Coconut Grove The Definitive 2025 Luxury Real Estate Guide

Coconut Grove Luxury Real Estate

Coconut Grove Luxury Real Estate

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.

✔ Private, safe, family driven lifestyle

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.

✔ One of Miami’s safest and most residential neighborhoods

Supported by citywide safety metrics and local neighborhood enforcement.

✔ High concentration of high end private schools
  • Ransom Everglades

     

  • Carrollton School of the Sacred Heart

     

  • St. Stephen’s Episcopal

     

  • Coconut Grove Montessori
✔ Architectural excellence

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

✔ Proximity to Brickell, Coral Gables & Key Biscayne

Perfect for executives who want serenity without sacrificing convenience.

Brickell Market Data & Pricing Analysis (2025)

Luxury Pricing (Condos $1M+)

Luxury Pricing (Condos $1M+)

Segment
PPSF Range
Notes
New Construction Ultra-Luxury
$1,800 – $3,500+
St. Regis, Cipriani, Baccarat
Waterfront Luxury
$1,300 – $2,200
Brickell Key, Icon Brickell high floors
Urban Core Luxury
$1,000 – $1,800
SLS, Reach, Rise, Four Seasons Residences

Price Ranges by Unit Type

  • 1 Bedroom: $600K – $1.2M

  • 2 Bedroom: $1.2M – $2.5M

  • 3 Bedroom: $2.5M – $6M

  • Penthouses: $5M – $30M+

Demand Drivers

– Wall Street migration
– Tech leadership relocating from California
– International investors seeking stable, tax advantaged markets
– Low inventory + absorbing new supply quickly

Brickell is among the fastest moving luxury condo submarkets, with new construction often selling out before completion.

Coconut Grove Buyer Profiles

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)

Dining Highlights

  • Bellini at Mr. C

     

  • Sadelle’s

     

  • Amal

     

  • Narbona

     

  • Los Fuegos Pop Up (varies by season)

Cultural & Natural Anchors

  • 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.

Top Luxury Condo Buildings in Coconut Grove

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

Single Family Estates and 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.

New Construction & Ultra-Luxury Development Pipeline

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 and 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.

Yes. Coconut Grove is considered one of the safest and most established neighborhoods in Miami, known for its residential character, strong community presence, and consistent public and private security—especially in waterfront and luxury enclaves. Like any urban area, safety varies by micro-location, which is why working with local experts matters. The Ivan and Mike Team provides precise, block-by-block insight, helping buyers choose the safest streets, buildings, and communities aligned with their lifestyle and privacy expectations.

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.