Park Grove Tower 3 – How This Unique Condo Could Reshape the $1M Condo Market in Coconut Grove.
February 16, 2018
The Unique Market Position of the Park Grove Club Residences / Park Grove Tower 3 The Tower 3 "Club Residences" at Park Grove sold out about two years ago. Eager buyers bought these units almost overnight and the demand is still not satisfied. Buyers are now looking for resale opportunities and are already offering prices of 35% over initial sales prices. The average sales price of Tower 3 residences in pre-construction was $1,200 per SF with the highest sales price per SF set at $1,675. In [...]