The Moorings, a fabulous, private guard gated community in Coconut Grove is centrally located directly off of Main Highway, a short stroll from the Village of Coconut Grove. There are almost 40 homes on three main roads, North and South Moorings Way and Mooring Court which is comprised of two little lanes not really courts to the left and right of the guard gate and each side possessing its own private gate. If you drive down either Way you will reach the water where the owners have riparian water rights. What does that mean? Riparian rights means if you are an owner in the community you collecting all have rights to this where you can park your boat. You need to get on a list but pretty sweet cause it is super convenient. My favorite parts of the Moorings is the location, security and family friendly wide roads. If you have children or grandkids it is the type of neighborhood where the kids could ride their bike around and be safe. Association fee is nominal only $2400 per year which is certainly low for having a 24/7 guard at the gate.
Currently, there are only three active homes for actively for sale. There is one home at the end of this little Lane that is called a Court to the left of the gate, another that is a home that could be torn down since it is need of a complete renovation sold as land as well and a grand, very unique, modern home on the water at the very end of the community by Click RE1 8-Photo View w/ Tax to view the 3 properties’ details currently for sale.
Over the last year, five properties have sold click RE1 8-Photo View w/ Tax to view the details of the closed sales like days on market, size specifications and list vs sale price.
And the closing price per square feet ranges between $301.85 (home under construction) up to $1,323.62 (sold for $10,125,000). The year before last only two sales took place one a home which was quickly torn down for land value (neighbor purchased and I assume so then no one can build close to them). The other home is an Old Spanish that needed some TLC and the current owner, Jenny Peters is certainly giving it love by renovating this property and I am sure making it fabulous like she has in the past with another charming Old Spanish located down a ways at 3467 North Moorings Way. She bought this gem in 2000 for $1,655,000 and put a ton of work into this home later transforming it into a spectacular one of kind masterpiece which sold 5 years later for $6,500,000 which was around $1064/SF for NON waterfront! She takes charm and pushes it up hundreds of notches to elegantly sophisticated and totally chic! I hope I get a chance to view her new project in the Moorings when it is complete.
The Moorings is a wonderful place to live and in my opinion the values will sustain because of its location, privacy and beauty!
If you are looking to sell or buy in Coconut Grove call me at 305-807-9199.