Date
Details
Price
Change
Source
3/09/2026
Listed
$3,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/23
$3,000,000
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1/23
Property 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.
Full Property Details
Full Property Details for 2945 Coconut Ave
General
- Price: $3,000,000
- Taxes: $35,354 (2025)
- Status: Active
- Type: Multi-Family
- Source: Greater_Miami
- MLS ID: A11977562
- Updated: 3/9/2026
- Added to Site: 22 day(s) ago
Rental Information
- Rent Includes: None
Interior
- Flooring: Tile
Parking
- Total Spaces: 8
Location
- Area: Palm Terrace
- County: Miami-Dade County
- Subdivision: PALM TERRACE
- Building Name: PALM TERRACE
- Driving Directions: Please use GPS. In Coconut Grove on Coconut Ave.
Community
- Community Name: Palm Terrace
- Association: Yes
- Units Assoc/Comm: 4
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Attached
- Structure Type: Quadruplex, Fourplex
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Flat Tile
- Stories/Levels: 3
- Building Size: 3500
- Square Feet: 3,500
- Living Area: 3,500 Sq. Ft.
- Year Built: 2008
Unit Information
- Units in Complex: 4
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: 3900
Financial Considerations
- Price Per Sq. Ft.: $857.14
- Assoc Fee Freq.: Monthly
- Tax Amount: $35,354
- Tax Year: 2025
- Terms: All Cash, Conventional
Disclosures and Reports
- Documents Avail.: Deposit - Last Months Rent, Deposit - Security, Copy Of Lease(S)
- Legal Description: 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
- Property ID: 01-41-16-166-0001
Listed by Grove Town Properties, Inc.
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Listing agent
— 2945 Coconut Ave —
Grove Town Properties, Inc.
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 2945 Coconut Ave
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Coconut Grove Elementary School 3351 Matilda St, Miami, FL 33133 | PK-5 | 0.7 mi |
Ponce De Leon Middle School 5801 Augusto Street, Coral Gables, FL 33146 | 6-8 | 2.4 mi |
Coral Gables Senior High School 450 Bird Road, Coral Gables, FL 33146 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2945 Coconut Ave
Tax History
Tax History for 2945 Coconut Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
100%
100%
2024
100%
100%
2023
100%
100%
2022
100%
100%
2021
100%
100%
2020
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2945 Coconut Ave
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- Condo
- Active
- Updated 5 days ago
- 4Beds
- 5Total Baths
- 3,024Sq. Ft.
- Condo
- Active
- Updated 3 days ago
- 4Beds
- 5Total Baths
- 4,318Sq. Ft.
- Condo
- Active
- Updated 4 days ago
- 4Beds
- 6Total Baths
- 7,027Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,080Sq. Ft.
- Condo
- Active
- Updated 1 day ago
- 1Bed
- 2Total Baths
- 1,100Sq. Ft.
Listed by Michele Redlich (305) 725-3119
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- Condo
- Closed
- 4Beds
- 4Total Baths
- 2,665Sq. Ft.
Sold by Mariana Garber
- Condo
- Closed
- Updated 7 days ago
- 3Beds
- 4Total Baths
- 2,403Sq. Ft.
- Condo
- Closed
- Updated 8 days ago
- 2Beds
- 3Total Baths
- 1,756Sq. Ft.
2945 Coconut Ave, Miami, FL 33133 (MLS# A11977562) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 2945 Coconut Ave is currently listed for $3,000,000 and was received on March 09, 2026. Want to learn more about 2945 Coconut Ave? Do you have questions about finding other Multi-Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.