Center Coconut Grove Townhouse Sells for $1,072,000

September 10, 2015Leave a comment

3122 Virginia Street, Miami, FL 33133
4 bedrooms/3 bathrooms | 3,107sf | Built in 2001 | Sold for $1,072,000

A freestanding “mini mansion” in Center Grove closed on August 24, 2015 for $1,072,000 ($345/sf). The property was originally listed at the end of March 2015 for $1,350,000, and had price reductions in April and May, to $1,190,000 and $1,149,000 respectively. The listing agent was Berk Boge of Miami Real Estate Company.

According to the MLS listing, the property was built in 2001 by “Center Grove’s most experienced developer for his own family.” The home is larger than most in the neighborhood, complete with 4 bedrooms, 3 full baths and 3,100+ square feet of living space. It is also a unique property in that it is freestanding (i.e. shares no walls or roof with a neighboring home, which is the norm in the neighborhood).

The listing further provides that the home features marble and wood floors throughout, 20+ feet ceilings in the foyer and formal living room, formal dining, open kitchen with snack counter and large family room. The property also has a covered, private backyard patio with an oversized pool and summer kitchen, and a two car garage that has been converted into a fifth bedroom.

While this was the priciest townhouse sale in Center Grove over the last 12 months based on sales price (as per the MLS data), its sales price per square foot ($345) is just slightly above the average range for the neighborhood. Situated on Virginia St. just off of Shipping Ave., the property has an ideal location just walking distance to Blanche Park dog and kiddie park and Coco Walk.

Check out more photos of the property below, or click here for a virtual tour. For more information on this sale or other properties in the Grove and surrounding neighborhoods, contact me directly at lindsayrubens@avatarflorida.com or 305.799.2124.

*Photos courtesy of Miami Real Estate Company

“Coconut Grove New Construction” Expands North of US-1

July 13, 2015Leave a comment

2886 SW 32nd Ct., Miami, FL 33133
3 bedrooms/2.5 bathrooms | 2,200 sf | built in 2015 | sold for $536,000

There’s no question that new construction is in high demand in Miami. Who can resist that sleek, ultra-modern look, with its clean lines and high-end finishes? I’ve blogged a lot about the new construction townhouses in Coconut Grove, which continue to change the landscape of the neighborhood and set new records with their ever-increasing price points. Now, many of those developers are heading north of US-1 just outside of Coconut Grove, where the neighborhood is “transitioning” and land is cheaper. These properties are nearly identical to those in Center and West Coconut Grove, yet priced $200,000-$300,000 less!

The property shown above is located at 2886 SW 32nd Ct., just a few blocks north of Coconut Grove and minutes from Coral Gables. It sold on June 29, 2015 for $536,000 or $244/sf. The listing agent was Graciela Arango-Diaz of Florida Realty of Miami Corp. Check out more photos of the property below:

There are a handful of similar properties currently on the market, which range in price from $559k – $699k. Additionally, as The Real Deal recently reported, a 21 unit townhouse project dubbed “Grove Place” at 2701 Southwest 28th Ave. began selling to friends and family this month. According to TRD, the units will have 3,700 square feet, including a rooftop patio, with an interior size of 2,350 square feet. TRD reports that groundbreaking could take place by the end of 2015 with completion in mid-2017.

Check out some snapshots of the current inventory in the neighborhood, including a rendering of Grove Place, below:

: 2376 SW 26 Ln – $699,000

: 3446 SW 23 St – $649,000

: 2635 SW 34 Ave – $559,000

: “Grove Place” – 2701 SW 28 Ave. – prices start at $599,000

If you’re a visual person like me, you will appreciate the map I prepared below. It lays out where each of these properties is located and gives you some perspective as to the properties’ location to Center Grove and Coral Gables :

If you’d like more information on these and other properties in Coconut Grove and the surrounding neighborhoods, contact me directly at 305-799-2124 or lindsayrubens@avatarflorida.com.

Just Sold: Gorgeous Condo at the Ritz-Carlton Residences, Coconut Grove

June 17, 2015Leave a comment

The Ritz-Carlton Residences, Coconut Grove
4300 SW 27 Ave., #1407 | 2 beds/2.5 baths | 1,666 sf | built in 2001 | Sold for $900,000 ($540/sf)

Congratulations to my buyer who just closed on this stunning condominium at the exclusive Ritz-Carlton Residences in Coconut Grove! Tucked away in the heart of Coconut Grove just off of 27th Ave. and Bayshore Drive, the property consists of 2 towers – one for hotel guests, another for residents. The residents’ tower has 22 floors with 115 units, complete with its own residents’ pool and gym. Of course, residents can enjoy the hotel’s premier amenities, such as a state-of-the-art spa and pool, valet and concierge services, as well as the hotel’s cafe and fine dining.

