Completed Coconut Grove · Miami-Dade
Arbor Residences
Condominium · ~$1.2M at relaunch
TCO March 2026
The neighborhood
Coconut Grove is Miami's oldest continuously settled neighborhood, and it still keeps the character that made it famous: banyan-shaded streets, a working marina, and a relaxed, creative waterfront culture.
The housing stock runs from historic cottages to bayfront estates and modern condominiums. Buyers drawn to the Grove tend to value privacy, greenery, and a slower pace than Brickell, all within twenty minutes of downtown.
The market is defined by its enclaves: the gated waterfront communities of Bay Heights and The Moorings, the estate sections of the South Grove, and the condominiums around the marina and Grove Isle. Prices vary as much by street as by property type.
For buyers who want Miami's most established village character with real water access, Coconut Grove is the address. We work the neighborhood enclave by enclave, because the right street here can matter more than the right building.
It is a village within the city, and its best addresses trade quietly and stay tightly held.
What to know
The character of Coconut Grove.
01
Tree-canopied streets
Mature banyans and tropical landscaping give the Grove a distinct, shaded character.
02
Bayfront and marina
Dinner Key Marina, bayfront parks, and waterfront dining anchor the village.
03
Historic character
A mix of historic homes, modern estates, and low-rise condominiums.
04
Village life
CocoWalk, the Grove's boutiques, and a calendar of community events.
City & community overview
Coconut Grove at a glance.
Coconut Grove is Miami's oldest neighborhood, settled in the 1870s and known for banyan trees, a working marina, and a creative, laid-back waterfront culture. It is a village within the city: boutiques and cafés around CocoWalk, a sailing and boating life around Dinner Key, and some of the most private estate streets in Miami.
Coconut Grove is part of the city of Miami, whose population was estimated at 489,812 as of July 1, 2025 (U.S. Census Bureau QuickFacts, Vintage 2025).
Neighborhoods & districts
- The historic village and CocoWalk
- Bay Heights, the gated waterfront enclave
- The Moorings and Camp Biscayne
- South Grove estates
- Dinner Key and the marina
- Grove Isle, the island community offshore
History
Coconut Grove was settled in the 1870s by Bahamian and New England pioneers, making it Miami's oldest neighborhood. It became a winter colony of artists and writers, then a bohemian village, and today it balances historic character with modern luxury. Dinner Key, once a Pan American seaplane base, is now the city's marina and the Grove's waterfront center.
Commercial districts & employment
The Grove's commercial life centers on the village: CocoWalk, Main Highway, and Commodore Plaza hold boutiques, restaurants, and cafés. The neighborhood has little office employment; residents work across Miami, with Downtown and Brickell about 20 minutes away.
Accessibility & getting around
Coconut Grove sits on US-1 south of the city center, with the Rickenbacker Causeway at its eastern edge. Downtown Miami and Brickell are about 20 minutes by car, Miami International Airport about 25, and the Grove is served by Metrorail along US-1.
Market overview
The Coconut Grove market, in numbers and context.
Figures below are drawn from the cited sources and reporting periods. Markets move, so treat any number as a snapshot, not a promise. We verify current activity, comparable sales, and pricing for the specific property you are considering.
Median sale price (all homes)
$2.85M
Redfin, 3 months ending Aug 2026, up 68.4% YoY
Median price per sq ft
$1,060
Redfin, 3 months ending Aug 2026, up 23.0% YoY
Median condo sale price
$1.51M
JMC Real Estate, trailing 12 months
Condo price per sq ft
~$1,504
JMC Real Estate, trailing 12 months
Condo days on market
69
JMC Real Estate, trailing 12 months
Condo months of supply
8.5
JMC Real Estate, buyer's market
Single-family median (alt.)
$3.4M
Big Data Realty, 3 months through May 2026
Coconut Grove is a waterfront market with strong pricing. Redfin reported a median sale price of $2.85 million across all home types for the three months ending August 2026, up 68.4% year over year, with the median price per square foot at $1,060. The single-family segment is the driver: Big Data Realty put the single-family median at $3.4 million for the three months through May 2026.
The condo market is substantial and distinct. JMC Real Estate's trailing twelve-month snapshot shows a $1.51 million median condo price with about $1,504 per square foot and 69 days on market, at 8.5 months of supply. The luxury condo tier, tracked jointly with Coral Gables by Condo Black Book, showed a $1.7 million median in Q3 2025 with the fastest-selling days-on-market figure in Miami.
