One Park Grove Condos for Sale
Sixty-six residences by OMA and Rem Koolhaas within a five-acre bayfront garden.
The Final Tower at Park Grove
One Park Grove is the final residential tower in the Park Grove enclave, positioned on Biscayne Bay at 2811 South Bayshore Drive. OMA shaped the architecture around long water views, private terraces and the landscape of Coconut Grove.
The 66 residences range from two to five bedrooms. Interiors emphasize 12-foot ceilings, floor-to-ceiling glass, private elevator access and kitchens designed by William Sofield with Sub-Zero, Wolf and Asko appliances.
One Park Grove at a Glance
2811 South Bayshore Drive, Coconut Grove, FL 33133
Terra Group and Related Group
OMA / Shohei Shigematsu
2020
66
24
Condominium
Coconut Grove
One Park Grove Condos for Sale
Why Buyers Choose One Park Grove
One Park Grove combines a low-density waterfront setting with a substantial private amenity program.
Bayfront Position
Panoramic water and skyline views with deep private terraces and direct access to Coconut Grove's waterfront lifestyle.
OMA Architecture
A sculptural facade by OMA and Shohei Shigematsu uses faceted columns inspired by the Grove's palms.
Large Residences
Two- to five-bedroom layouts, private elevators and 12-foot ceilings distinguish the tower from denser Miami developments.
Private Enclave
Five acres of gardens, extensive wellness spaces and 500 feet of bayfront pools create a self-contained residential environment.
Our Take on One Park Grove
One Park Grove is best suited to buyers who want substantial interior and terrace space without giving up a central Coconut Grove address. The bay orientation and privacy are the strongest reasons to choose it.
The main diligence point is line and exposure. Views, floor height, terrace depth and proximity to the neighboring towers vary, so two residences with similar bedroom counts can feel materially different.
We compare current asking prices with recent Park Grove resales, carrying costs and competing Coconut Grove inventory before recommending a unit.
About One Park Grove
One Park Grove at 2811 South Bayshore Drive is the final and most exclusive tower in the Park Grove development in Coconut Grove, and it holds a distinction that no other luxury condominium in the Miami market can claim: it was designed by Rem Koolhaas and OMA, one of the most influential architecture practices in the world and the recipient of the Pritzker Architecture Prize. Completed in 2020 by Terra Group with just 66 residences across 24 stories, One Park Grove brings an intellectual and aesthetic seriousness to luxury residential living that is genuinely rare in South Florida. Our brokerage considers it the most architecturally significant luxury condominium currently available in the Miami market.
The building sits within five acres of gardens designed by Swiss landscape architect Enzo Enea, whose work creates a seamless transition between the residential towers and Coconut Grove's legendary tree canopy and bayfront setting. The residences feature Boffi kitchens - the Italian manufacturer whose precision craftsmanship is preferred by many of the world's leading architects - paired with Gaggenau appliances and interiors that reflect OMA's characteristic spatial intelligence. Floor plans prioritize natural light, flow between rooms, and the relationship between interior living space and the surrounding landscape. With only 66 units, the building achieves a boutique intimacy that stands in striking contrast to the 200+ unit towers that dominate the oceanfront corridors.
The Coconut Grove location is integral to what makes One Park Grove special. Unlike the beachfront tower clusters of Sunny Isles, South Beach, or Bal Harbour, Coconut Grove is a genuine walkable neighborhood with independent restaurants, galleries, parks, and a community character that predates the modern city of Miami. The bayfront orientation provides views of Biscayne Bay, Key Biscayne, and Virginia Key - a visual experience that is calmer and more varied than the ocean views found elsewhere in the market. For buyers who value neighborhood life, architectural distinction, and bay views over beachfront access, One Park Grove represents the highest expression of these priorities.
