MLH Closes First Resale Condo at Newly Completed Brickell Heights Posted on December 12, 2017 by Michael Light Unit 1905 East at the brand-new Brickell Heights condo development was the very first resale to ever close in the 2-tower, 690-unit development, closing on November 30th at 98% of the list price. Buyers who purchased condos pre-construction through the developers of Brickell Heights began closings earlier this summer in mid-June, and like most of the new condo buildings during this cycle, resales came flooding back onto the market soon after. Nonetheless, the owner of Unit 1905 East contacted us to list his condo as soon as he closed on the unit in order to take advantage of the current currency exchange rate in his home country. This unit was a fully-upgraded 1-bedroom + den, 2-full-bathroom unit offering a large terrace and spectacular views of the Brickell skyline and Mary Brickell Village, and literally steps from Brickell City Centre. Michael Light, Senior Director of Luxury Sales at Douglas Elliman Real Estate acted as a Transaction Broker for both the seller and the buyer of Unit 1905. About Brickell Heights Brickell Heights Rooftop Pool Brickell Heights boasts exceptional resort-style amenities that are so impressive, they have already been featured in Curbed! The amenities include a rooftop pool deck on both east and west towers, a 9-th floor pool deck with swimming and lap pools, high-tech gym, urban garden, 2 entertainment rooms, kid’s room, state-of-the-art business center, theater and 24-hr concierge and valet services. Brickell Heights is also home to 2 of the most popular and exclusive fitness clubs in North America…a 35,000-square-foot Equinox Fitness Club & Spa and a 3,500-square-foot Soul Cycle. If you, or someone you know, are interested in selling or buying a luxury condo at Brickell Heights, please contact Michael Light, Senior Director of Luxury Sales at Douglas Elliman Real Estate. You may reach Michael on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
JUST SOLD | Side-By-Side Development Lots in Center Coconut Grove Posted on December 2, 2017March 21, 2019 by Michael Light The Miami Luxury Homes Group at Douglas Elliman just closed on two lots in the heart of Center Coconut Grove for our client who is a local developer who specializes in Coconut Grove. The 2 lots located at 3161 and 3165 Gifford Lane were purchased for land value so that the developer can build 4 brand-new townhomes nestled into the natural park-like landscaping that Coconut Grove is so celebrated for. Site Map of Coconut Grove Lots Sold Gifford Townhome Details: Approximate size for each townhome: 3,300 sq/ft under air 3 & 4 bedroom options Gated and walled Swimming pool 1-car garage Tesla Powerwall 2 Battery Backup Thermador or Gaggenau Appliances (gas or electric) Hansgrohe Plumbing fixtures Lutron LED lighting throughout Ecobee or Nest Thermostats Floating wood and glass staircases Book matched marble and veneers throughout Solid concrete flooring construction, not wood trusses Tankless water heaters Cat-7 wired Smart Home Automation These new townhomes are in Center Grove, just a 5-minute walk to Coconut Grove Elementary, Kirk Munroe Tennis Center and CocoWalk! As most of you know, Coconut Grove, which is commonly referred to as “The Grove,” as a whole, is currently within a vibrant cultural renaissance, which is really helping the real estate property values throughout The Grove and attracting even more people to call the bayfront, friendly neighborhood home. Although The Grove used to be a hidden gem, it is now one of the most sought-after neighborhoods in all of South Florida. Do you have land in Coconut Grove that you are looking to sell, OR are you interested in purchasing a brand-new, ultra-luxury townhome surrounded by lush landscaping in the heart of Coconut Grove? If so, please contact Michael Light, Senior Director of Luxury Sales at Douglas Elliman Real Estate in Coconut Grove. You may reach Michael on his cell phone at (786) 566-1700, directly at his office at (305) 350-9842 or via email at michael@miamiluxuryhomes.com.
