Coconut Grove Homes between $1M and $1,5M are in great demand
The Selling Power of Well Maintained Coconut Grove Homes between $1M – $1,5M
I have had several buyers contacting me for Coconut Grove homes in the $1M – $1,5M dollar range. As I am looking on a daily basis for properties that match these criteria, I noticed that it is hard to almost impossible to find decent homes. Many properties are still overpriced or are in bad shape and need a lot of extra cash in order to update them.
I recently listed 4207 Braganza on the MLS, a very well-maintained property priced at $1,375,000 offering 2,564 SF with 4 bedrooms and 3,5 bathrooms on a 10,710 SF lot. This property was under contract within a week, and sold with multiple offers. The buyers were also my clients, as I mentioned before I have many clients looking into Coconut Grove homes at the moment. This property received a full price and all cash offer!
This property on Battersea Rd was under contract within a few days. Just like our listing it received an all cash, full price offer. This tropical paradise $1,440,000 and offers 3,337 SF with 5 bedrooms and 4 bathrooms on a 7,567 SF lot.
Coconut Grove is getting very strong again
The two properties above were both under contract within a few days at full asking price. As the demand for these properties goes up, I am reaching out to many Coconut Grove owners to see whether they are willing to sell their homes to my clients, or any of the many other potential buyers out there.
In case you own a well-maintained property that is between 2,500 SF and 3,500 SF, with 4 or 5 bedrooms that can be listed for $1M – $1,5M, This is the moment to sell and get top dollar!
What is interesting is that although the market between $1-$1.5m is strong in Coconut Grove we are seeing significant reductions in homes between $2m-$4m in surrounding neighborhoods (Gables and Pinecrest). So if your looking to upgrade now is the right time!