JUST CLOSED | 4131 Woodridge Road Sets 2018 YTD Record in Coconut Grove Posted on March 13, 2018 by Michael Light Michael Light and Andrew K. Becerra, Jr., of the Miami Luxury Homes Group at Douglas Elliman Real Estate, have just sold 4131 Woodridge Road, setting the 2018 YTD non-waterfront record in South Coconut Grove. The Miami Luxury Homes Group represented both the seller and the buyer in the sale of 4131 Woodridge Road, putting the home under contract after only 48 days on the market. The property just closed for $2.35 Million ($565 per square foot) marking the highest sales price and price-per-square-foot non-waterfront home to sell in South Coconut Grove, so far in 2018. The average closed price-per-square-foot in South Grove in 2017 was $492.21…and we sold for 14.8% above 2017 pricing! The average days on market for homes in South Grove in 2017 was 170…and we sold in 48 days! Read the full market statistics that I publish each year for Coconut Grove here: 2017 Coconut Grove Real Estate Statistics: A Look Back The property located at 4131 Woodridge Road in the prestigious, highly-sought-after South Coconut Grove neighborhood of Miami consists of a chic, 2-story ‘smart home’ featuring 4 bedrooms, a bonus room, 4.5 bathrooms and an expansive lusciously-landscaped pool deck and covered patio that overlooks Merrie Christmas Park. Check out the video of the custom-designed luxury home below. Michael Light, owner of the Miami Luxury Homes Group at Douglas Elliman, set a historic record in Coconut Grove in 2017 with the sale of “Hammock House” located at 3503 Banyan Circle in Camp Biscayne, setting the all-time highest-price-per-square-foot record for a non-waterfront home in the history of Coconut Grove. You may read more about this sale here: ‘Hammock House Shatters Coconut Grove Real Estate Record.’ If you, or someone you know, are interested in selling your home in Coconut Grove, please contact Michael Light, Broker Associate and Senior Director of Luxury Sales at Douglas Elliman Coconut Grove at 786-566-1700 or by email at michael@miamiluxuryhomes.com.
MLH Picks | Top 8 Miami Real Estate News Stories of 2017 Posted on January 4, 2018 by Michael Light 2017 was an eventful year for the Miami and Miami Beach real estate markets, so the Miami Luxury Homes Group at Douglas Elliman Real Estate has rated its Top 8 Real Estate News Stories of 2017…in no particular order. Michael Light Shatters 2 Coconut Grove Real Estate Records With Sale of Famous ‘Hammock House’ Buyers…Don’t Be Deceived By MLS Square Footage Data 300 Biscayne | Miami’s Tallest Tower is on the Horizon New Renderings | Coconut Grove’s Iconic CocoWalk to Get a Much Needed Facelift Douglas Elliman Breaks Yet Another Miami Beach Record MLH Picks: Today’s Top 5 Miami Pre-Construction Condo Developments JUST LISTED & BITCOIN ACCEPTED | 4 Bed/5.5 Bath Oceanfront Oceana Key Biscayne Offered at $5.95M Construction Update | Icon Brickell’s Famous Pool Deck Miami remains one of the most sought-after places to live in the United States and around the globe, and it shows when records after records keep getting broken throughout Miami and Miami Beach. If you are interested in learning more about the Miami and Miami Beach real estate markets, please contact broker associate 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.
