2018 Center Coconut Grove Sales Recap

coconut-grove-accutour-real-estate-drone-photography-7.jpgAerial view of Coconut Grove

It’s hard to believe that we are already well into 2019! The market for 3+ bedroom townhouses in Center Grove fared well in 2018, with an average sales price of $750,796.08 ($344/sq ft), and an average of 66 days on the market (note that these statistics are via MLS data and do not include off-market sales, including two of my new construction sales noted below).

Here’s a quick recap of some of my notable Center Grove sales in 2018:

– 2975 Jackson Ave., Miami, FL 33133
4 beds | 3.5 baths | 2,940 sf | built in 2018 | sold for $1,150,000

– 3150 Shipping Avenue, Miami, FL 33133
4 Bedrooms | 4.5 Baths | 4,030 SF | built in 2018 | sold for $1,700,000

– 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

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

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

If you’d like a more detailed analysis highlighting the sales and inventory levels of the major markets throughout Miami in Q4 2018, take a look at the Brown Harris Stevens Market Report, here.

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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: New Construction Townhouse Resale in Center Grove

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3167 Gifford Lane, Miami, FL 33133
3 beds/4 full baths | 2,491 sf | built in December 2015 | sold for $963,000

Congratulations to my buyer who just closed on this gorgeous property in Center Coconut Grove! While technically this was a resale, the property is not even one year old and the seller had only lived in the home for a handful of months.  It is a larger townhouse with 3 bedrooms, 4 full bathrooms and almost 2,500 square feet of living space.  This was an off-market sale which closed for $963,000 ($387/sf).

Similar to other new construction homes in the neighborhood, this townhouse is ultra-modern and comes with all of the incredible bells and whistles of buying new construction today (think impact glass throughout, sleek kitchen with white quartz countertops and stainless steel appliances, recessed LED lighting, indoor/outdoor sound system, advanced security system with outdoor cameras, and porcelain tile “wood look” floors throughout).

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This particular property is unique in that it has two A/C zones (one upstairs and one downstairs) as well as a gas range, gas water heater and gas dryer. Other notable features include 20-foot ceilings in the living room and dining room, a large rooftop patio with a wet bar, a spacious backyard with heated pool, 1 car garage with porcelain floors, a spacious built-out closet in the master suite and an enormous rainhead glass shower and soaking tub in the master bath.

And of course, one of the best parts about this property is its fabulous location in the heart of Center Grove.  This home is located on Gifford Lane, a quiet, tree-lined street just minutes from Cocowalk and Downtown Coconut Grove.  It’s not easy to find a new construction property like this in Coconut Grove for under $1 million these days. Even though this property was never listed on the MLS, I live and work in the Grove and found out about this opportunity early on.  I was able to get my client in the door and negotiate a deal for him very quickly, and now he’s the lucky new owner!

If you are interested in buying or selling a home like this in Coconut Grove or the surrounding neighborhoods, I would love the opportunity to work with you! Call or email me at any time at 305-799-2124 or lindsayrubens@avatarflorida.com.

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Market Update: Center Coconut Grove Townhouses

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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:

Address SqFt #Beds #Full Baths #Half Baths List Price LP$/SqFt Year Built
3384 DAY AV #3384 4078 3 2 1 900,000 220.696 2009
2930 CATALINA ST # 2930 2425 3 2 1 769,000 317.113 2014
3030 ORANGE ST # 3028 1918 4 4 0 749,000 390.511 1940
3141 MCDONALD ST # 3141 2300 3 3 0 704,900 306.478 2014
3405 DAY AVE # 0 3800 3 2 1 699,900 184.184 2014
3441 SHIPPING AV # 0 3354 3 2 1 699,000 208.408 2015
3443 SHIPPING AV # 0 3354 3 2 1 699,000 208.408 2015
3243 PERCIVAL AV # 0 2592 3 3 1 689,000 265.818 2014
3241 PERCIVAL AV # 0 2592 3 3 1 689,000 265.818 2014
3234 MCDONALD ST # 3234 2488 3 3 0 689,000 276.929 2007
3379 Day Avenue # 3379 2300 3 3 0 689,000 299.565 2014
3021 ALAMANDA ST # A 2250 3 2 1 685,000 304.444 2007
3375 DAY AV # 3375 2300 3 3 0 675,000 293.478 2014
3262 VIRGINIA ST # A-2 1620 3 3 0 675,000 416.667 1993
2935 VIRGINIA ST # 2935 2360 3 2 1 669,000 283.475 2009
3024 MCDONALD ST # 1 2800 3 2 1 665,000 237.5 2006
3333 RICE ST # 401 1644 3 3 0 650,000 395.377 2006
3067 Virginia St # 3067 2240 3 2 1 650,000 290.179 2001
3169 MARY ST # 2 2160 3 2 1 650,000 300.926 1997
3273 MATILDA ST # 3273 2130 3 2 1 649,000 304.695 2007
2930 BRIDGEPORT AV # D 2621 3 2 1 615,000 234.643 2003
3110 OHIO ST # 3110 2400 3 2 1 599,000 249.583 2006
2924 CENTER ST # 2924 2000 3 2 1 595,000 297.5 2007
3045 HIBISCUS ST # 3045 1922 3 2 1 595,000 309.573 2008
3090 Shipping Ave # 3090 1685 3 2 1 575,000 341.246 2005
3150 OHIO ST # 3150 2206 3 2 1 549,000 248.867 2007
3058 NEW YORK ST # 3058 2134 3 2 1 545,000 255.389 2007
3056 NEW YORK ST # – 2134 3 2 1 545,000 255.389 2007
3447 PERCIVAL AV # 3447 1955 3 2 1 524,900 268.491 2008
3034 ELIZABETH ST # N 2164 3 2 1 489,000 225.97 2005

