By Anne Platt

Coconut Grove

The lush tropical gardens and breathtaking beauty of Biscayne Bay have for centuries attracted visitors and locals alike to Coconut Grove.

 

Within the last year, three of the most expensive luxury homes sold have been in one of the guard gated Bayfront enclaves along Historical tree-lined Main Highway, just south of the Village of Coconut Grove.  Another home in Four Way Lodge Estates listed at $9,900,000, just recently went under contract. 

 

Buyers with children are drawn by the exceptional world-class private schools and the excitement of all the year around outdoor activities.  They love that they have the privacy and seclusion of their Bayfront retreat, yet are within walking distance of the vibrant Village of Coconut Grove. Look closely on the aerial and you will see the boats at the yacht and sailing clubs to the right of the arrow.  

 

The red arrow on the aerial approximately locates these sought after Bayfront sanctuaries of Hughes Cove, Anchorage Way, and Four Way Lodge Estates. Entrada is further south on the map toward the bottom.

2018 Record Breaking Sales

#1 3550 Matheson Avenue (Entrada)  - Closed Price   $19,750,000
#2 3307 Devon Court  (Hughes Cove)  - Closed Price  $12,437,500
#3 3525 Anchorage Way  (Anchorage Way) -  Closed Price  $8,250,000

Additional Sales in Four Way Lodge Estates

3333 Poinciana Avenue (Four Way Lodge Estates) - Closed Price  $5,770,000
3811 Bayside Court (Four Way Lodge Estates) - Under Contract Listed $9,900,000

3370 Poinciana Avenue
(not waterfront) Four Way Lodge Estates

Listed for $1,350,000 by Anne Platt Coldwell Banker Global Luxury
Under Contract

Contact Anne  Plattproperties@bellsouth.net or 305-332-2027

 

Coconut Grove Market Report
Single Family Homes | Year End 2018
Average Sales Price for 2018 was $1,769,689
Median Sales Price for 2018 $1,277,500
All Price Ranges Active Pending Closed/Sold DOM % of SP to LP**
End December 2018 162 22 160 126 93%
End December 2017 163 22 162 107 93%
Sales Figures represent sales from the preceeding 12 months

Can you imagine such close sales numbers? 
I triple checked the figures! 

It is very unusual to have sales statistics so close. Check out the latest Coldwell Banker market review, The Report:  State of Luxury 2019. Charlie Young, President and CEO of Coldwell Banker, states that close numbers are happening around the country.  While we are not seeing the record breaking appreciation we saw in prime markets coming out of the recession, in the long view the luxury real estate picture is steady and stable. Note the records broken in Coconut Grove are all water front homes.   

http://blog.coldwellbankerluxury.com/the-report-2019/

The average price for a single family home in North and South Coconut Grove has increased 5 % from $1,688,215 at the end of 2017 to $1,769,689 at the end of 2018. The chart below shows the total number of homes sold in Coconut Grove by selected price ranges. If you wish a different range than you find featured here, contact me: PlattProperties@bellsouth.net   or 305-332-2027  and I will be glad to research it for you. 

Coconut Grove Sales  | Selected Price Ranges
  Active Pending Closed/Sold DOM % of SP
to LP**
Over $6,000,000          
End December 2018 8 0 4 160 86%
End December 2017 11 1 4 262 92%
$3,000,000 - $6,000,000          
End December 2018 17 0 9 171 88%
End December 2017 17 0 12 171 86%
$2,500,000 - $3,000,000          
End December 2018 10 0 9 201 95%
End December 2017 9 1 7 84 88%
$1,300,000 - $1,600,000          
End December 2018 29 1 24 137 93%
End December 2017 27 2 26 79 91%
$800,000 - $1,000,000          
End December 2018 14 4 28 107 92%
End December 2017 17 5 30 103 96%
Sales figures represent sales from the preceding twelve months.

 


Coral Gables

Coco Plum

3421 North Moorings Way

165 Paloma Drive

6 Bedrooms and 5 and ½ baths
7,132 Living Square Ft.
20823 Sq. ft. Lot  Offered $4,670,000
This home has been impeccably renovated to achieve the perfect combination of luxury, style and technology.

