Frank Evans - Preferred Properties Int'l Realty, Inc Logo
$2,800,000
 $15,031 est/mo Sourced by Back At You

2945 Coconut Avenue,Miami, FL 33133

Miami, FL 33133

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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 terracean 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.

Details

MLS #A11977562
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2008
Days On Site179
Listing Provided ByGrove Town Properties, Inc. | Adam G Kutner

Features

SQ Feet3,500
Story(s)3
Units4
Zoning3900
Acreage7500.00

Taxes

Tax Annual Amount35354

Area Information

StateFL
CountyMiami Dade
CityMiami
Zip Code33133
Area2410
Community NamePALM TERRACE
Listing VS Median (in PALM TERRACE)
Price:
$2,800,000
low | high
Med:
$1,408,000
99.714285714286% of Average
sqft:
3,500
low | high
Med:
3,795
41.585714285714% of Average
$ / sqft:
$800
low | high
Med:
$402
99.755441428222% of Average
On site:
179
low | high
Med:
103.5
100% of Average
Sourced by Back At You

Market Activity 33133

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The information is being provided by Beaches MLS. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Beaches MLS. All Rights Reserved.

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Learn More About This Property

Frank Evans

Frank Evans

Preferred Properties Intl Realty Inc

BK3280715 (954) 684-6157frank@preferredpropertiesint.com
StateFL
CountyMiami Dade
CityMiami
Zip Code33133
Area2410
Community NamePALM TERRACE
Listing VS Median (in PALM TERRACE)
Price:
$2,800,000
low | high
Med:
$1,408,000
99.714285714286% of Average
sqft:
3,500
low | high
Med:
3,795
41.585714285714% of Average
$ / sqft:
$800
low | high
Med:
$402
99.755441428222% of Average
On site:
179
low | high
Med:
103.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.1M - $3.5M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
2984 Coconut Ave Property Photo 1
$15,250
2984 Coconut Ave
Coconut Grove, FL 33133
2984 Coconut Avenue Property Photo 1
$15,250
2984 Coconut Avenue
Coconut Grove, FL 33133
2986 Coconut Ave Property Photo 1
$2,975,000
2986 Coconut Ave
Coconut Grove, FL 33133
2986 Coconut Avenue Property Photo 1
$2,975,000
2986 Coconut Avenue
Coconut Grove, FL 33133
2960 Whitehead Street Property Photo 1
$2,400,000
2960 Whitehead Street
Coconut Grove, FL 33133
Listing Updated: August 25, 2026 at 3:38:25 AM PDT

Frank Evans - Preferred Properties Int'l Realty, Inc