06/01/2026
PRESS RELEASE
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WHY AFFLUENT BUYERS ARE PAYING A PREMIUM IN COCONUT GROVE
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Record-Breaking Sale Achieved at 2666 Tigertail Ave in Coconut Grove
Boutique condo transaction signals continued strength in Coconut Grove’s high-end market
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MIAMI, FL — Luxury real estate advisor Brenda Valdes of The Riley Smith Group at Compass has successfully closed a record-breaking sale at 2666 Tigertail Ave in Coconut Grove, setting a new benchmark for the building and reinforcing the growing demand for strategically located mixed-use properties in one of Miami’s most sought-after neighborhoods.
The transaction highlights the continued momentum within Coconut Grove’s luxury market, where buyers are increasingly prioritizing walkability, flexibility, lifestyle amenities, and properties offering both residential and professional use potential.
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“This sale demonstrates the exceptional demand for well-positioned luxury properties in Coconut Grove,” said Brenda Valdes. “Today’s buyers are incredibly sophisticated and intentional. They recognize the long-term value, lifestyle, and exclusivity that the Grove offers.”
The record-setting transaction reflects broader trends currently shaping Miami’s luxury market, including:
      Strong cash-buyer activity
      Limited luxury inventory in Coconut Grove
      Growing demand for boutique buildings
      Increased interest from domestic and international buyers
      Rising price-per-square-foot benchmarks
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Valdes, who specializes in Coconut Grove and Miami luxury real estate, believes this sale may influence future pricing expectations within the building and surrounding area.
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“Coconut Grove continues to evolve into one of Miami’s strongest luxury submarkets,” Valdes added. “We are seeing buyers pay a premium for quality, location, architecture, and lifestyle-driven communities.”
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For additional information, media inquiries, or interview requests, contact:
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Brenda Valdes
Miami Luxury Real Estate Advisor
Riley Smith Group at Compass Coconut Grove
www.brendavaldes.com 305-613-3959
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