Coconut Grove: A transition from Birkenstocks to Billionaires

The appeal of Coconut Grove – Bohemian chic with a glitzy edge

The family friendly and exceedingly desired Coconut Grove has always been known for its eclectic artist community and its laid back lifestyle. Today however, new ultra-luxury condos and waterfront mansions are being built in the Grove which is getting glitzier than ever and is now attracting wealthy families from all over the world.


This family friendly and exceedingly desired part of Miami has always been known for its eclectic artist community but due to the new luxury condos and raising land prices.

The Grove’s desirability has started a few years ago when affordable homes were snatched from the market after being listed for just a few days. Today, the demand has outgrown the supply to the level of investors buying up teardown properties (sometimes not even teardown worthy) to build the home of their dreams.

The attraction of Coconut Grove

The 5.6 square mile village has been annexed in 1925 and predates the founding of Miami. With its tree filled, jungle-esk streets (occasionally the catwalk of a muster of peacocks) and Bahamian, timber frame conch houses, the Grove is like no other part of Miami. This laid back village provides a more Bohemian feel. While buyers are lining up, those who bought are likely to stay.

Why does the Grove appeal to buyers?


  • Safety. This 24/7 police controlled area has been named the safest area in Miami by the Miami Dade police.
  • Geographic location: The Grove is ideally located in the center of it all. You are minutes away from the financial center in Brickell as well as 5-10 minutes from Coral Gables‘ commercial and business districts.
  • Walkability: The Grove is known for its walkability. The core of the Grove, which is centered around Cocowalk which is home to many little boutiques, art galleries, ice cream parlors and cozy little lunch rooms and restaurants. During the weekends many Grovites can be found here.
  • The tree filled streets: The lush vegetation of oak and banyan trees in the Grove is one of its main assets. Many people feel like they are truly living in a village within Miami.

Coconut Grove Real Estate

Last but definitely not least Coconut Grove offers a variety of chic, often waterfront homes that have increased significantly in value over the last few years. Coconut Grove is now also home to two of Miami’s most luxurious condo projects. Please read more about Coconut Grove real estate below.

A selection of luxury homes and condos for sale

Real Estate in Coconut Grove – Homes and Condos

Homes in the Grove are among Miami’s most desired properties. Besides the before-mentioned advantages of living here, the area is rich in beautiful properties often located in quiet and private streets. Many homes are located in guard-gated communities which is especially attractive to wealthy families with children. As Coconut Grove is a located along the Biscayne Bay the waterfront aspect also plays an important role in the demand for homes

Search directly for Coconut Grove homes for sale
Looking for a home in a gated community?
Read more about Gated Communities in Coconut Grove:
Entrada Estates  • Hughes Cove • The Moorings 


Luxury condos in the Grove are limited. There is the Grovenor House, which is located on a waterfront parcel overlooking the Marina as well as the Ritz Carlton Residences. The announcement of Grove at Grand Bay, followed by Park Grove has made a major impact on the Grove’s condo market. The latter two condos are the first truly luxury condos in Coconut Grove and have been selling successfully as the demand for this type of product is high.

The newest luxury condos:
Park Grove
Grove at Grand Bay

Are you looking to invest in Coconut Grove or are you selling your Coconut Grove property?

I’m your Coconut Grove Expert

David Siddons | +1 305 508 0899

Meet the team and see our unique insights into the Miami Real Estate Market

No generalized opinions but an analytic approach

Preferred agents of First time buyersSellersInvestors and Wealth Managers


How we market your property

Why we stand out

David Siddons and HNWI’s


These are the most commonly asked Google Real Estate Related questions

1. What are the Current Best New Condos in Miami?

If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023

2. What is the best New Construction Condo in Fort Lauderdale?

In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.

3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami? 

Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!


For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.

  • Analytical

    Over 100 reports produced to date

  • Knowledgeable

    Over 1800 published articles and counting

  • Experienced

    Over $2 billion in real estate sales

David Siddons

Related Articles