Coconut Grove, FL Real Estate News

Contemporary, two story home. Open floor plan. Vaulted ceiling with exposed beams. Skylight over spiral staircase to 2nd floor. Marble Master Bath. Master bedroom has custom closet and garden off sleeping area.Open loft area used as den/office can be 3rd bedroom.Two walk-in closets - both cedar lined. Custom entertainment center in living room. Lush landscaping around private pool area. Interior washer/dryer.New Trane central A/C - 2006. New roof - 2007. New dishwasher - 2008. Hurricane shutters. To directly access this property, use this shortcut: http://www.fizber.com/florida-buy-single-family-home-11646200.html
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By Janie Coffey, Uniting Extraordinary Homes w/ Extraordinary Lives
(First Coast Sotheby’s International Realty)
If you are a fan or resident of Coconut Grove or own a business and don't follow the Coconut Grove Grapevine, you SHOULD! The Coconut Grove Grapevine is your one stop shop for events, dining, dirt, news, politics and life in the Grove. Updated throughout the day with info, photos, goings-on, it's all there.  See a crazy sight on the street and wonder what that was all about? Go visit the Coconut Grove Grapevine.  New restaurant open and wonder how the food is? Go visit the Coconut Grove Grapevine.  Wonder what's up with the crazy politicians, bureaucrats and parking? Go visit the Coconut Grove Grapevine!  Seriously, anything you might be thinking about int he Grove, it's on the vine! COCONUT GROVE CALENDAR COCONUT GROVE RESTAURANTS COCONUT GROVE PICTURES COCONUT GROVE LINKS   They are ...
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By Janie Coffey, Uniting Extraordinary Homes w/ Extraordinary Lives
(First Coast Sotheby’s International Realty)
Coconut Grove Active Listings -248 (similar to last month) 65 are "luxury listings" (ie over $1,500,000) - (down from last month) 36 are short sales (similar to last month; 4 are luxuray properties) 5 are foreclosures (fewer than last month) Median List Price - $867,500 (up from last month) Coconut Grove Pending Sales - 30 (similar to last month)0 are "luxury listings" (same as last month)8 are short sales (similar to last month)9 are foreclosures (similar to last month) Coconut Grove Closed Sales - 11 (double from last month) 1 was "luxury listings" 1 was a short sale1 was a foreclsoure Average List Price - $720,582 Average Sold Price - $660,000 List price to Sold Price Ratio - 92% (up 5% from last month) Higest Closed Listing - $1,400,000 Lowest Closed Listing - $124,000 (a foreclosu...
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By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
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, the summer should be a busy one for Coconut Grove real estate.  Keep in mind that any first time home buyer looking to get their $8,000 tax refund has to close by the end of this year which should help the lower end townhouse and condo market significantly. Click here to see a list of all single family homes that have closed in Coconut Grove the first half of 2009. 2009 Month Homes Sold January 3 February 6 March 7 April 5 May 8 June 14 Midyear 43 2008 Month Hom...
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By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
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 whcih 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 in North Grove and 11 are in South Grove.  6 are foreclosures, and 5 are short sales.  Above $1,000,000 there are 2 that are currently under contract, and of those, only one will close over a million.   From $800,000 to $1,000,000 there are 2 that are currently under contract (1 of those is a short sale). The bulk of the pending sales are listed from $500,000 to $800,000.  In this price range there are 11 homes under contract.   The rest o...
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By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
To be successful in real estate, it is not only important to cultivate good relationships with your clients, but also to maintain a good working relationship with the other Realtors in town.  I can honestly say that I have a professional and friendly relationship with just about every Realtor in Coconut Grove.  Doing so, benefits me and my clients. Let me tell you about a couple of recent happenings:   Last week I had some clients who were looking at townhouses in Center Grove so I called a few Realtors up to see if they had any properties that were coming on the market soon but not yet listed.  Berk Boge happened to have a great townhouse that he was listing the next day.  Before he put it on the MLS I took my clients over to see it and they submitted their offer the day it was offici...
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By Philippe Diener
(Brown Harris Stevens)
Enter Coconut Grove Condos Home Page Search for condos for Sale rent or Lease in Coconut Grove - Choose the condominiums or Apartmentyou looking for and call us for more information - We specialize in the Coconut Grove real estate market.Many condos in Coconut Grove edge toward luxury, and feature some of the amenities high-end buyers have come to expect. Grovenor House, for example, offers residents a state-of-the-art fitness center, a wine cellar, concierge services, a dog park, spa and children's playground. Many condos are also very close to the heart of Coconut Grove shopping and nightlife. The Mutiny, for example, is a hotel-condo just steps from stores, restaurants and the marina in Coconut Grove. The average price Coconut Grove Condos range from $500,000 to $10,000,000.
