Tuesday, June 11, 2013

Grove Isle Condominium -- Coconut Grove

Grove Isle is a tropical oasis situated just off the northern end of Coconut Grove on a 20-acre island that juts out into Biscayne Bay.  With 24-hour manned, gated security, this secluded piece of paradise is the epitome of Old Florida.  As a self-contained island, Grove Isle features a resort, restaurant and more in order to create quiet retreat from all of the activity in Miami.  This is definitely a very well sought after address in terms of Coconut Grove real estate.

Built between 1979 and 1981, Grove Isle Condominiums includes three 18-story buildings with a total of 510 residences in all three buildings.  The three buildings house residences of different sizes: Tower One features two, three, and four-bedroom units that range between 2,614 square feet and 5,012 square feet; Tower Two houses two and three-bedroom units that are 1,642 square feet to 2,424 square feet; and, Tower Three has the most variety with one to six-bedroom residences ranging from 1,404 square feet to 5,812 square feet.

Grove Isle Location
A short distance out into the Bay from Coconut Grove, Grove Isles Condominiums is perfectly situated to be the focal point on the man-made island.  This idyllic condominium is located just minutes from historic Coconut Grove and Dinner Key Marina as well as Cocowalk and the Magnificent Mile.  Brickell, the Design District and the beaches are only about 15 minutes away allowing residents to frequent these areas while still escaping to a tropical paradise.

Grove Isle Amenities
Grove Isles Condominiums offer the utmost in quality extras when it comes to amenities.  When it comes to community amenities, first and foremost, there is manned gated security at the entrance to each building.  From there, there is 24 Hour Valet Parking; a state of the art fitness center; Spa Terre; a heating outdoor pool overlooking the Bay; an 85-slip marina for boat and yacht owners; a tropically-landscaped jogging path; a US Open Hard Court tennis court and 11 Har-Tru clay courts; dry cleaning and baby service; and, more. 

Inside each residence, because the buildings are up to 15 years old, many have been updated and remodeled to give them a modern look.  It is not uncommon to see more individuality in the design, updated gourmet kitchens with high-end appliances, upscale fixtures and finishes including marble floors, sleek lighting fixtures, and so much more.  A common design element throughout every home is the floor to ceiling windows that showcase the amazing views of the Bay, city and even out into the Atlantic Ocean creating a huge “WOW” factor every time you enter each room.

Grove Isle Real Estate
Grove Isle real estate is always in demand.  Where most buildings have about 5-10 percent of the residences for sale, Grove Isle has only a mere one percent on the market.  List prices fall between about $600K and over $1.2 million. 

So far, this year, 11 properties have sold with an average sale price of about $650K.  Most of the properties were listed between the mid-$400s and mid-$700s with only two properties listed over $1 million. 

With Coconut Grove rentals, Grove Isle properties come on the market every so often and are available on an annual basis.  Currently there are two-bedroom properties available with rental rates falling between $3,400 and $3,800 per month. 

Old Florida Style with a Modern Twist
Grove Isle Condos offers old Florida style with a modern twist for Coconut Grove real estate.  Each residence has its own flair and character to appease the tastes and desires of Coconut Grove condominium buyers.  This is a wonderful place to call home and probably never leave.

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