I recently had the pleasure of selling a condo in Coconut Grove’s Beacon Harbour Condo. It closed one month ago for $2.2 million.
My friend and colleague at EWM Realty, Claudia Bacelar, also has a listing in Beacon Harbour condo. It is unit #302. Claudia’s listing has a magnificent open water view of Biscayne Bay. In addition, the updates are stunning!
What makes Beacon Harbour in Coconut Grove such a good value?
1) It comes with an assigned 46 foot boat slip (the value of a slip is $9,000/foot). Therefore, the value of the slip alone is $414,000. If one subtracts the $414,000 boat slip from the list price of $2.295 million, the asking price of the condo unit alone is only $1.881 million. This is $546/sq foot. $546/ sq foot compares very favorably to Beacon Harbour’s main competitors (Residences at Ritz Carlton, Grovenor House, Grove at Grand Bay, Residences at Vizcaya). These buildings range from $600/sq foot at the Ritz to over $1,000/sq foot.
2) There are only 10 units in this high-end boutique building with professional security. This provides a peaceful lifestyle which differentiates it dramatically from the other high end luxury condos in Coconut Grove.
3) Beacon Harbour Condominium feels like your private single family home on the water. The reasons for this are: A) It is closer to the water than any of the luxury Grove condos that it competes with. B) The unit is on the 3rd floor which offers magnificent water views of the horizon from within the unit.
4) The location is perfect. It is ideally situated close in Coconut Grove. It is a 5-10 minute commute to Downtown Miami, Miami Beach, Mercy Hospital, Coconut Grove, Coral Gables, Key Biscayne or Miami International Airport.
I would be happy to show you this Coconut Grove real estate opportunity at your convenience.
1660 S Bayshore Ct #302
Coconut Grove, FL 33133
3 Bedrooms/ 3.5 Bathrooms
Living Area…3,444 square feet
Built in 2005
Private luxury residence with only 10 units in the heart of Coconut Grove right
on Biscayne Bay with expansive waterfront and direct ocean access from your
private marina. This exclusive residence offers semi private elevators, high
ceilings, top of the line appliances, granite counter tops, wood cabinets,
marble floors, expansive terraces and beautiful views of Biscayne Bay. Amenities
include 60 Ft lap pool, Jacuzzi, exercise room, BBQ area and deep water marina.
Unit comes with 3 PRK and 1 dock 17×46.
ShowcaseMiami Realty specializes in assisting homeowners to Sell their Miami home.
Jason Smith (Broker)
Miami Listing Agent