Residences at One Park Grove start at approximately $3 million and extend above $15 million for penthouses. Our team at Manhattan Miami has deep experience in the Coconut Grove market and can provide comprehensive analysis of how One Park Grove compares to other luxury options in the Grove, including Grove at Grand Bay and the earlier Park Grove towers, as well as bayfront alternatives in Brickell and Key Biscayne. We offer candid assessments of the architectural value proposition, the Coconut Grove lifestyle, and the long-term investment fundamentals of this extraordinary building. Contact us for current availability and to arrange a private showing.
Explore Miami pre-construction developments or view Billionaires' Beach Miami. For international buyers, see our Miami guide for foreign purchasers.
Unparalleled Living
OMA's faceted waterfront facade
Floor-to-ceiling glass and panoramic bay views
Park Grove Amenities
More than 50,000 square feet of indoor and outdoor amenities across the waterfront enclave.
Waterfront
- 500 feet of bayfront pools and pool decks
- Poolside cabanas and dining
- Outdoor bar and jacuzzis
Wellness
- Fitness centers and private training rooms
- Spa treatment rooms
- Yoga, Pilates, sauna and steam facilities
Entertaining
- Private screening room
- Wine tasting rooms and storage
- Private dining and event spaces
Service & Grounds
- Five acres of gardens by Enzo Enea
- 24-hour doorman, concierge and security
- Valet and butler service
The Visionaries
OMA / Shohei Shigematsu
Architecture
OMA designed the Park Grove ensemble and its faceted, palm-inspired facade.
William Sofield
Kitchen and Bath Design
Sofield designed the kitchens and primary bathrooms for One Park Grove.
Meyer Davis
Amenity Interiors
Meyer Davis designed the shared lifestyle and amenity spaces.
Enzo Enea
Landscape Design
Enea designed five acres of private gardens throughout the enclave.
Coconut Grove on Biscayne Bay
The address places residents near Dinner Key, Regatta Harbour, waterfront parks and Coconut Grove's village restaurants and shops.
Dinner Key and Regatta Harbour
Marinas, waterfront dining and the sailing centre are within walking distance along South Bayshore Drive.
Coconut Grove village centre
CocoWalk, the Grove's restaurants, galleries and independent shops sit a few blocks inland.
Waterfront parks
Kennedy Park, Peacock Park and the Bayshore path run along the same stretch of Biscayne Bay.
Comparable Buildings
Buyers considering One Park Grove typically also evaluate these buildings
Frequently Asked Questions
Where is One Park Grove located?
One Park Grove is at 2811 South Bayshore Drive on the Coconut Grove waterfront, close to Dinner Key, parks, restaurants and the village center.
Who designed One Park Grove?
Park Grove was designed by OMA, with Shohei Shigematsu as partner in charge. The facade uses faceted concrete columns inspired by Coconut Grove's palm trees.
How many residences are at One Park Grove?
One Park Grove is the final tower in the Park Grove enclave and contains 66 residences, including larger upper-floor and penthouse layouts.
What are the residences like?
Residences range from two to five bedrooms and feature 12-foot ceilings, floor-to-ceiling glass, private elevator access and large outdoor terraces.
What amenities does One Park Grove offer?
The Park Grove enclave provides more than 50,000 square feet of lifestyle amenities, 500 feet of bayfront pools and pool decks, private dining and screening rooms, fitness and spa facilities, and five acres of gardens by Enzo Enea.
Are there active condos for sale at One Park Grove?
Availability changes frequently. The active-for-sale listing grid on this page is filtered to Park Grove condo inventory; contact Manhattan Miami for unit-level pricing, carrying costs and private showing access.
Private Availability at One Park Grove
For current availability, pricing history, floor plans, and off-market opportunities at One Park Grove, request a confidential review with our advisory team.
2811 South Bayshore Drive, Coconut Grove, FL 33133
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Miami Real Estate Market Intelligence
Market Context: The Miami-to-Northeast and Miami-to-California migration has converted from pandemic-era spike to structural relocation. Miami’s millionaire population grew approximately 78% between 2013 and 2023. Geographic constraint is binding: ocean, bay, and Everglades pin supply. December 2025 medians: Miami Beach condo $620K, Brickell condo $580K. Luxury condominium price per sq ft: $1,200-$3,500+, extending to $2,000-$4,500+ on Fisher Island and $1,800-$4,000+ at South of Fifth.
