Known for its lush greenery, vibrant arts scene, and historic charm, Coconut Grove offers a unique blend of bohemian flair and upscale living. 

Real Estate Market Overview January 2025

Coconut Grove's Newest Listings

• Prices: The median sale price for condos is approximately $2.02 million, reflecting a 26.1% year-over-year increase. The median sale price for single-family homes is approximately $4.8 million, showcasing a steady demand for luxury properties in the area.

• Inventory: The area is experiencing a buyer's market, with homes selling for about 2.77% below the asking price and an average of 53 days on the market.

• Investment Potential: Coconut Grove remains a prime location for luxury real estate. Its unique mix of urban amenities and natural surroundings drives consistent demand and price appreciation.

• Buyer Demographics: The neighborhood attracts affluent buyers, including international investors, young professionals, and families seeking a vibrant, luxury-oriented lifestyle.

Living in the Grove

Coconut Grove offers a vibrant and diverse lifestyle, combining a laid-back atmosphere with access to urban amenities. The neighborhood boasts a rich cultural scene, with numerous galleries, boutiques, and outdoor cafes contributing to its lively ambiance. The area is also home to various festivals and events that foster a strong sense of community, such as the Coconut Grove Arts Festival and the Grove’s weekly farmers market.

A significant aspect of life in Coconut Grove is its connection to the water, making it a hub for boating and sailing enthusiasts. With easy access to Biscayne Bay, residents often partake in sailing, kayaking, and fishing, and local yacht clubs provide opportunities for those interested in competitive sailing. The scenic marinas and waterfront parks create a picturesque backdrop for enjoying the boating lifestyle.

The cost of living in this upscale neighborhood reflects its desirable location and lifestyle. Housing prices are generally higher than the Miami average. Residents enjoy a range of housing options, including luxury condos, townhomes, and single-family homes, many of which feature stunning waterfront views. Situated just south of downtown Miami, Coconut Grove is easily accessible via U.S. Highway 1.

Exclusive Clubs

• Coral Reef Yacht Club: A private yacht club with a family-friendly atmosphere, providing boating facilities and social events for its members.
• The Biscayne Bay Yacht Club: This club offers stunning views of Biscayne Bay and various recreational activities, dining options, and a vibrant social calendar. 
• Coconut Grove Sailing Club: A community-oriented sailing club that promotes sailing and offers lessons, events, and a welcoming environment for sailing enthusiasts.

Restaurants

The Grove has a wide range of dining options catering to diverse tastes and preferences, from charming cafes and casual eateries to upscale restaurants. Here are some of our favorite picks:

• Bellini: Enjoy stunning views along with delicious Italian cuisine. 
• Mayfair Grill: Stylish spot serves contemporary American dishes in a vibrant atmosphere.
• Ariete:  A MICHELIN-starred restaurant that creatively blends Miami flavors with Southern influences.
• Bombay Darbar:  Flavorful Indian dishes, this restaurant offers a lively dining experience.
• Los Félix:  A MICHELIN-starred Mexican restaurant renowned for its fresh tacos and vibrant cocktails.
• Le Bouchon Du Grove: A charming French bistro serving classic dishes in a cozy setting. 

Schools

Coconut Grove offers reputable schools that emphasize academic excellence and personal growth. Families can choose from private institutions and community programs that cater to various educational needs.

• St. Stephen's Episcopal Day School: A private Christian school offering a strong academic foundation from preschool through grade 5. 
• Coconut Grove Montessori School: Focuses on a child-centered learning environment, offering programs for toddlers through grade 5. 
• Coconut Grove Elementary School: A public elementary school with a long-standing history in the community. 

• St Hugh Catholic School: A faith-based institution offering a balanced curriculum from pre-K to grade 8. 

• Miami Jewish Montessori: A private school blending Montessori principles with Jewish values, students from 15 months to 6 years old. 

• Ransom Everglades School: A prestigious private school with a rigorous academic curriculum serving grades 6-12. 
• Carrollton School of the Sacred Heart:  A Catholic all-girls school serving preschool through high school.

• Immaculata-La Salle High School: A Catholic high school offering a college preparatory curriculum. 

Transportation

For local travel within the Grove, residents can enjoy Freebee, an eco-friendly electric vehicle service offering free rides. This enhances mobility and makes short trips around the neighborhood simple and sustainable. Additionally, Coconut Grove is a go-cart-friendly neighborhood, where residents can often be seen cruising in personal electric carts, adding to the area’s laid-back, coastal vibe. The walkable streets make exploring the lush parks, waterfront views, and vibrant cafes and shops easy, contributing to a connected and community-oriented lifestyle. Bus services also connect Coconut Grove to various parts of Miami-Dade County and the Metro Rail for quick access to Downtown Miami and other areas.

Accommodations:

•  The Ritz Carlton: Luxurious and elegant, this hotel offers waterfront views, top-tier service, and a spa, ideal for a refined Miami experience.
• The Mayfair Hotel: This boutique hotel is known for its artistic charm. It features a rooftop pool, stylish rooms, and a unique architectural design.
• Mr.C Miami: Blending Italian sophistication with Miami flair, this boutique hotel provides stylish rooms, a rooftop pool, and high-end dining.
• The Mutiny Hotel: A tropical-style hotel with a touch of history featuring spacious suites and scenic bay views, perfect for extended stays.
• Courtyard by Marriot Hotel: A comfortable and convenient choice with modern amenities and easy access to Coconut Grove’s shops and restaurants.

Parks and Recreational Activities

Marinas:

• Dinner Key Marina: The largest marina in Miami, located in Coconut Grove, offering over 500 slips and a full range of amenities for boaters, including access to Biscayne Bay.
• Grove Isle Marina: A private marina on Grove Isle, a small island just off Coconut Grove, provides dockage for residents and exclusive members.

• Bayshore Landing Marina: A centrally located marina offering dockage and services for yachts and smaller boats, with easy access to Coconut Grove’s waterfront attractions and restaurants.

• Grove Harbour Marina: A local marina offering basic docking facilities for small boats, providing a convenient location for residents and visitors.

• Regatta Harbour Marina: A newly renovated marina in Coconut Grove, offering modern docking amenities and direct access to Biscayne Bay, popular among boaters and water sports enthusiasts.

Gulf Courses near the Grove:

• Biltmore Golf Course:  A historic 18-hole, par-71 championship course at the Biltmore Hotel. It's known for its scenic views and challenging play. Located in Coral Gables, about 10-15 minutes from Coconut Grove.
• Coral Gables Country Club: Offers a golf course and tennis and fitness facilities. It's a more private experience for members. Located in Coral Gables, also a short drive from Coconut Grove.
• Granada Golf Course: A 9-hole, par-36 golf course. It’s one of the oldest municipal golf courses in South Florida and great for a quicker round. Located in Coral Gables, approximately 10 minutes from Coconut Grove.
• Crandon Golf at Key Biscayne:  An 18-hole, par-72 championship course that’s one of the most scenic in South Florida, with stunning views of Biscayne Bay and lush mangroves. Located in Key Biscayne, about 15-20 minutes from Coconut Grove. 

Parks: 

• David T. Kennedy Park: A waterfront park with walking paths, a volleyball club, a dog park, and picnic areas, perfect for outdoor activities and enjoying bay views. 
• Regatta Park: Features sports facilities and playgrounds, ideal for families and community gatherings.
• Barnacle Historic State Park: Home to the historic Barnacle House, this park offers nature trails and scenic views of Biscayne Bay.
• Peacock Park: A vibrant community park featuring sports fields, playgrounds, and a large open space for events and picnics.
• Kenneth M. Myers Bayside Park: A scenic waterfront park that offers stunning views of Biscayne Bay, walking paths, and areas for fishing and kayaking, making it a great spot for outdoor enthusiasts.

Exciting Developments Ahead

Coconut Grove continues to evolve with new luxury developments, and one of the most anticipated is the Four Seasons Residences Coconut Grove. This project is set to elevate the neighborhood's status, offering a prestigious address with all the hallmark amenities of the Four Seasons brand. Residents will enjoy unparalleled services, world-class dining, state-of-the-art wellness facilities, and stunning views of Biscayne Bay.

Opus Coconut Grove, an exclusive pre-construction development featuring only 12 luxurious condos and 2 penthouses. Every element, from the architecture by Kobi Karp to the interior design by Joao Armentano, is meticulously curated to achieve a harmonious blend of luxury and functionality. 

VITA at Grove Isle, Miami’s most renowned luxury developer, Ugo Colombo of the CMC Group, is delighted to introduce his most sophisticated residential condominium to date – Vita at Grove Isle. Eagerly anticipated by the most discerning brokers and buyers in the Miami market, this exclusive sanctuary of just 65 condominium residences is perfectly located on Grove Isle, a 20-acre private island in Coconut Grove. 

The Well Coconut Grove, a holistic wellness sanctuary, offers space to unwind, recharge, and focus on your well-being. Nestled in a lush, tree-lined neighborhood, it features 194 residences, including townhomes and lofts, with spacious balconies, light-filled interiors, and custom details designed to enhance vitality and energy. Developed by Terra & AB Asset Management, the homes boast Meyer Davis-designed kitchens with custom Italian cabinetry and vanities by Italkraft—more information to come soon. 

Interested in owning one of these exclusive new development homes in the sky? Contact The Costa Group for early access to the latest updates and personalized guidance on this premier project.

Work with the Costa Group

Considering making Coconut Grove your next home? The Costa Group specializes in luxury real estate in this historic neighborhood. With their in-depth area knowledge and exclusive access to off-market listings, Taty and Sophie are perfectly positioned to help you find your ideal home. Whether you’re looking for a waterfront property, a charming estate, or a luxury condo, we’re here to assist every step of the way. With our expertise in Coconut Grove’s unique market and dedication to outstanding service, we’ll ensure a seamless buying or selling experience. 

Contact us today to explore one of Miami’s most vibrant and sought-after communities.