Coconut Grove, FL

Beacon Harbour Condo Coconut Grove

Beacon Harbour located at 1660 South Bayshore Court in Coconut Grove.

Beacon Harbour Home Page Beacon Harbour Photo Gallery




Beacon Harbour condo year built: 2003
Number of Floors: 5
Number of units: 10
Sq. Ft. range: 3,444 - 3,812
Beds: 3 - 4 / Baths: 3 - 5
Price Range: $2,900,000 - $3,500,000

Beacon Harbour Coconut Grove condo amenities:
Gated Community - 24 hr- Monitored surveillance - Covered Parking - Pool - Gym - Jacuzzi - Marina

Beacon Harbour's elegant three- and four-bedroom residences are extremely spacious and offer up to 3,800 square feet of living space. In addition, to rooftop terraces for each penthouse, each unit features expansive, wrap-around terraces with stunning views of Biscayne Bay. A gated community, Beacon Harbour's other amenities include a 24-hour monitored security system, a private garage, plenty of guest parking, a porte-cochere available at the lobby entrance, a 60-foot heated, bayside lap pool with spa, and a state-of-the-art fitness center. Beacon Harbour is located at 1660 South Bayshore Court in Coconut

For More Information call: 305-225-5033

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COCONUT GROVE

Coconut Grove has been dubbed a "village with a rhythm all its own." Coconut Grove's variety and originality are reflected in the dining choices offered by its eateries and in the jazz, salsa and reggae heard in its funky neighborhood bars. The waterfront parks of Coconut Grove offer some of the best vantage points for watching manatees and sailboats, while specialty Coconut Grove stores sell an exhilarating range of merchandise.

Coconut Grove may have changed since its days as a bohemian village populated by artists, but its zany charm and energy are as potent as ever. Located on Biscayne Bay just ten minutes south of downtown Miami, The Grove is unlike any other neighborhood in South Florida. Coconut Grove is known in the real estate world for its luxury homes, villas, condos and lofts on privileged locations that only this village can offer.

Let us help you find the home of your dreams in Coconut Grove. We have a direct relationship with the major builders to offer you the best prices, but if you can't wait for the pre-construction process, we have a comprehensive listing of houses, apartments, condos and townhomes available in the market.

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Over the years, the West Grove has been a little bit slower than other parts of Coconut Grove to see an appreciation in home values. There is quite a bit of land here that was bought up by investors during the boom and is now being sold at heavily discounted prices.

It will be interesting to see how and when future development in the West Grove will impact prices there. The answer to that question will be determined in part by how quickly the changes occur and how successful they are in revitalizing the West Grove.

I think it is safe to say that many of the single family homes listed in the West Grove are priced at land value only. Therefore, it can get confusing when trying to calculate the value of these properties. If you go by their official status, there are 42 single family homes for sale, 56 townhomes/condos for sale, and 14 lots for sale. But like I said, many of those 42 single family homes are selling for the land only.

We see so many townhomes and condos in the West Grove because builders and developers were very optimistic about this market back in ’04-’05 when prices were skyrocketing. They were able to buy one piece of land and split it into two lots which was very profitable. When the market began to fall the developers were left with many unsold units.

There are some very good deals to be had in Coconut Grove’s townhouse market, but particularly in the West Grove. In some cases, the same townhouse will be priced $200,000 less in the West Grove than the Center Grove.

Single Family Homes in West Coconut Grove

Of the 42 single family homes that are for sale, the average listing price is $338,000. There were 19 closed sales in 2008 and the average selling price was $209,000.

Townhomes and Condos in West Coconut Grove

There are 56 townhomes and condos for sale, the average listing price is $480,000. There were 10 closed sales in 2008 and the average selling price was $399,000.

You will notice that the townhomes are priced higher than the single family homes. This is due to the fact that many of the townhouses in this area are new construction whereas the single family homes are all older resales.

Land in West Grove

There are 14 official lots for sale in the West Grove, the average listing price is $341,000. There were 3 closed sales in 2008 and the average selling price was $203,000.

When you consider that the West Grove was selling at a discount before the housing crisis and that prices have fallen since then, there are certainly some good deals to be had. As always, you should work with your Realtor to choose the best location that will earn the highest return on your money and offer the best quality of life. A Realtor who specializes in Coconut Grove will be able to direct you towards a property that best suits your needs.

To see this blog in its original form, and to see other posts written by Riley Smith, visit The Real Estate Coconut - Cracking Open The Coconut Grove Real Estate Market

EWM's President Ron Shuffield was featured on Nightline last night during a piece titled: "What Can You Get for $100,000". Coconut Grove was not one of the areas of Miami that they visited. Why? Probably because our market doesn't add to the hype of there being SO many heavily discounted homes for sale. It would have been nice if they showed other areas in Miami that aren't seeing such drastic drops in home prices.

Don't get me wrong there are some under-priced homes on the market here (like these foreclosures on Loquat), but nothing conmpared to what other areas of Miami are experiencing. Did you see that house in Homestead?

All I am saying is that they should have told the WHOLE story of the Miami real estate market.

The only single family home in Coconut Grove listed under $100,000 is in the West Grove, at 117 Florida Avenue. See the picture below.

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View this post in its original form here.