Miami investment honcho scoops up waterfront Coconut Grove home for $5M

House is in the gated Entrada Estates community

Miami /
Feb.February 16, 2022 02:30 PM
Azora Capital' Ravi Chopra with 3600 Matheson Avenue (The Keyes Company, LinkedIn)

Azora Capital’ Ravi Chopra with 3600 Matheson Avenue (The Keyes Company, LinkedIn)

Azora Capital investment firm founder Ravi Chopra paid $5.1 million for a waterfront house in Coconut Grove.

Chopra, who also is chief investment officer at Miami-based Azora, bought the property at 3600 Matheson Avenue in the gated Entrada Estates community from Almon Glenn Braswell Jr., according to a deed.

The property includes a three-bedroom main house and a two-bedroom guest house, with a total of 4,758 square feet on 0.4 acres. It also has five-and-a-half baths and a two-car garage, Realtor.com shows. The home is along a canal and four houses away from Biscayne Bay.

Constructed in 1940 in the Mediterranean Revival style, the house has modern upgrades, such as impact windows and Wolf Sub-Zero appliances, as well as a newer roof, according to Realtor.com. Other features include a pool, fireplace, vaulted ceilings and a clawfoot tub.

Rosie Cruz-Sotero of The Keyes Company represented the seller, and Jennifer Goldstein of the Alexander Team at Douglas Elliman represented the buyer, according to Realtor.com.

The house last traded in 2000 for $2.3 million, records show. It was listed in June for $6.4 million, with a price cut to $5.9 million in September, the listing shows.

The deal comes amid a flurry of single-family home sales across South Florida, created by a pandemic-induced homebuying spree, with out-of-state transplants driving much of the activity.

In other recent Coconut Grove deals, Chicago couple Alexander Goldstein, executive chairman of a retail electricity supplier, and Olga Frankfurt, an oncologist with Northwestern Medicine, paid $10.4 million in December for a non-waterfront mansion.

In July, a waterfront spec mansion under construction in the Grove sold for $65 million, setting a Miami-Dade County record at the time.

Last month, Miami businesswoman and philanthropist Adrienne Arsht listed her 4-acre Coconut Grove estate for $150 million. If sold at this price, the deal would set a statewide record.





    Related Articles

    arrow_forward_ios
    Dacar Management's Alberto Micha-Buzali with Residences and Shoppes (LinkedIn, Dacar Management)
    Dacar scores $81M loan for Publix-anchored mixed-use project in Hialeah
    Dacar scores $81M loan for Publix-anchored mixed-use project in Hialeah
    Rise at Brickell City Centre at 88 SW 7 Street in Miami (Condos.com)
    Closing at Rise tops Miami-Dade’s weekly condo sales
    Closing at Rise tops Miami-Dade’s weekly condo sales
    David Barry, principal, Ironstate Development along with a rendering of the proposed eight-story building between Northeast 26th and 27th Streets in Wynwood (Ironstate, 5G Studio Collaborative)
    Developer proposes Urby-branded apartments on former Art by God site in Wynwood
    Developer proposes Urby-branded apartments on former Art by God site in Wynwood
    Innovation District (DB Lewis Architect-Thresholds Intl, iStock)
    Mike Zoi’s Motorsport firm proposes offices at Magic City Innovation District
    Mike Zoi’s Motorsport firm proposes offices at Magic City Innovation District
    Lennar's Eric Feder with 4042 Island Estates Drive (The Carroll Group, Lennar)
    Lennar’s Eric Feder sells waterfront Island Estates home in Aventura for record $12M
    Lennar’s Eric Feder sells waterfront Island Estates home in Aventura for record $12M
    Trippie Redd with 5600 Southwest 136th Avenue (Getty, iStock, Richard Lopez of Lopez Productions, Illustration by Shea Monahan for the Real Deal)
    Rapper Trippie Redd buys Southwest Ranches estate
    Rapper Trippie Redd buys Southwest Ranches estate
    Black Lion Investments' Robert Rivani and the Ritz-Carlton Residences at 4701 North Meridian Avenue in Miami Beach (Ritz-Carlton Residences, Black Lion Investments)
    Black Lion’s den: Robert Rivani pays $8M for waterfront Miami Beach penthouse
    Black Lion’s den: Robert Rivani pays $8M for waterfront Miami Beach penthouse
    The shopping center at 12495 Southwest 88th Street (Frontier Companies)
    Frontier pays $18M for Best Buy-anchored shopping center in Kendall
    Frontier pays $18M for Best Buy-anchored shopping center in Kendall
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...