JUST SOLD: Stunning New Construction in South Coconut Grove

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3630 N Bay Homes Dr, Miami, FL 33133
5 beds/5.5 baths | 5,481 sq ft | 9,212 sq ft lot | built in 2019 | sold for $3,300,000

I am thrilled to share the details of this spectacular new construction home that my buyers just closed in South Coconut Grove! Located on a quiet, private street just steps from the bay, this stunning property is an architectural beauty.

Features include a sculptural staircase plus elevator, a large open floor plan, and endless floor to ceiling windows that overlook an extensive 60 foot lap pool and lush vegetation from every corner. Stylish modern finishes, ample closets and top-of-the-line appliances complete this 5 bed/5.5 bath home.

Scroll below to see all the gorgeous photos!

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Congratulations to the lucky buyers and sellers on the sale of this very special home!

For more information on this or similar properties in Coconut Grove and the surrounding neighborhoods, please contact me directly at 305.799.2124 or LRubens@bhsusa.com.

Nation Saw Rapid Townhouse Growth in 2018

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The national market for townhouses is up 24 percent over the last four quarters of data production of townhouses, according to the National Association of Home Builders (NAHB). In fact, the townhouse market is growing eight times as fast as the overall single-family market.

Across the nation, the NAHB points to rising construction and land costs, as well as soaring prices for new single-family homes, as some of the reasons why builders and buyers are turning to the high-density urban model.

Locally, in Center Coconut Grove, we see more townhouse resales than new construction simply because of the lack of available land. Yet, the demand for both townhouse resales and new construction sales remains strong in Coconut Grove as more and more homebuyers (millennials and empty nesters alike) desire the Grove’s central location, as well as a mix of suburban and urban elements that the Grove provides.  Additionally, many buyers find that the townhouse provides more bang for your buck in Miami, where single family home prices skyrocketed in recent years.

Below are some of the available townhouse listings in Coconut Grove. For more information about buying or selling a townhouse in Coconut Grove or the surrounding neighborhoods, contact me directly at 305.799.2124 or LRubens@bhsusa.com.

 

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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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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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