5 Things To Consider Before Buying Real Estate In Coconut Grove

By Author: Richard
Total Articles: 19
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Sandy beaches, clear waters, shining sun and a chilled life; the very thought of Miami and its tropical vibe makes anyone feel like packing their bags and leave for a vacation. If mere vacations to Miami and its neighborhoods are so exciting, imagine the idea of living in one of those neighborhoods! Coconut Grove is one such neighborhood in Miami that is known for its incredible living standards and real estate. It is in fact one of the oldest inhabited neighborhoods in Miami, FL and was formed in 1925. The place is also known for its rich diversity, as people from all over the world with different professional backgrounds come and dwell in this beautiful neighborhood. Considered to be one of the most ideal neighborhoods in Miami to buy real estate, here’s a list of things one needs to consider before purchasing real estate in Coconut Grove.

1. Geography of Coconut Grove

Coconut Grove is certainly a tropical region that is located on the banks of the Biscayne Bay. The entire neighborhood is divided into two parts i.e. ‘Northeast Coconut Grove’ and ‘Southwest Coconut Grove’. The population of the region ...
... is close to 20,000 and includes a pretty diverse racial makeup. Coconut Grove is ideally located to be closer to all other neighborhoods in Miami and one can drive up to Miami and Miami Beach in less than 20 minutes from here.

2. Real Estate in Coconut Grove

Before investing in real estate of Coconut Grove, it is wise to know the current real estate market trends in the neighborhood. Coconut Grove real estate has always been bright and in demand, even in the tough times of recession in 2008. The demand has always been high and extremely stable. The price range of the properties available is very wide, ranging from costly, extravagant mansions to charming cottages and modern houses which are available for less than a million.

3. Type of Real Estate

Before buying real estate in Coconut Grove, one should also be sure of the type of real estate he/she wants to buy in this beautiful neighborhood. Bay front mansions, canal front homes, luxury bay front condos and large estates, living abodes of all ranges and extravagance are available in Coconut Grove. Do your research from the listings available and select the one that matches your lifestyle and budget.

4. Livability

Coconut Grove is one of the best neighborhoods in Miami for buying real estate and ‘livability’ is one of the main reasons why it is so. The neighborhood is just minutes away from prestigious schools, world class restaurants, bars, shopping malls, cafes and all other kinds of services, including a boat dock service.

5. Real Estate Agent

Real estate in Coconut Grove is one that involves a lot of money and big stakes. If you are new to Miami and want to meet the right people for the right kind of property without wasting much time and money, you need a reliable real estate agent who has an impressive profile with high experience and reputation.

Mayfair Real Estate Advisors is a boutique realtor located in Miami, FL, whose real estate agents helps clients buy, sell or rent luxury homes, condos, beachfront houses, villas, apartments, or commercial properties in Coconut Grove, Brickell, Miami Beach, Key Biscayne, Coral Gables, Pinecrest, or anywhere in South Florida.