Coconut Grove Condos for Sale | Miami Luxury Real Estate

Price Ranges by Property Type

Coconut Grove offers a wide range of price points, from entry-level condos to some of Miami's most expensive waterfront estates. New construction luxury condos typically start at $1.5M+, while resales in established buildings offer better value.

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Coconut Grove Overview

Coconut Grove is "the new place to be" for Miami's ultra high net worth families. The Grove's tree-lined streets were always known for their artistic, bohemian, laid-back residents, and the calm lifestyle they brought to the oldest continuously settled part of the city. But so much has changed. The Grove's more recent residents also love the family-friendly, relaxed, and gourmet lifestyle. Their interest drove some special changes, and Coconut Grove is now a first choice primary home location.

The invisible hand of the market has played a huge part. Because the Grove is a unique cultural oasis in the heart of greater Miami, the Bahamian conch architecture and traditional beautiful Mediterranean designs encouraged new owners to renovate the homes' interiors. This was followed by people buying vacant lots or demolishing an existing home and designing their own "modern" place to live. These so-called McMansions brought in newer stores and restaurants. This, in turn, encouraged world famous architects and interior designers to create masterpieces such as Park Grove, Grove at Grand Bay, and The Residences at Ritz Carlton Coconut Grove.

Key facts about Coconut Grove:

• Population: approximately 20,000 residents
• Median home sale price: ~$1.6M (2025)
• Price per square foot: $842–$1,100+ depending on building
• Walk Score: 78 (Very Walkable)
• Founded: 1873 (Miami's oldest neighborhood)
• Character: Tree canopy, bohemian heritage, top schools

Who Should Live in Coconut Grove?

Coconut Grove History

Coconut Grove is Miami's oldest continuously inhabited neighborhood, predating the city of Miami itself:

The neighborhood retains its village character through historic preservation, tree canopy ordinances, and community activism that has limited high-density development compared to Brickell.

Coconut Grove Micro-Neighborhoods

North Grove / Brickell Border: The area closest to Brickell, featuring newer condo developments and easier access to downtown. More urban feel than the rest of the Grove.

Center Grove / CocoWalk Area: The walkable commercial heart around CocoWalk, Main Highway, and Grand Avenue. Restaurants, shops, and galleries. Condo and townhouse inventory.

South Grove: The most prestigious residential area, featuring waterfront estates, historic homes, and gated communities like Entrada and Camp Biscayne. Single-family homes dominate.

West Grove: Historic Bahamian community with smaller homes and lots. Undergoing gradual redevelopment while preserving cultural heritage.

Grove Isle: A private 20-acre island accessible by bridge, home to the Grove Isle Club and the new Vita at Grove Isle development. Maximum exclusivity.

Coconut Grove Attractions

Parks and the Open Air

The Grove's 16 parks and gardens are the envy of Miami:

Vizcaya Museum and Gardens

• World-famous interpretation of 17th and 18th Century Italian and French architecture
• Intriguing collections of art and beautiful gardens
• Must-see Miami landmark

Barnacle Historic State Park

• Superb views of Biscayne Bay
• Beautiful gardens to explore
• Ralph Middleton Munroe's historic home

The Kampong

• Botanical gardens featuring exotic blooms
• Hidden gem that few people outside of the Grove know about
• Part of the National Tropical Botanical Garden

David T. Kennedy Park

• Popular with bikers and runners
• Best frozen lemonade in Miami
• Waterfront location on Biscayne Bay

Peacock Park

• Playground for kids
• Bay views for parents
• Community gathering space

Shopping and Restaurants

Coconut Grove's shopping caters to every taste and style. There are two open-air malls:

CocoWalk

• More an upscale life center than simply a shopping mall
• High-end retail stores and boutiques
• Dining, cafés, and multi-screen cinema

Mayfair in the Grove

• Upscale retail, dining, and commercial center
• Boutique shopping experience

Notable Individual Stores:

