1 / 57
+52 photosGated community home — 2945 Coconut Avenue · Palm Terrace · Miami
$2,550,000
2945 Coconut Avenue, Miami, FL 33133
Miami, FL, 33133
— bd · 0 ba · 3,500 sqft
Listed by Grove Town Properties, Inc.
2945 Coconut Avenue, Miami, FL 33133
Listed by Grove Town Properties, Inc.
Add this home to your tour day
Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
0 of 6 homes in your tour
Estimated monthly payment
$16,955/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $16,955/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: Zone not provided · verify insurance quotes before buying.
About this home
Find similar homesExceptional investment opportunity in highly desirable Coconut Grove! This well-maintained fourplex features four spacious 2-bedroom, 1.5-bathroom units (875 Square Feet per unit), each offering a private patio as well as an exclusive rooftop terrace—an uncommon and highly desirable feature for star gazers. The gated property provides secure access and includes parking for two vehicles per unit.Each unit has its own separate folio number, creating a rare opportunity for a potential condo conversion or flexible ownership structure. All units are currently occupied by long-term tenants, providing immediate income, with rents currently below market rates and strong upside potential for increased revenue.Ideally located near the parks, marinas, dining, shopping, and waterfront lifestyle that make Coconut Grove one of Miami’s most sought-after neighborhoods, this property offers both stable cash flow and long-term appreciation potential.DO NOT DISTURB TENANTS. Showings by appointment only after executed contract.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 15%
The seller has come down from $3,000,000 to $2,550,000 — a $450,000 reduction since it came on the market.
247 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $16,955/mo
2945 Coconut Avenue, Miami, FL 33133 · Miami
Location
2945 Coconut Avenue, Miami, FL 33133
What buyers ask about this home
What are the estimated monthly carrying costs at 2945 Coconut Avenue, Miami, FL 33133?+
Property tax (after sale): $3,147/month est.; homeowners insurance: $577/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $3,723/month est. Principal and interest: $13,231/month; PMI: $0/month. Total for the payment scenario shown: $16,955/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 2945 Coconut Avenue, Miami, FL 33133?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 2945 Coconut Avenue, Miami, FL 33133 need flood insurance, and what drives the premium?+
Most of Miami sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 2945 Coconut Avenue, Miami, FL 33133?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 2945 Coconut Avenue, Miami, FL 33133?+
This listing has been on the market 247 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Miami. Distinct neighborhoods, local dining and shopping, with downtown, Brickell and MiamiCentral as everyday destinations.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Coconut Grove Elementary School
Elementary · 0.7 mi from this home · 3351 Matilda St, Coconut Grove
Ponce De Leon Middle School
Middle school · 2.5 mi from this home · 5801 Augusto St, Coral Gables
Coral Gables Senior High School
High school · 1.4 mi from this home · 450 Bird Rd, Coral Gables
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
ST. Stephen'S Episcopal Day School
Elementary · Private · Catholic · Grades PK–5 · Coconut Grove
Carrollton School-Sacred Heart
Pre-K & Kindergarten · Private · Catholic · Grades PK–12 · Miami
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
Interested in this property?
$2,550,000 · MLS A11977562
$2,550,000
2945 Coconut Avenue
2460 Secoffee Terrace, Miami, FL 33133
Listed by Montgomery & Koebel, Inc.
SILVER BLUFF EST SEC C
2 bd · 1 ba · 1,189 sq ft
$1,450,000
View details
2889 SW 33rd Avenue, Miami, FL 33133
Listed by The Beracha Team LLC
AVALON SUB
4 bd · 4 ba · 4,644 sq ft
$1,425,000
View details
2000 S Bayshore Drive 69, Miami, FL 33133
Listed by Avenew Realty Corp
L HERMITAGE
3 bd · 4 ba · 4,035 sq ft
$2,890,000
View details
3409 SW 25th Terrace, Miami, FL 33133
Listed by KWG Realty Group LLC
SILVER BLUFF HOMESITES
4 bd · 4 ba · 2,672 sq ft
$1,490,000
View details
3411 SW 29th Street, Miami, FL 33133
Listed by Emporium Investments, LLC.
OVERBROOK PARK
2,597 sq ft
$1,100,000
View details
2845 SW 38th Court B, Miami, FL 33134
Listed by Coldwell Banker Realty
REALTY SECURITIES CORPPB
4 bd · 4 ba · 2,671 sq ft
$1,950,000
View details