Coconut Grove offers something different in Miami - historic character, lush landscaping, and a village feel with modern luxury amenities. Here's why "The Grove" is perfect for sophisticated buyers in 2025.
The Grove's Unique Character
Miami's oldest neighborhood (established 1873) combines:
- Canopy of old-growth trees
- Historic homes alongside modern condos
- Bohemian-chic atmosphere
- Biscayne Bay waterfront
- Walkable village center (CocoWalk)
- Arts & culture scene
Luxury Buildings
Grove at Grand Bay: Bjarke Ingels' twisted towers. Modern architecture with bay views. Units: $1.5M-$10M.
Park Grove: Three OMA-designed towers with 5-star hotel services. Bayfront location. Units: $1M-$8M.
Vita at Grove Isle: Private island living with marina. Resort-style amenities. Units: $800K-$4M.
Waterfront Estates
Single-family waterfront homes are Grove's crown jewels:
- Direct bay or canal access
- Private boat docks (60-100+ feet)
- Lush tropical landscaping
- 4,000-8,000+ sq ft homes
- Prices: $4M-$25M+
Pricing 2025
Coconut Grove offers diverse price points:
- Condos: $400K-$2M (1-2 bed)
- Larger condos: $2M-$8M (3+ bed)
- Waterfront homes: $4M-$25M+
- Historic estates: $3M-$15M
Lifestyle & Amenities
CocoWalk offers shopping and dining. Regatta Park and waterfront venues host events. Vizcaya Museum provides cultural enrichment. Multiple marinas for boating enthusiasts. Excellent schools (Ransom Everglades, Carrollton) make it family-friendly.
Who Lives in The Grove?
Families, artists, professionals seeking character over modern high-rise living, boating enthusiasts, and those who appreciate historic charm with modern convenience. More laid-back than Brickell or South Beach.
Investment Perspective
Appreciation: 4-6% annually. Rental yields: 3-4%. Limited new development preserves character and value. Best for lifestyle buyers and long-term holds. Waterfront properties appreciate most consistently.
Coconut Grove offers a rare combination - Miami's tropical lifestyle with tree-lined streets, village charm, and waterfront luxury rarely found in modern developments.
Explore Coconut Grove's finest properties - from waterfront estates to luxury condos - with Team DOM50's local expertise.