• The Bookstore in the Grove — browse and meet friends in the café
• H and H Jewels — specially designed jewelry
• Blonde Tulip — bouquets and the Blonde Bistro
• Unika — fashion accessories by well-known and up-and-coming designers

Dining

From fine dining to sports bars, the Grove has it all:

Fine Dining:

• Panorama Restaurant and Lounge — "Food is an art," international delicacies with Latin flair
• Ariete — Amazing Cuban taste profile
• Sapore di Mare — Italian charm, Mediterranean-style seafood, pasta, cheese dishes
• Alma — Spanish restaurant, glazed octopus to lamb delicacies

Casual Dining:

• Lulu in the Grove — Funky setting, sophisticated vibe, locally produced organic fare
• LoKal — Casual burger bar with micro-brew beers
• Green Street Café — "Sidewalk-Dining Central," keep-fit clientele, college students
• Glass and Wine — Playground for kids, craft cocktails for parents
• Bombay Darbar — Miami's oldest Indian restaurant

Coconut Grove Schools

Coconut Grove is well served by both public and private schools:

Private Schools

Public Schools

• G.W. Carver Elementary — Multi-lingual learning environment
• G.W. Carver Middle School — "A" Grade establishment

Note: Private school availability is a key factor in the Coconut Grove market. Families relocating from out of state should begin school applications 12-18 months before move.

Transportation

By Car:

• US-1 (South Dixie Highway) runs through the Grove
• I-95 accessible via Brickell (10 minutes north)
• Miami International Airport: 20 minutes
• Miami Beach: 25-30 minutes

Metrorail:

• Coconut Grove Station (Douglas Road)
• Direct access to downtown, Brickell, airport

By Boat:

• Multiple marinas including Grove Isle Marina
• Easy access to Biscayne Bay and Atlantic Ocean

Commute Times:

• Downtown Miami: 10-15 minutes
• Brickell: 5-10 minutes
• Coral Gables: 5-10 minutes
• Miami Beach: 25-30 minutes

Coconut Grove Real Estate Market

Property Types

Luxury Waterfront Condos: Buildings like Grove at Grand Bay, Park Grove, and Mr. C Residences offer full-service living with Biscayne Bay views. These are the Grove's most prestigious condo addresses, with prices from $2M to $20M+.

Boutique Condos: Smaller buildings like Grovenor House and the upcoming Lincoln offer more intimate settings. Typically 50-100 units with personalized service.

Single-Family Homes: The Grove's residential streets feature Mediterranean, modern, and historic homes on lots ranging from 7,500 to 20,000+ square feet. Entry prices start around $1.5M.

Waterfront Estates: South Grove's most exclusive properties sit directly on Biscayne Bay, with private docks and estate-sized lots. Prices range from $10M to $50M+.

Townhouses: A growing inventory of townhouse developments offers an alternative to condos for families wanting more space and private outdoor areas.

Market Dynamics

Coconut Grove's market is characterized by:

• Strong family demand: Relocations from NYC, California, and Latin America
• Limited condo inventory: Predominantly single-family area keeps condo supply constrained
• Premium pricing: Waterfront condos consistently set price-per-square-foot records
• School-driven timing: Families often purchase 6-12 months ahead of school year

2025 Market Snapshot

• Median sale price: ~$1.6M
• Price per square foot: $842–$1,100+
• Days on market: 60-90 days (varies by price point)
• Inventory: Limited, especially for quality renovated homes
• Luxury condo record: Park Grove achieved $3,350/sq ft for off-market penthouse

Investment Considerations

• Primary residence focus: Most buyers are owner-occupants, not investors
• Short-term rental restrictions: Many buildings prohibit Airbnb/VRBO
• Strong appreciation: Quality homes and condos have seen consistent value growth
• School premium: Proximity to top private schools adds value
• No state income tax: Florida's tax advantages attract relocating families

New Development Pipeline

Coconut Grove has several exciting new condo projects in development:

Four Seasons Private Residences Coconut Grove (Delivering 2028)

The first standalone Four Seasons branded residences in Florida, developed by CMC Group (Ugo Colombo) and Fort Partners at 2699 S. Bayshore Drive. This ultra-luxury 20-story tower features only 70 waterfront residences with 11-foot ceilings, designed by Revuelta Architecture with interiors by celebrated Florentine designer Michele Bönan. Residents receive membership to the Surf Club Four Seasons Beach Club in Surfside.

