Renowned
for its lush scenery, breathtaking views of Biscayne Bay and a relaxed
atmosphere, Coconut Grove is located south of the Brickell neighborhood and
east of Coral Gables. Referred to by locals as “The Grove”, it is an area populated
by open-air cafes, alluring boutiques and a bustling nightlife.
Newer
condos in the area have revitalized Coconut Grove real estate. Two such
projects are the Grovenor House and the Residences at Vizcaya. Sales at The
Grovenor House, the new 32-story luxury condominium with 166 residences, have
been relentless and outstanding. They began in June and by mid-July three
quarter of the building had sold at prices averaging $450 per square foot.
In the words of property developer, Ugo
Colombo: "I got taken by surprise by the sales. My plan was to sell the
building as it was built, I think there is a demand for large units in the
Coconut Grove and Coral Gables. There is no luxury building in that area.”
No
one has been more surprised than he about how sales have skyrocketed. One Saturday
morning last month, $5 million in condos was sold within a space of 45 minutes.
Built
in 2006, two, three and four-bedroom condos in this waterfront high-rise range in
price from $700,000 to $5 million. Amenities include: 24 hour concierge,
contemporary spa and fitness center, lush tropical gardens, marble bathrooms,
heated infinity edge pool, lighted tennis court, fenced dog park and a
children’s recreation area, just to name a few.
Another
significant and highly successful project for Coconut Grove real estate are the
Residences at Vizcaya. These newly designed condos are set on two acres of lush land.
The development includes 18 three, four and five bedroom units in total, but over
the course of the past few months 13 have already been sold.
All
of the homes overlook Biscayne Bay and have square footage ranging from 3,000
square feet up to 10,000 square feet. Prices range between 1.3 million to $6
million. Designer kitchens are adorned with Miele appliances and granite or
quartz countertops.
The
sophisticated contemporary seven-story building cost approximately 450 million
to build and was designed by architects, Behar, Font and CC Arquitectos. Building
amenities include but are not limited to: a private seven-slip marina, lap pool
with surrounding cabanas and sundeck, private club and meeting rooms, fitness
center, and 24-hour concierge service and security.
Come
and take a look at what is available in Coconut Grove real estate.
You
will like what you see.
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