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Coconut Grove Real Estate

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Coconut GroveAmidst the seemingly chaotic Miami environment is Coconut Grove, a serene yet lively village that provides peace of mind to residents and visitors alike. The

beautiful scenery and bayside views add to Coconut Grove’s laid-back vibe that has been attracting visitors of all sorts and been the key inspiration of writers and artists since its once-humble beginnings in the late 1800s.

Coconut Grove is a pedestrian-friendly neighborhood adorned with charming tree lined streets, quaint outdoor cafes, upscale dining establishments, and eye-catching boutiques.

Referred to as “The Grove” by locals, Coconut Grove also boasts a bustling nightlife that rivals some of Miami’s top hotspots.
Coconut Grove is home to The Barnacle Historic State Park, a park offering exclusive views of the Biscayne shore and the last remnants of hardwood hammock forestland, as well as an exclusive boating community. Coconut Grove’s ideal location on the Biscayne Bay makes it a popular destination for sailing.

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rileysmith

New Agent, New Price | $1,000,000 Price Reduction in North Grove

Jul 3rd 2009
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Sometimes being the second agent is just like being the second wife….

This unbelievable custom Mediterranean home on Crystal View Court has just come back on the market with a new agent and  a $1,000,000 price reduction.  Now listed at $6,900,000, the home has 5 bedrooms, 6 baths, smart house technology, gourmet kitchen, detached guest house,

Authored by Riley Smith | Discussion: No Comments »

rileysmith

Recent Closings in The Grove

Jul 1st 2009
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3071 Lucaya Street in the North Grove which I’ve written about several times on my blog closed yesterday at a price of $1,100,000.   The house sold at a price per square foot of $290.00, had 3,792 square feet of living space, 4 bedrooms, 4 baths on a 10,000 square foot lot.

Also yesterday, 4050 Ventura Avenue (short

Authored by Riley Smith | Discussion: No Comments »

Alexandra Restivo

Fourth of July Events in Miami - Real Estate

Jul 1st 2009
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Miami is full of activities year round, and Fourth of July is no exception. There are many places celebrating with fireworks throughout the city. Here are just a few :
Fourth of July at Bayfront Park
This celebration has fireworks, children’s activites, food and drinks. Come out and enjoy the evening !
Time: 4:00 pm - 9:00 pm
Location:

Authored by Alexandra Restivo | Discussion: No Comments »

rileysmith

So Far Coconut Grove Real Estate Has Outperformed Last Year

Jun 30th 2009
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Looking at the numbers below, we have roughly 30% more sales the first half of this year as compared to last year.  I believe that three contributing factors to the increase in sales are that prices have continued to fall, sellers have finally become more realistic, and interest rates remain low.
If last year’s trend continues,

Authored by Riley Smith | Discussion: No Comments »

rileysmith

Land In Coconut Grove….The Time Is Now

Jun 29th 2009
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Aside from the $1,000,000+ single family home market, vacant land has also taken quite a hit in the current real estate market.  Due to stricter financing requirements, developers aren’t snapping up lots as fast as they once were.  For the most part, the only people who are buying vacant land in Coconut Grove right now

Authored by Riley Smith | Discussion: No Comments »

rileysmith

June ‘09 Townhouse Market Update

Jun 29th 2009
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Keeping buyers informed of the townhouse market in Coconut Grove, here are the following pending and closed sales for June of 2009.
June Pending Coconut Grove Townhouses:

Address
List Price
Beds/Baths
Square Feet
Year
Distress?

3182 Jackson Avenue
$525,000
3/2.5
2,350
2003
No

3128 Center Street
$414,999
2/2.5
1,405
1976
No

2998 Virginia Street
$289,000
2/2
1,116
1979
No

3095 Ohio Street
$284,900
3/2.5
2,555
2006
Foreclosure

2927 Catalina Street
$229,000
3/2.5
1,370
1986
No

June Sold Coconut Grove Townhouses:

Address
List Price
Sale Price
Beds/
Baths
Square Feet
Distress?

2970 Shipping Avenue
$449,000
$425,000

3/2

1,756
No

3120 Bird Avenue
$139,900
$135,000
2/1.5
1,143
Foreclosure

To stay updated with all Coconut Grove real estate

Authored by Riley Smith | Discussion: No Comments »

rileysmith

Come See My New Listing on Tigertail Avenue!

Jun 27th 2009
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You will see my signs all over town this Sunday as The Real Estate Coconut team is holding 5 of our 15 listings OPEN.   I will be located at my new listing on 1645 Tigertail Avenue property, stop in to see this gorgeous Old Spanish home or even just to chat about real estate.
Click on the addresses below for more information about

Authored by Riley Smith | Discussion: No Comments »

rileysmith

Pick Up A Rake!!

Jun 26th 2009
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Being a 40 year resident of the Grove, I love it here more than anybody and appreciate the overgrown canopies and landscaping.  But one of my pet peeves as I drive around the streets here is that some property owners just don’t take care of their swale areas.   Although the City of Miami technically owns the

Authored by Riley Smith | Discussion: No Comments »

rileysmith

By The Numbers….Coconut Grove Pending Single Family Homes

Jun 25th 2009
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Currently in Coconut Grove we have 22 single family homes that are under contract.  The list price of these homes ranges from $380,000 for a foreclosure on Battersea Road to 3071 Lucaya which was listed for $1,250,000.
Lets break down the pending sales in several different categories.  Of the 22 homes in Coconut Grove that are under contract:

11 are

Authored by Riley Smith | Discussion: No Comments »

rileysmith

3500 Frantz Road Slips Into A Short Sale

Jun 23rd 2009
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I was driving down Kumquat Avenue the other day in the South Grove and couldn’t help but notice the neglected yard at 3500 Frantz Road.  I knew instantly that the home which has been on the market for 2 years had either fallen into foreclosure or become a short sale.  The home is new construction, completed in 2007.

Why didn’t

Authored by Riley Smith | Discussion: No Comments »

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