$1,950,000
2,320 sqft
2369 SW 17th Ter, Miami, FL 33145
CLEVELAND TERRACE
2945 Coconut Ave, Miami, FL 33133
$2,550,000— Beds— Baths3,500 Sq. Ft.$729 / sq. ft.
Miami, FL 33133 · PALM TERRACE
Status
Active
Type
Quadruplex
Year Built
2008
Days on Market
234
MLS #
A11977562
County
Miami-Dade County
Listing Remarks — 2945 Coconut Ave, Miami, FL 33133
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.
Inside the Residence: 2945 Coconut Ave, Miami, FL 33133
- Flooring
- Tile
- Heating
- Central
- Cooling
- Central Air
- Architectural Style
- Attached
- Pool Private
- No
- Year Built Details
- Resale
Building & Association Facts — 2945 Coconut Ave, Miami, FL 33133
- Building Name
- PALM TERRACE
- Building Area Total
- 3500
- Building Area Units
- Square Feet
- Stories
- 3
- Stories Total
- 3
- Association
- Yes
- Association Fee
- 0
- Association Fee Frequency
- Monthly
Site, Views & Construction — 2945 Coconut Ave, Miami, FL 33133
- Lot Features
- Less Than 1/4 Acre Lot
- Lot Size Square Feet
- 0
- Waterfront
- No
- View
- No
- Construction Materials
- CBS Construction
- Roof
- Flat Tile
- Sewer
- Public Sewer
- Water Source
- Municipal Water
- New Construction
- No
Tax & Parcel Record — 2945 Coconut Ave, Miami, FL 33133
- Parcel Number
- 01-41-16-166-0001
- Tax Annual Amount
- $35,354
- Tax Year
- 2,025
- Tax Legal Description
- COCONUT DEVELOPERS CONDO PALM TERR PB 3-47 LOT 18 BLK 1 AS DESC IN DECL OR 26747-2881 LOT SIZE 7500 SQFT FAU 01-4116-029-0160
- Zoning
- 3900
- County Or Parish
- Miami-Dade County
On the Map
2945 Coconut Ave, Miami, FL 33133 · More homes in Miami
Courtesy of Grove Town Properties, Inc.
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Quick Facts: 2945 Coconut Ave, Miami, FL 33133
Listing summary: multi-family home for sale at 2945 Coconut Ave, Miami, FL 33133. It came to market on March 9, 2026 through Grove Town Properties, Inc.. Public schools here fall under Miami-Dade County Public Schools. Layout: 3,500 sqft, in a structure dating to 2008.