2945 Coconut Ave, Miami FL 33133, Miami
$2,800,000
Miami, FL, 33133
Property details
- Living area
- 3,500 sqft
- Year built
- 2008
- Type
- Quadruplex
- Association fee
- $0 / monthly
- Days on market
- 143
- MLS #
- A11977562
Listing courtesy of Grove Town Properties, Inc. · 786-554-8947. Listing agent: Adam Kutner. MLS data last updated 2026-07-30.
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.
2945 Coconut Ave, Miami FL 33133, Miami — for sale, listed for $2,800,000 (3,500 sqft).
54 listings for sale in 33133 · median $1,460,000.
Run the numbers
ZIP vs city price level
Active listings like this in ZIP 33133 show a median asking $710/sqft — 68.8% above the Miami median asking of $421/sqft.
n=19 · 2026-08-14 · Methodology
What else is available at Palm Terrace?
5 listings are currently active in this building across 4 distinct units (4 × 2-bed, 1 × na-bed).
n=5 · 2026-08-14 · Methodology
Browse this price segment
n=874 · 2026-08-14 · Methodology
Current market segment
Right now: 54 active listings for sale in 33133, median asking price $1,460,000, median $710/sqft.
n=54 · 2026-08-14 · Methodology
Closest-priced alternatives
The 4 active listings closest in price within the same market segment:
Observed price & status history
Asking price reduced from $3,000,000 to $2,800,000.
Market intelligence recomputed weekly from the full live MLS feed · 2026-08-14 · Methodology
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