Active

2945 Coconut Ave

Miami, FL 33133

$3,000,000 $12,648/Mo

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Overview

Bed

Bath

3,500

Sqft

Description

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.

Property Details

Property Type : ResidentialIncome

Price : $3,000,000

AD Id : 76030551

MLS Id : A11977562

Beds : 8

Living Area Size : 3,500

Year Built : 2008

County : Miami-Dade

Subdivision: Palm Terrace

Map

Features

Interior Features

Roof: Flat, Tile
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

Building Information

Year Built: 2008

Building Area Total: 3500

Construction Materials: Block

Stories: 3

Pool Features: None

Private Pool: No

Association Fee Frequency: Monthly

Lot Information

Lot Description: LessThanQuarterAcre

Property Information

Subdivision: PALM TERRACE Source Property Type: ResidentialIncome Postal Code Plus 4: 3787 Zoning Description: 3900 Property SubType: Quadruplex Property Age: 18

Listing Price Information

Listing Price: $3000000

Cash, Conventional

Tax Information

Parcel Number: 01-41-16-166-0001 Tax Year: 2025 Annual Tax: $35354 Tax Legal Desc: COCONUT DEVELOPERS CONDO PALM TERR PB 3-47 LOT 18 BLK 1 AS DESC IN DECL OR 26747-2881 LOT SIZE 7500 SQFT FAU 01-4116-029-0160

Parking Information

Parking Total: 8

Utility Information

CableAvailable
Location Information

Direction: Please use GPS. In Coconut Grove on Coconut Ave. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2815 SW 36th Ave, Miami, FL, 33133	$1,149,000	5	3	2,492	2,492 SqFt
3147 Mcdonald St, Miami, FL, 33133	$3,499,000	4	2	2,378	2,378 SqFt
1866 SW 25th Ter, Miami, FL, 33133	$1,250,000	5	6	1,561	1,561 SqFt
2399 SW 26th Lane, Miami, FL, 33133	$995,000	5	3	1,946	1,946 SqFt
3297 SW 26th St, Miami, FL, 33133	$1,325,000	6	5	2,343	2,343 SqFt
3674 SW 25th St, Miami, FL, 33133	$750,000	4	2	2,119	2,119 SqFt
2660 SW 36th Ave, Miami, FL, 33133	$1,500,000	4	2	2,112	2,112 SqFt
2783 - 2785 SW 33rd Ct, Miami, FL, 33133	$999,000	3	2	1,280	1,280 SqFt
2644 SW 28th Ct, Miami, FL, 33133	$529,000	2	2	1,344	1,344 SqFt
2625 SW 29th Ave, Miami, FL, 33133	$699,500	--	--	1,344	1,344 SqFt

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ByOwner last updated this listing 06/05/2026 @ 18:38

MLS: A11977562 LISTED BY: Adam Kutner, Grove Town Properties, Inc. 786-554-8947 SOURCE: SEFMIAMI