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Luxury Coconut Grove Estate Hits Miami Real Estate Market for $135 Million

Friday, September 27, 2024 by Oscar Fernandez

Luxury Coconut Grove Estate Hits Miami Real Estate Market for $135 Million
Property in Coconut Grove - Image © Instagram Profile Miami Real Estate

One of South Florida's most exclusive properties has entered the Miami real estate market with an astonishing price tag of $135 million. Located at 3585 Anchorage Way in the Coconut Grove neighborhood, this estate is known as "Banyan Ridge". It promises a one-of-a-kind experience and is tailored for the most discerning buyers.

Profile Miami reports that the property spans 4.5 acres of waterfront land and includes a total of 10 parcels. It is a multi-residential compound featuring an impressive 180-foot frontage along Biscayne Bay.

Banyan Ridge epitomizes luxury and privacy, boasting several residences, each with unique architectural details, unparalleled views, and a harmonious integration with the surrounding natural landscape.

Unique Features of This Expensive Miami Property

Among the standout elements of this pricey Miami estate are:

  • Two sophisticated style residences.
  • A guest house perfect for hosting visitors.
  • A fully equipped gym/spa with state-of-the-art technology.
  • A waterfront cabin.
  • Two garages, each accommodating three cars.
  • A multi-level townhouse usable as an office or creative space.

Natural Setting Makes Banyan Ridge a Real Estate Gem

The garden paths on this property are paved and surrounded by towering banyan trees (ficus benghalensis), creating a magical and welcoming ambiance. The lush vegetation and sea breeze mitigate the city's heat, offering a serene, private, and cozy experience in Coconut Grove.

This property seamlessly blends luxury, space, and a prime location in one of Miami's most sought-after neighborhoods for exclusive investments.

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