$2,595,000
2945 Coconut Avenue
PALM TERRACE
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $2,595,000
- Price per sq ft
- $741
- Original price
- $3,000,000
- Days on market
- 213
This multi-family property in ZIP 33133 is listed at $2,595,000, or $741 per square foot. The asking price has come down 13.5% from its original $3,000,000. It has been on the market for 213 days.
Estimated monthly payment
$13,638 /mo
Principal and interest only, based on $519,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $2,595,000
- Days on Site
- 213 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 3,500 sqft
- Total Sq Ft
- 3,500 sqft
- Year Built
- 2008
- Property Type
- Multi-Family
- MLS #
- A11977562
- Property Tax
- $35,354 (2025)
- Subdivision
- PALM TERRACE
- County
- Miami Dade
- Status
- Active
About This Property
Exceptional 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.
MLS media linkGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 2008
- Property Condition
- Resale
- Number of Stories
- 3
- Living Sq Ft
- 3,500
- Total Sq Ft
- 3,500
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 3900
Interior Features
- Cooling
- Central Air
- Heating
- Central / Separate Meters
- Flooring
- Laminate / Tile
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Roof
- Flat / Tile
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 2410
Schools
- Elementary School
- Coconut Grove
- Middle School
- Ponce De Leon
- High School
- Coral Gables
About the Area
Browse Miami homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 9,439
- Under Contract
- 1,779
- Median List Price
- $645,000
- Median Sale Price (September)
- $592,500
- Median $/Sq Ft
- $508
- Avg Days on Market
- 143
Frequently Asked Questions
- How do I schedule a tour of 2945 Coconut Avenue, Miami, FL 33133?
- Use the Tour button on this listing to request a showing of 2945 Coconut Avenue, Miami, FL 33133. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 2945 Coconut Avenue, Miami, FL 33133 still available?
- 2945 Coconut Avenue, Miami, FL 33133 is currently listed as Active, and has been on the market 213 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 2945 Coconut Avenue, Miami, FL 33133?
- With 20% down ($519,000) on the $2,595,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 2945 Coconut Avenue, Miami, FL 33133 is about $13,638/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 2945 Coconut Avenue, Miami, FL 33133?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 2945 Coconut Avenue, Miami, FL 33133. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 2945 Coconut Avenue, Miami, FL 33133?
- 2945 Coconut Avenue, Miami, FL 33133 is zoned for Coconut Grove (elementary), Ponce De Leon (middle), Coral Gables (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 2945 Coconut Avenue, Miami, FL 33133?
- Often, yes. The right offer on 2945 Coconut Avenue, Miami, FL 33133 depends on how it's priced against comparable multi-family sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Grove Town Properties, Inc.
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$2,595,000
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Listed by Adam G Kutner, Grove Town Properties, Inc.
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Recent Sales
Recently sold homes in ZIP 33133
These are the last 6 recorded closings in ZIP 33133, with the price each home actually sold for rather than what it was listed at. They closed at a median of $1,607 per square foot. The most recent closed on October 13, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$4,150,000
Sold · October 13, 2026
3820 Loquat Avenue
5 bed · 6.5 bath · 3,947 sqft · $1,051/sqft
Sold$7,950,000
Sold · October 9, 2026
4115 Park Avenue
5 bed · 6.5 bath · 4,948 sqft · $1,607/sqft
$45,000 under the asking price
Sold$328,344
Sold · October 9, 2026
2630 SW 28th Street 51
1 bed · 1 bath · 615 sqft · $534/sqft
$20,656 under the asking price
Sold$3,050,000
Sold · October 9, 2026
4330 Lennox Drive
3 bed · 2 bath · 1,711 sqft · $1,783/sqft
$250,000 under the asking price
Sold$6,925,000
Sold · October 9, 2026
3499 N Prospect Drive
5 bed · 4 bath · 4,088 sqft · $1,694/sqft
$175,000 under the asking price
Sold$3,150,000
Sold · October 8, 2026
3620 Battersea Road
3 bed · 3 bath · 2,652 sqft · $1,188/sqft
$345,000 under the asking price
See every recorded sale in ZIP 33133 or find out what your ZIP 33133 home is worth.
