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.
For sale
Price cut: $205K (10/7)
$2,595,000
2945 Coconut Ave, Miami, FL 33133
8beds
8baths
3,500sqft
Quadruplex
Built in 2008
-- sqft lot
$-- Zestimate®
$741/sqft
$-- HOA
What's special
Private patioExclusive rooftop terrace
- 212 days
- 367
- 47
Zillow last checked:
Listing updated:
Listed by:
Adam Kutner 305-632-7232,
Grove Town Properties, Inc.
Source: MIAMI,MLS#: A11977562
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Tile
Interior area
- Total structure area: 3,500
- Total interior livable area: 3,500 sqft
Video & virtual tour
Property
Parking
- Total spaces: 8
Features
- Stories: 3
Lot
- Features: Less Than 1/4 Acre Lot
Details
- Parcel number: 0141161660001
- Zoning: 3900
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- CBS Construction
- Roof: Flat Tile
Condition
- Year built: 2008
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & HOA
Community
- Subdivision: Palm Terrace
HOA
- Has HOA: Yes
Location
- Region: Miami
Financial & listing details
- Price per square foot: $741/sqft
- Annual tax amount: $35,354
- Date on market: 3/9/2026
- Listing terms: All Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2026 | Price change | $2,595,000-7.3%$741/sqft |
Source: | ||
| 7/28/2026 | Price change | $2,800,000-6.7%$800/sqft |
Source: | ||
| 3/9/2026 | Listed for sale | $3,000,000$857/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment








