Since its earliest days, the artistic community of Coconut Grove has attracted an eclectic crowd. Its first hotel, the Peacock Inn, offered scientists, writers, intellectuals and nobility a place to enjoy a moderate climate with beautiful greenery and breathtaking ocean views. While Coconut Grove still serves to inspire artists, it also inspires residents to settle in a city that seems too good to be true.
Coconut Grove is situated in the state's southern region just south of downtown Miami, by the banks of Biscayne Bay. Coconut Grove also lends easy access to other major points in South Florida via Interstate 95, and conveniently connects to the Brickell Avenue business and financial districts, the Port of Miami, Miami International Airport and Miami Beach. Residents of Coconut Grove are afforded the opportunity to partake in a multitude of recreational activities thanks to the city's ideal location. Water sports, such as sailing, kayaking, fishing and windsurfing, are among the most popular ways for residents to have fun.
Coconut Grove also offers great shopping and dining, a multitude of special events, a wide range of art venues and numerous public parks. Coconut Grove has several marinas, sailing clubs and two yacht clubs which host yearly races and international regattas. The Streets of Mayfair, CocoWalk and Commodore Plaza Street offer exquisite shopping and dining options, and CocoWalk also has a 16-screen movie theatre.
Coconut Grove real estate offerings are varied. A variety of property styles are available, including single-family homes, townhouses and condominiums, many offering stunning bay or water views.
Coconut Grove Real Estate Market: Price Range of Coconut Grove Real Estate
The real estate market in Coconut Grove is diverse and offers single-family detached homes as well as townhouses and condominiums. Three- or four-bedroom single-family homes range from the $350,000s to the $800,000s and more. Prices range well into the millions for luxurious estate properties that offer special amenities such as guest homes, bay frontage, swimming pools and golf course frontage. Condominiums and townhouses in Coconut Grove average at about $375,000 for two-bedroom units, which tend to be in the high-rise style. Prices for newly-remodeled condos and townhouses with waterfront views can range into the millions. Land and lots available in Coconut Grove for custom construction are strictly limited.
"Marilda Fernandes : Real Estate Experts in Coconut Grove"
Coconut Grove Real Estate Stats and Trends for the week of April 21st, 2014: homes priced around $488,200 compared to $767,432 the previous week, showing a decrease of less than -57%. For Wednesday, April 23rd, the current national mortgage rate for a 30 year fixed mortgage is 4.27%; the 15 year fixed rate is at 3.29%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.66%, while the 15 year jumbo rate currently is at 4.11%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Coconut Grove FL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Coconut Grove to help you find the best home!