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A Booming Market: Newly Constructed Homes in Coconut Grove

The Grove has recently seen growing activity in this market with new homes being built in every section of our neighborhood. The 2015 New Construction total sales volume was $15,620,000 versus $8,756,900 in 2014, a 78% increase. The 2015 average sales price was $462 per Sq/Ft versus $384 in 2014. These numbers include the sales in the Sunrise neighborhood in Coral Gables with ZIP code 33133.

List of New Constructions Sold In Coconut Grove in 2015

Address SqFt LA Lot SqFt #Beds #FB #HB Yr Blt #Gar Pool? Sold Price
3763 S Douglas Rd. 2,530 8,500 4 3 1 2014 0 Y $ 1,750,000
1619 S Bayshore Dr 5,417 9,000 5 5 2 2014 0 Y $ 2,495,000
2850 Freeman St 3,099 5,275 4 3 0 2015 0 Y $ 1,375,000
2592 Overbrook St 2,500 4,545 3 2 1 2015 1 N $ 1,090,000
4420 Ingraham Hwy 3,551 7,150 4 3 0 2015 1 Y $ 1,545,000
2225 Trapp Ave 4,741 6,214 5 5 0 2015 1 Y $ 1,875,000
4100 Hardie Av 4,100 6,700 5 4 1 2014 1 Y $ 1,600,000
2800 Jefferson St 2,800 4,545 3 2 0 2015 0 N $ 1,050,000

*Only single-family homes less than two years old qualify as “New Construction.”

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If you are interested in buying or selling property, call Isabelle Andrews at 305.546.5421, Alba Biondi at 305.323.2595, or email us at theteam(at)groveexperts(dotted)com.

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