Coconut Grove, Coral Gables & South Miami Real Estate
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Laid Back Bahamian-Style Living in the Heart of Coconut Grove
What I love about this home is that it epitomizes the ambiance of Coconut Grove and what brings thousands to the area every year. Upon entering through the carved wooden gate you wind your way along the Chicago Brick pathway through the lush tropical landscaping.
From the claw foot tub in the guest bathroom to the blue sky ceiling on the porch, this home just breathes character and charm.
Located at 3571 Linden Lane, this home features two bedrooms, two baths, a two car garage and 1,668 sq ft of living area. At an asking price of $475,000., this home is worth every penny.
Click here to view additional photos and the entire video tour.
If you or someone you know are looking for a real estate professional who specializes in Coconut Grove, Coral Gables and South Miami realty, give me a call at 305-987-2644 or send me a note here.
Miami named as “Most Outrageous and Most Positive” City on the Road to Real Estate Recovery
In a recent interview on CNBC, Ron Peltier, CEO of Homeservices of America, stated that he believes that we are on the road to real estate recovery and expects price stabilization in the second half of the year. He specifically mentioned Miami as having the “most outrageous and most positive” turnaround regarding market stabilization.
Mr. Peltier said that we have reached a “tipping point”. Much of this is due to the increase in rental prices. Many rentals are higher than the cost of owning a home. Additionally, he feels that there are many people that have been sitting on the sidelines for years that are now ready to purchase a home.
All of this is great news for us here in South Florida and frankly, as Realtors, we have been seeing the signs for months now. If you would like to see the entire interview just click on the link below.
Buffet CEO Ron Peltier interview with CNBC
If you or someone you know are looking for a real estate professional who specializes in Coconut Grove, Coral Gables and South Miami realty, give me a call at 305-987-2644 or send me a note here.
Today’s Brokers Open – Unique Styles Abound
Today’s Brokers Opens offered quite the diversity in styles here in Coconut Grove and Coral Gables. Normally I would write about my favorite of the day but today I had three, all unique and worth mentioning.
6704 Le Jeune Rd, Coral Gables
First was this Cape Dutch South African style home in Coral Gables. It was designed in the 1920′s as part of the founder of Coral Gables, George Merrick’s grand “City Beautiful” plan. It has been completely updated and renovated adhering to the style in which it was built. This home has a main house with a spacious courtyard leading to the separate guest house. It is listed for $1,250,000. by Coldwell Bankers.
3941 Park Ave, Coconut Grove
If contemporary is your style, and for many people it is, this may be the home for you. This home was recently renovated and updated with amazing outdoor entertainment areas. It offers 5 bedrooms, 5.5 baths with 3,876 sq. ft. of living area on a cul-de-sac in South Grove. It is listed for $1,595,000. by EWM Realtors.
3617 Bayview Road, Coconut Grove
Last but definitely not least is this lovingly renovated historic Old Spanish. Though the style may be old, the updates certainly aren’t. All top of the line appliances with special attention paid to the true character of the home with antique fixtures and details throughout. The main house has 3 bedrooms, 2 baths but there is also a spacious 1 bedroom, 1 bath guest house. This home is listed for $899,000. by One Sotheby’s Int’l Realty.
If you or someone you know are looking for a real estate professional who specializes in Coconut Grove, Coral Gables and South Miami realty, give me a call at 305-987-2644 or send me a note here.
2011 A Year in Review – Tri-City areas of Coconut Grove, Coral Gables and South Miami
2011 was a great year for the areas of Coconut Grove, Coral Gables and South Miami. Total gross sales were up significantly over the 2010 numbers with condos sales increasing 13.5% and single family home sales up 29.5% overall.
In most segments of the market, the inventory has been dropping steadily leading us towards a more stable market. The surprise though would be the over $1MM condos. Check it out below. There seems to be a few more for sale each month.
In the below graphs you will find the data regarding home sales, pended homes (under contract) and homes for sale on a month by month basis for all of 2011. I have segmented them by single family homes, condominiums and price range.
Single Family Homes up to $500,000.
Single Family Homes for over $1,000,000.
Condos from $500,000. to $1MM
Condos over $1,000,000.
If you or someone you know are looking for a real estate professional who specializes in Coconut Grove, Coral Gables and South Miami realty, give me a call at 305-987-2644 or send me a note here.
