ISABELLE ANDREWS P.A.
305.546.5421
theteam@groveexperts.com

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We are excited to reintroduce you to this architectural gem designed to capture the timeless beauty of Old Spanish styling. Its expansive porch awaits you and leads into a renovated home built in 1926. Gleaming wood floors, high ceilings with crown moldings, a fireplace, and the beautiful luminosity flowing through the numerous windows create a peaceful and serene atmosphere. The elegant floor plan offers a formal dining room, formal living room, and a casual family room. The stylish kitchen and all downstairs rooms open onto a large, manicured private backyard with a new oversized saltwater pool, a generous lounging area, and a 2-story guesthouse. This classic elegance is paired with today’s amenities: impact windows, sound system, alarm system, and a sprinkler system. The property is located on a 10,000-Sq/Ft lot and at 312 Ridgewood Road in the Coconut Grove side of Coral Gables. It is priced at $1,350,000.

If you are interested in buying or selling property, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email us at theteam@groveexperts.com.

Grove Experts

EWM 2015 Chairman's Club - Diamond Level

EWM 2014 Chairman's Club - Diamond Level

EWM 2013 Chairman's Club - Diamond Level

We Believe Coconut Grove is Extraordinary.
Our Purpose is to introduce Coconut Grove to the world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture.



 

The Grove has recently seen growing activity in this market with new homes being built in every section of our neighborhood. The 2015 New Construction total sales volume was $15,620,000 versus $8,756,900 in 2014, a 78% increase. The 2015 average sales price was $462 per Sq/Ft versus $384 in 2014. These numbers include the sales in the Sunrise neighborhood in Coral Gables with ZIP code 33133.

List of New Constructions Sold In Coconut Grove in 2015

AddressSqFt LALot SqFt#Beds#FB#HBYr Blt#GarPool? Sold Price
3763 S Douglas Rd.2,5308,50043120140Y $ 1,750,000
1619 S Bayshore Dr5,4179,00055220140Y $ 2,495,000
2850 Freeman St3,0995,27543020150Y $ 1,375,000
2592 Overbrook St2,5004,54532120151N $ 1,090,000
4420 Ingraham Hwy3,5517,15043020151Y $ 1,545,000
2225 Trapp Ave4,7416,21455020151Y $ 1,875,000
4100 Hardie Av4,1006,70054120141Y $ 1,600,000
2800 Jefferson St2,8004,54532020150N $ 1,050,000

*Only single-family homes less than two years old qualify as “New Construction.”

Visit our ISSUU page for the full magazine at:https://issuu.com/groveexpertsjournal/docs/magazine_final

If you are interested in buying or selling property, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email us at theteam@groveexperts.com.

Grove Experts

EWM 2015 Chairman's Club - Diamond Level

EWM 2014 Chairman's Club - Diamond Level

EWM 2013 Chairman's Club - Diamond Level

We Believe Coconut Grove is Extraordinary.
Our Purpose is to introduce Coconut Grove to the world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture.



 

We just listed a two bedroom/one bathroom house with 1,543 Sq/Ft of living area on an 8,400 Sq/Ft lot. However, we know that a picture is worth a thousand words. Call us.

If you are interested in buying or selling property, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email us at theteam@groveexperts.com.

We are Local, We are Global.

Grove Experts

EWM 2015 Chairman's Club - Diamond Level

EWM 2014 Chairman's Club - Diamond Level

EWM 2013 Chairman's Club - Diamond Level

We Believe Coconut Grove is Extraordinary.
Our Purpose is to introduce Coconut Grove to the world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture.



 

Waterfront Homes Sold in Zip Code 33133*

Our secluded canals and welcoming shores are captivating the affluent. Let’s not forget that our front yard is Biscayne Bay, a National Park, the largest marine park in the U.S.

With an amazing increase in waterfront sales of 131% over the previous year, 2 distinctive submarkets have emerged: canal front and open water. Values differ depending on whether the properties are located on the open bay or on a canal. The median sales price is $1,100 per Sq/Ft for Open Bay properties versus $680 per Sq/Ft on a canal.

ADDRESS#Beds#Baths#1/2Bths Living Sq/Ft Lot Sq/Ft Year BuiltPool $ Sold Price
BAY FRONT
3505 MAIN LODGE DR6628,13869,8461926Y $ 11,000,000
3310 DEVON CT77310,08624,3542003Y $ 12,850,000
3590 CRYSTAL VIEW CT68112,17819,9412010Y $ 13,400,000
6939 SUNRISE DR5616,38816,5001996Y $ 6,000,000
3525 ANCHORAGE WY55110,12118,5831996Y $ 7,137,500

CANAL FRONT
6940 SUNRISE DR5404,00914,5001976Y $ 3,150,000
200 EDGEWATER DR107111,865133,7891936Y $ 8,675,000
3305 S MOORINGS WY77212,70221,7862009Y $ 8,650,000
3542 ROCKERMAN RD5504,5587,2601980Y $ 3,100,000
6828 SUNRISE TE5313,76614,0741977Y $ 2,350,000
3120 MONROE DR5524,52018,3751912N $ 2,800,000
3835 CAROLE CT6627,96612,4442010Y $ 4,850,000

A Stable Inventory and Asking Median Price

134 single-family homes were available for sale in mid-January 2016 versus 138 during the same period in 2014. Across the board, median asking price is also very stable with an increase in the waterfront market. 50% of the properties available for sale at the beginning of 2016 have had at least one price reduction.

