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Coconut Grove
Miami's oldest neighborhood -- bohemian roots, bayfront village character, and a wave of new luxury towers
Photo: Anthony Quintano, Wikimedia Commons (CC BY 2.0)
Coconut Grove sits in an unusual spot among Miami’s condo markets: most of its housing stock is still historic single-family homes, and the condo corridor along South Bayshore Drive is a genuinely recent addition rather than the neighborhood’s original identity. That combination — tree-canopied village streets a short walk from architecturally significant new towers like Park Grove and Grove at Grand Bay — isn’t something Brickell or Downtown Miami can offer.
The market snapshot above pulls live from current MLS data, so the numbers you see reflect what’s actually closing in the Grove right now, not a stale estimate. If you’re comparing Coconut Grove against Coral Gables, the short version is: Coconut Grove leans bayfront and sailing-culture, Coral Gables leans inland and architecturally uniform — both are worth a look if you want more space and green than Brickell offers.
Pros
- Miami's most established tree canopy and walkable village-style commercial core
- Bayfront sailing/boating culture centered on Dinner Key Marina
- Strong private-school draw (Ransom Everglades, Carrollton) for family buyers
- Mix of historic single-family homes and new luxury towers -- more product variety than most Miami neighborhoods
Cons
- Far fewer condo buildings than Brickell or Edgewater -- less resale liquidity in the condo segment specifically
- Older housing stock can mean higher renovation/maintenance costs
- Limited new-construction land -- new towers are infrequent and command a premium
- Less direct highway access than Brickell; more of a drive to Downtown/the airport
Homes in Coconut Grove
Houses and condos are different markets here. Compare them, then open the search for either.
Condos and townhomes
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Pre-Construction in Coconut Grove
New-construction projects not yet delivered. We represent buyers exclusively on pre-construction purchases -- the developer pays our commission, not you.
Buildings in Coconut Grove
The Ritz-Carlton Residences Coconut Grove
From $1,150,000
Contact for current availability
View Building →Frequently Asked Questions
Is Coconut Grove part of Miami or its own city?
Coconut Grove was its own incorporated municipality until 1925, when it merged into the City of Miami. It retains a distinct identity and, on MLS listing data, addresses are sometimes tagged with a City of 'Coconut Grove' and sometimes 'Miami' for the same immediate area -- both refer to the same neighborhood.
What's the difference between Coconut Grove and Coral Gables?
They're adjacent, both leafy and historic, but distinct markets. Coconut Grove is bayfront with a sailing/village character and a newer luxury-condo corridor; Coral Gables is inland-and-bayfront with a more uniform Mediterranean Revival architectural code, the Biltmore Hotel, and the University of Miami. Ask for a comparison if you're weighing both.
Are there new-construction condos in Coconut Grove?
Yes, a limited but growing number -- Park Grove, Mr. C Residences, and the Ritz-Carlton Residences Coconut Grove are the recent wave along South Bayshore Drive, alongside older established buildings like Grove Isle and The Mutiny. Inventory is much thinner than Brickell or Edgewater since Coconut Grove has far less land zoned for high-rise development.
…Closed Sales (6mo)
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Months of inventory (3-month pace)
–Single-family homes
–Condos and townhomes
Months of inventory = homes for sale today (status Active) divided by the average number of homes sold per month over the last 3 months. Other sources may use a different method.
Live MLS data. Full breakdown: market reports.