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$2,595,000 -$205,000 (-7.32%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • Updated 6 days ago
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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 for 2945 Coconut Ave

General

  • Price: $2,595,000
  • Taxes: $35,354 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11977562
  • Updated: 10/7/2026
  • Added to Site: 219 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.: $741.43
  • 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.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 2945 Coconut Ave

School District:Dade County School District
NameGradesDistance
Coconut Grove Elementary School
3351 Matilda St, Miami, FL 33133
PK-50.7 mi
Ponce De Leon Middle School
5801 Augusto Street, Coral Gables, FL 33146
6-82.4 mi
Coral Gables Senior High School
450 Bird Road, Coral Gables, FL 33146
9-121.4 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/07/2026
Price Reduced
$2,595,000
-7.32%
MLS
7/28/2026
Price Reduced
$2,800,000
-6.67%
MLS
3/09/2026
Listed
$3,000,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2945 Coconut Ave

Year
Property Taxes
Change
Tax Assessment
Change
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.

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NMLS#: 1598647

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Listed by Grove Town Properties, Inc.

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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 $2,595,000 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.

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