Recent sales:

Address SqFt #Beds #Full Baths #Half Baths List Price LP$/SqFt Sale Price SP$/SqFt CD Year Built
3155 PEACHY ST # 4 1700 3 2 1 580,000 341.176 574,000 337.647 8/29/2014 1991
2921 SW 30 CT # A 2300 3 2 1 549,000 238.696 540,000 234.783 8/28/2014 2007
3121 PAOLA DR # 16 1898 3 2 1 560,000 295.047 528,000 278.188 8/21/2014 1992
3060 INDIANA ST # 3060 3025 3 2 1 725,000 239.669 695,000 229.752 8/18/2014 2006
3072 NEW YORK ST # 3072 2347 3 2 1 589,000 250.959 560,000 238.602 8/11/2014 2007
3045 VIRGINIA ST # 3 1650 3 2 1 619,500 375.455 590,000 357.576 8/5/2014 1995
3272 Virginia St # A1 1620 3 3 0 580,000 358.024 545,000 336.419 8/1/2014 1993
3175 FLORIDA AV # 3175 2440 3 3 1 769,000 315.164 769,000 315.164 7/31/2014 2011
3131 JACKSON AV # 3131 2236 3 2 1 739,000 330.501 688,750 308.028 7/29/2014 2007
3068 SHIPPING AV # 2 2110 3 2 1 522,500 247.63 472,500 223.934 7/27/2014 1999
3191 OHIO ST # N/A 3858 6 4 2 975,000 252.722 925,000 239.762 7/24/2014 2007
3280 MATILDA ST # 2 2250 3 2 1 699,000 310.667 690,000 306.667 7/24/2014 1998
3045 MATILDA ST # 3045 2420 3 3 1 769,000 317.769 760,000 314.05 7/21/2014 2013
3177 FLORIDA AV # 3177 2440 3 2 1 769,000 315.164 769,000 315.164 7/15/2014 2011
3168 OHIO ST # 3168 2121 3 2 1 522,000 246.11 495,000 233.38 7/7/2014 2006
2843 DAY AV # 2843 2590 3 2 1 699,000 269.884 695,000 268.34 6/30/2014 2000
2889 MCFARLANE RD # 916 1342 3 3 1 650,000 484.352 550,000 409.836 6/26/2014 2001
3063 INDIANA ST # 16 2350 3 2 1 650,000 276.596 630,000 268.085 6/24/2014 2006
2972 BRIDGEPORT AV # 1 2200 3 2 0 399,000 181.364 344,000 156.364 6/24/2014 1983
2974 BRIDGEPORT AV # 2 1750 3 2 0 299,000 170.857 281,000 160.571 6/24/2014 1983
3407 DAY AV # 0 3800 3 2 1 699,000 183.947 679,000 178.684 6/23/2014 2014
3409 DAY AV # 0 3800 3 2 1 699,000 183.947 679,000 178.684 6/23/2014 2014
2922 VIRGINIA ST # 2922 2020 3 2 1 569,900 282.129 550,000 272.277 6/19/2014 2001
3187 LAMB CT # 0 2318 3 2 1 849,950 366.674 775,000 334.34 6/16/2014 2005
3263 ALLAMANDA ST # 3263 2060 3 2 1 655,000 317.961 632,500 307.039 6/13/2014 1994
3062 MATILDA ST # 2 1830 3 2 1 550,000 300.546 545,000 297.814 6/11/2014 1999
3053 ORANGE ST # 0 2140 3 2 1 614,999 287.383 617,000 288.318 6/6/2014 2001
3318 DAY AVE # 10 2400 3 2 1 525,000 218.75 525,000 218.75 5/29/2014 2013
3250 MATILDA ST # A 1720 3 2 1 535,000 311.047 535,000 311.047 5/28/2014 1994
3070 SHIPPING AV # 3070 2354 3 2 1 689,000 292.693 665,000 282.498 5/27/2014 2007
3318 DAY AVE # 8 2400 3 2 1 499,000 207.917 499,000 207.917 5/23/2014 2013
3411 DAY AV # 3411 2232 3 2 1 535,000 239.695 517,000 231.631 5/21/2014 2008
