Under $500k: Luxury Living at the Ritz-Carlton Residences, Coconut Grove

A1964557_301_15The Residences at The Ritz-Carlton, Coconut Grove
3350 SW 27 Ave., #1603
1 bedroom/1 bathroom/1 half bath | 896 sf | $499,000

After a bit of a hiatus, Under $500k is back! – and this week, I’m featuring a modern and bright 1 bedroom unit at The Residences at The Ritz-Carlton, Coconut Grove.  Tucked away in the heart of Coconut Grove just off of Bayshore Drive, these Ritz-Carlton residences are located in one of Miami’s most exclusive neighborhoods surrounded by nearly two acres of lush tropical gardens and views of Biscayne Bay.  Built in 2002, the property consists of 2 towers (one for hotel guests, another for residents), and the residents’ tower has 22 floors with 115 units.  Residents can enjoy the hotel’s premier amenities, such as a state-of-the-art spa and fitness center, luxurious pool, valet and concierge services, as well as the hotel’s cafe and fine dining.  It’s also worth noting (for all of your dog lovers – like me!) that the Residences are pet-friendly.

The property I am showcasing  is #1603 and it has 1 bedroom, 1 full bathroom and 1 half bathroom.  It has just under 900 square feet and is listed for $499,000 ($554/sf). The property is listed by Mitzi Mitchell of Cervera Real Estate.  The unit features beautiful modern finishes including beige marble floors throughout with Venetian plaster walls. It has a large balcony overlooking sailboats on the bay and a sparkling city skyline at night.  The spacious master bedroom has a walk-in closet and a luxurious en-suite master bathroom with dual sinks, a bath tub, glass-enclosed shower, and ample cabinetry.  The kitchen is light and bright with granite counter tops and stainless steel appliances, and the powder room is a great added bonus for entertaining.

One of my favorite parts about this property is all the gorgeous light fixtures.  While recently decorating my new house, I became obsessed with light fixtures – they’re an easy way to make a dramatic change in a space.  I’ve counted three sparkling light fixtures throughout this property – one in the kitchen, and one in each bathroom.  They are super chic and provide the perfect touch of luxury!  Scroll down to see all the photos, as well as recent sales activity in the building:

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Master Bedroom

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Master Bedroom

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Master BedroomA1964557_A01_16

Master Bathroom

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Master Bathroom

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Kitchen

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Powder Room

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Living Room

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Hotel Lobby

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Pool Deck

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Hotel Dining

Below is the sales data for the last 12 months:

Unit Sq Ft #Beds #FullBaths #HalfBaths List Price Sale Price Price/SqFt Date Sold
# 1105 959 1 1 1 410,000 405,000 422.315 5/30/2014
# 1401 2235 3 3 1 1,329,000 1,250,000 559.284 4/22/2014
# 1406 2028 2 2 1 849,000 849,000 418.639 1/8/2014
# 2202 2607 3 3 1 1,750,000 1,675,000 642.501 11/12/2013
# 2203 1831 2 2 1 825,000 750,000 409.612 9/16/2013
# 1603 896 1 1 1 499,000 480,000 535.714 9/6/2013
# 1904 1084 1 1 1 499,000 468,000 431.734 9/4/2013
# 1806 938 1 1 0 399,000 395,000 421.109 8/15/2013
# 1004 2028 2 2 0 799,000 725,000 357.495 8/2/2013
# 1601 2235 3 3 1 1,475,000 1,250,000 559.284 7/2/2013
# 906 2028 2 2 1 795,000 740,000 364.892 7/1/2013

Below are all of the available units for sale in the building:

Unit Sq Ft #Beds #FullBaths #HalfBaths List Price
# 1901 2530 3 2 1 1,599,000
# 1002 2032 3 3 1 1,230,000
# 1204 2028 2 2 1 925,000
# 1603 896 1 1 1 499,000
# 1003 896 1 1 1 495,000
# 1706 938 1 1 1 459,000
# 907 896 1 1 1 450,000

Contact me at lindsayrubens@avatarflorida.com or 305.799.2124 for more information.  Happy weekend!

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