How Did This Coconut Grove Townhome Sell for $950/SF in Just 9 Days?

Selling a home in Coconut Grove requires more than a sign in the yard… it demands strategic timing, flexibility, and expert representation. At Riley Smith Group, we recently guided the sale of 3442 Day Avenue, a modern townhome in Center Grove, through a dramatic shift in buyer circumstances, yet still secured one of the highest prices per square foot ever achieved in the area.

Here’s how it happened.

The Vision Behind the Sale

Our seller had a clear goal: successfully close on his townhome in Coconut Grove while simultaneously purchasing his dream home nearby. The path to this outcome wasn’t without challenges, but with the right strategy and support, it became a major win.

From the very first showing, 3442 Day Avenue captivated buyers with its open layout, modern finishes, and prime location in Center Grove. The first offer came quickly. The offer was well-qualified and ready to move forward, but contingent on financing.

Bringing the Property to Life

This sleek, multi-level townhome was designed for modern Miami living, offering both privacy and walkability in one of Coconut Grove’s most vibrant residential pockets. Its clean lines, natural light, and premium finishes made it a standout in the local inventory. The seller had taken great care in maintaining the home, which helped it show beautifully from day one.

Knowing that lifestyle plays a huge role in Grove real estate, we made sure every showing and marketing material highlighted the property’s livability—from its flow and finishes to its access to the Grove’s parks, cafés, and marinas.

Our Marketing Strategy

The initial marketing launch combined professional photography, targeted social campaigns, and direct outreach to our network of Coconut Grove buyers. We emphasized:

• The rarity of the location in Center Grove
• High-end interior details and upgrades
• Walkability to CocoWalk and schools
• Potential as a lock-and-leave second home or stylish primary residence

The response was immediate. Interest was strong from both local and out-of-state buyers.

Finding the Right Buyer

Our first buyers loved the home and submitted a strong offer. They even agreed to a seller contingency, allowing our client time to secure his new home before closing. This level of flexibility from the buyers was rare and a testament to how well the home matched their vision.

However, two weeks before closing, the unexpected happened: the buyers’ financing fell through, and they canceled the contract.

Pivoting Fast: From Canceled Deal to Cash Offer

This is where experience and speed mattered most.

Within 48 hours, we regrouped and hosted a well-promoted open house. The first visitor through the door made a cash offer: zero contingencies, immediate closing timeline, and a strong price. The buyer was so enthusiastic they requested that select pieces of furniture be included in the deal.

We used this to our seller’s advantage, negotiating a higher sale price and determining which furnishings would stay. The result was a quick execution, clean terms, and a 9-day close.

The Results

• Sold at $950 per square foot—among the highest-priced townhome sales in Center Grove
• 9 days from contract to close
• Cash deal with no contingencies
• Post-occupancy negotiated for seller’s convenience
• Both parties left the closing table thrilled with the outcome

Why Sellers Choose Riley Smith Group

When selling a home in Coconut Grove, timing and local knowledge are everything. At Riley Smith Group, we specialize in navigating complex situations like contingent sales, back-to-back closings, and sudden buyer fallout.

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, our team understands the Grove’s micro-markets and how to maximize value, especially when the unexpected arises.

Thinking About Selling Your Home in Coconut Grove?

If you’re considering selling in today’s market, trust the team with a proven track record in Coconut Grove real estate. From pricing and prep to marketing and negotiation, Riley Smith Group brings the experience and strategy your home deserves.

Contact Riley Smith Group today to find out what your Coconut Grove home is really worth—and how to get it sold for top dollar.