Coconut Grove Guest House for Rent
This lovely cottage recently came on the market on one of Coconut Grove’s premier streets.
The guest house, located at 4131 Raynolds Avenue, is a full 1/1 with living room and kitchen. There is a washer/dryer in the unit and electric, water, cable and wireless internet are all included in the rental price of $1,200.
If your looking for a wonderful opportunity to experience Coconut Grove living at it’s best without paying the big bucks, this is the home for you.
If you are interested in renting this guest house or any other home here in Coconut Grove, just give me a call at 305-987-2644.
Coconut Grove – Then and Now
If you want to catch up on your Coconut Grove history and see some really interesting photos, check out this post in the Miami Social Diary, Coconut Grove: From Arquitectonica to Zen, by Augustus Mayhew. It is kind of a photo tour highlighting Coconut Grove, past and present.
His article includes information on several areas such as Dinner Key (back when it was the Pan Am Seaplane Terminal) Mayfair in the Grove, Main Highway, North Grove and The Kampong.
Whether your new to the area, a longtime resident or considering a move to our bayside community, this article offers interesting tidbits for all.
And as always, if you are considering buying or selling your home in our lovely, historic village, please call me at 305-987-2644 or email me at [email protected].
Just Reduced – 2929 Center Street, Coconut Grove
I just reduced the price of my listing at 2929 Center Street in Coconut Grove to $380,000. What makes this townhome stand apart from the rest is the outdoor living area. There is approximately 1,500 sq ft of fenced, outdoor space with a gazebo, deck, garden and more than enough room to entertain you family and friends.
The interior is 2 bedroom, 2 bath plus den, impeccably maintained and beautifully tiled with an open, updated kitchen that leads to the sunken living room with garden views throughout the entire home.
The community is gated and has only has 6 units in total with a private pool exclusive to the residents. Each unit comes with 2 assigned parking spaces and visitor parking on premises. Spectacular location, just minutes from Downtown Miami, Coral Gables, South Miami and the Beaches.
If you are interested in seeing this home or any others in the Coconut Grove, Coral Gables, or South Miami areas. please give me a call at 305-987-2644 or send me a note here.
Buy vs Rent – Does it Pay to Wait???
Interesting statistics!!
Published by Keeping Current Matters.
Summer 2011 Market Update for Tri-City Areas – Coconut Grove, Coral Gables and South Miami Real Estate
Well, the summer numbers are in and for the most part, sales in the tri-city areas of Coconut Grove, Coral Gables and South Miami are up over last year this time.
The inventory of homes is consistently dropping, which in turn, has created quite the demand. The recent conversations among realtors is that they have the buyers but they are having difficulty finding homes. The nice, well priced homes are few and far between. And when one comes on the market, it goes rather quickly.
The most significant change so far this year are the condos from $300,000. to $500,000. The sales are up 158.3% over last year this time. The contracts pending are up 68.2% and the inventory of condos for sale is down 65.4%. This is great news for all those condos that have been sitting on the market for literally years.
The below graphs provide 15 months of data regarding home sales, pended (under contract) and inventory of homes currently for sale. I have segmented them by single family homes, condominiums and price range.
Single Family Homes up to $500,000.
Sales – ↑ 22%
Pending contracts - ↓ 25.7%
Inventory – ↓ 39.3%
Single Family Homes from $500,000. to $1MM
Sales – ↑ 50% change
Pending contracts ↑ 33.3%
Inventory – ↓ 50.3%
Single Family Homes for over $1,000,000.
Condos for under $300,000. 
Sales – ↑158.3%
Pending contracts – ↑68.2%
Inventory – ↓65.4%
Condos from $500,000. to $1MM
Sales – ↑22.2%
Pending contracts – ↑90.9%
Inventory – ↓35%
Condos over $1,000,000.
Sales – ↓14.3%
Pending contracts – ↓28.6%
Inventory – ↓23.3%
If you or someone you know are looking for a real estate professional who specializes in Coconut Grove, Coral Gables and South Miami realty, give me a call at 305-987-2644 or send me a note here.
Open House – 2929 Center St, Coconut Grove Sunday, Aug 14, 2011 – 1:00 to 3:00
