December 19th, 2012 | categories: Buying Real Estate in Coconut Grove, Coconut Grove Real Estate
When a buyer tells me that they are looking for a home on a large lot in Coconut Grove they are often surprised when I tell them that the price tag?starts at?a minimum of?$1,000,000 for?a?property with 20,000 square feet or more of land.? This is not the case in other areas of Miami.? If you go down to Pinecrest you will?easily find a home situated on a large piece of land for well under $1,000,000.? But due to Coconut Grove?s proximity to downtown Miami coupled with?our high demand and limited supply, homes on large lots in the Grove sell for a premium.
The average lot size of all single family homes?in North Coconut Grove is roughly 9,000 square feet while the average lot size in South Coconut Grove is roughly 11,000 square feet.
Of the 111 single family homes currently for sale in Coconut Grove there are only 17 homes?(15% of our active listings) with more than 20,000 square feet of land.? Compare that with Pinecrest which has 98 homes (80% of their active listings) with more than 20,000 square feet of land.
Click here to scroll through the homes for sale in Coconut Grove with over 20,000 square feet of land.
I am a Coconut Grove real estate specialist. Over the past 3 years, I have earned the distinction of selling the most number of homes in Coconut Grove. If you would like to schedule a buyer or seller meeting with me, please feel free to call me directly at 305-342-1623 or send me a note here.
The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips. Browse information regarding the upcoming Grove at Grand Bay new construction project, Coconut Grove?s gated communities, waterfront homes, villas, townhouses, foreclosures plus much more.
Don?t Miss Today?s News From Our Other Real Estate Blogs:
http://BrickellCondoBlog.com
http://CoralGablesRealEstateVault.com
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