To find out more information, visit our ISSUU page at the link below:

https://issuu.com/groveexpertsjournal/docs/magazine_final

If you are interested in buying or selling property, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email us at theteam@groveexperts.com.

Grove Experts

EWM 2015 Chairman's Club - Diamond Level

EWM 2014 Chairman's Club - Diamond Level

EWM 2013 Chairman's Club - Diamond Level

We Believe Coconut Grove is Extraordinary.
Our Purpose is to introduce Coconut Grove to the world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture.



 

Both the number of condos sold and the number fo condos available for sale have declined since the beginning of 2015. These two trends translate to an average 7.5 months of inventory, which is a sign of a healthy market.

Here is an in depth overview of the three major buildings in Coconut Grove:

Grovenor House

8 units sold in 2015 versus 15 in 2014. The 2015 total volume sold was $23,165,000, a 41% decrease compared with 2014. The average sales price per Sq/Ft was $949 in 2015 versus $879 in 2014, an 8% increase.

Yacht Harbour

9 units sold in 2015 versus 1 in 2014. The highest sale was $412 per Sq/Ft. It was on of our listings! The lowest price was $226 per Sq/Ft. It was a short sale. The average sold price was $343 per Sq/Ft.

Grove Isle

19 units sold at the iconic Coconut Grove building during 2015 versus 14 in 2014. The total volume sold in 2015 was $14,302,800 compared with $13,964,500 in 2014, a 2.3% increase.

To find out more information, visit our ISSUU page at the link below:

https://issuu.com/groveexpertsjournal/docs/magazine_final

If you are interested in buying or selling property, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email us at theteam@groveexperts.com.

Grove Experts

EWM 2015 Chairman's Club - Diamond Level

EWM 2014 Chairman's Club - Diamond Level

EWM 2013 Chairman's Club - Diamond Level

We Believe Coconut Grove is Extraordinary.
Our Purpose is to introduce Coconut Grove to the world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture.



 

What an amazing year! The Grove's beauty is seducing people from across the U.S. and the world. Recently, our neighborhood was featured in the Wall Street Journal as one of the most desirable neighborhoods in Miami.

As the Bayshore Drive skyline continues to evolve, and contemporary homes keep popping up in so many of our streets, it is evident that a new real estate market is emerging.

This new market is evident according to the final numbers of 2015. The yearly total sales volume amounted to $268,767,995 versus $233,496,687 in 2014, a 15% increase. From 2014 to 2015, the North and South Grove markets stayed relatively even, however, the waterfront market outperformed all other sub-neighborhoods with a total yearly sale of $66,687,500 in 2015 versus $28,810,000 in 2014, a 131% increase.

In 2015, in the resale market, 162 condo units sold in Coconut Grove, which totaled a sales volume of $106,165,700, a 20% decrease in units and a 19% decrease in total sales volume when compared with the 203 units and $132,267,408 volume sold in 2014. There is good news though, the lower inventory helps to maintain the value of our iconic buildings and the new projects on Bayshore Drive, Park Grove, and Grove at Grand Bay have had an impact on the luxury condo resale market.

As with new construction for the Single-Family Home market, buyers appear to favor these new developments over established buildings. These numbers tell us that this could be the perfect moment to put your condo property on the market because of stabilized prices, low inventory, and the new projects on South Bayshore Drive, which are still unfinished.

The demand for our beautiful Grove will remain strong. Thank you again for a successful 2015. We are looking forward to helping you achieve your real estate goals in this upcoming year.

To find out more information, visit our ISSUU page at:

https://issuu.com/groveexpertsjournal/docs/magazine_final

If you are interested in buying or selling property, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email us at theteam@groveexperts.com.

Grove Experts

EWM 2015 Chairman's Club - Diamond Level

EWM 2014 Chairman's Club - Diamond Level

EWM 2013 Chairman's Club - Diamond Level

We Believe Coconut Grove is Extraordinary.
Our Purpose is to introduce Coconut Grove to the world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture.



 

Our latest buyer of a townhouse in Coconut Grove had this to say:

"Thank you to both of you! We have really appreciated all of your efforts and hard work throughout this process. As first time homebuyers it was a bit nerve racking and exciting but you both made sure we were well represented and informed.
We are so happy we can start are new family in the grove and that you both were a part of making it happen.

Look forward to future business."

D & C

The purchase was closed in January 2016.

If you are interested in buying or selling property, call Isabelle Andrews at 305-546-5421, Alba Biondi at 305-323-2595, or email us at theteam@groveexperts.com.

Grove Experts

EWM 2015 Chairman's Club - Diamond Level

EWM 2014 Chairman's Club - Diamond Level

EWM 2013 Chairman's Club - Diamond Level

We Believe Coconut Grove is Extraordinary.
Our Purpose is to introduce Coconut Grove to the world as the ultimate neighborhood for people in search of beauty, tropical elegance, and a high quality of life. The pursuit of our client's happiness and satisfaction is at the heart of our team's culture.



 

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