Vita at Grove Isle (Delivering 2025)

Located on the private 20-acre Grove Isle, Vita offers 65 exclusive residences across three buildings (Mare, Luce, and Sole). Developed by CMC Group and designed by CallisonRTKL, the development includes 12 bi-level penthouses with private rooftop terraces, pools, and summer kitchens.

The WELL Coconut Grove (Delivering 2028)

Terra Group's wellness-focused development at 2855 Tigertail Avenue will feature 194 residences designed by Arquitectonica. The project includes a 13,000 sq ft wellness club with services like hyperbaric chambers, crystal cave, and functional medicine.

The Lincoln (Delivering 2027)

LORE Development Group's boutique 8-story condo at 2650 Lincoln Avenue will offer 48 thoughtfully designed homes with plus-den floor plans. Six luxurious penthouses on the top floor feature double-height ceilings.

Ziggurat (Delivering 2026)

Allen Morris Company's nature-inspired boutique development at 3151 SW 27th Avenue will offer 45 bespoke residences designed by Behar Font & Partners with 10-20 foot ceilings and natural wood finishes.

Signature Buildings

Four Seasons Private Residences Coconut Grove

The first standalone Four Seasons branded residences in Florida, developed by Ugo Colombo's CMC Group and Fort Partners. This ultra-luxury 20-story waterfront tower offers only 70 residences with legendary Four Seasons service, including membership to the Surf Club Four Seasons Beach Club. Interiors by acclaimed Florentine designer Michele Bönan blend European sophistication with coastal warmth.

Grove at Grand Bay

Designed by Pritzker Prize-winner Bjarke Ingels (BIG), Grove at Grand Bay consists of two iconic twisting towers that have become architectural landmarks. The 20-story towers feature 12-foot-wide terraces that spiral up the building, creating dramatic outdoor living spaces with bay views.

Park Grove

A three-tower development designed by Rem Koolhaas/OMA in collaboration with Ateliers Jean Nouvel and Arquitectonica. Park Grove represents one of the most significant architectural projects in Miami, with over 260 residences ranging from condos to penthouses.

Mr. C Residences Coconut Grove

The Cipriani family's first branded residential project in Miami, Mr. C Residences brings Italian hospitality heritage to Coconut Grove. The boutique building offers hotel-style services including Mr. C's signature restaurant and bar.

Frequently Asked Questions About Coconut Grove Condos

What is the average price of a condo in Coconut Grove?

The median sale price for Coconut Grove condos is approximately $1.6 million as of 2025. However, prices vary significantly by building: entry-level condos in older buildings start around $500K, while luxury units in buildings like Grove at Grand Bay and Park Grove range from $2M to $20M+. Price per square foot ranges from $842 in resale buildings to over $1,100 in new construction.

Is Coconut Grove a good place to live?

Yes, Coconut Grove is excellent for families and professionals seeking a walkable, tree-lined neighborhood with top schools, waterfront access, and a village atmosphere within Miami. The Grove offers the rare combination of urban amenities and suburban tranquility. The tradeoffs are higher prices than many Miami neighborhoods, limited nightlife (Brickell and South Beach are better), and distance from the beach. It's best suited for primary residents rather than part-time owners or investors.

What are the best condo buildings in Coconut Grove?

