Friday, August 17, 2012

Coconut Grove Luxury Real Estate: Grovenor House and Vizcaya Residences

Established in 1925, Coconut Grove is the oldest modern neighborhood of Miami, Florida in Miami-Dade County. The name dates back to 1873 when resident, Dr. Horace P. Porter, established a post office in the area, which he named Coconut Grove.

Renowned for its lush scenery, breathtaking views of Biscayne Bay and a relaxed atmosphere, Coconut Grove is located south of the Brickell neighborhood and east of Coral Gables. Referred to by locals as “The Grove”, it is an area populated by open-air cafes, alluring boutiques and a bustling nightlife.

Newer condos in the area have revitalized Coconut Grove real estate. Two such projects are the Grovenor House and the Residences at Vizcaya. Sales at The Grovenor House, the new 32-story luxury condominium with 166 residences, have been relentless and outstanding. They began in June and by mid-July three quarter of the building had sold at prices averaging $450 per square foot.
grovenor house coconut grove
In the words of property developer, Ugo Colombo: "I got taken by surprise by the sales. My plan was to sell the building as it was built, I think there is a demand for large units in the Coconut Grove and Coral Gables. There is no luxury building in that area.”

No one has been more surprised than he about how sales have skyrocketed. One Saturday morning last month, $5 million in condos was sold within a space of 45 minutes.

Built in 2006, two, three and four-bedroom condos in this waterfront high-rise range in price from $700,000 to $5 million. Amenities include: 24 hour concierge, contemporary spa and fitness center, lush tropical gardens, marble bathrooms, heated infinity edge pool, lighted tennis court, fenced dog park and a children’s recreation area, just to name a few.

Another significant and highly successful project for Coconut Grove real estate are the Residences at Vizcaya. These newly designed condos are set on two acres of lush land. The development includes 18 three, four and five bedroom units in total, but over the course of the past few months 13 have already been sold.

residences at vizcaya

All of the homes overlook Biscayne Bay and have square footage ranging from 3,000 square feet up to 10,000 square feet. Prices range between 1.3 million to $6 million. Designer kitchens are adorned with Miele appliances and granite or quartz countertops.

The sophisticated contemporary seven-story building cost approximately 450 million to build and was designed by architects, Behar, Font and CC Arquitectos. Building amenities include but are not limited to: a private seven-slip marina, lap pool with surrounding cabanas and sundeck, private club and meeting rooms, fitness center, and 24-hour concierge service and security.

Come and take a look at what is available in Coconut Grove real estate.

You will like what you see.

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