Coconut Grove – December, 2017 Market Snapshot Posted on December 20, 2017 by Michael Light The Coconut Grove December, 2017 Market Snapshot gives you up-to-date market statistics for real estate in Coconut Grove including current properties listed for sale and closed sales in the last six (6) months. If you are considering selling your home or purchasing real estate in Coconut Grove, it is important for you to be informed on the current state of the market with regards to price. So, I have compiled statistics from the MLS regarding the inventory of single-family homes that are currently listed for sale in Coconut Grove. Below, you will find charts highlighting the percentage of homes that are currently on the market in certain price points and the average price per square foot of these homes currently listed for sale. After looking at what is currently on the market, most people ask “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Coconut Grove over the past 6 months, broken down by price per square foot. Coconut Grove Single-Family Homes Currently For Sale as of 12/18/2017 Coconut Grove Single-Family Homes Currently For Sale – Average Price Per Square Foot as of 12/18/2017 Coconut Grove Single-Family Homes Closed Sales – Last 6 Months – Average Price Per Square Foot as of 12/18/2017 If you are interested in purchasing a home in Coconut Grove, or simply would like more information about the Coconut Grove real estate market, please contact Michael Light, Senior Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Note: The MLS data for the information contained herein was retrieved from the MLS on December 18, 2017
JUST LISTED | Chic 4 Bed/4.5 Bath Smart Home in Prestigious South Coconut Grove Offered at $2.495M (VIDEO) Posted on December 14, 2017December 20, 2017 by Michael Light Michael Light and Andrew K. Becerra Jr. of the Miami Luxury Homes Group at Douglas Elliman Real Estate have just listed 4131 Woodridge Road, a drop-dead gorgeous, 4-bedroom + bonus room, 4.5-Bathroom Smart Home with an expansive lusciously-landscaped pool deck and covered patio that overlooks Merrie Christmas Park in the prestigious, highly-sought-after South Coconut Grove neighborhood in Miami. Watch the property video: This gated 2-story home was custom designed with chic interiors boasting fine fixtures and natural elements throughout with each room meticulously designed…no detail spared. The main level boasts French Limestone flooring throughout, a formal living room with a dramatic feature wall and a grand family room with a coffered hand-painted ceiling and a reading area overlooking the lush pool deck. A gourmet kitchen is ideally connected to the family room offering a chef’s island with Corian countertops, top-of-the-line Miele, Viking and Subzero appliances, gas 6-burner cooktop, built-in wine refrigerator, eat-in breakfast bar and a separate breakfast room. A well-appointed dining room with hand-painted linen wallpaper, lavish powder room boasting metallic Ann Sacks tile walls and custom bronze mirrors, 1 bedroom with ensuite bathroom and walk-in closet and a spacious laundry room complete the main level of the home. 4131 Woodridge Road Formal Living Room 4131 Woodridge Road Family Room 4131 Woodridge Road Gourmet Kitchen 4131 Woodridge Road Gourmet Kitchen 4131 Woodridge Road Dining Room An elegant glass-enclosed staircase with real dark hardwood flooring leads to the second level of the home offering 2 large bedrooms with ensuite bathrooms, a bonus room, which is currently utilized as a home gym and a spectacular Master Suite featuring an oversized walk-in closet with 3 built-in safes, a private office and a spa-like bathroom with a huge shower boasting multiple rain showers, oversized jacuzzi soaking tub, dual vanity with Corian countertops and a seating area, all with direct access to a massive private terrace overlooking the pool and park. 4131 Woodridge Road Glass-Enclosed Staircase 4131 Woodridge Road Master Bedroom 4131 Woodridge Road Master Bathroom 4131 Woodridge Road Master Terrace This home offers state-of-the-art Smart Home technology and security including an Elan home system, which is fully wired throughout and may be controlled at home or away using a smart device, Lutron LED dimmers throughout, custom lighting, 7 security cameras with 5 monitors, alarm system and speakers installed indoors in every room and outdoors, which may be controlled via the Sonos or Elan app from anywhere using a smart device. 