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Coconut Grove 2015 Single-Family Home Report

Waterfront Homes Sold in Zip Code 33133*

Our secluded canals and welcoming shores are captivating the affluent. Let’s not forget that our front yard is Biscayne Bay, a National Park, the largest marine park in the U.S.

With an amazing increase in waterfront sales of 131% over the previous year, 2 distinctive submarkets have emerged: canal front and open water. Values differ depending on whether the properties are located on the open bay or on a canal. The median sales price is $1,100 per Sq/Ft for Open Bay properties versus $680 per Sq/Ft on a canal.

ADDRESS #Beds #Baths #1/2Bths Living Sq/Ft Lot Sq/Ft Year Built Pool $ Sold Price
BAY FRONT
3505 MAIN LODGE DR 6 6 2 8,138 69,846 1926 Y $ 11,000,000
3310 DEVON CT 7 7 3 10,086 24,354 2003 Y $ 12,850,000
3590 CRYSTAL VIEW CT 6 8 1 12,178 19,941 2010 Y $ 13,400,000
6939 SUNRISE DR 5 6 1 6,388 16,500 1996 Y $ 6,000,000
3525 ANCHORAGE WY 5 5 1 10,121 18,583 1996 Y $ 7,137,500

A Stable Inventory and Asking Median Price

134 single-family homes were available for sale in mid-January 2016 versus 138 during the same period in 2014. Across the board, median asking price is also very stable with an increase in the waterfront market. 50% of the properties available for sale at the beginning of 2016 have had at least one price reduction.

To find out more information, visit our ISSUU page at the link below:

https://issuu.com/groveexpertsjournal/docs/magazine_final

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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