In this real estate market, prices keep rising and rising to a point where it's almost embarrassing to write about a property when in the back of your mind you keep thinking "you get THAT for THAT???" This is not one of those houses. Compared to some of the hovels on offer in Miami Beach for literally the exact same price, this rather stately and elegant home in South Coconut Grove doesn't feel like its price, a cool $4 million, is extravagantly out of step with what's on offer.
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This unassuming cottage, with its raw, unifinished wood siding and unkempt jungle of a yard in South Miami, looks practically abandoned. Yet, the property, located at 6401 SW 42nd Terrace, hit the market four days ago for a not-immoddest $515,000. A lot of that asking price can be blamed on the 9,000 square foot corner lot, as well as the extremely frothy housing market we're living in right now. But, inside this little 728 square foot house, you'll find a swinging, subtropical bachelor pad.