Comparing Luxury Real Estate Markets: Boston Vs Miami Luxury Real Estate
Looking for the luxury condos in Coconut Grove? | Could the Grove be the Best Place to buy a Luxury Condo?
Looking at luxury Condos in Coconut Grove? | Are Coconut Grove Condos the best investment for those searching for a luxury lifestyle?
Driving down S. Bayshore Drive in Coconut Grove, you will find yourself impressed by Coconut Grove’s luxurious and waterfront condos. Although most people know the Grove as a single-family home market, it becomes more and more in vogue with condo buyers.
Buying a Coconut Grove Condo – A Lifestyle Choice
Buyers of Coconut Grove real estate value the Grove’s lifestyle. The bohemian chic community offers an excellent waterfront location between Coral Gables and Brickell and is very desired by affluent families because of its 24/7 police controlled streets and excellent schools. Coconut Grove is a very special place within Miami and you will find another demographic here than elsewhere in Miami. Coconut Grove attracts many established families and most residents are property owners, not renters. Coconut Grove is elegant and chic, yet laid back. The age of inhabitants tends to be more 30’s and up as opposed to Brickell’s 20 something population, and this understandably shows when you look at the local affluence. With this in mind all these factors have made for a far more robust market, not to mention desirable for those looking across Miami for a luxury Condo.
The 8 reasons to buy Coconut Grove Real Estate
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Comparing Coconut Grove with other desired condo destinations like Miami Beach and Brickell, we see a steady inventory level, with in some months even a sellers market (below 6 months of inventory). Coconut Grove’s market is absorbing its supply very well. In the table on the right you can see the absorption per price range
Comparing different prices ranges of Coconut Grove condos we see that the condos with a value lower than $1M show the highest inventory (which is still a reasonable 11 months of inventory on average). While the $1-2M market shows the lowest inventory with an average of 6,6 months (A well balanced market with a tendency towards a sellers market).
Buying a Coconut Grove Condo – An Investment Opportunity
Coconut Grove has a very different dynamic to the Brickell Condo Market or the Miami Beach Condo Market. Coconut Grove has a very limited supply of high-end Luxury condos, yet the neighborhood is receiving more and more attention from buyers.
The resale market in Coconut Grove knows some great quality products with superb and direct ocean views that are very much in demand with buyers. The most desired luxury condos in Coconut Grove are: Grovenor House, Residences at Vizcaya, Residences at the Ritz Carlton in Coconut Grove and Grove Hill. Unlike Brickell or the Beach, Coconut Grove condos tend to have a lower amount of units and these residences seldomly enter the market.
The announcement of Grove at Grand Bay, followed by Park Grove has made a major impact on the Grove’s condo market. The latter two condos are the first truly luxury condos in Coconut Grove and have been selling successfully. The desire to live in the Grove, together with the offering of expansive units with the finest finishes and 5 star amenities makes both towers to sell their units in a heartbeat.
Park Grove in Coconut Grove is a new architectural masterpiece by Rem Koolhaas’ Office for Metropolitan Architecture. The Park Grove Condo project will feature 3 towers and 298 completely finished residential units located in a 5.2-acre waterfront park with over 50,000 Sq.Ft of amenities and a major collection of Art, displayed throughout the property. A true luxury condo.
Grove at Grand Bay in Coconut Grove, with its twisting, dancing glass towers that allow for panoramic views of Biscayne Bay and the Miami skyline. The two buildings are low-density, with 98 spacious, custom homes featuring 12-foot-high, floor-to-ceiling glass and 12-foot-deep terraces. Grove at Grand Bay emphasizes livability and Luxury —it’s design in the service of life.
Please contact me at +1.305.508.0899 or david@siddonsgroup.com for more information on Coconut Grove Luxury homes or Coconut Grove Luxury Condos !
WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...
For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.
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We have only superlatives to describe how wonderful Cris Buzolin was throughout the process of selling our townhouse in Coral Gables. We were away in the UK while the transaction was taking place and Cris handled everything-from clearing out our house, selling contents when she could, arranging the moving and storage and dealing with some very difficult problems which arose. Always patient and very willing to help in every way, Cris is a consummate professional who really cares about her clients and worked extremely hard to get the price we had asked for and make things for us as easy as she could. Nothing was too much for her to handle.Cris and Marianela (who provided additional very helpful assistance to us during the transaction) are part of the team that David Siddons has assembled.When we decided to sell our property, we contacted David and he established the framework for the transaction and ensured that everything proceeded smoothly and in accordance with our wishes. In sum, David Siddons and his team are extremely competent and professional and we are totally satisfied with the service they provided. To repeat, Cris Buzolin in particular, went way beyond what one would expect from a real estate agent. The David Siddons Group has our highest recommendation!
I thank the whole team and especially Cris Buzolin who, in a very professional and competent way, helped me to sell my property safely and in the best market condition.
Fantastic group of people to work with!! David and Adriana were responsive and professional throughout the entire process. We weren't familiar with South Florida so David took us under his wing and did a fabulous job giving us a tour of select neighborhoods in South Florida and shared a great deal of information about each. We fell in love with the Botaniko community in Weston and closed the deal with Adriana. If you are buying/selling this is the team you want to work with!! Thank you guys for helping us find our dream home.
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