4131 Woodridge Road Outdoor Living Room 4131 Woodridge Road Pool, Spa and Water Fountains Overview of 4131 Woodridge Road Residence Features Completed in 2008 | Redesigned and Remodeled in 2015 Gated Home in Prestigious South Coconut Grove with Direct Access to and Tranquil Views of Merrie Christmas Park Lot Size: 9,100 Square Feet / 846 Square Meters Living Area: 4,160 Square Feet / 387 Square Meters Terraces: 1,024 Square Feet / 95 Square Meters Bedrooms / Bathrooms: 4 Bedrooms with Ensuite Bathrooms Bonus Room/Home Gym Powder Rooms: 1 Garage: 2-Car Attached with additional parking spaces Elan, Lutron and Sonos Smart Home Entertainment Systems Gourmet Kitchen with Chef’s Island and Breakfast Room Spectacular Master Suite with Truly Resort-Style Spa Bathroom & Large Terrace Heated Salt-Water Pool, Sauna and Beautiful Water Features Covered Outdoor Living Room Overlooking Pool and Park Lush Landscaping and Manicured Grounds with Automatic Irrigation Systems Home Situated 25.73 Feet Above Sea Level Security System with 7 Cameras Generator Offered at $2,495,000 DOWNLOAD 4131 WOODRIDGE ROAD BROCHURE DOWNLOAD 4131 WOODRIDGE ROAD FEATURES 4131 Woodridge Road Aerial View of Front Exterior 4131 Woodridge Road Exterior Front Aerial View of 4131 Woodridge Road and Merrie Christmas Park For more information, please visit 4131Woodridge.com or contact listing agents Michael Light or Andrew K. Becerra, Jr. for a private viewing of this exquisite home located at 4131 Woodridge Road in South Coconut Grove. You may reach Michael at (786) 566-1700 or via email at michael@miamiluxuryhomes.com or Andrew at (917) 838-3131 or via email at ab@miamiluxuryhomes.com.
Park Grove Developers Host ‘Evolution of Coconut Grove’ Lunch & Learn Panel Posted on October 20, 2017 by Michael Light Terra Group and Related Group, the co-developers of Coconut Grove’s newest ultra-luxury bayfront condo project along South Bayshore Drive, Park Grove, hosted an informative lunch and learn panel on Wednesday afternoon at the Park Grove sales center regarding the evolution of Coconut Grove. This event focused on the renaissance of Coconut Grove which is Miami’s oldest neighborhood, and showcased new happenings in the culinary, retail, residential, design and architectural worlds – in the Grove. The panel included an “A-List” of major players in the community who are responsible for and/or affiliated with new exciting projects that will thrust Coconut Grove back into the ultimate South Florida hot spot that it once was…but it will be even better! One Park Grove Sales Gallery | Photo Source: World Redeye Park Grove Lunch and Learn Panel in Coconut Grove, Florida | Photo Source: World Redeye The panel was moderated by The Real Deal’s Ina Cordle, and the panelists included Terra Group’s, David Martin; The Related Group’s Carlos Rosso; CEO of Comras Company, Michael Comras; Award-Winning Chef Michael Schwartz; Architect Carlos Prio-Touzet; Commercial Broker Chris Dekker; Restaurateur Maurizio Farinelli; Owner of H&H Jewels, H. Bredemeier; and Architect Robert Lloyd. “Coconut Grove was the original sexy in South Florida,” said Bredemeir, who also explained how Coconut Grove is not just a place, “it is a lifestyle.” Coconut Grove offers everything that you could possibly want…a family-oriented friendly environment, marina/boat life, delicious restaurants, eclectic shopping, the best schools, lush parks, museums and tons of history. Unfortunately, as the panelists explained, Coconut Grove for the past 20 or so years lost its spark to the glitz and glam of Miami Beach, but with the major resurgence that is underway in the Grove, Coconut Grove will definitely get its groove back and will soon become the sexy place that it once was! If you have any questions about Coconut Grove, or simply would like to learn more about the resurgence that is underway in Coconut Grove, please feel free to contact me. You may reach me via email at michael@miamiluxuryhomes.com or on my cell at (786) 566-1700.
