Grove at Grand Bay Units for Sale | The Best Priced Unit at Grove at Grand Bay
Grove at Grand Bay is one of Miami’s most prestigious luxury condos with superb finishes and 5 star amenities. The property is located on a bay front lot in upscale Coconut Grove. The Grove at Grand Bay residences range between $857 per SF and $1,500 per SF starting from $1,1M for a small 2 bedroom in the North Tower. The more prestigious South Tower starts selling at $3M
The Best Priced Grove at Grand Bay Unit for Sale | Unit 601 in the South Tower
3 Bedrooms | 4.5 Bathrooms | 3,890 Sq.Ft
Listed for $3,445,000 | $885 per SF
$400,000 spent in luxury upgrades such as flooring, closets and shades (This translates into $782 for a raw unit)
MLS: A10382344
Enjoy unobstructed water views of Coconut Grove bay and the Marina from this stunning 3 bedroom residence (plus Maid’s room). Located in the most desired South Tower, which is located closest to the water with no obstructions just water views! This unit is fully finished with marbles floors, built-out custom closets, electric sheer blinds & blackouts, 12 ft ceilings, floor to ceiling windows, summer kitchen on balcony, gas Cooktop, Miele and Subzero appliances, all ensuite bathrooms, laundry room, and an open floor plan with lots of natural light. Can be sold furnished with superb Fendi furniture!
The Best Priced Unit at Grove at Grand Bay for Sale
Unit 601 in the desired south tower is now listed for $885 per SF (Already being the second to last lowest listing price per SF in the tower). Important to mention is that unit 601 is a finished unit. Almost all of the other units are sold raw, this means that the buyer needs to install floors, blinds, closets and arrange all the lighting. As you can imagine, there is an impressive difference in price to buy a raw unit or a unit that already has 3,000SF+ of floors and lighting, blinds for all the windows and build-out walk-in closets. Unit 601 has spent $400,000 to finish the unit to give it that unique and well-appointed look.
Not taking the upgrades into account (to really be able to compare this residence to the other raw units for sale) we see that the actual listing price would be $782 per SF. That is by far the lowest listing price per SF in both towers. The actual listing price for this fully finished unit is lower than the average sales prices in the condo which is $952 per SF
The best priced Grove at Grand Bay listings are still very expensive compared to Unit 601-S
When comparing remember that the subject unit is priced at $885 per SF (Finished) and $782 per SF (Raw)
2669 S Bayshore Dr # 403N
Listed for $886 per SF or $3,790,000. This unit is located on a lower floor in the less desired North Tower with less clear bay views as unit 601-S has.
2675 S Bayshore Dr Unit#602-S
Listed for $879 per SF or $3,590,000 this unit is listed completely raw.
2669 S BAYSHORE DR Unit#604-N
Listed for $877 or $1,075,000 this small two-bedroom is a raw unit located in the less desired north tower
2675 S Bayshore Dr Unit#402-S
Listed for $857 or $3,5M this is a raw unit at a lower floor
Sales Prices per SF of Sold Comparables
** There is limited product to compare Grove at Grand Bay with. Almost nothing is comparable in levels of luxury and sizes. Grovenor House comes close but did not have any comparable sales in the last months**
When comparing remember that the subject unit is priced at $885 per SF (Finished) and $782 per SF (Raw)
2675 S Bayshore Dr Unit#802-S
This RAW unit sold for $837 per SF. This means they needed to spend extra money on 4,149 SF of flooring, lighting and window treatments
2669 S Bayshore Dr Unit#601-N
This finished unit sold for $965 per SF in the North Tower, which is a more affordable tower than the south tower.
2669 S BAYSHORE DR Unit#401-N
Sold for $802 or $2,390,000 this smaller sized raw unit is located on the 4th floor in the less desired North Tower
