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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.
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.
The property currently features an existing 3-bedroom, 2-bathroom residence with a pool, which is 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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,920,000 | $1,920,000 | $1,920,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | $2,068 | $2,068 | $2,068 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,511 | $11,822 | $16,202 |
| Total Monthly Payment | $13,704 | $14,015 | $18,395 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.