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101-Year-Old Coral Rock Cottage in the Heart of the Grove Likely Has a Very Motivated Seller, and a $2.15M Price Tag

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An adorably ancient coral rock house and accompanying guest cottage on Coconut Grove’s Oak Avenue, at numbers 3041 and 3041 1/2 practically spitting distance from Main Highway, is the kind of property that could only ever exist in the Grove. Oozing old grove salty sailor vibes from between every stone, the house is historically designated by the City of Miami, making it most certainly not the kind of place one would or even could buy just for the land and “location, location, location” investment potential.

The setting is a quiet and mostly-residential street thick with lush subtropical plant life. Yet, the house is less than a block away from the lively, eclectic, and art-filled commercial heart of Coconut Grove. Last year, the house officially became one hundred years old. Unfortunately, it’s also been on the market since last year too. After an initial offering in October 2021, listed at $2.6 million, the house has faced periodic price cuts every few months, arriving where it currently rests, at $2.15 million, in March. A reasonable assumption could be the proud owners are, well, by this point probably rather motivated to sell.

They’re getting creative with the sales tactics too. One wonders how many times that listing description has been rewritten. The current text, which is very to-the-point about the place’s AirBnB potential, is almost oddly specific. What if a potential buyer is looking for a single-family home, or perhaps a cute, cottage-y atmosphere for their new Coconut Grove offices? Perhaps they’ve already tied pitching the place like that. Either way, with a price still north of two mill, they’re bound to make a killing in pure profit no matter what. They bought it in 2005 for only $200,000.

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