Grove at Grand Bay, Coconut Grove | Should I sell my condo to buy this Coconut Grove condo?
Grove at Grand Bay is opening soon! Should I buy this Coconut Grove Condo?
Grove at Grand Bay is certainly a defining landmark in Coconut Grove. As you drive down South Bayshore Drive into Coconut Grove and the two-tower condo rises up in front of you with its unique architecture of twisting towers, its hard not to admire and be impressed. The Grove has long been a ‘laid back’ environment, so very different from the over-the-top glitz of South Beach or the ‘Manhattan like’ bustle and dense landscape of Brickell. It’s a neighborhood that feels easy going, beautiful and even described by some as ‘bohemian’. Although Coconut Grove still embraces this Bohemian feel, it is likely to see some changes….
Coconut Grove is now the place to be
Grove at Grand Bay is really the first Coconut Grove condo to pull some of the more high-end buyers that might have considered other beachfront parts of Miami. These buyers however swapped their purchase decision from beach front to Marina front. Current Condo prices and $ per Sq.Ft can be found on the neighborhood page for Coconut Grove. Compare this to Miami Beach and you will see how relatively cheap the Grove still is.
So who has bought in Grove at Grand Bay when it started selling a few years ago? And will those who have waited (to see what it is like before it opens) be impelled to sell their existing Miami condo and buy here?
After talking to the sales team of Grove at Grand Bay we have been told that the ‘buyers profile’ of this Condo is as follows: Snow Birds and empty nesters from Coconut Grove, Coral Gables and Pinecrest. Many buyers are from the USA, especially from the North East (New Yorkers are targeting Miami Real Estate). A number of South American families and an increased amount of Europeans. What is most interesting is that many of these buyers will be using the building as their primary residence.
Current condo owners (and many home owners and gated community home owners) in Coconut Grove and Coral Gables may well consider making a shift to Grove at Grand Bay when it opens. It will really depend on the final product quality finish of the units and the entry price point.
The highest $ per sqft sales for Condo prices in the Grove had been back in February 2016 when we achieved a peak of $985 per sqft. There is currently just 11 units for in Coconut Grove over $900 per sqft. The majority of these are to be found in Grovenor House.Grove at Grand Bay when sold pre-construction 2 years ago was achieving around $1000 per sqft. Where will resale prices be?
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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!
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.