How Was 3174 Elizabeth Street Sold for $1,825,000 in Coconut Grove?

When it comes to Coconut Grove real estate, strategy matters. Exposure matters. Negotiation matters. And most importantly, local expertise makes all the difference.

At 3174 Elizabeth Street, Riley Smith Group successfully represented the seller in the sale of this modern townhome for $1,825,000, led by Jessica de la Espriella of Riley Smith Group at Compass Real Estate. This 3-bedroom, 4-bathroom residence spanning 2,472 square feet offered the ideal blend of contemporary design and classic Grove charm, and it required a thoughtful, hands-on approach to bring the right buyer to the table.

For homeowners researching how to sell a luxury home in Coconut Grove or wondering what makes Coconut Grove real estate unique, this sale offers valuable insight.

The Vision Behind the Sale

Every property has a story. At 3174 Elizabeth Street, the goal was clear from the start: position the home to generate strong interest quickly while aligning with pricing expectations and market realities.

Timing was important. The sellers needed efficiency and momentum without sacrificing value. In a competitive segment of the Coconut Grove real estate market, that balance requires:

• Accurate pricing based on hyper-local comparables
• Immediate marketing exposure
• Proactive open house strategy
• Skilled negotiation to bring both sides to agreement

Luxury homes in Coconut Grove, including newer construction townhomes like this one, appeal to buyers seeking walkability, privacy, and modern finishes. According to recent reporting from the Miami Herald, buyer demand in walkable Miami neighborhoods continues to outperform broader market trends as lifestyle convenience remains a priority.

This property’s location near CocoWalk and the heart of the Grove gave it a powerful lifestyle advantage that we made sure to highlight.

Bringing the Property to Life

Modern elegance and Coconut Grove charm converge in this gated 2020 townhome featuring:

• 3 Bedrooms
• 4 Bathrooms
• 2,472 Square Feet
• Flexible den space
• Attached garage

Inside, soaring ceilings and porcelain floors enhanced the open-concept layout. Impact glass allowed natural light to pour into the expansive living spaces, while the chef’s kitchen showcased a waterfall island and custom built-ins that seamlessly connected to the main entertaining areas.

Upstairs, the primary suite delivered what today’s buyers expect in luxury homes in Coconut Grove:

• A spa-inspired bathroom
• Custom walk-in closet
• Private balcony overlooking lush gardens

For townhome buyers in Coconut Grove, low-maintenance living paired with high-end finishes is a compelling combination. As highlighted in market insights published by Florida Realtors, modern construction with impact windows and updated systems continues to command strong attention in South Florida due to both aesthetic and structural appeal.

Our role was to ensure every feature was presented clearly and positioned to resonate with serious buyers.

Our Marketing Strategy

How do you sell a luxury townhome in Coconut Grove when coordination is complex and timing is critical?

You maximize exposure.

Even with an owner-occupied home and busy schedules to coordinate, Jessica de la Espriella implemented a consistent, high-visibility plan that included:

1. Weekend Open Houses Every Saturday and Sunday

Open houses were a central part of this strategy. By committing to weekly Saturday and Sunday showings, we created repeated buyer touchpoints and steady traffic.

In Coconut Grove real estate, visibility drives momentum. The more qualified buyers who physically walk through a property, the greater the chance of competitive interest.

2. Strategic Online Exposure

The listing was distributed across:

• MLS channels
• Compass digital platforms
• Targeted online campaigns
• Direct outreach to local agents

Compass Real Estate provides a powerful national and international network, giving Coconut Grove properties exposure beyond the immediate Miami buyer pool.

3. Proactive Agent Engagement

Personal outreach ensured the property was seen by agents actively working with qualified buyers. In today’s market, collaboration among professionals plays a significant role in producing strong outcomes.

The objective was straightforward: put 3174 Elizabeth Street in front of as many serious buyers as possible and encourage in-person showings.

Finding the Right Buyer

Strong activity led to multiple offers generated through consistent open houses and coordinated showings.

However, generating offers is only part of the equation. Bringing a transaction to a successful close requires careful negotiation.

After thoughtful discussions and back-and-forth negotiations, terms were structured in a way that worked for both parties. Professional guidance ensured:

• Alignment on price
• Mutually agreeable timelines
• A smooth and efficient closing process

In Coconut Grove real estate, where pricing can vary significantly from one block to the next, negotiation expertise is essential. Clear communication and strategic positioning helped secure the final sale at $1,825,000.

The Results

The sale of 3174 Elizabeth Street demonstrates the power of preparation, visibility, and persistence.

Sold Price: $1,825,000
Property Type: 2020 Gated Townhome
Size: 2,472 Square Feet
Bedrooms: 3
Bathrooms: 4
Represented by: Jessica de la Espriella, Riley Smith Group

The final result aligned with the sellers’ objectives while maintaining professionalism and discretion throughout the process.

For homeowners researching what makes Coconut Grove real estate unique, the answer lies in lifestyle appeal combined with strategic marketing. Walkability to CocoWalk, proximity to parks, and the neighborhood’s architectural diversity continue to drive demand.

What Makes Coconut Grove Real Estate Unique?

Coconut Grove stands apart within Miami for several reasons:

1. Walkability and lifestyle convenience
2. Architectural diversity from historic homes to new construction
3. Limited inventory and consistent buyer demand
4. Strong appeal among local, national, and international buyers

Understanding these factors is critical when selling a home in Coconut Grove. Each listing must be positioned based on hyper-local trends, not broad Miami averages.

Why Sellers Choose Riley Smith Group

With over $2 billion in career sales and 2,900+ Miami homes sold, Riley Smith Group is one of South Florida’s most trusted names in real estate. Led by Coconut Grove native Riley Smith, the team’s local expertise and collaborative marketing approach set the benchmark for success throughout Miami-Dade County.

Homeowners choose Riley Smith Group because we offer:

• Accurate pricing rooted in local data
• Elevated marketing tailored to luxury homes in Coconut Grove
• Consistent buyer engagement through open houses and agent networks
• Skilled negotiation from contract to closing
• Concierge-level support throughout the transaction

When selling a home in Coconut Grove, every detail matters. Experience and market knowledge create measurable results.

Jessica de la Espriella’s work on 3174 Elizabeth Street reflects the commitment and professionalism that define Riley Smith Group.

Thinking About Selling Your Home in Coconut Grove?

If you are asking:

• How to sell a luxury home in Coconut Grove?
• What is my Coconut Grove home worth right now?
• Is this a good time to list my property?

The first step is a personalized strategy.

Thinking about selling your home in Coconut Grove? Contact Riley Smith Group, the trusted experts in Coconut Grove real estate. We provide custom valuations, tailored marketing strategies, and clear guidance designed to position your property for success.

In Coconut Grove, it is not just about listing your home. It is about positioning it to achieve the strongest possible result.