This particular unit features a split floor plan with 2 bedrooms, 2 full bathrooms, a half bath and 1,666 square feet of living space. It was listed with Helen (Jeanne) Nicastri of Coldwell Banker Residential Real Estate. The listing price was $950,000 and the property sold for $900,000 ($540/sf). The unit has sparkling marble floors throughout, an open concept kitchen-dining-living room space, and an oversize balcony with beautiful views of Biscayne Bay, Downtown Miami, and the surrounding Coconut Grove neighborhood. The sellers had updated the property with recessed lighting, fine wood cabinetry with a wet bar and wine refrigerator in the living room, as well as cabinetry in the second bedroom.

One of the best features of the unit is the spacious master suite, which has two large walk-in closets and a gorgeous marble bathroom with a glass shower and separate roman tub. Take a look at all of the photos below! And as always, contact me directly at 305-799-2124 or lindsayrubens@avatarflorida.com for more info on buying or selling a unit at the Ritz-Carlton Residences or the surrounding neighborhoods.

New Construction Sells in West Coconut Grove for $700,000+

June 8, 2015June 8, 20151 Comment

3035 Elizabeth St. #3037, Coconut Grove, FL 33133
3 beds/3 baths | 2,300 sf | built in 2015 | sold for $729,000 ($317/sf) on 5/29/15

If you’ve been following this blog for some time, you may recall my West Coconut Grove Market Update from about six months back. At that time, new construction sales had yet to break $700k (as per MLS data), unlike their counterparts in Center Grove which were selling at prices well above that number. Now, we’re seeing sales in the West Grove reaching $707,000 and $729,000, and a handful of properties with asking prices above $700k are currently pending. These sales are also notable because they reached $307/sf and $317/sf, whereas the average sales price per square foot in the neighborhood is generally in the $100-$200 range.

If the above photo looks familiar, that’s because you’ve seen me post about other notable sales from this particular developer over the past year. It should come as no surprise then that both of these $700,000+ sales were from the very same developer. This new construction model has cropped up all over the Grove, from Orange Street to McDonald to Day Avenue and now Elizabeth Street. A property on Elizabeth just closed for $729,000 ($317/sf), and a property on Day closed for $707,000 ($307/sf), thus raising the bar (and property values) in the West Grove. The listing agent for both sales was Silvia Boschetti with BH Realty, LLC. I have toured these properties multiple times and can attest to their high end designer finishes and open floor plan, ultra-modern fixtures, floor-to-ceiling impact glass, fenced-in backyard with pool, and 950 square foot private rooftop terrace (see photos below).

Curious about other real estate opportunities in Coconut Grove? Contact me directly at 305.799.2124 or lindsayrubens@avatarflorida.com.

Back on the Market: 3103 Oak Ave., Coconut Grove

May 19, 2015August 11, 20151 Comment

3103 Oak Ave., Miami, FL 33133
3 bedrooms/2.5 bathrooms | 2,200 sf | Built in 2004 | $639,000

You may remember this beautiful Coconut Grove townhouse that I listed last fall. Well, it’s back on the market and priced to sell! The asking price is $639,000 (or $290/sf) which is a very competitive price for the neighborhood.

Built in 2004, this 2-story townhouse is located in the heart of Center Grove, just steps to Cocowalk! The property has 3 bedrooms, 2 full bathrooms and a half bath on the main level. The home features gated entry with a one car garage, foyer entrance, marble floors throughout the living areas and bamboo floors in the bedrooms, and a sparkling kitchen with granite counters and stainless steel appliances. The master suite features a walk-in closet with built-ins and a balcony with room to enjoy your morning coffee. The owners have made several modern updates to the property including resurfaced kitchen cabinets, a new, counter-depth refrigerator, new kitchen faucet, gorgeous light fixtures which are included in the sale, and modern railings on the staircase. The backyard features a private patio with plenty of sun and room for a pool. The home is situated across from Kirk Munroe Park and tennis courts, and is just minutes from cafes, schools and more! Check out the photos below. For more information or to schedule a private showing, contact me directly at 305.799.2124 or lindsayrubens@avatarflorida.com.