Average sale price is not consistently published for the Grove; the mix of estates and condos makes averages misleading. Segments above $3 million and $5 million are dominated by bayfront estates and gated enclaves. For a specific property, we verify current comparables. Contact for current information.
Data source
Redfin; JMC Real Estate; Big Data Realty; Condo Black Book
Reporting period
Three months ending Aug 2026; trailing 12 months; Q3 2025 luxury report
Updated
October 2026
Where to look
Neighborhoods and communities in Coconut Grove.
Each area has its own character, housing stock, and price point. We verify gated status, waterfront access, and association details for the specific property you are considering, since these vary street by street.
01
The historic village
The center around Main Highway and CocoWalk, with boutiques, cafés, and the Grove's village life. Condominiums and townhomes mix with historic cottages.
02
Bay Heights
The walled, guard-gated enclave of about 56 homes on tree-lined streets, with 24/7 security and the Grove's famous peacocks. One of Miami's most private addresses.
03
The Moorings & Camp Biscayne
Small, gated waterfront enclaves of historic character with bay views and private streets. Rare inventory, tightly held.
04
South Grove
The estate section known for lush landscaping, large lots, and a tranquil, private atmosphere. The Grove's most traditional luxury addresses.
05
Dinner Key & the marina
The waterfront center around the marina, with condominiums, the sailing club, and bayfront parks. The heart of the Grove's boating life.
06
Grove Isle
The 20-acre island community just offshore, with its own condominium towers, hotel, and private club.
Luxury opportunities
Luxury real estate in Coconut Grove.
Coconut Grove luxury is waterfront and private: gated enclaves, bayfront estates, and condominiums with marina and bay views. The market rewards character and scarcity, with the best addresses held tightly and sold quietly. Entry pricing for luxury product starts around $1.5 million and rises into the tens of millions on the bayfront.
Property types
- Bayfront and water-view estates
- Gated enclave homes in Bay Heights and The Moorings
- Marina and bay-view condominiums
- Grove Isle residences
- Historic homes and cottages on village streets
- New construction on estate lots
What buyers should evaluate
- Water frontage, exposure, and dock access
- Gated community security and rules
- Architectural character and historic status
- Insurance and flood considerations on the bay
- Proximity to the village, marina, and schools
- Resale evidence on the same street or enclave
Lifestyle, dining & recreation
Living well in Coconut Grove.
The beaches, parks, dining, shopping, and culture that shape day-to-day life here. We list established places and districts; confirm hours and current programming before you visit.
Dinner Key Marina
One of the largest wet-slip marinas in Florida, the center of the Grove's sailing and boating life.
CocoWalk
The village's shopping and dining center, with cinemas, restaurants, and a lively public square.
Peacock Park & the bayfront
The Grove's waterfront parks along the bay, including the historic Peacock Park.
Coconut Grove Sailing Club
The community sailing club on the bay, a fixture of the Grove's waterfront culture.
Vizcaya Museum & Gardens
The early-20th-century estate museum on the bay, minutes north, one of Miami's great cultural landmarks.
Goombay Festival
The annual celebration of the Grove's Bahamian heritage in the historic West Grove.
Schools, healthcare & getting around
The essentials in Coconut Grove.
Schools
Healthcare
Coconut Grove is close to Baptist Health, Jackson Health System, and the University of Miami Health System facilities, with urgent care and pharmacies along US-1 and Grand Avenue.
Transport & airports
Coconut Grove sits on US-1 with Metrorail service and the Rickenbacker Causeway at its eastern edge. Downtown Miami and Brickell are about 20 minutes by car and Miami International Airport about 25.
Waterfront, insurance & ownership
What to weigh before you buy in Coconut Grove.
The Grove's bayfront and marina character comes with flood, insurance, and maintenance considerations. We review these for every waterfront property before you commit.
FEMA flood zones
Bayfront and marina properties lie within FEMA flood zones. We verify the current FEMA map and elevation certificate for any property you consider.
Flood & homeowners insurance
Flood insurance is typically required on the water and is separate from homeowners coverage. Premiums vary by zone, elevation, and exposure.
Hurricane preparedness
We review impact glazing, storm readiness, and post-storm history for waterfront homes and their communities.