Another Park Grove Luxury Residence Just Sold at One Park Grove Posted on June 19, 2017June 19, 2017 by Michael Light The Miami Luxury Homes Group at Douglas Elliman just sold another luxury residence at the highly-anticipated One Park Grove in Coconut Grove. Unit 9C at One Park Grove, the most exclusive of the three towers in the luxe development, was sold to an affluent buyer from New York City. Our client, which I will not name, originally looked at multiple developments throughout South Florida including Miami Beach and South Beach. But, as I got to know my client on a personal level and learned that she grew up in a family of art connoisseurs, I quickly understood that she has a true appreciation for art, culture, exclusivity, architecture and design. This helped me significantly narrow down the residential developments that would be most suitable, and of course One Park Grove was my first choice. Designed by world-renowned architectural firm Rem Koolhaus’ OMA, the entire concept of Park Grove is sculptural, organic, exclusive and perfectly fitting for Coconut Grove. The general idea behind OMA’s concept of Park Grove was the art installation by Christo when he wrapped the islands of Biscayne Bay, and this creative architectural design is reflective of the Bohemian, relaxed aquatic culture of The Grove. The natural feeling of the exteriors seamlessly flow through to the interiors which were ingeniously designed by Meyer Davis who carefully selected materials of wood, stones and metals that were compatible with the exterior but also exude sophistication and elegance. As some of you may already know, I personally sold the final 2 remaining units in the Club Residences at Park Grove which is now sold out. There are only several units remaining in Tower 2, and One Park Grove is close to 40% sold, making the entire project more than 85% sold. About One Park Grove Unit 9C Unit 9C in One Park Grove is an elegant 2-bedroom + Den, 2.5-bathroom residence offering 2,546 sq/ft of indoor and outdoor living space featuring 12-foot floor-to-ceiling glass throughout, a unique chef’s kitchen custom designed by famed William Sofield, a grand master suite, spa-inspired bathrooms meticulously designed by Sofield and a deep expansive terrace with stunning views of Biscayne Bay, the Atlantic Ocean and the Dinner Key Marina. Although I will not disclose the sales price of the residence or what was included in the sale, I will tell you that the unit was offered at $2.885 Million, which was $1,279 per square foot. One Park Grove Kitchen Exclusive Presentation of One Park Grove Situated along esteemed South Bayshore Drive in the heart of the bayfront community of Coconut Grove, Park Grove is the ideal place to call home. As I mentioned above, even though the project is more than 85% sold, there are residences available in One Park Grove, which is the most exclusive of the three towers and situated closest to Biscayne Bay. If you, or someone you know, are interested in purchasing a luxury residence at One Park Grove, please contact Michael Light, Director of Luxury Sales for Douglas Elliman Coconut Grove. You may reach Michael at (786) 566-1700 or michael@miamiluxuryhomes.com. Download One Park Grove Condos Key Plan and Floor Plans Download Park Grove Condos Brochure Park Grove Condo Sitemap
Michael Light Shatters 2 Coconut Grove Real Estate Records With Sale of Famous ‘Hammock House’ Posted on May 24, 2017January 28, 2018 by Michael Light Michael Light, Owner of the Miami Luxury Homes Group at Douglas Elliman Real Estate is proud to announce that he shattered 2 Coconut Grove Real Estate records with his closing of ‘Hammock House’ this week. Sold for $5,082,000 | $818 Per Square Foot First Non-Waterfront Home in the History of Coconut Grove to Sell Over $5 Million Highest-Price-Per-Square-Foot Non-Waterfront Home to Ever Sell in Coconut Grove Coconut Grove Historical Non-Waterfront Sales Over $700 Per Sq/Ft Setting two records, the seller of Hammock House, who wishes to remain anonymous, sold the 6,212-square-foot modern residence located at 3503 Banyan Circle for a whopping $818 per square foot. Hammock House is now the first non-waterfront home to ever sell over $5 Million in Coconut Grove and the highest-price-per-square-foot non-waterfront home to ever sell in The Grove. Broker Associate Michael Light represented the seller in this historic transaction, exceeding all expectations of the seller, by