Coconut Grove – October, 2017 Market Snapshot Posted on October 7, 2017 by Michael Light The Coconut Grove October, 2017 Market Snapshot gives you up-to-date market statistics for real estate in Coconut Grove including current properties listed for sale and closed sales in the last six (6) months. If you are considering selling your home or purchasing real estate in Coconut Grove, it is important for you to be informed on the current state of the market with regards to price. So, I have compiled statistics from the MLS regarding the inventory of single-family homes that are currently listed for sale in Coconut Grove. Below, you will find charts highlighting the percentage of homes that are currently on the market in certain price points and the average price per square foot of these homes currently listed for sale. After looking at what is currently on the market, most people ask “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Coconut Grove over the past 6 months, broken down by price per square foot. Coconut Grove Single-Family Homes Currently For Sale as of 10/6/2017 Coconut Grove Single-Family Homes Currently For Sale – Average Price Per Square Foot as of 10/6/2017 Coconut Grove Single-Family Homes Closed Sales – Last 6 Months – Average Price Per Square Foot as of 10/6/2017 If you are interested in purchasing a home in Coconut Grove, or simply would like more information about the Coconut Grove real estate market, please contact Michael Light, Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at his office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Note: The MLS data for the information contained herein was retrieved from the MLS on October 6, 2017
Thursday Throwdown: Miami Beach vs. Coconut Grove Single-Family Homes Posted on August 3, 2017August 17, 2017 by Michael Light Miami Beach and Coconut Grove are 2 of the most sought-after communities in South Florida, so how do they stack up against each other in today’s single-family home real estate market? Only a few miles apart and both offering breathtaking water views, these 2 neighborhoods are like night and day, but they both seem to be the place everyone wants to call home. And now, because of a long list of reasons, everyone is flocking from Miami Beach to Coconut Grove. And, why not…The Grove is approximately 13 feet above sea level, offers a fun laid-back friendly waterfront environment and offers lots of great restaurants, shopping, parks, marinas, entertainment and a lot of history! So where do you get more of a bang for your buck…let’s look at the numbers. Available Waterfront Single-Family Home Inventory Currently, Miami Beach has 187 waterfront single-family homes listed for sale with an average list price of $9,825,298 and an average list price per square foot of $1,490.04. In Coconut Grove, there are currently only 8 waterfront single-family homes for sale with an average list price of $13,291,125 and an average price per square foot of $1,557.72. Miami Beach Waterfront Single-Family Home Inventory Total Waterfront Homes Available: 187 Average List Price: $9,825,298 Average List Price Per Square Foot: $1,490.04 Coconut Grove Waterfront Single-Family Home Inventory Total Waterfront Homes Available: 8 Average List Price: $13,291,125 Average List Price Per Square Foot: $1,557.72 Available Non-Waterfront Single-Family Home Inventory Currently, Miami Beach has 225 non-waterfront single-family homes listed for sale with an average list price of $2,047,639 and an average list price per square foot of $654.70. In Coconut Grove, there are currently 103 non-waterfront single-family homes for sale with an average list price of $1,912,476 and an average price per square foot of $547.97. Miami Beach Non-Waterfront Single-Family Home Inventory Total Non-Waterfront Homes Available: 225 Average List Price: $2,047,639 Average List Price Per Square Foot: $654.70 Coconut Grove Non-Waterfront Single-Family Home Inventory Total Non-Waterfront Homes Available: 103 Average List Price: $1,912,476 Average List Price Per Square Foot: $547.97 Single-Family Waterfront Homes Closed in the Last 6 Months In the last 6 months, 45 waterfront single-family homes have sold in Miami Beach with an average sales price of $5,353,133 and an average price per square foot of $989.25. Coconut Grove has seen 3 sales of waterfront single-family homes in the last 6 months with an average sales price of $8,016,667 and an average price per square foot of $919.55. Miami Beach Waterfront Single-Family Homes Closed in Last 6 Months Total Waterfront Homes Closed in Last 