Another Magnificent Listing in Beacon Harbour…Listed by Jason Smith… (#401 Offered at $3.295 million)

November 1, 2013

1661-glencoe-master-bed

Description…

Enjoy unobstructed wide bay views with your yacht securely moored at your ***60 foot
boat slip*** below. Only two residences per floor accessed by dedicated
elevator to formal foyer. Intimate building has only 10 luxury residences.
Gourmet kitchen, top of the line appliances, high ceilings, floor to ceiling
impact windows. Amenities include a generous lap pool, gym with dramatic water
views and trained security/concierge to cater to your needs when in residence
and traveling.  2 Covered Parking.

Specs…

1660 W. Glencoe Street, #401

4 Bedrooms

3 Bathrooms

3,888 square feet

Maintenance fee $2,738/month

Jason’s Commentary…

We recently sold #301 directly below.  The difference between the two is that this one (#401) is has a superior view and is updated.  #401 also features 60 feet of dock space to moor your boat below.  Because of this boutique building’s location and views, Beacon Harbour Condominium is emerging as one of the most sought after condominiums in Coconut Grove or Miami, for that matter.  Beacon Harbour condominium has the enviable position of featuring a wide open bay view for all of the units while affording maximum protection for the owners’ yachts from the prevailing southeasterly breezes.

Pricing Analysis…

At $847/sq foot, Beacon Harbour #401 is positioned very competitively amongst the competing luxury waterfront buildings in Coconut Grove.  If one subtracts the value of the 60 feet of prime waterfront boat dockage ($9,000/ sq foot X 60 Feet = $540,000), the list price for the Beacon Harbour #401 without the included boat slip is $2,755,000 (or $708/sq foot).

Competing Available Coconut Grove Buildings (3,400-5,000 sq ft) and their cost per square foot (as of MLS on Nov. 1st, 2013)…

Grove at Grand Bay $893-$1094/sq foot (no boat slips…not directly on water)

Grovenor House…$931-$1043/sq foot (no boat slips…not directly on water)

Ritz Carlton Coconut Grove…$720/sq foot (no boat slip…not directly on water)

Conclusion…

At $847/sq foot (including a 60 foot boat slip), Beacon Harbour #401 is a real opportunity.  Call Jason Smith at 786-326-8115 for a private showing.

1660 W Glencoe (Exterior)

1661-Glencoe-kitchen

1660 W Glencoe (View3)

1661-Glencoe-Liv

ShowcaseMiami Realty specializes in assisting homeowners to Sell their Miami home.

Jason Smith (Broker)

Miami Realtor

Miami Listing Agent

ShowcaseMiami Realty

www.ShowcaseMiami.com

786-326-8115

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