2018 Center Coconut Grove Sales Recap

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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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New Details on Park Grove via the Miami Herald

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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

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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:

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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

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Views from Park Grove:

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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.