The sale of a condominium in Coconut Grove has set a new record for the highest sale per square foot. With a price of $3,295 per square foot, this sale also ranks among the highest in Coconut Grove. We couldn't be prouder.
Increase of 222% from average sold price
This remarkable sale sets a new record for Coconut Grove condos. It exceeds the average sold price per square foot for this year by 222%. This sale breaks all previous trends and statistics in the Coconut Grove condo market.
$10,700,000
The condo, unit 15A with 3,247 SF and 4 beds in One Park Grove, was privately sold from one special owner to another, and we are grateful to have assisted both parties in this transaction. The property was sold for a total of $10,700,000, and we consider ourselves privileged and thankful to have been involved with Park Grove since its inception. This sale further demonstrates the success of this development. With over 110 new development and resales in Park Grove, The APT TEAM has sold more than $200M in this development, breaking every record.
Park Grove, rises above Coconut Grove
As members of the exclusive in-house sales team, we have personally witnessed the remarkable growth and positive impact that Park Grove has had on the Coconut Grove community. The development has contributed to an increase in the taxable values of properties in Coconut Grove. In fact, we confidently assert that the development and completion of Park Grove, along with One Park Grove, have played a crucial role in revitalizing and enhancing the desirability of Coconut Grove. Furthermore, the growth of retail, commercial, office, and entertainment venues in the area has been unprecedented, as they follow the success of Park Grove.
Due to its outstanding reputation, Park Grove has become a highly sought-after location. Many empty nesters from the local area have chosen to sell their homes and relocate to this exceptional community.
Park Grove is recognized as one of the premier options for real estate in Coconut Grove. For those who are not familiar, Park Grove is a distinctive and opulent development that provides exceptional amenities and services, while also embracing the natural surroundings of Coconut Grove. It consists of three towers: One Park Grove, Two Park Grove, and the Club Residence tower.
Situated on Bayshore Drive, the design of Park Grove was conceived by the renowned architect OMA Rem Koolhaas, with development led by Terra Group and Related Group. The landscaping was expertly executed by Enzo Enea, while the kitchens and primary bath suites were designed by William Sofield. The amenities at Park Grove are unrivaled, showcasing a breathtaking bayfront pool, a state-of-the-art fitness center, a wellness lounge offering a full-service spa experience, and meticulously manicured grounds by Enzo Enea.
Value surge in Park Grove condos
