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 Bedroom
Master Bedroom
Master Bathroom
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!
lindsay loves miami 