Fire Sale in Coconut Grove’s Prestigious Cloisters on the Bay

 
In the prestigious gated community of Cloisters on the Bay, located in the heart of Coconut Grove, there is currently a tri-level Mediterranean-style luxury townhome that is an approved short sale listed at a fire sale price!

This luxury 3-level Mediterranean-style villa offers 5,860 square feet of interior living space featuring marble flooring and Venetian plaster throughout, a private elevator, 4 bedrooms, 4.5 bathrooms, executive office, media room, formal living room and a spacious eat-in kitchen with breakfast room. This home also features incredible outdoor living areas surrounded by tropical lush landscaping that includes a ground floor lanai and an immense rooftop entertainment deck with a built-in Jacuzzi tub, summer kitchen area and beautiful views of Biscayne Bay and Peacock Park. This home also offers an attached 2-car garage in addition to an attached/covered 2-car carport.

Cloisters on the Bay 928 Bay View

Cloisters on the Bay 928 Park View

This home is listed at $2,200,000, which is $375.43 per square foot and 14% below market value when you look at the most recent sale in Cloisters which was unit 1201 that sold to the University of Miami football coach Mark Richt for $435.67 per square foot earlier this year. ***1201 does not have a water view and this short sale does have a water view***

To further help you understand this homes value, the home directly across the street, with the same exact floorplan, is coming to market within the next month at a price just under $2,700,000! 

As stated above, this townhome is an approved short sale, and although I cannot guarantee anything, I am confident that I can secure this home for a client for less than asking. So, if you, or someone you know, are interested in purchasing unit 928 at Cloisters on the Bay, please contact Michael Light for a private viewing. You may contact me via email at michael@miamiluxuryhomes.com, on my cell at (786) 566-1700 or directly at my office at (305) 350-9842.

About Cloisters on the Bay

Built between 2003-2008 in center Coconut Grove, Cloisters on the Bay is a gated bayfront enclave of 40 luxury tri-level villas located in one of the most-sought-after neighborhoods in South Florida. Nestled in between Peacock Park, the historic Barnacle and the calming waters of Biscayne Bay, Cloisters on the Bay offers luxurious, but comfortable living in a serene park-like setting with tranquil bay breezes and friendly neighbors, but only steps from all of the boutique shops, eclectic variety of fine-dining and casual restaurants and historical landmarks that Coconut Grove has to offer.

Cloisters on the Bay also features a private pathway to the bay, tennis court, a community club house and a swimming pool with lounge chairs.

Cloisters on the Bay Swimming Pool

About Coconut Grove

Founded in 1873, Coconut Grove is one of Miami’s original neighborhoods situated along Biscayne Bay just a few miles south of Downtown Miami and Brickell. Although Coconut Grove is located in Miami, Coconut Grove, known to the locals as “the Grove,” is completely different than any other neighborhood in Miami. Coconut Grove sets itself apart with its laid-back, friendly environment, lusciously-landscaped cozy streets, boutique shops, delicious restaurants, unique, artistic expression and Bohemian style. Coconut Grove is truly a sparkling gem in South Florida.