Miami Investment Honcho Pays M for Coconut Grove House

Miami Investment Honcho Pays $5M for Coconut Grove House

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, 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 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

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.

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