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.
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.
Coral Gables Art Deco Beauty in Need of TLC
Well, today was my lucky day. I must have driven by this home hundreds of times and something about it always drew my attention. So, you can imagine how excited I was when I found out that it just came to the market and I was able to see it today.
2806 Granada Blvd
I have to say that it did not disappoint. This art deco home built in 1937 features a Spanish tile lined spiral staircase, arched windows, high ceilings, plastered moldings, wood floors and decorative wrought iron. It was truly stepping back in time. Unfortunately, the home has been vacant for 10 years and really needs a buyer that would enjoy the opportunity to bring it back to it’s original glory.
This home has 5 bedrooms, 4.5 baths with 3,689 sq ft of living area on a 11,500 sq ft lot and is listed for $850,000. Since the average sale price in Coral Gables is $270 per sq ft, this home, priced at $230 per sq ft, was priced to get buyers attention and takes into consideration the current condition of the home. This home is offered for sale by Slesnick & Jochem, LLP.
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.
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.
Bank of America offering $20,000. to Short Sale home vs Foreclosure
A new program being tested in Florida may offer assistance to struggling homeowners looking at losing their home. If you are a Bank of America customer and possibly considering foreclosure, this may be an option for you.
The Palm Beach Post reported today that B of A is offering a $20,000. incentive to their homeowners that try to sell their homes in a short sale rather than just allow it to fall into foreclosure. This is a time sensitive offer. Only homeowners whose short sales are submitted for approval to Bank of America prior to Nov. 30 will qualify. The homes must have no offers on them already and the closing must occur before Aug. 31, 2012.
Click here to read the entire article.
Number 1 in Luxury Home Sales – EWM Realtors
So far this year, EWM is ranked as the #1 Realtor in Miami-Dade & Broward combined for sales in excess of $1,000,000.
For the past four months, EWM has averaged selling a million-dollar-plus property every 24 hours… averaging 33 sales per month.
When thinking of selling your home, choose a specialist with a proven record!!
If you or someone you know are looking for a real estate professional, 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
Just Listed – Spacious, Updated Townhome with Spectacular Outdoor Entertainment Area
I just listed this lovely townhouse at 2929 Center Street in Coconut Grove. It has 2 bedrooms, 2.5 bath plus den with tons of outdoor area for entertaining.
Impeccably maintained and beautifully tiled with an open, updated kitchen that leads to the sunken living room with garden views throughout the entire home.
There is approximately 1,500 sq ft of fenced, outdoor living area with a gazebo, deck, garden and more than enough room to bar-b-que. This 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.
To view the entire video tour of this home, click here.
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.
More Good News!! Mortgage Interest Rates Down Again – 7th Week in a Row (Update 8th week)
Recently the news reported that the average mortgage rates have fallen for the 7th 8th straight week. Amazing. With the stabilization of the prices and low inventory here in the tri-city areas of Coconut Grove, Coral Gables and South Miami, now is definitely the time to buy.
Basically, the average rate on a 30-year loan fell to 4.55% and 15-year dropped to 3.74%. Both were the lowest of the year.
What does this mean to you? Well, if you are a seller, more buyers will find your home affordable. If you’re a buyer, your monthly costs will be significantly less than with the higher rates. Plus, if you will end up paying less for your home over the years.
Click here to read the full article…
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.
