The deal is that it is still for SALE and now you can buy a piece of it!!!  This massive parcel of land in the Heart of Coconut Grove is still for sale and has been off and on the market since 2006 with different listing agents.  For the first time the recent agent, Samir Kraziem with Keyes is marketing it as multiple smaller lots ranging in price from $1,250,000 up to $16,500,000 (for the entire piece with the house).   It is offered in 9 different ways depending upon the size of the parcel(s) included.  The original Alfred Browning Parker home built in 1950 is so true to the Grove and reminiscent of that time since it is in original condition.  But if you don’t want the house you can purchase the land around it for $12,500,000 and build your own Masterpiece. The entire parcel is almost 71,000 SF and is right next to Ransom High School with 300 FT of waterfront.   

If you are interested in this land or want to shop for a lot to build on call me at 305-807-9199 and I would love to find your lot and navigate you through your transaction. 

If you are shopping for a newer home this is it!!!  The owner built this and several other homes in Coconut Grove and you will only find the finest finishes and quality construction.   See the attached for photos and more information  or click here
RE2 8 Photo View (MLX). 

To view this Property or others like it call me at 305-807-9199. 

The rental market has been strong for the past few years and this holds true for specific turnkey properties in desirable neighborhoods.  I recently put a 3 bedroom new construction townhouse on the market for rent for $3150/MO.  and have had over 18 agents contact me to show the unit in only 24 hours after hitting the MLS.  I have found this type of activity over the past three years when I put a property up for rent that is turnkey and in a desirable location.  If you are looking to rent a newer 3 bedroom, one car garage in Coconut Grove call me to view this property at 305-807-9199.  If you are thinking about selling and can’t afford to sell at this time due to market conditions and mortgage(s) renting may be a way you can make profit and move onto your next endeavor.  My real estate team handles every component of finding a qualified tenant and performs the complete background check.   You may reach me at 305-807-9199. 

Now is the time to list your townhouse!  There are only five villas on the market built after 2000 for sale east of McDonald.  To view actives click here RE2 Multi-Row w/Rmks View(MLX)

 This number is typically three times this figure in any given quarter.  Why is this?  Well lots of owners purchased their townhome in 2004-2007 when the market was obviously much different with higher property values.  Some folks even pursued a 2^nd mortgage or a home equity line and spent the money on perhaps upgrading their home like adding a pool or other things such as cars, vacations or even paying off various debts.  With that said, most owners are under water therefore if they try to sell they don’t have the money to bring to the closing table not only because the value has gone down but because they owe the money from the first and home equity line.  Now since there is little inventory the prices are steadily going back up and allowing owners to sell again and in some cases walk away with profit.  New construction townhomes in Coconut Grove are a fabulous option for buyers who can’t find the right single family home to have move in ready, a garage, a pool, impact glass and a yard. 

If you are thinking about selling or buying your townhome or villa –call me at 305-807-9199-I have successfully sold over 45 townhouses and know how to navigate you to a triumphant closing. 

You could tell from the action today during the Broker’s Open Houses that the market is only getting hotter and in my opinion stabilizing which is what I have been experiencing all year in 2012.  Great time to sell and maximize your selling price!  There are two beautiful Coconut Grove homes new on the market and in South Grove locations.  3870 Leafy Way is a 5/4.5 built in 1923 and remodeled in the 90s, almost 4000 sq ft with a guest cottage on about ½ acre.  The coral rock fireplace is stunning-check out the photo.  Carol Smith with EWM has this home offered at $1,550,000.

The other totally charming Coconut Grove property is located at 3648 St. Gaudens Road and is offered by Garlin Lewis & Brenda Martinez with EWM for $1,590,000.  Almost 3000 sq ft on about 10,000 sq ft of land this 1904 residence was updated and added onto in the 90s.  This is also equipped with a guest casita and pool.  Both on adored South Coconut streets and a treat to view during our Wednesday caravan. 

If you or someone you know would like to check out either of these homes or others in Coconut Grove, Coral Gables, South Miami or Pinecrest call me today at 305-807-9199.  I will successfully navigate you to the closing table when buying or selling.     

