Park Grove – Coconut Grove

Brickell, Edgewater and other suburban cities around Miami are not the only areas in Miami-Dade County where developers are setting their sights.  In Coconut Grove, top developers, Terra Group and Related Group have joined forces to develop another great condominium community – Park Grove.  Being pegged as the perfect alternative to the sold out Grove at Grand Bay (just happens to be next door), Park Grove is an ultra-luxurious three-tower condominium situated right on the Bay with glorious water and city views from all vantage points.  Park Grove will bring 298 new residences to the oldest community in South Florida offering potential buyers the ideal spot to land whether downsizing is the plan or finding the perfect spot to spend part of the year. 

Tentatively slated to start construction in early next year, the three towers will be built in phases.  In addition to the residential towers, also slated is a bank and multi-level clubhouse with public amenities.  Park Grove is taking Coconut Grove real estate to the next level making it destined to be a sought after condominium in the Grove.

Parties Involved in Making It Happen

Coconut Grove’s own Terra Group has partnered with Miami’s hot-shot developer, The Related Group, to develop Park Grove.  Together, they have tapped one of the most revered architectural firms, OMA headed by partners Rem Koolhaus and Shohei Shigematsu to create and bring to life Park Grove.  From there, they have world-renowned interior designer, William Sofield, and international landscape architect Enzo Enea to give the new condominium its style and grace.   

Location of Park Grove

Situated on 5.2 acres of Bayfront property, Park Grove’s address is 2701 Bayshore Drive across from Dinner Key Marina in the heart of Coconut Grove.  It is also within walking distance to high-end shopping and dining for which Coconut Grove is known.   

Coconut Grove is the oldest town in Miami Dade County and is filled with so much history as well as sites to see including Vizcaya Museum and Gardens, Barnacle State Park, and some of the best shopping in the area.

Park Grove Highlights

Included in the Park Grove project are “50,000 amenities” according to the developers’ literature.  To highlight the community amenities, LEED-certified Park Grove offers residents expansive Bay and city views, 24-hour concierge and valet service, butler service, business center with meeting rooms, rooftop pools with private cabanas, dedicated penthouse pools, wine cellars and lockers for residents, areas dedicated for yoga, state of the art fitness centers, integrated media systems library, exquisitely designed common areas and building lobbies, adult gaming room with billiards and ping pong, and so much more.  Probably one of the most notable amenities may be the extensive art collection planned for the common areas which is not surprising considering Jorge Perez is one of the primary developers.

Property owners will enjoy open and airy residences with walls of windows, gourmet kitchens with high-end appliances, fixtures and finishes, large bedrooms and wide balconies with spectacular views.  The features are endless and make it obvious why this will become such an exclusive address. 

Real Estate at Park Grove

Reservations are being taken for the buildings with construction expected to start sometime during the first couple of months in 2015.  All three towers will have 20 floors with two towers housing only 72 units in each one and another Club Residence comprised of 140 units. 

In Tower 2 (the first of the premium tower to be built), there are only four floor plans from which to choose with sizes ranging from just over 2,200 square feet for a two-bedroom property to almost 3,600 square feet for a four-bedroom, five and a half bath residence.  List prices start around $2.5 million and climb to almost $5 million.

For the Club Residence (Tower 3), sizes are smaller and more affordable with 750-square foot, one-bedroom, one-bath units starting in the mid-$500s; two-bedroom units priced from the mid-$700s to over $1.2 million; and finally, three-bedroom units priced from the mid-$900s to about $1.5 million.

It is worth noting that about 30 percent of Tower 2 is reserved with about 20 percent of the Club Residences reserved.  For reservations, 10% is due followed by another 10% at contract.  From there, another 10% is required at ground breaking and 10% at residence floor.  Finally, 50% is due at closing.

Unbelievable Luxury

Park Grove is going to be an unbelievable property and very popular especially considering the Grove at Grand Bay is sold out.  Let us set up a private tour at the sales center.  We promise that Park Grove will amaze you.  It is Coconut Grove real estate at its finest. 

Top Five Coral Gables Country Club Listings

Many of the Miami-Dade communities are undergoing major overhauls whether through the development of planned neighborhoods or the complete destruction of older homes on premium lots.  Coral Gables is one of the area communities where buyers are buying up older homes in need of an overhaul so that they can knock it down to build their dream homes. 

But in the midst of all this new construction, the Coral Gables Country Club neighborhood sits in all its grandeur with some of the most beautiful and unique homes commonly described as “old Florida.”  Surrounding some of the Gables nicest golf courses (Riviera Country Club and Biltmore Golf Course)ost have a Mediterranean influence in their design and no matter the size offer characteristics not found in newly constructed homes today.

