL 33133
4 Bedrooms | 4.5 Baths | 4,030 SF | sold for $1,700,000

 

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KITCHEN

MASTER BATH 2

WINE BAR

MASTER BEDROOM 2

Just Sold: Three Unique Townhouses in Coconut Grove!

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The first half of 2018 has proven to be busier than ever! Back in February, I sold my fabulous listing at 3373 Day Ave for above list price after a bidding war ensued!  And just last week, two of my clients closed on their Coconut Grove townhouses: my seller closed on the sale of her home in the beautiful gated community, Grove Walk Townhomes, at 3135 Gifford Lane (the highest sale in the community to date!); and my buyers closed on the purchase of their gorgeous new home at 3035 Orange Street.  Congratulations to all! Scroll below for more photos and info.

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3373 Day Ave, Miami, FL 33133
3 beds/3 baths | 2,014 sq ft | built in 2014 | asking price $799,000 | sold for $800,000

 

 

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3035 Orange St, Miami, FL 33133
4 beds/3.5 baths | 2,881 sq ft | built in 2007 | sold for $950,000

 

 

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3135 Gifford Ln Unit A, Miami, FL 33133
3 beds/2.5 baths | 1,430* sq ft | built in 1994 | sold for $550,000

*sq ft as per appraisal

JUST LISTED: 3373 Day Ave, Coconut Grove

003-Front_View-5037864-medium 3373 Day Ave, Miami, FL 33133
3 beds/3 baths | 2,014 sq ft | built in 2014 | asking price $799,000

I am thrilled to share this STUNNING townhouse which I just listed for sale in Coconut Grove! This is a rare opportunity to purchase a newer construction (2014) modern townhouse with 3 bedrooms, 3 full baths, 2,014 sq ft, and a HUGE 950 sq ft rooftop deck with a beautiful summer kitchen.

This home has a fabulous open floor plan: the foyer entry flows through to a sitting and dining area, large kitchen, living room and bar, complete with a gorgeous view of the lush backyard and sparkling pool. This first level also includes one full bath with a glass shower, as well as entry into the 1-car garage.

The home features white marble floors on the first level and porcelain tile “wood-look” floors on the second level & rooftop, impact glass windows and doors, and recessed lighting throughout the home. The stunning chef’s kitchen has quartz countertops, top of the line Mia Cucina cabinets and Jenn-Air appliances, and loads of storage. Other notable features include California Closets, electric shades in the living room and master bedroom, gated entry to the driveway, and security cameras in the front and back of the home.

If you love to entertain, this home has it all: the 950 sq ft rooftop patio is fully tiled with porcelain “wood look” floors, complete with outdoor speakers, a beautiful summer kitchen and fantastic views of the city.   On the first level, the Seller upgraded the home with a sleek built in bar with luxe cabinetry and a wine refrigerator.  Enjoy music and media in 5 zones throughout the home with the “Control 4” Smart Home system.  And the spacious backyard includes outdoor speakers, a tiled patio, lush landscaping and a lovely pool.

Located on Day Avenue, just two blocks west of McDonald St., you’re just a quick walk or drive to Coconut Grove’s parks, restaurants and shops.

Check out the gorgeous photos below, click here for more info, and contact me today to schedule a private showing of this property! If you’re interested in this property or similar properties in the Grove and surrounding neighborhoods, I can be reached anytime at 305.799.2124 or Lrubens@bhsusa.com.

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Just Rented for Asking Price: 3167 Gifford Lane, Coconut Grove

038-4311322-medium4x33167 Gifford Lane, Miami, FL 33133
3 beds/4 baths | 2,491 sq ft | Built in 2015 | Rented for $6,200/month

Earlier this summer, I posted about this newer construction (2015) ultramodern townhouse that I had listed for rent in Center Coconut Grove.     You may recall that it is a nearly brand new, larger townhouse with 3 bedrooms, 4 full bathrooms and almost 2,500 square feet of living space.  It has all of the incredible bells and whistles that come with high-end new construction (impact glass throughout, sleek modern kitchen with white quartz countertops and stainless steel appliances, recessed LED lighting, indoor/outdoor sound system, advanced security system with outdoor cameras, porcelain tile “wood look” floors throughout), as well as a large rooftop patio with wet bar, two A/C zones, and a spacious backyard with a heated saltwater pool.  We had a ton of interest right from the get-go, and within just a couple weeks we received a full priced offer for $6,200 per month!

This transaction is a perfect example of how an experienced agent who specializes in a particular neighborhood can make all the difference (and can usually help a seller or landlord make more money!).  When my client initially asked me how much he could get to rent out his home, I knew I would not find any comparable properties on the MLS that had recently rented.  Since I live and work in the Grove and know the market so intricately, I was well aware that my client’s property was super unique and incomparable to the mostly older townhouses that had been renting in the neighborhood for around $4,500/month give or take.  My client was elated when I told him that I truly believed his property was worth $6,000 – $6,500 per month, as it was more comparable to a new or completely renovated single family home in the North or South Grove.  After careful consideration he decided to list it for $6,200/month, and we were thrilled to receive a full price offer just a couple weeks later.  Imagine if my client had listed the property with another agent who works outside of the Grove – s/he would most likely have relied on the MLS comparables and suggested a list price of $1,000 – $2,000 less per month!

Take a look at all of the photos of this property, below.  If you are interested in selling or renting a similar home in Coconut Grove or the surrounding neighborhoods, contact me today for a customized property analysis. I can be reached any time at 305-799-2124 or LRubens@bhsusa.com.

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