Just like I expected, for the little over a week, 3077 Allamanda has been on the market and extremely busy!!  The open house on Sunday had over 40 visitors while my Broker’s Open House yesterday had over 20 agents come by for a look.  This market has little ready to move in, properties so if your property is in great shape with features like impact glass, garage, pool and at least three bedrooms your chances of having a contract in under 30 days is highly likely!  On the east side of 32^nd Avenue there are only literally a handful of new construction townhomes for sale and typically you can find over a dozen to choose from at any given time! Click here RE2 Multi-Row w/Rmks View(MLX) to view the actives which include both west and east of 32^nd Avenue.  Nine of the 11 pending sales in Center Coconut Grove are either a short sale or foreclosure.  Click here RE2 Multi-Row w/Rmks View(MLX) to view the pending short sale or foreclosure deals.  Inventory levels continue to be low and even in the single family arena in Coconut Grove there are only ½ dozen or so homes on the market in all of South and North Coconut Grove under a million that compare to a newer construction townhouse and do not require renovations.  It continues to be a great time to sell especially since there are not a dozen of short sales or foreclosures to compute with since they are under contract.   Is the market as hot as it feels due to such low inventory levels? 

With 3 second showings and 1 third showing I expect it to be under contract soon!  Open Super Bowl Sunday 12:30-2:30 pm!

If you are thinking about buying or selling in Coconut Grove or Coral Gables call me to discuss your criteria or to meet to review the sale of your property at 305-807-9199.

It is an interesting market that is for sure!  Several local Realtors are advertising what their buyers are looking for since inventory is so low.  What a great time to list your home with a professional Realtor while demand is high and supply is extremely low!  It is close to the holidays but buyers are actively looking just like any other time regardless if they have to prepare a Turkey next week or shop for presents!   If you are thinking about selling call me today at 305-807-9199 for a market review –you may be excited about the price you could sell your home for right now! 

Over this past year, there have only been a dozen or so of closed residential land sales in South & North Coconut Grove.  Most of the sales have gone to individuals who can’t seem to find the perfect home and resort to building it!  After all sometimes after renovating and redoing kitchen, baths, floors most of my clients and friends exclaim, “We should have just built, it would have been easier to get exactly what we wanted!”  It is a great time for developers to build again since inventory is low, land deals are still lurking around and there are lots of young families having more babies who want something new and nice to move into with more space.  There just isn’t plentiful amounts of land to even purchase or consider in North and South Grove.  I think from a resale value and location stand point it is always best to find a parcel of land or tear down in a gated community and heck if it’s on the water even better!   I just want to mention a few details from sales in 2011 in gated communities.  A tear down sold in Ye Little Wood for $730,000 which is 21,000 SF of land to a buyer who may build a spec home or create his own custom home.  Only one property sold this year for land in the adored Moorings and recently closed for a healthy $82/SF. I am pretty sure the buyers couldn’t find their dream 2^nd winter home but sure did pick a great location in the tropics!  The last land sale in The Moorings sold back in 2010 for $70/SF. Another lot which sold privately without Realtors sold for $2,580,000 in Four Way Lodges which is the gated portion of Poinciana Avenue towards the water.  Max Strang is in the midst of building the lucky new owners a magnificent modern masterpiece on the water. Gated communities will command more $/SF because of exclusivity and the location.   Keep in mind most land sales are tear downs and typically categorized in the MLS as single family homes so may be difficult to track since they won’t pop up if you are searching just on land.  Most Realtors will input them as both RE1=single family home and RLD=residential land.  Also, since they are not making more of it expect to see some sales above average.  Some savvy buyers understand and are willing to pay the premium for location to build. 

Is it time for a talented tasteful developer to start building Spec Homes in Coconut Grove? 4055 SW 37^th Avenue/Douglas is screaming to be developed.  This ~8 acre, 320,000 SF property rests peacefully between the amazing Kampong Tropical Botanical Garden and residential Bayhomes Drive backing up to the beauteous Bay.  Sold back in 2000 for $9,000,000 the owner of this land has been offered over the years triple what she paid for it but has never sold.  Annual taxes alone are $360,000.  If Ugo Colombo could get his hands on this parcel and build 30 or so homes I think it would be a total success especially if the architecture and finishes were reminiscent of his condo project on Bayhore Drive, The Grovenor House.  Young families and savvy buyers are not looking for cookie cutter McMansions or the overdone Mediterranean we see over and over again but rather modern, clean, sleek, sophisticated and classic Architecture.  There is a generation of buyers looking for homes that are currently nowhere to be found and I think would be quickly under contract if this specific parcel of land was developed and constructed. 

One reason to team up with a local, specialized Realtor to purchase or list your property is for their knowledge of the market.  Knowledge is power when buying or selling real estate.  If you are thinking about buying or selling in Coconut Grove call me at 305-807-9199.