Seawalls & docks
Seawall condition, dock permits, and maintenance obligations are critical on the bay and the canals. We verify them for every waterfront property.
Condo association health
For condos, association financials, reserves, and pending assessments are critical. We review the documents for every building you consider.
Boating access
The Grove offers direct Biscayne Bay access; we verify slip availability, marina terms, and bridge clearances for larger vessels.
New construction · Pre-construction
New construction and pre-construction in Coconut Grove.
Developments we track in and around Coconut Grove, with construction status, pricing, and estimated completion. Prices are starting points and change as phases sell; where a fact is not confirmed, the card says so and we share current information on request.
Completed 
Completed Coconut Grove · Miami-Dade
Mr. C Residences Coconut Grove
Condominium · ~$1.7M at launch; resales from ~$1.69M
Delivered 2024
Completed Coconut Grove · Miami-Dade
Park Grove
Condominium · Resale listings from ~$940K
All three towers delivered 2018-2020
Completed Coconut Grove · Miami-Dade
Vita at Grove Isle
Condominium · ~$6M
Waterfront Delivered 2025 (permanent CO August 2026)
Community FAQ
Coconut Grove real estate FAQ.
The questions buyers and sellers ask most about Coconut Grove: the market, condos, new construction, waterfront, schools, lifestyle, and the specifics of buying and selling here. Every answer reflects how we actually work this neighborhood.
Browse all South Florida FAQsWhat is the Coconut Grove real estate market like?
Coconut Grove is Miami's oldest neighborhood, with bayfront calm, tree-canopied streets, and a village character that draws buyers seeking a quieter luxury lifestyle. The market spans bayfront homes, condos, and new boutique projects. Inventory is tighter than the urban core, and the right property can sell quickly.
What are the best neighborhoods in Coconut Grove?
The Grove's best addresses sit along the bayfront, in the historic village core, and in the gated enclaves near the water. Each has a different character, from the walkable village to the private estates. The right fit depends on whether you want to walk to dining or disappear into a private compound.
Are there waterfront homes in Coconut Grove?
Yes, Coconut Grove has some of Miami's most desirable bayfront homes, with direct water exposure, private docks, and mature tropical landscaping. Waterfront inventory is scarce and tightly held. The best properties combine water access with the Grove's village lifestyle.
What is the new construction scene in Coconut Grove?
Coconut Grove is adding boutique luxury projects, including waterfront condos like Vita at Grove Isle, rather than the large towers of Brickell or Edgewater. New product is limited, which keeps the existing inventory valuable. Buyers should compare new pricing against the Grove's established bayfront buildings.
How do I sell my house in Coconut Grove?
Coconut Grove sells on bayfront living and village charm: water exposure, tropical setting, and walkability to the Grove's dining and parks. Price against sales on your street and waterway, and emphasize the lifestyle in the marketing. Grove buyers are often local and move deliberately, so patience and targeted exposure matter.
What is the lifestyle like in Coconut Grove?
The Grove is a village: waterfront parks, tree-lined streets, boutiques, and dining along the bay, with a relaxed pace that feels far from the towers of Brickell. Residents walk, sail, and gather at the water. It is Miami's most established family and lifestyle neighborhood.
What are the best schools near Coconut Grove?
Coconut Grove feeds into some of Miami-Dade's strongest public schools, and the private school options nearby are among the best in the county. School assignments are address-specific, so we verify the feeder pattern for any property you consider. For many families, the schools are the reason to choose the Grove.
Is Coconut Grove a good place to raise a family?
Yes, Coconut Grove is one of Miami's classic family neighborhoods, with parks, schools, and a safe village character. The trade-off is price: bayfront and village homes command a premium. Families who want the waterfront lifestyle with a community feel consistently choose the Grove.
How do I buy a home in Coconut Grove remotely?
Remote purchases work well in Coconut Grove: virtual tours, remote inspections, and coordinated closings, with us handling the on-the-ground verification. Many of our Grove buyers purchase from out of state and close without visiting in season. The key is a thorough virtual walkthrough and accurate comparables.
Work the market
Make Coconut Grove part of your plan.
Whether you are buying, selling, or investing, let us know what you are considering in Coconut Grove and we will respond with the evidence that matters: current activity, comparable values, and available opportunities, public or off-market.
Coconut Grove and South Florida FAQsInquire about Coconut Grove
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