There is no doubt about it, the market for townhouses in Coconut Grove is on fire! My team has already closed on 3 townhouses in 2014 and we have 4 more under contract including our listing at 2926 Virginia Street which we sold in under 7 days.
Owners in the Center Grove are finally above water and are taking advantage of the hot market. If you have a newer construction townhouse in a good location in the Center Grove, you are looking at a value of over $600,000 in today’s market.
Buyers are attracted to townhouses (particularly those that are newer construction) because they are turn-key ready, offer more space than a similarly priced single family home in the Grove, and are within walking distance to the shops, restaurants and movie theater.
Click here to view what is currently for sale in the Center Grove.
Notable recent sales in Center Coconut Grove:
- 2993 Ruth Street | 1 Day On The Market! | Sale Price: $650,000 | Built in 2014 | Sale Price/Sq. Ft.: $313.00 | Listed by Mariana Martinez Realty
- 2983 Jackson Avenue | 5 Days On The Market | Sale Price: $580,000 | Built in 1995 | Sale Price/Sq. Ft.: $339.00/sq. ft. | Listed by One Sothebys
- 3063 Center Street #15 | Sale Price: $355,000 | Built in 1998 | Sale Price/Sq. Ft: $417.00 | Sold By The Riley Smith Group
- 3059 Center Street #13 | Sale Price: $350,000 | Built in 1998 | Sale Price/Sq. Ft.: $411.00 | Sold By The Riley Smith Group
– See more at: http://therealestatecoconut.com/2014/03/townhouses-in-coconut-grove/#sthash.yo85dWxg.dpuf