Coconut Grove Development Site Sold For $9 Million With Buyer’s Rep Melanie De Armas & Karla Torres

The asset involved in this transaction is a development site located in Coconut Grove. The sale was completed at a price of $9,000,000, reflecting the value of vacant land in the area with potential for future development.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $9,000,000
• Buyer's Representative: Melanie De Armas & Karla Torres - RE/MAX Advance Realty
• Seller's Representative: Angel Nicolas - Serhant
• Date of Transaction: 01/15/2026

The transaction was characterized by the expertise and professionalism shown by the representatives involved. The buyer's agents, Melanie De Armas and Karla Torres, emphasized a strategic approach throughout the process, showcasing their knowledge of the market and understanding of the property's zoning and long-term value.