I am always on the lookout for large price reductions on homes in Coconut Grove. 1. This house in The Moorings was recently reduced by $549,000 from $5,499,000 to $4,950,000. 3570 South Moorings Way | 8,142 square feet | 6 bedrooms, 8.5 baths | Wine Cellar | Billiard Room | 2 Laundry Rooms | Elevator | 21,000 square foot lot 2. This house in North Coconut Grove was reduced on August 1, 2008 by $1,299,000 from $2,499,000 to $1,200,000. 4040 Ventura Avenue | 2,816 square feet | 3 bedrooms, 3 baths | Smart House | 6,500 square foot lot You may also be interested in: What is Selling in Coconut Grove Real Estate To view this article in its original form, The Real Estate Coconut. 08/25/2008

Here are the most recent numbers regarding the Coconut Grove Foreclosure Market. This data comes from the SEF Multiple Listing Service between the dates of 1/1/08 to 8/22/08. Current Coconut Grove Foreclosures Approximately 6 single family foreclosures currently on the market in Coconut Grove. Price Range: $2,700,000 to $179,900 List Price/Square Foot Average: $280.00 _______________________________________________ Sold in 2008 Coconut Grove Foreclosures Approximately 8 single family foreclosure homes sold in 2008 Price Range: $1,000,000 to $375,000 Sale Price/Square Foot Average: $228.00 (Average Sale Price/Square Foot of homes in Coconut Grove not in foreclosure is $286.00) What do these numbers mean? Not all foreclosures are priced below market value. With only 6 on the market, and 8... 08/24/2008

Coconut Grove Real Estate - Coconut Grove Real Estate all Coconut Grove Condominiums for sale in one page. Coconut Grove is a neighborhood located in the City of Miami, Florida in Miami-Dade County. The area is defined as southeast of US 1, from N. Prospect Ave as the southern border to the intersection of US 1 and Brickell Ave as the northern border. The western border is Le Jeune Rd. and the eastern border is Biscayne Bay. Technically, all of Coconut Grove has a zip code of 33133, which actually extends the area north of US 1 into what is called Silver Bluffs. The region is often referred to simply as 'The Grove'. 08/21/2008

Sellers want to know whether to sell now, or sell later. Buyers want to know whether to buy now, or buy later. After studying the market and the recent numbers that just came out regarding Coconut Grove Real Estate this is where I see the market going in the near future. I think that by the end of this summer we will have seen the bottom of the market in the number of sales, however not the bottom in price. But that is not necessarily a bad thing. If you go back in history you will see that before a market can truly recover, prices must continue to fall and sales must increase. This gives a boost to the market that is the catalyst for recovery. I expect our absorption rate (the amount of time it takes for all of the inventory that is currently on the market to be sold) to fall from a hi... 08/17/2008

On your way home from work as you sit in traffic on South Bayshore Drive and Main Highway, you have probably seen the homes for sale on the side of the road and wondered how much they were asking. Well here is a driving tour (from North to South) of the homes for sale on South Bayshore Drive and Main Highway in Coconut Grove. 1601 South Bayshore Drive | Asking Price: $1,350,000 | 3,700 square feet | 4 beds, 4 baths 1621 South Bayshore Drive | Asking Price: $2,250,000 | 2,223 square feet | 4 beds, 3 baths 1665 South Bayshore Drive | Asking Price: $4,999,000 | 4,339 square feet | 4 beds, 3 baths 1855 South Bayshore Drive | Asking Price: $3,499,000 | 8,155 square feet | 11 beds, 5 baths 1889 South Bayshore Drive | Asking Price:$4,950,000 | 8,275 square feet | 7 beds, 6 baths 2301 South Bay... 08/15/2008

Coconut Grove has many 4 bedroom homes and townhouses for sale that are under $1,000,000.  You have your choice whether you want to live in the North, Center or South Grove.  Prices start at just $475,500.  Click on the below image to see a complete list of the available 4 bedroom homes and townhomes under $1,000,000.   You might also be interested in: 4 Bedroom Homes over $1,000,000 If you are looking for real estate in Coconut Grove, please send me a note and I would be happy to help you. To view this post in its original form click here. 08/14/2008

I have always believed that Zilllow is a completely inaccurate way to place a value on a home. But I was curious to put it to the test. The best way to determine its accuracy was to compare actual sales figures with the estimate that Zillow provides. Because after all, your home is only worth what someone will pay for it. I compared 5 recent sales in Coconut Grove with Zillow's Estimate. 1780 Espanola Drive | Sale Price: $2,000,000 | Zillow's Estimate: $930,000 3700 Battersea Road | Sale Price: $787,000 | Zillow's Estimate: $813,000 3880 Hardie Avenue | Foreclosure | Sale Price: $1,000,000 | Zillow's Estimate: $1,600,000 2643 Natoma Street | Sale Price: $1,050,000 | Zillow's Estimate: $905,500 4180 Park Street | Foreclosure | Sale Price: $400,000 | Zillow's Estimate: $553,500 It seems t... 08/13/2008

