Coconut Grove, Miami

Miami's oldest established neighborhood, Coconut Grove sits on Biscayne Bay between Brickell and Coral Gables—5.6 square miles of bay-front streets, canopy-covered blocks, and a luxury condo market anchored by Biscayne Bay waterfront.

Published September 18, 2026

Miami’s Original Neighborhood

Coconut Grove’s postal service opened in 1873—predating the City of Miami’s incorporation by more than two decades. The settlement grew from a small Bahamian and English community on the shore of Biscayne Bay, and in 1919 incorporated as an independent city. Six years later, on September 2, 1925, Coconut Grove was annexed by Miami following a special election in which over 87% of Grove residents voted against merger. The contested annexation became part of the neighborhood’s identity: The Grove has maintained a distinct character and a vocal civic voice ever since.

Today Coconut Grove operates as a neighborhood within the City of Miami, occupying approximately 5.6 square miles between the Brickell financial district to the north and Coral Gables to the south and west. Its eastern edge runs along Biscayne Bay. The neighborhood is known locally as The Grove.

Four Districts

Coconut Grove divides organically into four areas, each with its own land use pattern and real estate composition.

Center Grove is the commercial and entertainment core—CocoWalk (a 3-story open-air shopping plaza), restaurants, nightlife along Grand Avenue, and the weekend farmer’s market. Foot traffic in Center Grove is primarily daytime and evening retail.

North Grove concentrates the highest density of luxury condominium development along South Bayshore Drive and the waterfront blocks leading toward Brickell. Towers like One Park Grove, Two Park Grove, and Grove at Grand Bay rise from parcels with direct Biscayne Bay frontage and unobstructed views of the bay and the Miami skyline.

South Grove is primarily residential—single-family homes, estates, and townhomes set on streets shaded by large canopy trees. Condominium density in South Grove is low; the land use skews toward larger lots and lower-rise structures.

West Grove is the most mixed-use section of the neighborhood, with residential, commercial, and light industrial properties on a grid of smaller lots. It borders Coral Gables to the west.

Condo Market

The Coconut Grove luxury condo market is small by volume but high by price. As of mid-2026, approximately 21 condo buildings operate in the neighborhood with roughly 85 condominiums on the market for sale. The average asking price among active listings was $4.3 million, with an average asking price per square foot of $1,942. Closed transactions over the trailing six months averaged $1,729 per square foot. Months of inventory for condominiums sat at 10.63, reflecting a supply-heavy market at the luxury end relative to transaction velocity.

The total property value across The Grove (condominiums, single-family, and commercial combined) was approximately $1.2 billion across 334 tracked properties, with an average property value of $3.6 million.

Completed Buildings

One Park Grove and Two Park Grove are the most prominent completed luxury towers, developed on the South Bayshore Drive bayfront. Designed by Rem Koolhaas’s OMA with interiors by Rottet Studio, One Park Grove is a sculptural precast concrete structure with a distinctive cantilevered form. Units in the Park Grove complex are among the highest-priced per square foot in the neighborhood.

Grove at Grand Bay, completed in 2016 and designed by Bjarke Ingels Group (BIG), consists of two signature twisted towers with open-air terraces overlooking Biscayne Bay. The spiral form was engineered so that each floor rotates relative to the one below, eliminating any unit with a fully obstructed bay view.

Grovenor House on South Bayshore Drive is a mid-2000s tower offering direct Biscayne Bay views. It predates the current development cycle but benefits from the same bayfront location as newer construction.

Ritz-Carlton Residences Coconut Grove and Mr. C Residences are hotel-branded or service-enriched towers appealing to buyers who want hotel-level amenities in a residential structure.

Under Contract or Pre-construction

Four Seasons Private Residences Coconut Grove is in development, extending the Four Seasons brand’s residential footprint in Miami beyond Brickell.

The Well Coconut Grove incorporates a wellness-oriented amenity program as its primary differentiator—spa facilities, programming space for fitness and recovery, and food-and-beverage concepts integrated into the residential offering.

Vita Residences at Grove Isle is a planned tower on Grove Isle, a private island accessible by a single causeway off South Bayshore Drive. Grove Isle is entirely private—the causeway serves only the existing co-op buildings and the hotel site that the Vita project replaces.

Ziggurat is a stepped-form tower in development in the neighborhood.

Biscayne Bay, Marinas, and Boating

Coconut Grove’s bay frontage is its defining geographic asset. The neighborhood hosts five yacht clubs, several marinas, and the largest wet-slip facility in Miami.