For details contact:
Anne Platt  305-332-2027  Plattproperties@bellsouth.net
Serena De Marta 954-816-0127
Visit SerenaDeMarta.com for photos

Coldwell Banker

 

The average price for a single family home in Coral Gables has increased 16% from $1,293,561 at the end of 2017 to $1,501,623 at the end of 2018. Single family homes in Coral Gables have continued to sell well, though there is a slight build up in the active homes for sale.  The number of homes pending sale is down.   The first chart below shows the total number of homes sold in Coral Gables in all price ranges. Below it you can see the selected price ranges. If you wish a different range than you find featured here, contact me: PlattProperties@bellsouth.net or 305-332-2027 and I will be glad to research it for you.

 

Coral Gables Market Report
Single Family Homes | Year End 2018

Average Sales Price for 2018 was $1,501,623
Median Sales Price for 2018 was $970,000

All Price Ranges Active Pending Closed/Sold DOM % of SP to LP**
End December 2018 386 54 465 98 94%
End December 2017 367 69 485 97 94%
Sales figures represent sales from the preceding twelve months.

 

The numbers below show the sales analysis in Coral Gables in selected price ranges.  Contact me at PlattProperties@bellsouth.net if you wish more detail of if you wish a different price range

Coral Gables Sales | Selected Price Ranges
  Active Pending Closed/Sold DOM % of SP
to LP**
Over $6,000,000          
End December 2018 43 2 14 190 88%
End December 2017 32 1 3 347 92%
$3,000,000 - $6,000,000          
End December 2018 58 5 25 158 91%
End December 2017 52 5 26 173 91%
$2,500,000 - $3,000,000          
End December 2018 30 3 20 240 92%
End December 2017 23 1 16 213 93%
$1,300,000 - $1,600,000          
End December 2018 31 4 50 92 95%
End December 2017 27 3 42 110 94%
$800,000 - $1,000,000          
End December 2018 42 9 85 81 94%
End December 2017 53 7 87 68 92%
Sales figures represent sales from the preceding twelve months.

 

Around the Corner or Around the World
Coldwell Banker Global Luxury is There

Prospect

Yesterday we received the new Coldwell Banker Global Luxury report, The Report: State of Luxury 2019, and I am thrilled to be able to share it with you.  Craig Hogan, Vice President of Luxury, says it is one of the most valued and buzzed about real estate resources ever created. We hope you agree.  Please let me know at  PlattProperties@bellsouth.net or 305-332-2027. 

It contains a recap of 2018 trends as well as the latest list of the new “Power Markets.”  This year they have expanded certain features and added more in depth analysis of our neighbors Canada and Mexico as well as several prime markets overseas.  http://blog.coldwellbankerluxury.com/the-report-2019/
With 3,000 offices in 47 countries, and 92,000 sales associates spanning the globe, Coldwell Banker Global Luxury uses our powerful international connections bring you the latest luxury updates.  This year we opened five new offices in downtown Paris, Rome, downtown Bangkok, Biarritz and Barcelona.

report 2019

Today one of my colleagues met with new customers from France wishing to purchase a home.  The couple had taken the elevator to our 7th floor office in Ugo Colombo’s Collection Building on Ponce de Leon.  We receive many phone inquiries. Not many customers “drop in” to the 7th floor. The buyer explained that in France, where they live, the Coldwell Banker Global Luxury Brand and the excellent long term reputation is huge.  Of course they would come to Coldwell Banker when they were ready to purchase their home in Coconut Grove or Coral Gables!

Enjoy,

Anne Platt


Trust Four Decades Serving Sellers and Buyers
in Coconut Grove and Coral Gables.

Call me, Anne Platt, when
You are Ready to Make Your Move.


Anne Platt

Coldwell Banker

CertifiedInternational Property Specialist

Visit www.LuxuryMiamiHomesandGardens.com 
to search for properties and real estate market updates.

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www.PlattProperties.com
Direct 305-332-2027 | Office 305-667-4815
Email:  PlattProperties@bellsouth.net

Exciting new PlattProperties.com    Under Construction  Coming  soon!           


Now, a note about the numbers I use in this report. The report covers strictly Single Family Homes in the residential neighborhoods of Coral Gables and North and South Coconut Grove. In those neighborhoods there are roughly 2,100 homes in the Grove and 10,814 in the Gables. All information is from the Southeast Florida Multiple Listing Service. You may see different figures from an economist, market forecaster or realtor who measures the market from another perspective.

 
Note that the individual North and South Grove sale price averages are different from the Review as reports on the LuxuryMiamiHomesandGardens.com site are run individually with dedicated North and South Reports.

 

 



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