JUST SOLD in Yacht Harbour
Unit 13 G/H
Sold for $649,000
2901 Bayshore Dr, Unit 13-G/H
Coconut Grove, FL 33133
Living Area: 3,512sq ft
Redesigned 3,512 square feet 2/2 corner unit (13G+H) at fabulous Yacht Harbour overlooking Biscayne Bay in Coconut Grove. Features huge heated pool, 2 tennis courts, gym, sauna, covered garage, valet service, 24hr concierge/ security. Combined units have entrance foyer, large office, two large bedrooms, walk-in closets, built-in bookcases/cabinets, accordion shutters and over 60 linear feet of balcony. Views of Biscayne Bay & Key Biscayne from 2 bedrooms/living room on north side of building.
This was a challenging sale. First of all, the unit was a very large 2-Bedroom unit (many buyers who considered it sought a 3 Bedroom with this square footage and price). On a per square foot basis, this Coconut Grove unit was priced very attractively at $200/sq foot (versus $800-$1,000 for newer condos in the Grove). Our challenge in marketing this Miami condo was that the building was slated to undergo renovations for the 40 year re-certification over the following 18 months. This unit was assessed a $105,000 assessment. In our negotiations, Buyer and Seller were very astute. Buyer recognized that $200/sq foot was an outstanding value for a condo of this size in this Coconut Grove location. Seller recognized that the $105,000 assessment was an intimidating hurdle for any Buyer to contend with (even at the attractive $699,000 list price).
Ultimately, Buyer and Seller agreed to split the cost of the assessment equally between them. Buyer offered full price for the unit.
ShowcaseMiami Realty specializes in assisting homeowners to Sell their Miami home.
Jason Smith (Broker)
Miami Listing Agent