1. 4125 Poinciana Avenue | 3,329 square feet | 7,015 square foot lot | 4 bedrooms, 3.5 baths | Original List Price: $1,195,000 | Sale Price: $1,000,000 | $300.00 Price per square foot | On market since March of 2008 2. 84 West Shore Drive | 3,004 square feet | 8.625 square foot lot | 4 bedrooms, 3 baths | Original List Price: $999,000 | Sale Price: $879,000 | $292.00 Price per square foot | On market since March of 2008 To view this article in its original form, please visit: The Real Estate Coconut 08/12/2008

The Grove Towers condo is a quality, well built property in Coconut Grove. The condominium community amenities include a, pool, spa, basketball court and tennis court. Residents also benefit from covered parking areas, 24 hour security and an exercise room. With its water views, as well as easy ocean access, the Grove Towers Miami Condominium is a real Florida jewel.Enter Home Page: Grove Towers Condo in Coconut Grove Grove Towers Coconut Grove Florida - Aerial View   About Grove Towers Condo in Coconut Grove FloridaGrove Towers condominium year built: 1982Number of Floors: 19Number of units: 99Sq. Ft. range: 1,460 - 3,364Grove Towers  Floor plans - Beds: 2-3 Baths: 2-3Grove Towers condo Coconut Grove Amenities:24-hr Security - Valet - Covered Parking - Pool - Spa - Tennis Court - GymM... 08/07/2008

I saw this article in the New York Times and it was interesting to see what you get for $300,000 in different towns across the country. (Photo Courtesy Of New York Times) Banner Elk, North Carolina: 2 bedroom, 2 bath cottage with 1,499 square feet living space. Price per square foot is $219.00. Taxes are $505 a month!! Banner Elk is a historic downtown area with boutiques and restaraunts. The house is located in the mountains in a residential enclave. Sounds similar to Coconut Grove, only smaller. New Orleans, Lousiana: 1 bedroom, 1.5 bath with 856 square feet of living space. Price per square foot is $362.00. The apartment is in a renovated warehouse with 33 units. No taxes, the building qualifies for a 5 year tax abatement. Monthly maintenance fee is $265.00. Bend, Oregon: 4 bedroom, ... 08/07/2008

Coconut Grove, located on Biscayne Bay just ten minutes south of Downtown Miami, is unlike any other condo neighborhood in Miami. Luxury waterfront and ocean view condominiums flourish throughout this very secluded upscale mainly single family home neighborhood. Popular Coconut Grove Condos include Grove Hill Tower Condo, Grove Isle, Grovenor House, Mutiny Park and the Ritz Carlton. Sightseeing Coconut Grove's waterfront parks offer the best vantage points for observing manatees, wildlife and the sailboats in Biscayne Bay. Dinner Key, originally the base for Pan American World Airways' seaplane flights from Greater Miami in the 1930s, now houses Miami City Hall - which was converted from the original hangar. Earlier Grove history is evident at The Barnacle, the 110-year old home of pion... 08/07/2008

About Grove Towers Condo Year Built: 1982Number of Floors: 19Number of units: 99Sq. Ft. range: 1,460 - 3,364Beds: 2-3Baths: 2-3Grove Towers Amenities:- 24-hr Security- Valet- Covered Parking- Pool- Spa- Tennis Court- Gym Grove Towers CondoThe Grove Towers condo is a quality, well built property in Coconut Grove. The condominium community amenities include a, pool, spa, basketball court and tennis court. Residents also benefit from covered parking areas, 24 hour security and an exercise room. With its water views, as well as easy ocean access, the Grove Towers Miami Condominium is a real Florida jewel.Grove Towers Miami represents a great investment opportunity for the buyer or simply a nice place to rent and live! Bay views are on offer as are ocean breezes from your condo balcony. 08/07/2008

Grove Enclave Coconut Grove   Grove Enclave Townhomes year built: 2007 Construction: Townhomes Grove Enclave Number of Floors: 2 Number of units: 22 Sq. Ft. range: 2,006 - 2,350 Grove Enclave Townhomes - Beds: 3 Baths: 2.5         Enter: Grove Enclave Townhomes  Floorplans Parking: 2 car garage per unit  Grove Enclave Condo Amenities: Pool - Jacuzzi - BBQ Area - Gated - Centrally located Brick paved roadway and sidewalks  This exclusive gated community will feature only 22 Mediterranean Courtyard Homes featuring 3 bedrooms, 2 1/2 bath, 2 car garages and all the luxury features on your "I must have" list. Enjoy private amenities including a tropical pool and spa with entertainment gazebo featuring a gas BBQ, sink and covered lounge area.   Several waves of immigration established Coconu... 08/06/2008