Dinner Key Marina occupies the site of an early 20th-century U.S. Navy seaplane base. Pan American Airways used Dinner Key as its base of transoceanic operations in the 1930s, operating flying boat service to Latin America and Europe from this location. The City of Miami now operates the marina, which has 582 wet slips—the highest wet-berth count in Miami—along with a fuel dock, haul-out services, and a boatyard. Dinner Key Marina is open to the public and is the departure point for a range of Biscayne Bay charters.

Coconut Grove Sailing Club, established in 1946, operates a permanent racing program on Biscayne Bay and offers instruction and community sailing events. It is one of five yacht clubs operating within the neighborhood’s boundaries, which is unusual density for a single ZIP code in Miami-Dade.

Grove Harbour Marina is a newer private marina development adjacent to the commercial center, designed to activate the waterfront with restaurants, retail, and floating docks.

Parks and Cultural Landmarks

Vizcaya Museum and Gardens is an early 20th-century Italianate estate on 50 acres of bayfront grounds, commissioned by industrialist James Deering and completed in 1916. The main house and 10 acres of formal gardens are open to the public as a Miami-Dade County museum. The estate’s bayfront seawall and barge-shaped breakwater are among the most photographed structures on Biscayne Bay.

The Barnacle Historic State Park preserves the 1891 home of Ralph Munroe, one of The Grove’s original settlers. The house is documented as Miami-Dade County’s oldest existing structure in its original location. The 5-acre park includes shoreline on a small cove off the bay.

The Kampong is a 9-acre botanical garden operated by the National Tropical Botanical Garden on a bayfront estate owned originally by horticulturalist David Fairchild, who introduced avocados, mangoes, soybeans, and dozens of other plant species to the United States through his work with the USDA. The grounds are open by appointment.

Kennedy Park and Peacock Park are bayside greenspaces in the northern section of the neighborhood. Peacock Park occupies the site of the original Peacock Inn—the first hotel in Dade County (1882)—and provides open lawn, picnic areas, and bay views.

Annual events in The Grove include the Coconut Grove Arts Festival, one of the largest juried outdoor arts festivals in the southeastern United States held each February; the Goombay Festival, a Bahamian cultural celebration held in late spring; and the Seafood Festival at the Bayfront sites in January.

Location and Transit

Coconut Grove is 3.5 miles south of the Brickell financial district via South Bayshore Drive. The Douglas Road Metrorail station (Orange and Green lines) serves the neighborhood’s western edge near Coral Gables. The Coconut Grove Metrorail station is approximately 0.7 miles west of CocoWalk on Douglas Road, providing connections to the Miami Airport station (1 transfer), Brickell Station (15 minutes), and Government Center downtown.

Miami International Airport (MIA) is approximately 8 miles northwest via the Dolphin Expressway. The Port of Miami and Miami Cruise Terminal are roughly 6 miles north.

The neighborhood has no major highway running through it—US-1 is accessible via the Rickenbacker Causeway connector or via Coral Way to the south, and I-95 requires routing through Brickell. This limits through traffic but also means commuting by car to areas not on the Metrorail line requires surface streets.

What Buyers Should Know

Coconut Grove’s luxury condo declarations vary building by building in terms of rental restrictions and lease minimums. The inventory skews toward properties with conservative rental policies—the newer branded towers (Ritz-Carlton, Four Seasons) typically have minimum lease terms of 12 months and low annual lease frequencies. Buyers planning to rent should review the specific building’s recorded declaration, not the HOA rules or listing descriptions.

The 10.63-month inventory figure as of mid-2026 reflects a supply dynamic at the high end: properties are not selling at the pace of more liquid markets. Sellers in The Grove are competing for a narrower pool of buyers at the $4M+ price point, and pricing relative to recent comparables matters more here than in higher-velocity markets.

The inventory of pre-construction units in Coconut Grove—Four Seasons, The Well, Vita at Grove Isle, Ziggurat—adds to the competitive pressure on existing buildings in the North Grove corridor. Buyers comparing completed units against pre-construction should factor in completion risk, construction timeline, and the potential for new competition to affect existing-unit pricing in the near term.

Grove Isle is a private gated island accessible by a single causeway off South Bayshore Drive. The existing co-op structures on Grove Isle have separate ownership rules from standard condominium ownership—cooperative shares rather than deeded units—which has financing implications. The Vita Residences pre-construction project on Grove Isle will be structured as standard condominium units, not cooperative shares.

The Coconut Grove area was designated a Miami Design District/Design District-adjacent precinct historically, but the contemporary Art District and Design District are located several miles north in Midtown/Wynwood—a different area with different real estate characteristics. The Grove’s aesthetic is wooded and nautical rather than gallery-and-warehouse; buyers shopping both areas should compare them directly before assuming overlap.