New Construction Homes For Sale in Coconut Grove

Coconut Grove is one of Miami’s most supply-constrained neighborhoods for new construction single-family homes. The Grove’s tree canopy protections, lot coverage restrictions, and scarcity of available land mean that truly new homes here are built in small numbers each year. That scarcity is structural, not cyclical, and it is the single most important factor underpinning values in this market.

New construction dry lot homes in Coconut Grove are currently trading between $6M and $20M, with waterfront new construction easily exceeding $20M. Dry lot new construction sits between $1,400 and $2,000 per square foot depending on location, finish level, and lot size. Waterfront new construction, where choices are extremely limited, commands over $3,000 per square foot. For context, buyers comparing Coconut Grove against new construction homes in Coral Gables will find more inventory and more lot size for the dollar in Coral Gables, but without the walkability, bay proximity, and neighborhood character that drives buyers to the Grove specifically.

The neighborhoods with the most active new construction right now are Bay Heights, Natoma Manors, and the streets running off Le Jeune Road toward South Grove. Bay Heights commands the top of the PSF range given its elevated positions and bay views. Natoma Manors attracts buyers wanting larger lots and privacy without formal HOA restrictions. The Frow Homestead grid suits buyers who prioritize walkability to CocoWalk and the village center.

One critical caveat: not everything marketed as new construction in Coconut Grove is a ground-up build. Some listings are gut renovations on older foundations. That distinction affects insurance costs, building code compliance, and long-term resale. Always verify year built against permit history before making an offer.

For a full breakdown of what sold, what is sitting, and where values are heading, read our Q1 2026 Coconut Grove Market Update. Browse the listings below and contact us directly for off-market options that never reach the MLS.

A Complete List of all New Construction Homes for Sale in Coconut Grove

If you come to this page, you are probably looking for new homes for sale in Coconut Grove. This page provides a complete list of new homes for sale in Coconut Grove, but there is more.

More than just New Construction Homes for Sale in Coconut Grove

We are specialists in analyzing the local real estate market and provide a deeper understanding of the values of these homes and their neighborhoods. We provide our readers with essential neighborhood analysis and news. Below the properties, you will find a handful of related news articles that discuss the Coconut Grove real estate market. On the right side of the page, you can scroll through Coconut Grove’s real estate-related pages, such as homes in gated communities or waterfront homes. You can also choose one of the gated communities on the right-hand side and look for properties in these communities. Please do not hesitate to contact me with any questions or requests. As a purely analytical real estate group, we like to provide transparency to the market. Our motto is “Help our clients make better decisions”. We are not afraid to tell our buyers when a property does not make sense financially.

Off-Market Listings

New Coconut Grove homes for sale are sought-after by buyers. Unfortunately, the Grove is a small neighborhood with high demand. Most buyers are looking for new or newer homes. Therefore, once a new listing comes to-market buyers will compete for the same property. That is why we offer our clients off-market listings. We have established relationships with several key developers and are reaching out to them to get exclusive access to their inventory. Companies like CMA are already on our list, and we are working on getting homes for our clients. These are new construction homes offered off-market before they are ready. The developer mostly does not have marketing material ready but is willing to share details with potential buyers. The best of these is when you have a shell or something close to being finished to which you can add your personal touch. Click here to subscribe and let us cherry-pick brand new homes for sale in Coconut Grove, or call me directly at (305) 615-7549

Advantages of buying Coconut Grove New Construction homes in the early stages

I recently wrote an article on buying a shell home. We are dealing with a limited amount of brand new homes, and building your own Coconut Grove home is stressful and lengthy. There are many advantages of buying a shell home. If you are looking for new Coconut Grove homes for sale, this idea will help you.

My experience in studying and selling New Construction Homes in Coconut Grove

When taking advice on real estate, be sure to use an experienced and knowledgeable agent. I have 15 years of experience in the Miami real estate market and have extensive experience with new home sales, remodeling, and construction. Also, I have helped several clients through the entire home-building process. From buying the land (or tearing down property), to permit requests and warning for pitfalls until the resale of the brand new property. Furthermore, my wife is an established interior architect and designer who taught me how to spot cheap designs and finishes from high-end products. In short, I know what to look for and can tell the difference between a well-built new home and a poorly built home.

Pitfalls of Coconut Grove New Construction Homes for Sale

If you are looking for a new home in Coconut Grove, please use an experienced agent. Miami offers many new construction homes, some of them are spec homes and some are custom built. If you do not have experience with new developments in Coconut Grove, you might mistake standard finishes for luxury finishes. There are several aspects that you need to be careful with whether you are building a home yourself or buying. I have extensive knowledge and experience and will be delighted to guide you in the process.