Value submarkets: Brickell ($600-$1,500/SF), Edgewater ($700-$1,200/SF), Downtown Miami ($600-$2,000/SF). Trophy submarkets: Fisher Island, Sunny Isles Beach ($1,500-$3,500/SF, dense branded-residence inventory), South of Fifth. Branded benchmarks include Four Seasons Surf Club ($2,200-$3,500/SF), St. Regis Sunny Isles ($1,800-$2,800/SF), and Porsche Design Tower ($1,600-$2,400/SF). Miami now carries more hotel-branded residences than any other Western Hemisphere city.
Structural inputs compound: no state income tax (vs. 10.9% NY, 13.3% CA), no estate tax, 78% decade millionaire growth, and construction-cost inflation. Current pre-construction inventory was financed and broken ground before 20-50% tariffs landed on steel, aluminum, concrete, and lumber, effectively the last tranche of pre-tariff pricing. Florida SB 264 restricts acquisitions by nationals of certain countries within 10 miles of military installations and must be screened at contract stage for international buyers.
Key Facts
- Miami Beach Condo Median (Dec 2025): $620K
- Brickell Condo Median (Dec 2025): $580K
- Luxury Condo $/SF: $1,200-$3,500+
- Fisher Island $/SF: $2,000-$4,500
- Avg Days on Market: 95
- Closing Costs: 2-3% (cash), 3-4% (financed)
- Property Tax: ~2% of assessed value annually
- Millionaire Population Growth: +78% (2013-2023)
- State Income Tax: 0% (vs. NY 10.9%, CA 13.3%)
What Buyers Should Know
Miami’s millionaire population grew approximately 78% between 2013 and 2023 with no state income tax and hard geographic constraints (ocean, bay, Everglades) capping supply. Luxury condominium price per sq ft runs $1,200-$3,500+, extending to $2,000-$4,500+ on Fisher Island and $1,800-$4,000+ at South of Fifth. Miami now carries more hotel-branded residences than any other Western Hemisphere city.
Miami Real Estate FAQs
What are Miami’s current condominium medians?
December 2025: Miami Beach $620K, Brickell $580K. Luxury condominium stock runs $1,200-$3,500+ per sq ft, extending to $2,000-$4,500 on Fisher Island and $1,800-$4,000 at South of Fifth.
Why is Miami attracting UHNW capital structurally?
Zero state income tax (versus NY 10.9%, CA 13.3%), no estate tax, a 78% decade growth in the millionaire population (2013-2023), and geographic constraints that cap long-run supply. These are structural inputs, not cyclical.
What does the construction-cost tariff environment mean for current inventory?
Current pre-construction inventory was financed and broke ground before 20-50% tariffs landed on steel, aluminum, concrete, and lumber. Replacement-cost pricing on the next development cycle is expected to rise materially. Current allocations represent the last tranche of pre-tariff pricing.
What is Florida SB 264 and how does it affect international buyers?
Florida SB 264 restricts property acquisitions by nationals of seven countries (China, Russia, Iran, North Korea, Cuba, Venezuela, Syria) within 10 miles of military installations. The restriction must be screened at contract stage and may require entity-structure adjustments to comply.
What are typical monthly carrying costs on a Miami condominium?
HOA $0.80-$2.50 per sq ft per month, property tax ~2% of assessed value annually, HO-6 insurance $2,000-$5,000+ annually, flood insurance $500-$3,000+. A 2,000 sq ft condo runs $1,600-$5,000 per month in HOA alone.
What are the post-Surfside inspection requirements?
Buildings 3+ stories must undergo structural inspections at year 30 (year 25 if coastal), then every 10 years. Associations must fully fund reserves; reserve waivers are no longer permitted. Older buildings carry special-assessment risk; inspection and reserve-study review is required at due-diligence.