posted by Susan Reiter on February 27, 2010
The Developer for Coconut Grove Residences just released a statement that the auction scheduled for this Sunday has been cancelled. They are stating they had over 100 registered bidders primarily from out of state or international. But due to the snow storms the ability of buyers to get to South Florida became a problem. The units listed for the auction are still available for sale.
The saga of unsold units at Coconut Grove continues……
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Categories: Coconut Grove, Deals, Fort Lauderdale Oceanfront Condos
posted by Susan Reiter on January 29, 2010
Coconut Grove consists of a total of only 65 units and is situated on one of the best beaches in Fort Lauderdale. Although Coconut Grove is in a great location in Fort Lauderdale, 21 units remain unsold. Beyond blaming the economy, for sluggish sales many of the floor plans are quite unusual not making sense for many buyers. Well the developer is auctioning off the remaining unsold 21 units. Prices range from $177 sq.ft. $ 327 sq. ft. If you are interested contact me for registration details and floor plans.
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Categories: Coconut Grove, Deals, Fort Lauderdale Oceanfront Condos
posted by Susan Reiter on March 17, 2009
The Coconut Grove on Fort Lauderdale Beach is a 14 story deluxe oceanfront condo with only 64 residences. Due to zoning and development restrictions, Coconut Grove may be the last new condominium built directly on the sand in southeast Fort Lauderdale. The property sits on 230 feet of beautiful beachfront.
The Economic downturn and South Florida real estate market hurt most new construction projects. Through it all, many developers stuck to their prices, and did not adjust to current market demands. Until Now.
Coconut Grove recently reduced their prices dramatically. Previously the units were priced from around $868 square foot to over $1200 square foot. Coconut Grove’s recent price reductions offer units priced from $312 a square foot to $645 square foot !!! How’s that for price reductions !!! Furthermore it has been reported, that now the building has approximately 50% closed units.
The condos offer floor to ceiling windows, Smart building technology, steel and glass balconies and fine kitchen and bath finishings.
The views from some of the units are spectacular. The proximity to the Port offers great ocean views of cruise ships and freighters coming in and out of South Florida. Even the west views are open and interesting.
South East View
North East View
A finished kitchen.
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A northeast spacious unit
Interesting West Views
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Categories: Amazing Views, Buying Real Estate, Coconut Grove, Deals
