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The Riley Smith Group

Daily News On Brickell, Coconut Grove and Coral Gables Real Estate

By Riley Smith | Agent in Coconut Grove, FL
  • Why Coconut Grove?

    Posted Under: General Area in Coconut Grove, Home Buying in Coconut Grove, Home Selling in Coconut Grove  |  January 20, 2012 9:19 AM  |  1,439 views  |  No comments

    Yacht Harbour, Coconut Grove

    Continuing on with my “Why Coconut Grove?” series of blog posts, here is a wonderful explanation from some clients of mine who purchased a home in Ye Little Wood last year.  

    “Our family began the search for the perfect vacation home about five years ago. The operative words in our search were Vacation and Home. We wanted to find a perfect climate that allowed us to escape from our winter lives in Toronto. We also wanted more than just a holiday destination… We wanted a home that was part of a safe, friendly, interesting and vibrant community. A tall order.

    So many places had already been eliminated after starting out with such high hopes. When our friends mentioned a great regatta weekend in Coconut Grove. “Have you heard of it? It’s divine!” I did some research and fell in love with the online version of Coconut Grove. Could reports of this town in a city live up to our expectations, was I in for another disappointment?

    We booked a holiday, rented a great cottage in The Grove as I was instructed to call it, and decided to find out for ourselves. The best way to decipher a neighbourhood is on foot so I strapped on my running shoes for a first hand look…

    I began to believe the hype when I saw people having breakfast on a patio, kids walking to school, dog walkers strolling through the neighbourhood, diversity in people, houses, yards. I saw peacocks, trees and foliage and nature… A neighbourhood that had not been razed. I enjoyed mom and pop stores and restaurants, a bookstore open late, and even music on the street corners.

    But most importantly and proven over and again, it’s the people in Coconut Grove that made us fall in love. The people who recommended great restaurants, who special ordered the book, who toured us through the real estate, who got us tickets to see the Heat, who invited us to neighbourhood parties, who left welcome orchids on moving day, who have been nothing but kind, and who bent over backwards to make us love The Grove as much as they did.

    Best of all it’s the complete strangers who said hello and smiled knowingly as I ran through their neighbourhood that was soon to become my neighbourhood too. ”

    After reading that story, how could you possibly live anywhere else?


    View Original Post at The Real Estate Coconut
  • The Gables Club, Coral Gables Market Update

    Posted Under: Home Buying in Coral Gables, Home Selling in Coral Gables, Property Q&A in Coral Gables  |  January 19, 2012 10:37 AM  |  1,323 views  |  No comments

    The Gables Club, Coral Gables

    I couldn’t believe the data when I ran the numbers for The Gables Club this morning.  Prices fell to $334.00 per square foot in 2011, down from much higher numbers of $797.00/sf in 2008 and $557.00/sf in 2007. 

    The Gables Club is the premiere condo building in Coral Gables and offers great bay views as well as a 15,000 square foot private club with restaurant, gym, spa, 24 hour concierge, 2 pools, valet, tennis, putting greens as well as marina access.   Scroll through the available condos for sale in The Gables Club here.

    See the charts I created below on the real estate market in The Gables Club since 2007.

    The Gables Club, Coral Gables

    The Gables Club, Coral Gables

    When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly.  If you are interested in buying or selling I would be happy to meet with you for a no pressure consultation.  Please feel free to contact me directly at 305-342-1623 or send me a note here.

    View Original Post Here: http://coralgablesrealestatevault.com/2012/01/19/the-gables-club-coral-gables-market-update-2/

  • Influx Of Foreclosures In Coconut Grove Was Expected

    Posted Under: Home Buying in Coconut Grove, Home Selling in Coconut Grove, Property Q&A in Coconut Grove  |  January 19, 2012 10:36 AM  |  1,305 views  |  No comments

    Douglas Road Foreclosure

    Since the new year Coconut Grove has seen an influx of foreclosures come on the market. If you have been following my blog over the past year you know that we saw a similar trend at the beginning of 2011.  I’m not sure if the banks have a reasoning behind it but if history is any indication they will release several more foreclosures over the next few months and then we will see them taper down as we enter the middle of the year.  If you are interested in one of these foreclosures, you have to be ready to pay cash and act fast. 

    I mentioned the foreclosure on Frantz Avenue earlier this week here…Buyers circling at foreclosures on Frantz and another one worth discussing  is located at 4288 Douglas Road in the South Grove (photo above).  This has been for sale previously as a foreclosure but the contract fell through at the last minute.  The house sits on a nice big lot however it needs a substantial amount of renovations to the interior.   List price is $1,299,000 by Kerdyk Real Estate. 

    The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information.  Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips.  Browse Coconut Grove’s gated communities, waterfront homes, villas, townhouses,foreclosures plus much more.

