2945 Coconut Avenue, Miami, FL 33133

$2,425,000 — Active

Property Features

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Do not miss this 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.

▼ Price Reduced — originally listed at $3,000,000

Property Details

  • Listing ID: A11977562
  • Status: Active
  • Listing Date: 2026-03-09
  • Property Type: Quadruplex
  • Subdivision: PALM TERRACE
  • County: Miami-Dade
  • MLS Area: 2410
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: 3,500
  • Lot Dimensions: 7500
  • Year Built: 2008

Financial

  • List Price: $2,425,000
  • Original List Price: $3,000,000
  • HOA Fee: None
  • Taxes: $35,354/yr

Features & Amenities

  • Cooling: Central Air
  • Heating: Central, Separate Meters
  • Flooring: Laminate, Tile
  • Construction: CBS
  • Roof: Flat, Tile

Courtesy of Grove Town Properties, Inc.
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© 2026 Starfish Real Estate. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.