Coconut Grove The Definitive 2025 Luxury Real Estate Guide

South Miami Luxury Market

Coconut Grove

Coconut Grove—often called simply “The Grove”—is Miami’s oldest and most naturally beautiful neighborhood. Defined by lush tropical canopies, Mediterranean architecture, waterfront marinas, elite private schools, and a refined, artistic energy, it offers a lifestyle unlike any other part of South Florida.

The Grove attracts a discerning, sophisticated global clientele who value privacy, timeless architecture, walkability, culture, and a deep connection to nature. Unlike Miami’s vertical neighborhoods, Coconut Grove feels like a true village—yet it is minutes from Brickell, Coral Gables, and Key Biscayne.

Home to some of the region’s most exclusive estates and high-design boutique condo towers, Coconut Grove has become one of the most demanded luxury micro-markets in Miami.

Why Coconut Grove Leads Miami’s Luxury Residential Market

Coconut Grove has undergone a renaissance over the last decade, evolving into one of Miami’s most desirable neighborhoods for UHNW families, executives, and design-oriented buyers.

A village within the city

Unlike Miami’s dense urban cores, Coconut Grove offers a serene, walkable, tree-lined environment with an old-world charm.

Many UHNW families choose The Grove for its top schools, quiet streets, marinas, and tight-knit community dynamic—mirroring feedback from Ivan & Mike’s workshops:
Clients value privacy, impeccable service, and neighborhoods that align with a sophisticated lifestyle.

Supported by citywide safety metrics and local neighborhood enforcement.

  • Ransom Everglades

  • Carrollton School of the Sacred Heart

  • St. Stephen’s Episcopal

  • Coconut Grove Montessori

From waterfront estates to high-design buildings like Park Grove and Mr. C Residences, Coconut Grove appeals deeply to both emotional and analytical buyers.

Perfect for executives who want serenity without sacrificing convenience.

Geographic Appeal Remains a Major Stabilizer

2025 Market Data & Pricing Insights

Luxury Pricing (Condos $1M+)

Luxury Condo Pricing

Building Tier
PPSF
Notes
Ultra-Luxury New Construction
$1,800 – $3,200+
Park Grove, Vita at Grove Isle
Boutique Bayfront
$1,300 – $2,100
Mr. C, Grove at Grand Bay
Renovated Luxury
$900 – $1,400
Classic mid-rise buildings

Single-Family Home Pricing

Property Type
Range
Non-waterfront luxury homes
$3M – $10M
New-construction estates
$7M – $25M
Waterfront estates
$15M – $50M+

Coconut Grove remains one of Miami’s most resilient luxury markets, driven by scarcity, prestige, and strong end-user demand.

Buyer Profile

Coconut Grove Buyer Profiles (Aligned with Your Persona)

✔ Older Sophisticated Buyers

They appreciate architecture, privacy, and quiet streets—core attributes of Coconut Grove.

✔ Design-Oriented Couples

Attracted to boutique buildings by world-renowned architects (OMA, Arquitectonica).

✔ UHNW Families

Seamless access to elite schools + parks + walkability.

✔ Status-Driven Buyers

Prefer neighborhoods with historical prestige and high social visibility.

✔ Global Investors

Stable appreciation, limited inventory, and a strong rental market make The Grove a safe long-term asset.

Lifestyle Overview – What It’s Like to Live in Coconut Grove

Coconut Grove feels like a Mediterranean coastal village set within a tropical forest.

Lifestyle Highlights

  • Waterfront walking paths

  • Coconut Grove Sailing Club & Dinner Key Marina

  • Outdoor cafés, boutique shops, and art galleries

  • Cocowalk: modern retail + dining

  • Saturday farmer’s market (local favorite)
  • Bellini at Mr. C

  • Sadelle’s

  • Amal

  • Narbona

  • Los Fuegos Pop-Up (varies by season)

 

  • Vizcaya Museum & Gardens

  • The Kampong Botanical Garden

  • Regatta Park

  • Peacock Park

Living in Coconut Grove is about calm sophistication—a slower, richer lifestyle rooted in design, walkability, and nature.

Geographic Appeal Remains a Major Stabilizer

Top Luxury Condo Buildings in Coconut Grove

Below are the flagship buildings shaping the neighborhood’s luxury market.

Single-Family Estates & Waterfront Living

Coconut Grove is one of the most coveted neighborhoods for luxury single-family homes in Miami.

Key Characteristics

  • Large gated estates

  • Mature landscaping and canopy streets

  • Waterfront homes with direct bay access

  • Modern new-construction estates highly sought-after

  • Historic Mediterranean residences preserved and restored

The Grove’s inland estates are especially popular with families seeking privacy + proximity + architectural character.

Buyer Profile

New Construction & Ultra-Luxury Development Pipeline (2025–2028)

Coconut Grove has become a top destination for architect-driven luxury developments.

Your competitive advantage—
developer relationships, early access, and deep understanding of construction cycles
provides a strategic edge for advising UHNW clients.

Pipeline includes:

  • Boutique waterfront projects

  • Private-island developments on Grove Isle

  • High-design low-rise residential enclaves

Most new inventory is selling quickly due to extreme scarcity.

Curated Listings

Instead of bulk MLS feeds, we showcase six premium listings:

Collections include:

  • Park Grove ocean-view residences

  • Grove Isle luxury units

  • Mr. C Residences high-floor units

  • Waterfront single-family estates

  • New-construction modern homes

Off-market inventory (gated)

Request a Private Briefing

Exclusive Access to Pre-MLS & Off-Market Residences

Experience new construction the Ivan & Mike way — curated, data-backed, and exclusively tailored for you.

Our concierge team will coordinate private showings via yacht, car, or helicopter to ensure you discover Miami’s finest homes in the most comfortable way possible.

Is Coconut Grove a good investment in 2025?

Yes. The Grove is one of Miami’s most stable and prestigious luxury markets, with strong end-user demand, limited supply, and a high barrier to entry.

Coconut Grove is one of the safest, most private residential areas in Miami, supported by the city’s high safety ranking.

The Grove offers a tropical, village-like environment with a strong artistic identity—more relaxed than Brickell and more organic than Coral Gables.

Yes. The Grove has some of Miami’s most valuable bayfront estates, many with private docks.

It is one of the most walkable luxury neighborhoods in Miami, with cafés, parks, and marinas all within minutes.