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By Janie Coffey, Uniting Extraordinary Homes w/ Extraordinary Lives
(First Coast Sotheby’s International Realty)
Coconut Grove is a fascinating place to live or visit.  With a vast variety of architecure, inhabitants and places to go you will never be bored in the Grove.  One of Miami's oldest communities, there is a place for everyone here in the Grove.  See what all the fuss is about!   Bookmark with me your favorite listings on FREE Customized Monthly Market Reports delivered right to your email! Free HOME VALUATION! Free MLS Search! Call Janie at 786-252-4970!! Want more news?  Subscribe in a reader!  
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By Janie Coffey, Uniting Extraordinary Homes w/ Extraordinary Lives
(First Coast Sotheby’s International Realty)
Coconut Grove Active Listings -278  (similar to last month) 34 are NEW listings     87  are "luxury listings" (ie over $1,500,000) - (similar to last month)     31 are short sales (similar to last month)     9  are foreclosures (fewer than last month)     Median List Price - $812,500 (down from $899,000 last month)  Coconut Grove Pending Sales - 28 (up from 17 last month)     3 are "luxury listings" (same as last month)     7 are short sales (double to last month)     8 are foreclosures (up from last month) Coconut Grove Closed Sales - 5 (half as many as last month)     1 was "luxury listings" (down from 4 last month)     0 were short sales (down from 1 last month)     2 were foreclsoures (same as last month)     Average List Price - $2,309,000 (down from $1,850,000 last month)     Ave...
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By Janie Coffey, Uniting Extraordinary Homes w/ Extraordinary Lives
(First Coast Sotheby’s International Realty)
Coconut Grove Active Listings -287  (same as last month)     86  are "luxury listings" (ie over $1,500,000) - (same as last month)     36 are short sales (same as last month)     14 are foreclosures (same as last month)     Median List Price - $899,500 (same as last month)  Coconut Grove Pending Sales - 17 (up from 13 last month)     3 are "luxury listings" (down from 4 last month)     3 are short sales (similar to last month)     6 are foreclosures (up from last month) Coconut Grove Closed Sales - 11 (up from 8 last month)     4 were "luxury listings" (up from 1 last month)     2 were short sales (up from 1 last month)     2 were foreclsoures (down from 4 last month)     Average List Price - $1,580,000 (up from $650,000 last month)     Average Sold Price - $1,311,000 (up from $623,000...
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By Janie Coffey, Uniting Extraordinary Homes w/ Extraordinary Lives
(First Coast Sotheby’s International Realty)
Coconut Grove Active Listings - 304     81 are "luxury listings" (ie over $1,500,000)     35 are short sales     15 are foreclosures     Median List Price - $875,000  Coconut Grove Pending Sales - 13     4 are "luxury listings"     3 are short sales     4 are foreclosures Coconut Grove Closed Sales - 8     1 were "luxury listings"     0 were short sales     4 were foreclsoures     Average List Price - $696,999     Average Sold Price - $643,000     List price to Sold Price Ratio - 92%     Higest Closed Listing - $1,500,000 -     Lowest Closed Listing - $189,000 (a foreclosure) What does this mean to you?   If you have a listing in the luxury market, there is stiff competition with over 1/4 of all listings in Coconut Grove in the top 10% of Miami-Dades' pricing ("luxury listings").  List...
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By Janie Coffey, Uniting Extraordinary Homes w/ Extraordinary Lives
(First Coast Sotheby’s International Realty)
Name Mayfair Antique Market Description Monthly Indoor/Outdoor antique market featuring antiques, collectibles, furniture, jewelry, paintings, objets d'art & more. Friday, March 13: Noon-8pm Saturday, March 14: 10am-6pm Sunday, March 15: 11am-5pm Free Admission Additional Dates : April 13-15 and May 8-10 Dogs on Leashes Welcome Where The Promenade at Mayfair, 2911 Grand Avenue, Coconut Grove, FL 33133 Website www.antiquecollectiblemarket.com   View Larger Map
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By Daniel Hornek
(Barclay's Real Estate Group)
Beacon Harbour Condo Coconut GroveBeacon Harbour located at 1660 South Bayshore Court in Coconut Grove.Beacon Harbour Home Page     Beacon Harbour Photo GalleryBeacon Harbour condo year built: 2003Number of Floors: 5Number of units: 10Sq. Ft. range: 3,444 - 3,812Beds: 3 - 4 / Baths: 3 - 5Price Range: $2,900,000 - $3,500,000Beacon Harbour Coconut Grove condo amenities:Gated Community - 24 hr- Monitored surveillance - Covered Parking - Pool - Gym - Jacuzzi - MarinaBeacon Harbour's elegant three- and four-bedroom residences are extremely spacious and offer up to 3,800 square feet of living space. In addition, to rooftop terraces for each penthouse, each unit features expansive, wrap-around terraces with stunning views of Biscayne Bay. A gated community, Beacon Harbour's other amenities inc...