3318 DAY AVE # 1 2400 3 2 1 525,000 218.75 525,000 218.75 5/20/2014 2013
3318 DAY AVE # 6 2400 3 2 1 525,000 218.75 525,000 218.75 5/16/2014 2013
3318 DAY AVE # 5 2400 3 2 1 525,000 218.75 525,000 218.75 5/16/2014 2013
3318 DAY AVE # 3 2400 3 2 1 499,000 207.917 499,000 207.917 5/15/2014 2013
3157 CENTER ST # 3157 2330 3 2 1 679,000 291.416 655,000 281.116 5/14/2014 2004
3318 DAY AVE # 9 2400 3 2 1 518,000 215.833 518,000 215.833 5/14/2014 2013
3318 DAY AVE # 4 2400 3 2 1 499,000 207.917 499,000 207.917 5/14/2014 2013
3318 DAY AVE # 2 2400 3 2 1 499,000 207.917 499,000 207.917 5/9/2014 2013
3318 DAY AVE # 7 2400 3 2 1 499,000 207.917 480,000 200 5/8/2014 2013
3182 OAK AV # 3182 2500 4 4 0 649,000 259.6 649,000 259.6 4/30/2014 2006
2993 RUTH ST # 2993 2075 3 2 1 699,000 336.867 655,000 315.663 4/29/2014 2014
3193 MARY ST # 3193 2100 3 2 1 699,990 333.329 699,900 333.286 4/24/2014 2004
3244 VIRGINIA ST # 3244 1680 3 3 0 439,900 261.845 407,500 242.56 4/21/2014 1970
3143 SHIPPING AV # G 2158 3 2 1 629,000 291.474 610,000 282.669 4/11/2014 2006
2926 VIRGINIA ST # 2926 2170 3 2 1 615,000 283.41 615,000 283.41 4/11/2014 2001
3148 OHIO ST # 3148 2206 3 2 1 439,000 199.003 439,500 199.229 4/10/2014 2007
3111 MARY ST # 3111 3200 3 2 1 724,000 226.25 730,000 228.125 4/1/2014 2003
3030 MATILDA ST # 3030 2360 3 2 1 620,000 262.712 610,000 258.475 4/1/2014 2008
3142 OHIO ST # 3142B 2400 3 2 1 589,900 245.792 579,000 241.25 3/31/2014 2006
3150 GIFFORD LN # 3150 2237 3 2 1 668,000 298.614 655,000 292.803 3/25/2014 2007
3044 ORANGE ST # 0 2318 3 2 1 599,000 258.412 595,925 257.086 3/18/2014 2002
2927 JACKSON AV # 5 1670 3 2 1 619,000 370.659 625,000 374.251 3/14/2014 1997
3146 MCDONALD ST # 3146 2162 3 2 1 589,900 272.849 565,000 261.332 3/10/2014 2005
3120 VIRGINIA ST # 3120 2900 3 2 1 719,000 247.931 710,000 244.828 3/6/2014 2001
2993 RUTH ST # 2995 2075 3 2 1 699,000 336.867 650,000 313.253 3/5/2014 2014
2983 JACKSON AV # 8 1710 3 2 1 598,000 349.708 580,000 339.181 3/3/2014 1995
2843 S BAYSHORE DR # 3F 1682 3 3 0 599,000 356.124 520,000 309.156 2/19/2014 1982
3139 SW 32 AV # 3139 2162 3 2 1 569,000 263.182 545,000 252.081 2/7/2014 2005
3161 DAY AV # 0 1970 3 3 2 520,000 263.959 505,000 256.345 2/7/2014 1972
2825 COCONUT AV # 2825 2476 3 3 1 559,000 225.767 535,000 216.074 2/5/2014 2005
2821 COCONUT AV # 2821 2375 3 3 1 570,000 240 525,000 221.053 1/24/2014 2005
3172 VIRGINIA ST # 9 1845 3 2 1 515,000 279.133 485,000 262.873 1/23/2014 1992
3054 DAY AV # 2 1710 3 2 1 499,000 291.813 472,850 276.52 1/22/2014 1979

 

Pending Sales:

