Market Update – New Construction Townhouses in Center Coconut Grove

July 16, 2014July 16, 201413 Comments

I have previously discussed the high demand for townhouses in Center Coconut Grove. As demand continues to remain strong, we’re seeing a handful of new construction properties going up in the neighborhood with price tags upwards of $700k. These new townhouses are sleek and modern, complete with impact glass windows, private pools, high ceilings and beautiful kitchens with high end appliances. Some of these properties are even selling before the developer has a chance to market them (check out 3035 Matilda, below). Take a look at some of these new properties:

3375/3377 Day Ave.

Asking Price: $675,000
Bedrooms: 3
Bathrooms: 3
Half baths: 0
Size: 2,300sf
Pool?: Yes
Features: High-grade designer finishes and open floor plan, ultra-modern fixtures, floor-to-ceiling impact glass, private rooftop terrace with beautiful views of lush, tropical neighborhood, 950 SF rooftop terrace, 1 car garage.

3405 Day Ave.

Asking Price: $699,900
Bedrooms: 3
Bathrooms: 2
Half baths: 1
Size: 3,800
Pool?: Yes
Features: Dual sinks, spa tub & shower, bidet, high volume ceilings throughout, gourmet contemporary design island kitchen, pool with covered patio & deck, lush landscaping, 1 car garage with additional parking.

3035 Matilda

As per the listing agent, these properties have already sold! The agent tells me that the asking price was $760,000 and that the units have 3 bedrooms, 2.5 baths and 2,500 square feet. The developer is planning to build a few other similar properties on Gifford Lane and Shipping Ave.

3050 Day Ave. (Under Contract as per the Multiple Listing Service)

Asking Price: $775,000
Bedrooms: 3
Bathrooms: 3
Half baths: 1
Size: 2,684sf
Pool?: Yes
Features: 10 ft high ceilings on the first floor and 9 ft high ceilings on the second floor, high efficiency central air, pre-wired for high speed communications and surround system, energy-efficient high performance appliances, contemporary European designed cabinetry and premium finishes, quartz counter tops, imported designer porcelain tile floors, alarm system, 1 car garage

3069/3071 Orange St.

Asking Price: $700,000’s
Bedrooms: 3
Bathrooms: 3
Half baths: 0
Size: 2,300sf
Pool?: Yes
Features: High-grade designer finishes and open floor plan, ultra-modern fixtures, floor-to-ceiling impact glass, private rooftop terrace with beautiful views of lush, tropical neighborhood, 950 SF rooftop terrace, 1 car garage.

2930 Catalina St.

Asking Price: $769,000
Bedrooms: 3
Bathrooms: 2
Half baths: 1
Size: 2,425sf
Pool?: No
Features: 1 car garage, 9 foot ceilings throughout, open concept kitchen and family room, wood cabinets, granite countertops, stainless steel appliances, huge master suite with dual sinks, separate shower/bath and walk-in closet, fully fenced with automatic front gate.

3241/3243 Percival

Asking Price: $689,000
Bedrooms: 3
Bathrooms: 3
Half baths: 1
Size: 2,592 sf
Pool?: No
Features: Custom kitchen cabinets, granite countertops, 10 & 9 foot ceilings, 1 high EE air conditioning & heating unit, EE tankless water heater, pool with deck and large covered patio, 1 car garage with additional gated parking gated. Completion 1/20/15.

The following properties have recently sold:

3407/3409 Day Ave.

3407 Day Ave.:
Asking price: $699,000
Sale Price: $679,000 on 6/23/14

3409 Day Ave.:
Asking price: $699,000
Sale Price: $679,000 on 6/23/14

2993 Ruth St., #2993 and #2995

2993 Ruth Street #2993:
Asking price: $699,000
Sale price: $655,000 on 4/29/14

2993 Ruth Street #2995:
Asking price: $699,000
Sale price: $650,000 on 3/5/14

Interested in buying or selling these or other similar properties? Contact me today at 305-799-2124 or lindsayrubens@avatarflorida.com.

New Details on Park Grove via the Miami Herald

July 9, 20141 Comment

Coincidentally, the Miami Herald ran an article on Park Grove shortly after my blog post yesterday. The article reveals new details on the 5.2 acre project, including that the two 20-story bayfront towers (Tower 1 and 2) will each have 72 units, and that the third tower (also 20-stories) will have 140 smaller units toward the rear of the property. The bayfront towers will have floor-to-ceiling glass exterior walls with 12-foot ceilings, and the rear tower (Tower 3) will have 10-foot ceilings.