This little blue house at 3611 Charles Street in West Coconut Grove is a great investment. It is one of the few foreclosures that is in good condition. The owners paid $365,000 for it in June, 2006, and it is currently priced at $189,900. There are 2 bedrooms and 2 baths, 1,174 square feet living space, 2,500 square foot lot. Once the Grand Avenue Project is underway, values in this neighborhood are sure to go up. To view this article in its original form click here. Riley Smith, Coconut Grove Realtor www.TheRealEstateCoconut.com Cracking Open The Coconut Grove Real Estate Market 08/05/2008

Last night I took my wife to Cita's for her birthday.  Cita's is the new gourmet Italian restaraunt in Coconut Grove.  I have to admit that I am pretty hard to please when it comes to Italian food.  I am a purist and will not be satisfied by generic Americanized Italian food.  The chef s straight from Italy and hasn't been tainted by Americans yet, so everything was very authentic. Everything from the service to the food, to the ambiance was beyond excellent.  We shared a meatball topped with ricotta and a chopped salad to start.  Then I had Penne Amatriciana and my wife had a risotto with lobster and zuchinni.  The food was fantastic, the ingredients top notch, and the presentation perfect. The atmosphere was casually elegant.  It is the kind of place where you could sit at the bar and... 07/30/2008

Pointe Group Advisors are one step closer to renovating Grand Avenue in West Coconut Grove.  Yesterday, they received approval from the Village Council's Advisory Board.  I am excited about the improvements coming.  The Grove needs another grocery store, some new restaraunts, new shops and an underground parking garage.  That area in particular needs a facelift. It is my understanding that the project will be similar to Miracle Mile. The new businesses will also increase jobs in that section of Coconut Grove which is very much needed becasue many people living there are at or below poverty level.  Peter Gardner, the man behind the project, spent some time recently talking to the residents of West Grove and listening to their concerns over the development.  With the main issue being affo... 07/18/2008

Cita's Italian Chophouse is set to open soon on Commodore Plaza.  In case you haven't noticed, Commodore Plaza is becoming the new hot spot in the Grove.  With the opening of George's, Christabelle's Quarter, Red Kiwi (my favorite frozen yogurt), and the new cafe on the corner there are so many dining options.  Cita's is co-owned by Grove resident Ed Benitez and chef Carlo Macaluso who have cooked up an amazing menu including meatballs topped with ricotta, lobster cakes, saffron pasta with lobster ragout and Atlantic salmon with truffle mustard just to name a few.  For dessert, a cotton candy cheesecake lollipop tree. I am excited to check it out, and I've heard that there is courtyard dining in the back of the restaurant.  Sounds like a great place for a date out with my wife. I'll be ... 07/15/2008

The Coconut Grove Real Estate statistics are in for the month of June, 2008 and there is good news to report.  The number of current properties for sale has declined in both the single family home and condo/townhouse market.  We currently have 332 single family homes for sale, down from 340 in the previous month.  The condo and townhouse market has seen a 4 month consecutive decrease in the number of properties on the market.  This is great news for Coconut Grove's condo market because 2 months of consecutive falling inventory is an indication of a market in recovery.  Below is a chart that includes both the Coconut Grove single family and condo market: We continue to see prices staying stable and not decreasing as in the rest of Miami-Dade county.  This affirms my belief that Coconut G... 07/14/2008

I get many calls from people who want to live within walking distance to Coconut Grove's Village Center.  As the Grove continues to be improved upon...we have a new piano bar coming into the town, a state of the art movie theatre to replace the current one, and the addition of a Lucky Strike Bowling Alley, I believe that more and more people will want to live closer to the center of town.  There are three main types of properties available that are all within walking distance - townhouses, condos and gated communities (which include single family and townhouses): Townhouses: Towards the West side of Coconut Grove's downtown area is a community of townhomes.  You can get a relatively new townhouse for a good price these days.  The average price on these (close to downtown) townhomes is $... 07/11/2008

Coconut Grove is a little closer to getting a facelift along the waterfront.  Last week, the Advisory Panel approved the project which was presented by the Sasaki Associates.  One of the main reasons for the plan is to connect the Center Grove to the waterfront.  A three story parking garage is planned with retail space on the bottom that is oriented towards boating and fishing.  The current expo center will be demolished.  The Commodore Bike Trail will be redone and connected to the whole project, and the Coconut Grove sailing club will be moved towards the US sailing center which is currently next to Kennedy Park.   Looks like Coconut Grove is about to get a facelift!     07/10/2008