Ultra-Luxury: Four Seasons Private Residences (CMC Group/Fort Partners, from $5.6M), Grove at Grand Bay (Bjarke Ingels), Park Grove (OMA/Rem Koolhaas), Vita at Grove Isle (private island)

Luxury Full-Service: Mr. C Residences (Cipriani brand), Grovenor House, Ritz-Carlton Coconut Grove

New Construction: The WELL (wellness-focused), The Lincoln (boutique), Ziggurat (nature-inspired)

How does Coconut Grove compare to Brickell?

What are the best schools near Coconut Grove?

Private schools are a major draw for Coconut Grove families: Ransom Everglades (top-ranked college prep), Carrollton School of the Sacred Heart (girls), and St. Stephen's Episcopal Day School are among the most sought-after. Note that private school admissions are competitive—families should apply 12-18 months before their desired start date.

Can I walk to restaurants and shops in Coconut Grove?

Yes, the CocoWalk area and Main Highway corridor are very walkable, with numerous restaurants, cafés, boutiques, and services. However, some residential areas (particularly South Grove estates) are more car-dependent. The Grove's Walk Score is 78 (Very Walkable) for the commercial core.

Are there waterfront condos in Coconut Grove?

Yes, Coconut Grove's eastern edge sits on Biscayne Bay. Waterfront condo buildings include Grove at Grand Bay, Park Grove, Mr. C Residences, Grovenor House, and Residences at Vizcaya. Grove Isle offers a private island setting. Waterfront units command premium prices, typically $1,000+ per square foot.

What is Grove Isle?

Grove Isle is a private 20-acre island in Biscayne Bay, accessible via a single bridge from the mainland. The island is home to the Grove Isle Club (with additional pools, dining, and marina) and the new Vita at Grove Isle development. It offers maximum privacy and exclusivity while remaining minutes from CocoWalk and downtown Miami.

Is Coconut Grove good for families?

Yes, Coconut Grove is one of Miami's top family neighborhoods. The combination of top private schools, safe tree-lined streets, parks (including Peacock Park with playground), and a community-oriented atmosphere makes it a primary residence destination for families relocating from New York, California, and Latin America.

What is the commute from Coconut Grove to downtown Miami?

Downtown Miami is approximately 10-15 minutes by car from Coconut Grove, depending on traffic. The Coconut Grove Metrorail station provides direct access to downtown and Brickell. Brickell is just 5-10 minutes away.

Are short-term rentals allowed in Coconut Grove condos?

Most luxury condo buildings in Coconut Grove prohibit short-term rentals (Airbnb/VRBO). Buildings like Grove at Grand Bay, Park Grove, and Mr. C Residences have minimum lease terms of 6-12 months. This policy reflects the neighborhood's family-focused character and helps maintain property values. Always verify rental policies with individual building associations.

What new condo developments are coming to Coconut Grove?

Several projects are in development: Four Seasons Private Residences (70 units, from $5.6M, delivering 2028—the most expensive), Vita at Grove Isle (65 units, delivering late 2025), The WELL Coconut Grove (194 units, 2028), The Lincoln (48 units, 2027), and Ziggurat (45 units, 2026). These range from ultra-luxury branded residences to wellness-focused boutique developments.

Surrounding Neighborhoods

Other surrounding neighborhoods include Brickell, Coral Gables, Downtown Miami, and Key Biscayne.

Ready to Find Your Coconut Grove Home?

Whether you're searching for a waterfront penthouse at Grove at Grand Bay, a family home near Ransom Everglades, or a wellness-focused condo at The WELL, our team can help you navigate the Coconut Grove market.

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About the Author

Anthony Guerriero is the founder and principal broker of Manhattan Miami Real Estate, a luxury residential brokerage specializing in Manhattan and Miami. Licensed in New York, Florida, and California, Anthony has over a decade of experience serving buyers in South Florida's most competitive markets. Manhattan Miami Real Estate serves clients throughout Miami-Dade County from our Miami Beach office at 1688 Meridian Avenue.

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This page is for informational purposes only. Prices and availability subject to change. Contact Manhattan Miami Real Estate for current listings and market data.