Tag: Miami Luxury Real Estate

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.

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Center Coconut Grove Homes Under $600k in High Demand

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There is no question that the Center Coconut Grove townhouse market is currently facing a major shortage of “affordable” townhouses. In fact, there is only a very small handful of 3+ bedroom townhouses presently listed on the MLS, and about half of them are asking over $1 million.

As the demand for Center Coconut Grove townhouses has increased over the last several years, we have naturally seen an increase in price. It is now incredibly rare to find a decent 3+ bedroom property listed for under $600k, and usually when one comes along, it goes fast.

Case in point: last week, an updated 3 bedroom/2 bathroom townhouse with almost 1,600 square feet was listed at 3038 Day Avenue for $565,000 ($354/sf).  The property was built in 1970 but had been renovated extensively (including impact glass), and is located in a small gated community with a heated pool and two assigned parking spaces.  When I contacted the agent only 3 days later, she informed me that the property was already under contract, having received multiple cash offers and dozens of inquiries within one day of the listing going up!  Hopefully we will see more affordable listings coming to market in the coming months, as buyers are ready and willing to jump on these types of opportunities.

If you are a buyer interested in Coconut Grove, it is critical to work with an experienced Realtor who knows the neighborhood inside and out, understands the market, and is connected to the community.  As a Coconut Grove resident specialist, it would be my pleasure to help you through this process.  Similarly, if you own a home in Coconut Grove and you are interested in selling or learning about the current value of your home, please contact me at any time.  I can be reached directly at 305.799.2124 or LRubens@bhsusa.com.

Notable New Construction Sales in Center Grove – November 2018

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3220 Matilda St., Miami, FL 33133
3 beds/3.5 baths | 3,300 sq ft | built in 2018 | sold for $1,265,890 on 11/9/18

Just drive around Coconut Grove and you’ll see it everywhere – bulldozers, front loaders, dump trucks and trenchers. New construction, whether you like it or not, remains alive and well in the Grove and prices are stronger than ever.

There were 2 notable new construction sales in Center Grove in November.  Pictured above is 3220 Matilda Street, which sold for $1,265,890 ($384/sf). The property has 3 bedrooms, 3.5 baths and 3,300 square feet of living space. The developer is Drive Development, which currently has a number of ongoing and completed projects throughout the neighborhood (including my two new construction sales back in July). The home features a contemporary design and beautiful wood features which are in line with Drive’s other projects, including a floating frame which Drive describes as “simultaneously providing shelter from Miami’s summer rains and serving as a versatile wood-screen shading device system that offers tranquil tree top views.” Below are some renderings of the gorgeous interior design and finishes of the home.

Another mentionable sale was 3190 Lamb Court (a small cul-de-sac tucked off of McDonald St.), which sold for $1,285,000 ($453/sf). The home has 4 beds, 4 baths and 2,833 square feet of living space.  The property features a dramatic double-height entry with floating staircase,  Italian 48″X24″ porcelain tile flooring, a sleek Euro-style kitchen with high-gloss custom cabinetry, quartz countertops and Thermador appliances, including a 36” gas dual fuel range.  Other notable features include: LED lighting, Hikvision camera system and Sonos sound system. Finally, the property has a large roof-top terrace with artificial grass, and a backyard with private patio and pool. View the slideshow below for photos of the property.

For more information on these properties and/or other real estate opportunities in Coconut Grove and the surrounding neighborhoods, contact me directly at 305.799.2124 or LRubens@bhsusa.com.

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*images via Riley Smith Group

Just Rented for Asking Price: 3167 Gifford Lane, Coconut Grove

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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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Pair of New Construction Townhouses in Center Grove Sell for $780,000 Each

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3127-3129 Matilda Street | Miami, FL 33133

Last December I wrote about a pair of new construction townhouses that were under contract on Matilda Street in Center Grove.  The asking price for each townhouse was $795,900, and both units have now sold for $780,000 ($355/sf) a piece.

The townhouses have 3 bedrooms, 2.5 bathrooms and 2,200 square feet of living space.  Each unit has a carport, a backyard patio with a pool, and a rooftop terrace.   Located on Matilda St. between Shipping and Day Ave., the new owners are just a quick walk to Cocowalk and Downtown Coconut Grove.

New construction properties like these in Center Grove are few and far between, and many of them sell before the developer even breaks ground.  Contact me today to find out about other new construction opportunities in the Grove at 305.799.2124 or lrubens@bhsusa.com.