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rileysmith

Kumquat Avenue Gem Listed At $500,000

Nov 6th 2009
hi

I just placed this house on the MLS system this morning.  It is an original 1920’s South Grove home priced at $500,000.  The home features open spaces, crown moldings, totally updated kitchen with high end finishes, cheerful breakfast room, wrap around porches, new roof, automatic gate and lush foliage.

Knowing what is on the market today [...]

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rileysmith

L’Hermitage Market Update

Nov 5th 2009
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9 Units Currently For Sale At L’Hermitage
There are currently 9 units on the market at L’Hermitage in North Coconut Grove.  L’Hermitage is a gated community of 75 luxury villas.
Prices today range from $1,600,000 for a 3,490 square foot unit with 3 bedrooms/3.5 baths and water views all the way down to $890,000 for a 3,490 [...]

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rileysmith

Under $400k Homes Moving Fast In South Grove

Nov 4th 2009
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There were 3 homes that came on the market recently that went pending in a matter of days.  They were all priced under $400,000.
The first home was located at 4095 La Playa Blvd. and was priced at $399,000.  The house featured 3 bedrooms, 1.5 baths and 2,026 square feet of living space.  Broker was Coldwell [...]

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rileysmith

Coconut Grove Townhouse Rental Properties

Nov 3rd 2009
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There are about 15 townhouses in Center Coconut Grove currently on the market for rent.  They range in price from $3,500 to $1,495.  The sizes range from 2 to 3 bedrooms.

I just listed a Center Grove townhouse located at 2982 Virginia Street priced at $3,200 a month.  This 2,300 square foot townhouse is the largest [...]

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rileysmith

Recent Sold Homes In Coconut Grove

Nov 1st 2009
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If last year is any indication, we can expect the next few months to be VERY busy for Coconut Grove real estate.  In fact, between November 1st and December 31st of 2008 Coconut Grove closed 30 homes.
In the last 2 weeks there were 9 homes to be placed under contract, prices ranged from $2,295,000 down [...]

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rileysmith

Happy Halloween!

Oct 30th 2009
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rileysmith

Coconut Grove vs. Coral Gables/ Pinecrest Real Estate

Oct 30th 2009
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I have many clients who are relocating to South Florida and most of them want to look at homes not just in Coconut Grove but also Pinecrest and Coral Gables.  So here is a comparison, as of today, of the different markets.
You will notice that I have used the “median” numbers as opposed to the [...]

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rileysmith

Only 13 Gated Community Homes Currently On The Market In Coconut Grove

Oct 28th 2009
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I currently have a client looking for a home in a gated community in Coconut Grove.  Just like other high end properties there is a limited supply right now on the market.
We have a few for sale in Camp Biscayne, one in Hughes Cove, several in The Moorings, one in Treasure Trove, another in De [...]

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rileysmith

Total $$$ Sold In Coconut Grove

Oct 28th 2009
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Some interesting numbers.  In 2008 there was a total of $151,203,000 worth of single family homes sold in Coconut Grove.
So far this year there has only been $64,827,000 worth of single family home sales!!! Granted we still have a few more months to go in 2009, but chances are we won’t make up another $87 [...]

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rileysmith

Slim Pickings

Oct 27th 2009
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I have an out of town buyer who is looking at properties between $1,000,000 and $2,000,000.  She requested to see 15 houses, of those 15 only 5 are still available.  Some were short sales with multiple offers, some had pending contracts, a few were rented and one was sold.
Moral of the story: There is not [...]

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