# Palm Terrace

As of 2026-10-07, Palm Terrace in Coconut Grove has 4 units for sale at a median asking price of $649K ($742/sqft); 0 units sold in the last 12 months.

## Key facts

| | |
|---|---|
| Address | 2945 Coconut Ave |
| Neighborhood | Coconut Grove |
| Year built | 2008 |
| Floors | 3 |
| Units | 4 |
| Waterfront | no |
| Developer | Coconut Avenue Developers Llc |
| For sale | 4 |
| Pending | 0 |
| Median asking price | $649,000 |
| Median asking $/sqft | $742/sqft |
| Sold, last 12 months | 0 |

## Own Miami measures

- **own.miami Building Score: 73 (A−)**
  - Value: 86 — $742/sqft — vs. Coconut Grove condos, then all of Miami
  - Momentum: 50 — Recent price trend
  - Liquidity: 54 — 61 days on market
  - Health: 100 — Public records checked — no liens, lawsuits or complaints on file
  - Waterfront: 55 — Not waterfront
  - Age: 66 — Built 2008 — vs. Coconut Grove buildings
- **Own Miami Condo Index: 120** (above_market; 100 = the market-median building, 200 = twice its $/sqft; rank 243 of 698 tracked Miami condos)
- Special-assessment outlook: watch (next structural milestone inspection due 2033)

## Building health (verified public records)

- Public records checked 2026-10-30: no liens, lawsuits or regulatory complaints found
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months)

## Frequently asked questions

**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.

## Related pages

- [Coconut Grove — neighborhood guide](https://own.miami/coconut-grove)
- [All units for sale at Palm Terrace](https://own.miami/buildings/palm-terrace/for-sale)
- [The Mutiny](https://own.miami/buildings/the-mutiny)
- [Grove Garden C](https://own.miami/buildings/grove-garden-c)
- [Lofts At Mayfair](https://own.miami/buildings/lofts-at-mayfair)
- [Cocostyle](https://own.miami/buildings/cocostyle)

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Source: Own.Miami — https://own.miami · data as of 2026-10-07
Canonical page: https://own.miami/buildings/palm-terrace
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai