Located just south of Miami’s urban core, Coconut Grove is Miami’s oldest and most storied waterfront neighborhood. Known for its lush tree canopy, bayfront parks, and village-style charm, Coconut Grove offers a rare blend of privacy, culture, and coastal sophistication.
Unlike the vertical density of Brickell, Coconut Grove is defined by estate homes, boutique condominiums, and a pedestrian-friendly village center. It attracts executives, entrepreneurs, families, and international buyers seeking lifestyle depth over skyline height.
Coconut Grove Real Estate
Coconut Grove real estate is characterized by:
- Private gated estates and modern architectural homes
- Waterfront properties along Biscayne Bay
- Boutique luxury condominiums
- New contemporary construction replacing older homes
- Deep lots with tropical landscaping and privacy hedges
Ultra-luxury waterfront estates near Biscayne Bay command premium pricing, while new construction modern homes regularly exceed $1,500–$2,000+ per square foot depending on location and design.
The Grove offers one of Miami’s most resilient single-family markets due to limited land supply and strong family demand.
Top Schools in Coconut Grove
School access is one of Coconut Grove’s strongest drivers of real estate demand.
Private Schools
- Ransom Everglades School – One of the top college-preparatory schools in the country, with a historic waterfront campus.
- Carrollton School of the Sacred Heart – Prestigious all-girls Catholic college-prep school.
- St. Stephen's Episcopal Day School – Highly regarded independent Episcopal school.
Public Schools
- Coconut Grove Elementary School – Strong academic reputation with International Studies magnet programs.
- Proximity to top-rated Miami-Dade magnet and charter options.
For families relocating to Miami, Coconut Grove often ranks at the top due to school quality and neighborhood safety.
Walkability & Lifestyle
Coconut Grove offers a true village atmosphere centered around:
- Coco Walk
- Waterfront parks such as Peacock Park
- Marinas including Dinner Key Marina
- Sidewalk cafés, wine bars, and boutique shopping
The Grove is pedestrian-friendly, bikeable, and deeply community-oriented, a rarity in South Florida.
Dining & Social Scene
The Grove’s dining culture is refined yet relaxed. Residents enjoy:
- Bayfront brunches
- Farm-to-table restaurants
- Upscale wine bars
- Private yacht club environments
The social atmosphere is established and residential rather than nightlife-driven — attracting business leaders, families, and long-term residents.
Coconut Grove Real Estate Market Update — 2025/2026
Current Pricing Trends
- Median single-family home values remain among the highest in Miami’s non-beach neighborhoods.
- New construction luxury homes continue to push pricing upward due to limited inventory and high build costs.
- Waterfront properties command significant premiums and remain supply constrained.
Market Dynamics
- Inventory remains tight in prime pockets such as North Grove and bayfront corridors.
- Days on market vary by price tier; turnkey modern homes absorb faster than properties requiring renovation.
- Lot value continues to be a primary pricing driver.
Buyer Profile & Demand
Coconut Grove attracts:
- Families prioritizing top-tier schools
- Executives relocating to Miami
- International buyers seeking estate-style privacy
- Buyers transitioning from high-rise condo living to single-family homes
The neighborhood’s strong school infrastructure supports long-term stability and consistent demand.
Rental & Investment Fundamentals
- Luxury single-family rentals remain in demand among relocating executives.
- Limited supply of estate homes supports appreciation over time.
- Land scarcity and zoning constraints enhance long-term investment defensibility.
What It Means for Buyers & Sellers
Buyers:
Competitive pricing persists for well-located, renovated properties. Preparation and strong negotiation strategy are critical.
Sellers:
Turnkey presentation and strategic pricing can still generate strong activity — especially in family-friendly pockets near top schools.
Investors:
Coconut Grove represents a stable, land-driven luxury market supported by education demand and long-term residency patterns.
Coconut Grove is not simply a neighborhood — it is a lifestyle defined by canopy-lined streets, waterfront elegance, and community depth. Working with me means more than completing a transaction — it is a tailored, high-touch experience defined by trust, expertise, and uncompromising service.
Because luxury is not a price point — it is a standard.
