Flanigan's IndexLive now79 / 100
Nearest Flanigan's: Flanigan's Seafood Bar and Grill (Coconut Grove), 0.2 mi
#8 in Coconut Grove · #28 in Miami
The elevator is the longest part of the trip.
For sale
4
0 pending
Median asking
$649K
from $649K
Median $/sqft
$742/sqft
Days on market
61
0 sold in 12 months
Live near more of Miami
What surrounds Palm Terrace: seasonal events, annual programs and lifestyle indexes, measured from the building.
Flanigan's IndexLive nowPublix IndexLive now
49 / 100
Nearest Publix: Publix at Publix Super Market, 0.8 mi
#2 in Coconut Grove · #445 in Miami
Within a mile. The city planners knew.
1 Publix stores nearby
Car-Free IndexLive now
65 / 100
Nearest rail station: Coconut Grove Metrorail Station, 0.2 mi
#1 in Coconut Grove · #103 in Miami
No garage, no valet, no problem.
2 rail stations nearby
Distances are straight-line, not walking or driving.
Getting around
Coconut Grove is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:
CocoWalkPeacock ParkKennedy ParkThe BarnacleMetrorail (Coconut Grove)Biscayne Bay
73
/ 100
A−
own.miami Score
A data-grounded score for Palm Terrace from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.
Value86
$742/sqft — vs. Coconut Grove condos, then all of Miami
Momentum50
Recent price trend
Liquidity54
61 days on market
Health100
Public records checked — no liens, lawsuits or complaints on file
Waterfront55
Not waterfront
Age66
Built 2008 — vs. Coconut Grove buildings
own.miami Condo Index
120Above market100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#243 of 698 tracked Miami condos
Top 35% by price per sq ft
#39 of 45 in Coconut Grove
Momentum
→ Steady
$742/sqft median ask
Liquidity
Slow
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Inventory
$649,000$742/sqft
2 bd · 1.5 ba · 875 sqft
2945 Coconut Ave #4
Tenant occupied
Listing courtesy of Grove Town Properties, Inc., Adam Kutner (Lic. #0688940) · MLS #A12067179
$649,000$742/sqft
2 bd · 1.5 ba · 875 sqft
2945 Coconut Ave #3
Rental income in place
Listing courtesy of Grove Town Properties, Inc., Adam Kutner (Lic. #0688940) · MLS #A12067167
$649,000$742/sqft
2 bd · 1.5 ba · 875 sqft
2945 Coconut Ave #2
Tenant occupied
Listing courtesy of Grove Town Properties, Inc., Adam Kutner (Lic. #0688940) · MLS #A12067173
$649,000$742/sqft
2 bd · 1.5 ba · 875 sqft
2945 Coconut Ave #1
Tenant occupied
Listing courtesy of Grove Town Properties, Inc., Adam Kutner (Lic. #0688940) · MLS #A12067176
Sold $/sqft trend
3-month rolling median of closed sales in Palm Terrace; bars are closings per month.
Not enough closed sales yet for a trend.
Location
Nearby buildings within half a mile.
Building facts
- Address
- 2945 Coconut Ave
- Year built
- 2008
- Floors
- 3
- Residences
- 4
- Developer
- Coconut Avenue Developers Llc
- Waterfront
- No
Amenities
Amenity list coming soon.
Building rules
Pet, leasing and parking rules are being verified with the association.
Special assessments & recertification outlook
WatchPublic records checked Oct 30, 2026: no liens, lawsuits or regulatory complaints found for the association.
- Built 2008 — its first 25-year structural milestone inspection is due around 2033
Estimated from Palm Terrace’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.
Financeability
What the banks say about Palm Terrace: recorded purchase mortgages, the down payments they accepted, and the programmes in use.
No bank mortgages recorded here in the last two years. That is not a verdict on the building — many condos trade for cash — only the absence of a signal.
Source: Miami-Dade County official records and the FHA/VA approval lists. Aggregates only; individual instruments are never shown. Compare with Coconut Grove
Flooding and storm surge
Public flood data at this building’s location, read Oct 22, 2026.
- FEMA flood zone
- Zone X: minimal-risk area on FEMA’s map.
- Hurricane evacuation zone
- Zone C
- Miami-Dade storm surge planning zones run from A (called first) to E. The county decides which zones evacuate in a storm.
- Ground at the building
- 11.9 ft
- Lowest nearby street
- 10.7 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 9.7 ft above this year’s highest predicted tide (Oct 27, 2026).
Estimated from public data, not a flood determination. Check the FEMA flood map and an elevation certificate for this building.
Legal & Regulatory
No material litigation foundCivil court cases involving the condominium association, classified by what they are about. Routine collections against individual owners are counted separately and do not affect the building’s standing.
- Active material lawsuits
- 0
- Owner / association disputes
- 0
- Routine collection cases
- 0
- DBPR complaints
- 0
- Open DBPR complaints
- 0
No civil cases involving the association were found on the Miami-Dade docket in the last five years.
DBPR registration PR75376 · Acknowledged,Recorded. Public complaints on record with the Florida Division of Condominiums; investigations are confidential and not counted.
Court records are matched to the association by name and summarized by us; a case is a claim, not a finding. Ask the association for its litigation disclosure before buying.
Frequently asked
How much do condos at Palm Terrace cost?+
There are 4 condos for sale at Palm Terrace, from $649,000, with a median asking price of $649,000 ($742/sqft).
When was Palm Terrace built?+
Palm Terrace was built in 2008, 3 stories, 4 residences.
Who developed Palm Terrace?+
Palm Terrace was developed by Coconut Avenue Developers Llc.
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