    When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly.  If you are interested in buying or selling I would be happy to meet with you for a no pressure consultation.  Call me on my cell at 305.342.1623 or send me a message here.

    View Original Post Here: http://therealestatecoconut.com/2012/01/19/influx-of-foreclosures-in-coconut-grove-was-expected/

  • Is Global REALLY The New Local?

    Posted Under: Home Buying in Coral Gables, Home Selling in Coral Gables, Property Q&A in Coral Gables  |  January 18, 2012 12:42 PM  |  1,323 views  |  No comments

    GlobalLocal

    At a recent Inman real estate conference in NY a common theme among the speakers was that “Global Is The New Local”.  I thought about this statement over the past few days and have to say that I respectfully disagree.  Yes, a Realtor’s global reach is an essential part of his/her business particularly here in Miami where a major percentage of buyers are international.  It is one reason why my team focuses so much on the internet and technology.  However we must never forget that having a local presence, knowing your local colleagues and the local real estate market is a fundamental factor in every agent’s success.  Just in the past two weeks I have written contracts for two different buyers who would have never gotten the properties had I not had a very good relationship with the agents on the other side.  

    In my opinion, being a local agent is and always will be at the heart of any real estate transaction.

    View Original Post Here: http://coralgablesrealestatevault.com/2012/01/18/is-global-really-the-new-local/

  • The Riley Smith Group Is #1 In Coconut Grove!

    Posted Under: Home Buying in Coconut Grove, Home Selling in Coconut Grove, Property Q&A in Coconut Grove  |  January 18, 2012 8:47 AM  |  1,277 views  |  No comments

    riley

    The numbers are in and I am proud to announce that my team has sold the most number of homes in Coconut Grove in 2011.  This marks the second consecutive year that we have earned this title.  Thank you to all of our friends and clients who have trusted us with their business needs.  We are looking forward to a successful and productive 2012!


    View Original Post Here: http://therealestatecoconut.com/2012/01/18/the-riley-smith-group-is-1-in-coconut-grove/
  • Modern Home For Sale In Coral Gables

    Posted Under: Home Buying in Coral Gables, Home Selling in Coral Gables, Property Q&A in Coral Gables  |  January 17, 2012 7:39 AM  |  1,342 views  |  No comments

    Kerwood Oaks Drive, Coral Gables

    If you like modern homes, you should check out 5655 Kerwood Oaks Drive designed by world renowned architect Donald Singer which is listed for $3,850,000 in Coral Gables by One Sotheby’s.  The home sits on a large 68,000 square foot lot with tennis court, magnificent gardens and pool. 

    Another modern house on Kerwood Oaks designed by Donald Singer sold last year on Kerwood Woaks Drive for $2,150,000. 

    Kerwood Oaks Drive, Coral Gables

    If you are interested in buying, selling, building or renting and are looking for a real estate agent who specializes in Coral Gables, please feel free to contact me at305.342.1623 or send me a note here.

    View Original Post Here: http://coralgablesrealestatevault.com/2012/01/17/modern-home-for-sale-in-coral-gables/

  • Buyers Circling At Foreclosure On Frantz Avenue

    Posted Under: Home Buying in Coconut Grove, Home Selling in Coconut Grove, Foreclosure in Coconut Grove  |  January 17, 2012 7:00 AM  |  1,335 views  |  No comments

    Frantz Foreclosure

    Yesterday a foreclosure came on the market at 3830 Frantz Avenue in the South Grove for $370,800.  I went to take a look at it for some clients last night and there were several groups of buyers checking out the house.   At this price, the home will certainly sell to a cash buyer and very likely over asking price.  View photos and information here.   Details: 1,994 square feet of living space, 3 bedrooms, 3 baths with 10,681 square feet of living space.

    I knew the previous owners who sold the house back in 2005 for $1,000,000.  Back then it was a charming little Grove house but as many foreclosures do it has fallen into disrepair.  In my opinion, the house also has some mold issues that will need to be cleared up.    

    The Real Estate Coconut is the most comprehensive online source for Coconut Grove real estate information.  Whether you are looking for the latest sales, trends or homes for sale in Coconut Grove, The Real Estate Coconut has it all at your fingertips.  Browse Coconut Grove’s gated communities, waterfront homes, villas, townhouses,foreclosures plus much more.

    When listing or buying a home it is essential to have a local Realtor who knows the numbers, tracks the market and can value a home correctly.  If you are interested in buying or selling I would be happy to meet with you for a no pressure consultation.  Call me on my cell at 305.342.1623 or send me a message here.

    View Original Post Here: http://therealestatecoconut.com/2012/01/17/buyers-circling-at-foreclosure-on-frantz-avenue/

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