Premier Brokers International
2945 Coconut Avenue, Miami, FL 33133
ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A11977562
$2,800,000

2945 Coconut Avenue, Miami, FL 33133

Beds
—
Baths
0
Sqft
3,500
Est. payment$18,875/mo
Home type
Quadruplex
Year built
2008
Lot size
—
Price / sqft
$800
HOA
$0/mo
Community
PALM TERRACE

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.

Listing activity

Days on market
198
Listed
Mar 9, 2026
MLS listing updated
Sep 23, 2026
Feed last checked
9 minutes ago

Listed by Adam G Kutner · Grove Town Properties, Inc.

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms
0
Bathrooms (decimal)
0

Rooms & features

Flooring
Laminate, Tile

Heating & cooling

Heating
Separate Meters, Central
Cooling
Central Air
Property

Exterior

Stories
3
Building area
3,500 sqft
Pool
No
Waterfront property
No

Lot

Lot dimensions
7500
Zoning
3900
Construction

Type & style

Home type
Quadruplex
Structure type
Multi Family
Year built
2008
New construction
No

Materials

Construction
CBS
Roof
Flat, Tile
Property condition
Resale
Utilities & green energy

Utilities

Sewer
Public Sewer
Water
Public
Utilities
Cable Available
Community & HOA

Community

Subdivision
PALM TERRACE
MLS area
2410

Association

Has association
Yes
Association fee
$0 monthly
Estimated monthly dues
$0
Lease details

Not reported by the listing source.

Location

Area details

City
Miami
County
Miami-Dade
ZIP code
33133
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A11977562
Possession
Close Of Escrow
Original list price
$3,000,000
Parcel number
0141161660001
Annual property tax
$35,354
Tax year
2025
Tax 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
Additional MLS details

Reported by the listing source

Association Fee Frequency
Monthly
Association
Yes
Bathrooms Total Decimal
0
Bathrooms Total Integer
0
Building Area Total
3500
Construction Materials
CBS
County Or Parish
Miami-Dade
Days On Market
198
Elementary School
Coconut Grove
High School
Coral Gables
List Price
2800000
Listing Contract Date
2026-03-09
Living Area
3500
Lot Size Dimensions
7500
MLSArea Major
2410
Middle Or Junior School
Ponce De Leon
Mls Status
Active
On Market Date
2026-03-09
Photos Count
57
Postal Code
33133
Price Change Timestamp
2026-07-28T13:19:36Z
Property Sub Type
Quadruplex
Property Type
Residential Income
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-03-09T04:00:00Z
Stories Total
3
Subdivision Name
PALM TERRACE
Water Source
Public
Tax Annual Amount
35354
Pool Private
No
Waterfront
No

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Mar 9, 2026ListedMIAMI REALTORS® MLS$3,000,000$857/sqft
Jul 28, 2026Price reducedMIAMI REALTORS® MLS$2,800,000$800/sqft

Public tax history

YearProperty taxesAssessment
2025$35,354—

Payment calculator

Estimated monthly payment$18,875/moIllustrative estimate, not a loan offer.
Principal & interest
$14,529
Property taxes
$2,946
Insurance
$1,400
Association dues
$0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

PALM TERRACE

Miami · Miami-Dade County · 33133

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Coconut GroveElementary
—
Ponce De LeonMiddle
—
Coral GablesHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

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12 homes

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MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Grove Town Properties, Inc.. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.