The rental market is HOT right now in Miami! And especially in the Grove, we are seeing a big influx of activity. There are currently 74 homes on the market for rent in Coconut Grove in a vast array of prices. Here’s a taste of what’s available:
Most expensive rental on the market:
3635 Stewart Avenue – $40,000 per month – 4 BR/7 BA – 5,958 square feet – directly on the water with 2 boat lifts – extensive gardens and grounds – listed with Esther Percal of EWM
My rental listing in Coconut Grove:
3615 Bayview Road – Reduced to $5,500 per month – 4 BR/3 BA – 3,260 square feet – nicely updated Old Spanish home on a quiet cul-de-sac with great pool & detached 2-car garage
Least expensive rental on the market:
2299 SW 27 Terrace – $1,600 per month – 2 BR/1 BA – 1,342 square feet – wood floors, 1 car garage – listed with Carolina Llamozas of Century 21
Just last month, 15 homes rented, and there are currently 17 homes pending rental!
So what does all this mean? If you put your home on the market for rent, you can expect it to rent quickly. With 74 homes active on the market, and 32 that have been rented/are renting in the past month, this inventory is moving!