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For More Information call: 305-225-5033 If you are looking to purchase a vacation home or a rental property in Coconut Grove, Florida, you should consider hiring a property management company to assist you in looking after your property. Royalty Concierge Services can offer you a wide array of property management services, which are very beneficial to the international or out of state homeowner who needs someone to take complete care of their investment property or vacation home in Florida. When you interview with property management companies in Coconut Grove, you need to find someone that is reliable and trustworthy. When you contract Royalty Concierge, we have the experience on our side, to manage your property. Royalty Concierge will coordinate on your behalf the payments on your ut...
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By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
Over the years, the West Grove has been a little bit slower than other parts of Coconut Grove to see an appreciation in home values.  There is quite a bit of land here that was bought up by investors during the boom and is now being sold at heavily discounted prices. It will be interesting to see how and when future development in the West Grove will impact prices there.  The answer to that question will be determined in part by how quickly the changes occur and how successful they are in revitalizing the West Grove. I think it is safe to say that many of the single family homes listed in the West Grove are priced at land value only.  Therefore, it can get confusing when trying to calculate the value of these properties.  If you go by their official status, there are 42 single family ho...
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By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
EWM's President Ron Shuffield was featured on Nightline last night during a piece titled: "What Can You Get for $100,000".  Coconut Grove was not one of the areas of Miami that they visited.  Why?  Probably because our market doesn't add to the hype of there being SO many heavily discounted homes for sale.  It would have been nice if they showed other areas in Miami that aren't seeing such drastic drops in home prices.     Don't get me wrong there are some under-priced homes on the market here (like these foreclosures on Loquat), but nothing conmpared to what other areas of Miami are experiencing.  Did you see that house in Homestead? All I am saying is that they should have told the WHOLE story of the Miami real estate market. The only single family home in Coconut Grove listed under $...
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By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
Here are the official 2008 Coconut Grove real estate market numbers.  Sorry for the delay, but I like to give agents a couple of days after the end of the month to enter in any final closed sales. Note, these figures are coming only from sales within the borders of Coconut Grove - East of LeJeune Road, North of Ridgewood Road and South of 32nd Avenue.   In 2008, there were 108 single family homes sold in Coconut Grove.  This is approximately 30 homes less than were sold in 2007. 65 of the homes sold in 2008 were under $1,000,000 and 43 were over $1,000,000.  40 homes were sold in the first half of 2008, and 68 homes were sold in the second half of 2008. Interesting since the financial meltdown began in September.  No one will ever know the true impact, but it was surprising to see that ...
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By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
So you've found your dream home but you can't buy it because you're stuck in your current house that isn't selling.  There is a solution. I am working on a deal right now where the buyers are exactly in that position.  Instead of just sitting around and waiting for their house in Tampa to sell, the buyers went ahead and made an offer to purchase one my Coconut Grove listings.  The buyers will rent the house until their Tampa house sells.  When it does sell, they must close on my listing within 25 days.  The details have all been ironed out (purchase price, rental amount, inspection amount, deposits, etc.) and there will not be any further negotiations regarding the terms of the contract.  The sellers do have to take a leap of faith that the buyers are making a real effort to sell their ...
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By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
About 6 months ago, I tucked this orchid behind some Birds of Paradise and forgot about it.  As I walked through my garden this morning the bloom caught my eye.  There aren't too many places in the country  right now where the flowers are blooming, the weather is warm, and the sky is clear. Now is the time to be in South Florida.  To view this post in its original form, visit The Real Estate Coconut - Cracking Open The Coconut Grove Real Estate Market
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By Riley Smith, Coconut Grove Specialist
(EWM Realty, International)
Our Coconut Grove gated communities are great for those people who seek privacy and security.  Click on the below spreadsheet for detailed information.   Points Worth Mentioning There were 6 Closed Sales in 2008: As you will see from the above spreadsheet, there have only been 6 closed sales in all of the Grove's gated communities this year.  This is a very low number but may be indicative of the fact that sellers in these areas are not desperate to sell and are not willing to list their house at the current values.  Are homes in Ye Little Wood selling at deeply discounted prices? Something else that jumped out at me was the "Average Price Per Square Foot" of homes listed in Ye Little Wood.  This is one of Coconut Grove's most exclusive communities.  At first glance, it looks like the h...
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