Address SqFt #Beds #Full Baths #Half Baths List Price LP$/SqFt Year Buit
3071 ORANGE ST # 3071 2300 3 3 0 789,900 343.435 2014
3050 DAY AV # 3050 2684 3 3 1 775,000 288.748 2014
3403 DAY AVE # 0 3800 3 2 1 710,000 186.842 2014
3373 Day Avenue # 3373 2300 3 3 0 689,900 299.957 2014
3137 SW 32 AV # 3137 2162 3 2 1 599,000 277.058 2005
2949 SHIPPING AV # 2949 2114 3 2 1 588,800 278.524 2006
2927 DAY AV # 1 2211 3 2 1 574,900 260.018 2005
2907 DAY AV # 1A 1540 3 2 1 560,000 363.636 1996
3250 DAY AV # 3250 4505 3 2 1 549,000 121.865 2008
3158 VIRGINIA ST # 2 1845 3 2 1 475,000 257.453 1992
2869 W TRADE AV # 2869 1719 3 3 0 290,000 168.703 1979

New Construction Townhouses in Center Grove Under Contract in Less Than One Week

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2993 Ruth Street, Units 2993 and 2995, Coconut Grove, FL 33133
3 bedrooms | 2 full baths | 1 half bath | 2,075 sq ft | Built in 2014
Listed by Maria Cardenal of Mariana Martinez Real Estate Broker

These brand-spankin’-new townhouses at 2993 Ruth Street in Center Coconut Grove hit the market last month, and were snapped up almost overnight!  Unit 2993 was listed on January 9th for $679,000, and went under contract 5 days later on January 14th.  Unit 2995 was listed on January 24th for $699,000, and went under contract the following day!

These townhouses have 2,075 square feet, 3 bedrooms, and 2.5 bathrooms, and each unit comes with its own private pool and 1-car garage.  The units feature high-end stainless steel appliances, custom built-ins and ample storage, marble bathroom counter tops, recessed lighting throughout, and beautiful finishes.  Located on a small, quiet street accessible via Virginia St. or Shipping Ave., they are just steps away from the dog and kiddie park (Blanche Park), and minutes from the shops and cafes at Coco Walk.

There is no question that there’s high demand for new (and newer) construction townhouses in this neighborhood.  Within the last six months, a handful of other similar properties went under contract in 35 days or less.  Take a look at all of the sales data from the last six months for properties with at least 2,000 square feet of living space and at least 3 bedrooms, below.

If you’re interested in buying or selling a townhouse in Coconut Grove, contact me any time at 305.799.2124 or lindsayrubens@avatarflorida.com.  Also, if you are interested in new construction listings (like these Ruth St. properties), don’t miss your opportunity to get an offer in!  Contact me today to set up a personalized email so that you are notified as soon as these properties hit the market.

Address Sq. Ft. List Price #Beds #Full Baths #Half Baths Yr Blt Sale Price Closing Date Days on Market
3036 MATILDA ST # 3036 2256 690,000 4 2 1 2008 680,000 12/19/2013 20
3133 JACKSON AV # 3133 2236 659,000 3 2 1 2007 640,000 8/19/2013 4
3154 GIFFORD LN # 3154 2237 650,000 3 2 1 2007 646,000 10/10/2013 54
3170 JACKSON AV # 5 2000 649,000 3 2 1 2003 622,727 6/21/2013 18
3182 LAMB CT # 3182 2368 644,000 3 2 1 2006 610,000 7/24/2013 183
3123 GIFFORD LN # 3123 2258 643,000 3 2 1 2007 630,000 6/30/2013 56
3159 CENTER ST # 3159 2300 639,000 3 2 1 2004 615,000 6/27/2013 67
3103 OAK AV # 3103 2200 625,000 3 2 1 2004 582,500 12/13/2013 114
3068 GIFFORD LN # 3068 2430 619,000 3 2 1 2007 586,850 5/15/2013 56
3101 OAK AV # 0 2200 615,000 3 2 1 2004 595,000 10/1/2013 35
2933 DAY AV # 2933 2144 599,900 3 2 1 2002 595,000 12/12/2013 70
3191 OAK AV # 3191 2673 565,000 3 2 1 2002 520,000 9/19/2013 173
2901 S BAYSHORE DR # 11F 2407 560,000 3 2 0 1975 530,000 12/24/2013 280
3162 OAK AV # 3162 2500 559,000 4 4 0 2006 528,000 8/23/2013 156
2981 SHIPPING AV # B 2000 549,000 3 2 1 1995 519,000 8/19/2013 70
3166 OAK AV # 0 2500 528,200 4 4 0 2006 530,000 12/13/2013 20
3265 ALLAMANDA ST # 3265 2060 439,000 3 2 1 1994 425,000 5/14/2013 6
3143 SHIPPING AV # G 2158 350,000 3 2 1 2006 326,000 9/30/2013 93