About this Property

Villa Loquat is a rare opportunity to create a custom modern residence in the heart of Coconut Grove, one of Miami's most coveted neighborhoods. Prime location near top schools, parks, marinas, and the Grove's best dining and lifestyle amenities. The property includes fully developed and transferable architectural plans by Caymares Martin Architects, designed specifically for the lot based on zoning and feasibility. The proposed two-story residence spans approximately 5,170 square feet (under AC) and is designed with 5 bedrooms, 6 full bathrooms, 1 powder bathroom, and an elevator servicing both levels. The layout emphasizes modern indoor-outdoor living with expansive open living and dining areas, a chef's kitchen with pantry, family room, and a private guest suite or office on the main level, all opening to covered outdoor terraces, a centrally located pool and a jacuzzi on the 2nd floor. The property is currently tenant occupied, generating $7,500 per month in rental income, with a lease in place through May 19, 2026, offering holding income while plans continue to progress. Architectural plans are fully developed but have not yet been approved by the city. Architects will begin working on MEP floorplans in January, and the developer will transfer all architectural materials available at the time of sale, providing a meaningful head start on a high-end Coconut Grove build.

Disclaimer

MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of Compass Florida, LLC.