The Country Club neighborhood is a carefully thought out and designed neighborhood that features homes in most every price range and size from the coziest bungalows that appeal to buyers who want to update and renovate property to the most impressive estates that entice only discerning buyers who expect a level of excellence.  On top of this, the location is ideal as it is close to some of the area’s best shopping as well as top public and private schools and golf courses (as we mentioned earlier.  Additionally, the University of Miami and Miami International Airport are a short drive from this centrally located neighborhood.

There is a broad spectrum of list prices in Coral Gables Country Club typically ranging from the low-$400s to the millions.  Following are the top five Coral Gables Country Club listings:

3305 Alhambra Circle, List Price:  $12,500,000

WOW!  What else can be said for this grand manor?  Originally designed by Walter De Garmo (Women’s Club of Coconut Grove), this estate, built in 1926, is an architectural masterpiece with eight bedrooms and six and a half baths with a one-bedroom, one bath private apartment.  While the home has been updated, the original finishes radiate throughout the house with wood beam Cathedral ceilings, inlaid marble floors, intricately carved wood doors, and more.  The large chef’s kitchen is amazing as is the open living area with French doors leading out the Mediterranean-revival style pool area and deck.  A large backyard area opens up to the fairway along the Biltmore Hotel’s golf course.  The home is surrounded by a high wall on three sides with private double iron gated entrances to exude privacy as an estate of this caliber should. 

Coral Gables Homes for Sale 

3200 Granada Boulevard, List Price:  $4,850,000

Pulling into the driveway of your new home on Granada Boulevard signifies that you have truly arrived.  Granada Boulevard is a street that stretches across two Coral Gables neighborhoods.  As the street numbers get larger so do the houses along this lovely tree-lined street in one of the nicest neighborhoods in Coral Gables.  The gated, tree-lined entry of this spectacular leads to a beautiful estate is remniscent of a European estate understated in its design yet one of the most gorgeous homes on the street.  Inside, this home showcases vaulted ceilings, wood inlay floors, and so many other intricate features and fixtures.   The kitchen itself is a dream kitchen to anyone who enters with it exposed brick walls, high-end stainless steel appliances, and granite countertops.  The master features tons of room with a sitting area as well as a custom designed walk-in closet, enormous bath and terrace.  There is so much to see that it is necessary to tour this grand estate.  Remodeled in 2009, this is the ideal home for entertaining as well as enjoying life in Florida.   

2800 Alhambra Circle, List Price:  $4,395,000

Another home on the highly desirable Alhambra Circle is this showplace built by Legacy Custom Homes.  Under the 7,113 square feet are large rooms that flow from one to the other in a most relaxed manner making the house perfect for entertaining.  Additionally, there is a large chef’s kitchen with beautiful granite counter tops and stainless steel appliances and room for a large kitchen table for family dinners.  There are six bedrooms and seven and a half baths with each bedroom having its own private bath.  Outdoors, the residents and their guests can enjoy the Florida sunshine from the large rear patio and veranda adjacent to a resort-style pool while dining on meals prepared in the outdoor kitchen.  Other fixtures and finishes include a gated entry, automobile courtyard, elevator and exquisite extras throughout the home.  This is truly a showplace without being ostentatious.    

3309 Granada Boulevard, List Price:  $2,995,000

Back over to Granada Boulevard, we have another spectacular home currently under construction by Gregan.  This gated estate with a Transitional European architectural style will feature a fountain courtyard that will lead to a beautiful foyer at the main entrance.  Inside, the plans show a large kitchen and family room that open to a rear yard with beautiful pool and pergola.  On the first floor, there will be a guest suite as well as one for house staff.  Upstairs the master spreads across the entire rear of the house and includes a sitting room, two walk-in closets and an unbelievable master bath.  This is a huge opportunity to live on one of the best streets in Coral Gables in a new home that is as impressive as those around it. 

4209 Santa Maria Street, List Price:  $2,875,000

It is the intricate detail that makes this home an absolute treasure.  Situated in the main section of Merrick’s historic Pioneer Village is this gracious 5,300+ square foot estate with a Mediterranean architectural design.  Situated on Santa Maria Street, this home offers panoramic golf course views across Riviera Country Club.  Inside, the foyer opens to a huge two-story great room with stunning open beamed ceilings, a large fireplace, and upper level bookcases that line the walls.  Additionally, there is a dream kitchen with sleek granite counter tops, stainless steel appliances and custom cabinetry which opens to a large breakfast area and into a family room.  The bedrooms are large and feature hardwood floors.  Outside, there is a lovely covered loggia with an outdoor living area with a tropical feel.  There is impact glass as well as extra land large enough for a guest house, pool or an addition onto the main house. 

Classic Florida Real Estate

The Country Club neighborhood in the heart of Coral Gables is probably one of the most sought after areas for Coral Gables real estate buyers.  It is in this neighborhood that homes feature the best in classic Florida real estate with a modern twist where inside most properties there are substantial updates so that the idea of a “dream home” is a true reality.