6 Months: 45 Average Sales Price: $5,353,133 Average Sales Price Per Square Foot: $989.25 Coconut Grove Waterfront Single-Family Homes Closed in Last 6 Months Total Waterfront Homes Closed in Last 6 Months: 3 Average Sales Price: $8,016,667 Average Sales Price Per Square Foot: $919.55 Single-Family Non-Waterfront Homes Closed in the Last 6 Months In the last 6 months, 82 non-waterfront single-family homes have sold in Miami Beach with an average sales price of $1,416,142 and an average price per square foot of $502.94. Coconut Grove has seen 79 sales of non-waterfront single-family homes in the last 6 months with an average sales price of $1,312,553 and an average price per square foot of $438.88. Please note that I just recently set 2 records for the Coconut Grove real estate market…the first non-waterfront home to ever sell in the history of the Grove over $5M and the highest-priced-per-square-foot non-waterfront home to ever sell in Coconut Grove, at $818 per sq/ft. Miami Beach Non-Waterfront Single-Family Homes Closed in Last 6 Months Total Non-Waterfront Homes Closed in Last 6 Months: 82 Average Sales Price: $1,416,142 Average Sales Price Per Square Foot: $502.94 Coconut Grove Non-Waterfront Single-Family Homes Closed in Last 6 Months Total Non-Waterfront Homes Closed in Last 6 Months: 79 Average Sales Price: $1,312,553 Average Sales Price Per Square Foot: $438.88 Miami Beach & Coconut Grove Single-Family Home Months of Inventory Miami Beach & Coconut Grove Waterfront Single-Family Homes Miami Beach: 25 Months of available inventory Coconut Grove: 16 Months of available inventory Miami Beach & Coconut Grove Non-Waterfront Single-Family Homes Miami Beach: 17 Months of available inventory Coconut Grove: 8 Months of available inventory Interested in the South Florida Real Estate Market??? If you, or someone you know, would like more information about the real estate markets in Miami Beach and/or Coconut Grove, please contact Michael Light, Director of Luxury Sales at Douglas Elliman Real Estate. 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. Note: The information contained herein was retrieved from the Multiple Listing Service (MLS) on August 3, 2017, and is intended for informative purposes only and, thus, should not be relied upon.
Coconut Grove – August, 2017 Market Snapshot Posted on August 1, 2017August 4, 2017 by Michael Light The Coconut Grove August, 2017 Market Snapshot gives you up-to-date market statistics for real estate in Coconut Grove including current properties listed for sale and closed sales in the last six (6) months. If you are considering selling your home or purchasing real estate in Coconut Grove, it is important for you to be informed on the current state of the market with regards to price. So, I have compiled statistics from the MLS regarding the inventory of single-family homes that are currently listed for sale in Coconut Grove. Below, you will find charts highlighting the percentage of homes that are currently on the market in certain price points and the average price per square foot of these homes currently listed for sale. After looking at what is currently on the market, most people ask “what will these homes actually sell for?!” The best indicator of what a home may sell for in the current market is to look at the closed sales in the area over the last 6 months. This will give you a good indication of the “discount” that you may be able to expect if you plan to buy a home today. So, I have also included a graph showing all closed sales in Coconut Grove over the past 6 months, broken down by price per square foot. Please note that I just recently set 2 records for the Coconut Grove real estate market…the first non-waterfront home to ever sell in the history of the Grove over $5M and the highest-priced-per-square-foot non-waterfront home to ever sell in Coconut Grove, at $818 per sq/ft. Coconut Grove Single-Family Homes Currently For Sale (as of 8/1/17) Coconut Grove Single-Family Homes Currently For Sale – Average Price Per Square Foot (as of 8/1/17) Coconut Grove Single-Family Homes Closed Sales – Last 6 Months – Average Price Per Square Foot (as of 8/1/17) If you are interested in purchasing a home in Coconut Grove, or simply would like more information about the Coconut Grove real estate market, please contact Michael Light, Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at his Coconut Grove office at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Note: The MLS data for the information contained herein was retrieved from the MLS on August 1, 2017