MIAMI NEIGHBORHOOD GUIDE
Coconut Grove Condos for Sale | Miami Luxury Real Estate
Miami's oldest neighborhood and its most consistent quiet-luxury submarket — low-rise, canopied, bayfront, family-oriented.
By Anthony Guerriero, Licensed Real Estate Broker | Manhattan Miami Real Estate | Updated May 2026
Coconut Grove is Miami's oldest neighborhood and its most consistent quiet-luxury submarket — a low-rise, canopied bayfront village where single-family estates, gated waterfront enclaves, and a small set of branded condominium towers coexist within walking distance of the Grove Village core. The Grove behaves differently from Brickell or Miami Beach: lower density, longer holding periods, fewer pied-à-terre transactions, and stronger family demand. Bayfront condo PSF runs $1,100–$2,800+, and bayfront single-family estates regularly clear $10M–$50M+ off-market.
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Coconut Grove Real Estate Map
Coconut Grove is bounded by US-1 (South Dixie Highway) to the north, Biscayne Bay to the east, the bayfront coastline to the south (including Grove Isle), and a stair-step western edge running along Brooker Street, Grand Avenue, Lincoln Drive, Grant Drive, SW 42nd Avenue, and North Prospect Drive down to the water.
Coconut Grove at a Glance
Coconut Grove vs Adjacent Markets
Coconut Grove is positioned between the vertical urban core of Brickell and the suburban prestige of Coral Gables. Each comparison clarifies a distinct buyer profile.
vs Brickell
Brickell is high-density, vertical, and dominated by pied-à-terre and short-hold buyers. Coconut Grove is low-rise, canopied, family-oriented, with longer holding periods. Top-tier bayfront PSF is broadly comparable; buyer mix and resale liquidity are not.
vs Coral Gables
Coral Gables offers Mediterranean prestige, an established school corridor, and primarily single-family inventory. Coconut Grove adds bayfront condo product and a walkable village core that Coral Gables structurally cannot replicate.
vs Key Biscayne
Key Biscayne is an island market with oceanfront and bayfront condos and gated single-family. Coconut Grove trades island isolation for mainland connectivity — ~10 minutes to Brickell, ~10 to Coral Gables, and direct Metrorail access.
vs Pinecrest
Pinecrest is the suburban estate market — larger lots, school-driven, fully residential. Coconut Grove offers a similar family profile with bayfront access and a walkable core, at materially higher PSF on land.
Lifestyle & Geography
North Grove and the Bayfront. From Vizcaya south to the Grove Village core. The bayfront edge holds the flagship condominium addresses — Park Grove, Grove at Grand Bay, Mr. C Residences — alongside the Coconut Grove Sailing Club and historic estates set behind the canopy.
Center Grove (CocoWalk and the Village Core). CocoWalk, Commodore Plaza, Main Highway, and the small grid of cafes, galleries, and ground-floor retail that define the Grove's street life. New residential infill clusters within a 10-minute walk of the core.
South Grove and the Gated Enclaves. Camp Biscayne, Tahiti Beach, and the streets adjacent to Cocoplum. Larger lots, denser canopy, and a meaningful share of trades happens off-market.
Schools. Carrollton School of the Sacred Heart, Ransom Everglades, and Gulliver Prep proximity anchor sustained family demand and longer average holding periods than other Miami submarkets.
Outdoors. Coconut Grove Sailing Club, Peacock Park, Kennedy Park, Vizcaya Museum and Gardens, and Fairchild Tropical Botanic Garden a short drive south.
Manhattan Miami often guides buyers relocating from California toward Coconut Grove specifically, where the canopy, school proximity, and family-oriented hold periods more closely resemble Bay Area neighborhood expectations than Brickell or South Beach.
Price Ranges by Property Type
| Property Type | Typical Price Range |
|---|---|
| 1-Bedroom Condo | $650,000–$1.5M |
| 2-Bedroom Condo | $1.2M–$4M |
| 3-Bedroom Condo | $2.5M–$10M |
| Bayfront Branded Condo | $3M–$15M+ |
| Single-Family (Center / North Grove) | $2M–$10M |
| Trophy Estate (South Grove / Bayfront) | $10M–$50M+ |
Newer-construction (under 30 years) and older-condo PSF require a two-tier lens: amenity, layout, and reserve-funding gaps mean older bayfront mid-rise inventory trades materially below new branded product, even at the same address.
Notable Coconut Grove Buildings
| Building | Architect / Developer | Tier |
|---|---|---|
| Park Grove | Pelli Clarke Pelli | Iconic / Starchitect |
| Grove at Grand Bay | Bjarke Ingels Group (BIG) | Iconic / Starchitect |
| Mr. C Residences Coconut Grove | Arquitectonica | Premium Modern |
| Vita at Grove Isle | BIG (pipeline) | Pre-Construction |
| Four Seasons Private Residences Coconut Grove | Pipeline / branded | Pre-Construction |
| The WELL Coconut Grove | Pipeline / branded wellness | Pre-Construction |
| Grove Isle | Established gated island condo | Established |
| Grovenor House | Established luxury mid-rise | Established |
Pipeline addresses (Four Seasons, Vita, The WELL, The Lincoln, Ziggurat) shift in delivery date and remaining inventory; verify current status before pre-construction allocation.
Coconut Grove Market Overview
Inventory. Three product groups coexist. Bayfront branded condos along South Bayshore Drive (Park Grove, Mr. C, Grove at Grand Bay) define the upper tier; older mid-rise condos along the same corridor trade at meaningful discounts; gated single-family enclaves in South Grove (Camp Biscayne, Tahiti Beach, Cocoplum-adjacent) anchor the trophy market.
Pricing. Bayfront PSF on newer-construction condos runs $1,100–$2,800+, with branded service driving the upper end. Older-condo PSF sits well below, even when waterfront, reflecting amenity and reserve-funding gaps. Single-family bayfront and gated estates regularly clear $10M–$50M+, with a meaningful share never appearing on MLS.
Liquidity. Holding periods run materially longer than Brickell or Miami Beach. The pied-à-terre culture is thin. Together this compresses the visible resale pipeline and concentrates negotiating leverage with sellers in the bayfront and gated-enclave segments.
Buyer profile. Latin American family offices, US-tax-relocating buyers from the Northeast and West Coast, and second-home buyers seeking lush canopy and bayside living. FIRPTA, ITIN, and Florida SB 264 considerations apply — plan early.
Coconut Grove Condos for Sale
The live-inventory feed below pulls active Coconut Grove condominium listings directly from the South Florida MLS. For waterfront single-family inventory, off-market estate availability, or pre-construction allocations not visible here, contact us for the discreet listings list.
Private Advisory for Coconut Grove Buyers
Manhattan Miami provides private luxury advisory for condo, single-family, and gated-estate purchases in Coconut Grove — building-specific diligence across the branded bayfront tier, gated-enclave introductions, off-market estate access, closing cost analysis, and confidential transaction management for UHNW buyers, foreign purchasers, and relocating families.
- Property types — Branded bayfront condos, single-family estates, gated enclave residences, pre-construction allocations
- Services — Off-market access, building-specific diligence, FIRPTA / SB 264 guidance, closing cost analysis, pricing comparables
- Buyer types — UHNW individuals, Latin American family offices, US-tax-relocating buyers, second-home purchasers, families
- Contact — Request a confidential consultation or +1 (305) 776-0099
Nearby Neighborhoods
Coconut Grove sits within a broader market. See all Miami condos for sale.