utilizing his unrivaled marketing skills and working tirelessly to find a buyer to pay the highest possible price for the home. Designed by award-winning architect Shulman+Associates, Hammock House is truly a one-of-a-kind residence situated within a lush tropical hammock on nearly 20,000 square feet of land that has wholly sustained its natural state, making it exclusive and almost impossible to replicate anywhere else in South Florida. Built in 2014, this residential work of art was designed specifically for a family who values privacy, but also desires a seamless, elegant indoor/outdoor living experience, and this precisely describes Hammock House. “Hammock House is an extraordinary residence,” says Light. “It is a stunning modern home in the center of Coconut Grove merely walking distance to an eclectic variety of shopping, dining and entertainment, but when you are at the residence, you feel as if you are relaxing in a 5-star private villa in Costa Rica.” Hammock House offers a luxurious living area of 6,212 square feet with a total of 6 bedrooms and 7.5 bathrooms with a state-of-the-art main house boasting the latest Control4 home automation system, Lutron lightning, video security, custom-designed Boffi kitchen, Boffi bathrooms, formal living room and staff quarters, along with a 538-square-foot, free-standing guest house. The gorgeous open living spaces of the main house naturally flow through the floor-to-ceiling glass walls to the outdoor entertainment area offering a heated salt-water pool, a Jacuzzi and a summer kitchen amid an abundance of organic foliage, offering a serene outdoor oasis in your own backyard with ultimate privacy. Added Light, “Coconut Grove’s real estate market has seen exponential growth over the last several years. In this supposed “down” market I keep hearing about in Miami, the Grove is setting records. It is as if people are just now finding out how special the Grove is and realizing South Florida is not all about South Beach anymore.” “The Buyer is a wealthy South American businessman who plans to make this home a primary residence for him and his family,” says Light. “The buyer’s wife was the catalyst for the sale as she truly appreciated the architectural design of the home, the sophisticated interior design and the overall uniqueness of the home.” About Camp Biscayne and Coconut Grove Nestled into the serene streets of Miami’s most sought-after neighborhood of Coconut Grove and immersed in history, Camp Biscayne is the former 1920’s winter getaway that catered to such noble visitors as the Rockefeller family and Alexander Graham Bell providing these visitors with a captivating and rustically-charming camp for water activities such as fishing and sailing. Now, Camp Biscayne is an esteemed, gated community and is one of Miami’s best-kept-secrets offering ultimate tropical serenity surrounded by giant oak trees, natural park-like landscaping and the sparkling waters of Biscayne Bay. Also in Camp Biscayne, Douglas Elliman has the $43 Million mega-waterfront mansion dubbed Casa Bahia exclusively listed for sale, a newly-completed 3-story estate perfectly situated on 518 linear feet of waterfront along Biscayne Bay. About Michael Light Michael Light is a top-producing Broker Associate in Miami-Dade County and the Founder/Owner of the Miami Luxury Homes Group at Douglas Elliman Real Estate. Michael’s unwavering work ethic, dedicated professionalism and unparalleled expertise in the Miami real estate market has positioned him as a real estate authority, sought-after by powerful professionals and influential individuals from all over the world. Moreover, Michael prides himself on his innovative and effective marketing skills that have proven to be successful. Michael owns and operates www.MiamiLuxuryHomes.com, one of the most trafficked luxury real estate websites in South Florida. Michael’s online marketing skills coupled with his global marketing reach to 520 offices in 59 countries on 6 continents through Douglas Elliman’s exclusive partnership with Knight Frank Residential of London, sets Michael Light apart from other real estate brokers in South Florida. If you, or someone you know, are interested in selling your home in South Florida, please contact Michael to discuss a custom marketing strategy for you home. You may reach Michael via email at michael@miamiluxuryhomes.com, on his cell phone at (786) 566-1700 or office phone at (305) 350-9842.
Coconut Grove Home in “The Moorings” Sets All-Time Record Posted on April 28, 2017 by Michael Light (Photo Source: Zillow.com) A luxury home in the exclusive, gated community of The Moorings just set an all-time non-waterfront Coconut Grove real estate record by closing at $800.00 per square foot. The 5,640-square-foot non-waterfront estate located at 3574 S. Moorings Way just closed (yesterday) for $4,512,000—$800 per square foot. Until this closing, there have only been 5 non-waterfront homes to ever sell over $700 per square foot in all of Coconut Grove. 3574 S. Moorings Way not only became the 6th to pass that mark, but it became the 1st ever to close at $800.00 per square foot, setting a new, all-time record! Coconut Grove Historical Non-Waterfront Sales Over $700 Per Square Foot* If you look at the table above, you will see that of the 6 properties to close north of $700, 2 of the 6 closed this year. Let me say it a different way…in the history of Coconut Grove, 33% of the highest-priced (per square foot) non-waterfront homes ever sold, closed in the past 90 days! A simple Google search will bring you to many, many stories regarding the South Florida real estate market “imploding” or “crashing,” or whatever other cataclysmic word(s) these wordsmiths can use to describe trouble. If things are so bad, and the market is “crashing,” why is Park Grove over 85% sold with prices as high as $1,800 per square foot and a non-waterfront home in The Moorings setting an all-time, price-per-square-foot record? The answer…Coconut Grove. It’s all about The Grove! Celebrities, athletes and even heads of state call Coconut Grove home for a reason. My wife and I moved here from Downtown Miami 5 years ago, and we will never leave. Spend 1 day in The Grove, and you will see why it is the best city in South Florida. Period. Read This: Coconut Grove Real Estate Statistics If you, or someone you know, are interested in learning more about the real estate market in Coconut Grove or you simply want more information about The Grove, please contact Michael Light, proud Coconut Grove resident and Founder/Owner of the Miami Luxury Homes Group at Douglas Elliman Real Estate. You may contact Michael at his office at 305-350-9842, on his cell at 786-566-1700 or by email at michael@miamiluxuryhomes.com. *Disclaimer: The statistics referenced herein were retrieved from the Multiple Listing Service (MLS) on April 28, 2017. Any closed sales not listed in the MLS are not included in the statistics referenced herein. The MLS search criteria used was 33133 zip code + waterfront equals “NO” + city not equal to “Coral Gables.” In addition, the information contained herein is for informative purposes only and should not be relied upon.
Miami Luxury Homes Sells Out Club Residence Tower at Park Grove Posted on March 5, 2017April 9, 2017 by Michael Light Michael Light, Director of Luxury Sales at Douglas Elliman, sold the final 2 remaining units in the Club Residence Tower (Tower 3) at Park Grove to two, separate Canadian buyers. Tower 3 at Park Grove is now SOLD OUT! Despite the strengthening of the U.S. Dollar, which has had a negative impact on Canadian buyers purchasing real estate in the U.S., two different clients of mine from Canada still decided to purchase a residence at Park Grove because they fell in love with the project. This just shows that if you have a quality product, it will sell…regardless of market circumstances. The Club Residence Tower was the first of the three towers at Park Grove in Coconut Grove to launch sales and to commence construction. Currently, the Club Residence Tower and Two Park Grove are both on the 21st floor of construction and are set for an official top-off ceremony next week on Wednesday, March 8th. If you are a buyer in Tower 3 at Park Grove, here is a photo of the stunning bay view from the 16th floor: View from Park Grove Club Residence Tower | 16th Floor Construction Tour On Thursday, my wife Jaimee and I were personally invited on an exclusive tour of the Park Grove construction site. During our tour with Project Manager Jason Gilg of Terra Group, we had the privilege of seeing the ground-level of the Club Residence Tower including the lobby, and then we explored the lobby in Two Park Grove (Tower 2). After a quick ride on the buck hoist (construction elevator), we stopped on the 19th floor to check out the incredible views from units at Two Park Grove. Here is the view from unit 19C in Tower 2 at Park Grove: View from Two Park Grove Residence 19C Because of my background in construction, I have been on many construction sites. It is difficult for most people to envision what the “finished product” will look like when touring a project under construction, but not for me. I can look at plans and renderings, then walk a building under construction and see exactly how everything will come together. Let me tell you, Park Grove is exactly what David Martin, President of Terra Group, envisioned when Douglas Elliman launched sales for the project over 2 years ago. Outside: Instead of feeling like there are 3 different buildings with different lobbies, the project offers an overall sense of unity. Each tower seamlessly flows from one to the next through its private gardens and tropical outdoor spaces. Inside: Once I stepped into unit 19C in Tower 2, I immediately noticed the uncommonly-high 12′ ceilings, which most developers do not offer. Also, I noticed there were no interior columns. Most condos in South Florida, unlike Park Grove, have interior columns in the corners of living rooms or bedrooms that obstruct views and kill room flow. All columns in Park Grove are on the OUTSIDE of the building and hidden as to not obstruct one ounce of the water views & Grove skyline. Here, you can see the columns on the outside of the building: Park Grove Towers 2 (Left) and 3 (Right) | During Construction One Park Grove Redesign The plans for One Park Grove (Tower 1) originally included only 54 residences ranging in size from 3,154 to 6,504 square feet. But, because of the overwhelming demand for units in Tower 2, the developer has decided to change Tower 1 units to mirror those in Tower 2. Though One Park Grove’s original design for very large units was amazing, many local residents looking to downsize from 8,000+ square-foot homes wanted more of a modest-sized condo residence. As a result, One Park Grove will now have 72 residences ranging in size from 2,232 to 3,592 square feet. As of today, One Park Grove is already 40% sold, with pricing starting at $2.4M. Park Grove Key Plan for Tower 1 and Tower 2 As David Martin often says “people do not want more, they want to be more.” This is true and relevant to One Park Grove. As I mentioned previously, local residents are looking to downsize for good reason. Instead of “wanting more” living space, they want to “be more” by traveling more with their families, spending more time on their boats and exploring life outside of their homes. Remaining Inventory at Park Grove Now that the Club Residence Tower is sold out, Park Grove as a whole is 83% sold. There are only 6 units remaining for sale in Two Park Grove with the remaining inventory coming from One Park Grove. For example, units 19C & 20C in Tower 2 are both available at $3,606,000 & $3,673,000 respectively, and both have amazing views…just look at the picture above from unit 19C. Status of Construction and Estimated Completion Currently, the Club Residence Tower and Two Park Grove are on floors 21 of construction, with both towers having an estimated completion date between Q4 2017 – Q1 2018. Construction has not yet begun on One Park Grove, but the estimated completion date is on schedule for Q2 2019. About Park Grove Located at 2701 South Bayshore Drive in the highly-sought-after bayfront neighborhood of Coconut Grove, Florida, Park Grove is an ultra-luxury, pre-construction condo development that provides an intimate, luxurious living experience in the truest sense. Situated on the serene, community-valued, bayfront streets of Coconut Grove, but only minutes away from the chic, metropolitan streets of Brickell and the vibrant streets of South Beach, Park Grove offers an ideal place to reside. Designed by a team of world-renowned architects, designers and developers, Park Grove has unprecedented beauty. Park Grove condo residents will enjoy high-class architecture by OMA’s famous Rem Koolhaas, interiors custom designed by the famous William Sofield, known for his historical yet modernist principles and creations of harmony between the aesthetically pleasing and everyday comfort, and the lushly landscaped gardens by Enzo Enea. Park Grove offers all residents unparalleled amenities including luxurious swimming pools spanning 500 feet with private cabanas, state-of-the-art fitness center, private training rooms, indoor/outdoor yoga spaces, bayview dining room for private events, wine cellar, library, curated art gallery, business center, children’s indoor/outdoor play areas, adult gaming room, outdoor amphitheater event space and 5 acres of private parks. Douglas Elliman is the exclusive broker for Park Grove in Coconut Grove. If you, or someone you know, would like more information about purchasing a residence at Park Grove, please contact Michael Light, Broker Associate and Director of Luxury Sales at Douglas Elliman and a proud resident of Coconut Grove. You may reach Michael directly at his office at 305-350-9842, on his cell phone at 786-566-1700 or via email at michael@miamiluxuryhomes.com.
Douglas Elliman Breaks Yet Another Miami Beach Record Posted on February 25, 2017 by Michael Light After recently setting a new Venetian Islands record by selling 212 West Dilido Drive for a whopping $22 Million, Douglas Elliman just broke yet another Miami Beach record with the listing and sale of a spectacular waterfront spec home located at 4555 Pine Tree Drive. The chic, sophisticated waterfront home sold to a wealthy family from Ohio for $22.575 Million, but the family also purchased all of the designer furniture and furnishing by Artefacto driving the price up to $24 Million. Designed by a team of world-renowned architects, designers and developers, this architecturally-distinct, Miami Beach luxury home displays a combination of distinguished designs, luscious tropical gardens that flow seamlessly throughout its interior and exterior and unrivaled amenities including a waterfront swimming pool, a park-like waterslide accessed by a stunning glass staircase, Jacuzzi, poolside bar, private boat dock and an indoor, 10,000 square foot, half-court basketball court. 4555 Pine Tree Drive Living Room Flow Through 4555 Pine Tree Drive Pool Douglas Elliman is the leading luxury real estate firm in the country. Our exclusive partnership with Knight Frank Residential of London gives us a global reach to 488 offices in 59 countries across 6 continents. Put the Power of Elliman to work for you! If you, or someone you know, are interested in marketing a home for sale, please contact Michael Light, Director of Luxury Sales at Douglas Elliman for a complimentary valuation and customized marketing plan specifically tailored for your home. You may reach Michael at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
LISTED & SOLD IN 6 DAYS | Bay House Unit 2303 is Under Contract! Posted on February 15, 2017February 15, 2017 by Michael Light Yes, we listed and sold Bay House unit 2303 in only 6 days directly to a local buyer! A lesson to sellers: When a property is priced correctly and, most importantly, has a great marketing plan including hi-res, professionally shot photography, it will sell near the asking price in a short period of time! As Howard Lorber always says, “100% of overpriced listings will not sell.” The stunning 3-bedroom, 3-bathroom unit overlooking Biscayne Bay and the Atlantic Ocean in the newly-built Bay House condo tower features an expansive layout with floor-to-ceiling windows and glass doors throughout to allow an abundance of natural light and capture the incredible picturesque views from each room. Bay House Unit 2303 Terrace If you, or someone you know, are interested in effectively marketing and selling your home in South Florida, please contact broker Michael Light of Douglas Elliman. You may reach Michael on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. About Bay House Completed in 2015, Bay House is a modern, 38-story condo tower, situated in the bayfront neighborhood of Edgewater in Miami’s famed Arts District, just minutes from an eclectic variety of shopping, dining and entertainment. Bay House offers 165 luxury residences with open-concept floor plans boasting floor-to-ceiling, impact-resistant windows and glass doors, modern kitchens with Italian cabinetry and premium appliances, spa-inspired bathrooms and spacious terraces with sweeping views of Biscayne Bay, the Atlantic Ocean and the Miami Beach skyline. Bay House features resort-style amenities including an expansive pool deck with an infinity-edge swimming pool, private cabanas, BBQ area and seating, club room, high-tech fitness center, separate yoga studio, media room, business center, children’s play room, 24-hour security and valet parking.