The Herald also reports that only one of the two bayfront towers is open for reservations, and about 30 percent of the units have sold since May. The rear tower, which began taking reservations three weeks ago, is about 20 percent sold. Construction is expected to begin early next year. As for prices, the bayfront tower currently for sale is priced in excess of $1,000 per square foot, ranging from about $2.1 million for a 2-bedroom, 2 1/2-bath unit to about $4.6 million for a 4-bedroom, 5 1/2-bath unit, excluding penthouses. Tower 3, which will have smaller units, is about $900 a square foot.

The project also includes a scheduled “major public-private makeover” of the waterfront, a new park, as well as a 50,000-square-foot “retail village” at the rear of the property by Mary Street and Tigertail Avenue. It is also reported that the project will include a variety of artwork, notably a sculpture installation by Spanish artist Jaume Plensa that will be displayed in front of the development.

You can view the full article here.

Miami New Construction Spotlight – Park Grove

July 8, 2014Leave a comment

Park Grove
Bayfront Residences
2701 Bayshore Drive | Coconut Grove

In this Miami New Construction Spotlight, I’m featuring the newest pre-construction project to hit the Coconut Grove neighborhood: Park Grove. Designed by Rem Koolhaas’ Office for Metropolitan Architecture and developed by Terra Group and Related Group, Park Grove will sit on Bayshore Drive at the site of the Coconut Grove Bank, providing expansive views of the bay, marina and the village of Coconut Grove.

Described as striking “a thoughtful balance between direct access to downtown Miami and a sense of serenity and separation,” Park Grove is the ultimate location for those who desire that perfect combination of “upscale bohemian living” in Coconut Grove, with the excitement of Miami’s nightlife at their fingertips.

The project will consist of 3 towers and will be constructed in phases with Towers 2 and 3 being sold first. Floor plans will range from 1-4 bedrooms with approximately 800 sq ft to nearly 3,000 sq ft. One of the notable features of Park Grove is that the units will be delivered totally finished (similar to Echo Brickell), with interiors by William Sofield (if you’ve seen Sofield’s work, you know these interiors will be très chic).

Scroll down for photos and more info:

Features of Park Grove:

Developed by Terra Group & Related Group
Designed by World-Renowned Architect OMA /Rem Koolhaas
Expansive Bay and City Views
Certified LEED ® Silver
24-Hour Concierge and Valet Service
Nautical Themed Concierge for Booking Yachts, Boats, Sailing Lessons, etc.
Butler Service
Private Business Center with Meeting Rooms
Lush Landscaped Gardens by Enzo Enea
Sculpture Garden
Artwork by Notable Sculptors and Artists
Lobbies and Amenity Area Designed by William Sofield
Luxurious Pool with Private Cabanas
Bayview Dining Room for Private Events
Dedicated Penthouse Pools
Wine Cellar and Wine Lockers for Residents
Indoor /Outdoor Yoga Spaces
Large Conference Room /Boardroom with Video Conferencing Capabilities and Integrated Media Systems
Library
Fitness Rooms, Reception, and Mail Room for each Residential Tower
Bike and Watercraft Storage
Residents Lounge for Events
Children’s Indoor and Outdoor Play Area
Private Screening / Media Room
Adult Gaming Room including Billiards and Table Tennis

Amenities include:

Private Club to be Accessed by all Park Grove Residents
Curated Events and Speaking Appearances by Top Leaders in
Diverse Industries, Private Musical Performances by Acclaimed Artists, Private Movie Screenings, and Epicurean Events
Concierge Services
Large Dining Area and Full Service Kitchen with Acclaimed Chef
Library /Lounge Area
Social Spaces
State-of-the-Art Fitness Center, including:
Top-of-the-Line Fitness Equipment and Free Weights
Private Training Rooms, including Yoga, Pilates, and Spinning Studio
Spa with Personal Treatment Rooms, Steam, and Sauna
Men’s and Women’s Locker Rooms

Residence features:

1, 2, 3 and 4 bedroom floor plans
3 buildings (Tower 1, Tower 2, and Park Grove “Club Residences”)
Interiors Designed by William Sofield
Italian Cabinetry with Glass Doors and Stone Countertops
Sub-Zero / Wolf Appliances

Views from Park Grove:

There is no question that Park Grove is going to be an incredible project, from the architecture and art to the landscape and interiors. And as a new “Groveite” myself, I can honestly tell you that Coconut Grove is one of the most special neighborhoods in Miami and a wonderful place to live. If you’re interested in this project or looking for more information on Coconut Grove or the surrounding neighborhoods in Miami, contact me today at lindsayrubens@avatarflorida.com or 305.799.2124.

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

June 27, 2014Leave a comment

The 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:

Master Bedroom

Master Bathroom

Kitchen

Powder Room

Living Room

Hotel Lobby

Pool Deck

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!

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

February 4, 2014February 4, 20142 Comments

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

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miami real estate news and photos from Lindsay Rubens, a miami-based luxury real estate agent

Tag: Coconut Grove real estate