Michael Light Shatters 2 Coconut Grove Real Estate Records With Sale of Famous ‘Hammock House’

May 24, 2017 by Michael Light

Categories: In The News, Just Sold, Luxury Homes, Luxury Listings

3503 Banyan Circle Shatters 2 Coconut Grove Real Estate Records

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

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.


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