3069/3071 Orange Street

As you’re probably well aware by now, I’m a big fan (and new resident of!!) Center Coconut Grove.  I’ve written a lot about the high demand in the neighborhood and the new construction going up in the area (see here and here).  It’s been about 6 months since my last market update, so let’s take a look at what’s been cookin’!

For this market report, I only looked at properties with 3 bedrooms or more and all data was taken from the Multiple Listing Service (MLS).  The current inventory includes 29 properties with prices ranging from $489,000 to $769,000, and the asking price per square foot ranges between $225 and $416. (I’ve excluded a property on Day Av. that is being sold with both units in the structure for $900,000).

As for closed sales in 2014, there have been 65.  The lowest priced sale this year was an older property from 1983 that needed loads of remodeling.  The property’s address is 2974 Bridgeport Ave. #2, and it sold for $281,000 ($160.57/sf) on 6/24/14.  The highest priced sale this year was 3191 Ohio St. which sold for $920,000 on 7/24/14 (however, that sale included both units in the structure so it should not be used as a comparable property).  The next highest sale was 3187 Lamb Ct., which sold for $775,000 ($334/sf) on 6/16/14.

There are 11 sales currently pending, 4 of which are new construction properties on Orange St. and Day Av.  The asking prices for these properties range from $689,900 to $789,900.  The photo at the top of this post shows the completed new construction properties at 3069 and 3071 Orange St., which are now both under contract.

Take a look at all of the data below, and contact me directly at lindsayrubens@avatarflorida.com or 305.799.2124 for more info on buying or selling a home in Center Grove or the surrounding neighborhoods.

Active listings:

Recent sales:

Pending Sales: