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Buildings/Coconut Grove/NEVIS CONDO

Value

NEVIS CONDO

2650 SW 37 Ave, Miami 33133

2007

Year Built

Units

CI Score

Moderate

For Sale

$549K

Avg Price

$387

Sale $/SF

—

For Rent

—

Avg Rent

$2.42

Rent $/SF

+0.3%

YoY

For Sale

For Rent

Investor-Owned

45%

Avg HOA

$707/mo

Nevis Condo is a 39-unit residential building located in the vibrant Coconut Grove neighborhood of Miami, built in 2007. The property offers 1-2 bedroom units ranging from 795 to 1,219 square feet, providing accessible housing options for professionals and small families. With an average price point of $266.78 per square foot and rental rates around $2,376 monthly, it represents a standard mid-range offering in this established Miami community.

Building Details

Address

2650 SW 37 Ave, Miami, 33133

Neighborhood

Coconut Grove

Year Built

2007

Total Units

Avg Unit Sqft

982 SF

Tier

Value

Avg $/SF

$386.98

Rent $/SF

$2.42/SF

HOA Range

$707 – $707

Neighborhood Rank

Top 19%

Avg Unit Value

$351K

Total Sales (All-Time)

102

Amenities

ElevatorLobbyParking

Investment Analysis

Yield Metrics

Rental Yield (annualized)—

YoY Appreciation+0.3%

Total Yield78.1%

Liquidity & Demand

Closed Sales (120d)1

Days on Market17 days

Months of Inventory12.0

Sale-to-List Ratio1.0%

Price Reduction Rate100%

Investor-Owned45%

For Sale3

For Rent0

Top 19%

Neighborhood percentile

Market Data

Building Activity

Days on Market

days

Selling fast

Months of Inventory

12.0

months

Buyer's market

Sale-to-List Ratio

95.7%

Fair negotiation

Price Reductions

100%

of listings

Many price cuts

Closed Sales (120d)

transactions

Low volume

Sales & Listings

Active Listings

For Sale (3)

$480K

Unit 501

2 bd2 ba1,219 sf

$394/SF

$549K

Unit 807

2 bd2 ba1,085 sf

$565K

Unit 801

2 bd2 ba1,219 sf

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Aug 20, 2025	$495K	$435.36	2/2	1,137
Aug 18, 2025	$495K	$435.36	2/2	1,137
Jul 25, 2025	$517K	$488.65	2/2	1,057
Jul 16, 2025	$405K	$497.54	1/1	814
Jun 27, 2025	$385K	$484.28	1/1	795
Jun 20, 2025	$385K	$484.28	1/1	795
May 19, 2025	$465K	$428.57	2/2	1,085
May 15, 2025	$465K	$428.57	2/2	1,085
Mar 26, 2024	$510K	$482.5	2/2	1,057
Mar 21, 2024	$510K	$482.5	2/2	1,057

Units & Ownership

Total Units

Avg Sqft

982 SF

Avg Assessed

$289K

Owner-Occupied

55%

Tax & Ownership

Investor-Owned

45%

Owner-Occupied

55%

Avg Assessed Value

$289K

Avg Taxable Value

$261K

Effective Year Built

2007

Zoning

6100

Unit Mix

1 BR18

Avg 809 SF

2 BR22

Avg 1,124 SF

Unit Directory

Showing 10 of 40 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
402	1	1	814	$213K	✓	$240K	$295	Apr 2018
403	1	1	829	$177K	✓	$127K	$153	Jun 2013
404	1	1	814	$275K	—	$215K	$264	Dec 2016
405	2	2	1,147	$281K	✓	$300K	$262	Apr 2016
406	1	1	795	$207K	✓	$235K	$296	Oct 2018
407	2	2	1,085	$330K	✓	$275K	$253	Oct 2014
501	2	2	1,219	$380K	—	$330K	$271	Sep 2016
502	1	1	814	$222K	✓	$245K	$301	May 2021
503	2	2	1,137	$287K	✓	$325K	$286	Dec 2018
504	1	1	814	$281K	—	$237K	$291	Oct 2015

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NEVIS CONDO

Building Details

Investment Analysis

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Liquidity & Demand

Market Data

Sales & Listings

Units & Ownership

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