Coconut Grove’s Best New Penthouse for Sale in 2026: The Well Penthouses Explained

The Well Residences Coconut Grove just released pricing on its eighth-floor penthouse collection, and the numbers change how you should think about ultra-luxury condos in the Grove. Seventeen penthouses, each with 22 to 23-foot ceilings, are priced from $6.1 million to $10.8 million, averaging $8.2 million. Anywhere else in Miami, that much cubic volume in a primary residence carries a price tag north of $50 million.

This is the second entry in our 10 Best New Development Condo Units for Sale in Miami in 2026 series, and it’s the first time The Well Penthouses have been shown publicly with real pricing and floor plans. We’re the David Siddons Group (DSG), and we’re directly involved in selling this project, so what follows isn’t secondhand market commentary. It’s what we’re telling buyers on calls this week.

What The Well Is, and Why Coconut Grove Buyers Are Circling It

The Well Coconut Grove is a 186-unit, eight-story building on Tiger Tail Avenue, tucked directly behind Park Grove and The Ritz-Carlton, developed by the Terra Group. The building is roughly 60% sold, with pricing across the project ranging from $1.5 million to $10.5 million and a sweet spot between $3 million and $6 million, currently the most active price band in Coconut Grove. Delivery is set for the end of 2028.

The building is built around a health and wellness concept unlike anything else in the Grove: a rooftop-level amenity deck of nearly an acre, dedicated wellness facilities, and an integrated wellness business creating a real social ecosystem rather than a standard amenity checklist. That matters because Coconut Grove has become the top destination in Miami for primary relocation buyers, people moving here to live, not just to park capital. The Well is built for that buyer specifically, with larger-than-average units designed as homes, not rental-style inventory.

The Penthouse Floor: 17 Homes Stacked on Top of a Condo

The entire eighth floor of The Well is penthouses, and no two are alike. Ceiling heights run 22 to 23 feet, which is the detail that changes the math entirely. Square footage measures a space in two dimensions. Cubic volume adds the third, and at double the ceiling height of a standard 10 to 12-foot condo, these units carry roughly double the interior volume.

Priced at an average of $2,500 per square foot, that volume effectively costs half of what you’d pay per cubic foot in a standard new development condo. Every one of the 17 units places the primary bedroom on the lower level, with secondary bedrooms upstairs, a layout built for empty nesters who want single-level living without giving up separate space for family or guests. Units range from 2,400 to just under 4,000 square feet, several with more than 1,500 square feet of terrace, and all with a proper pantry, full laundry room, and walk-in closets sized like real homes rather than condos.

Penthouse 01 West: The Unit That Makes the Case

Penthouse 01 West is the largest and most expensive unit in the collection, priced just below $10.8 million at roughly $2,800 per square foot. It’s just under 4,000 square feet, three bedrooms plus two dens, with south, east, and west exposure and 55 feet of linear frontage across a living room that runs 26 feet deep under a 22-foot ceiling.

The primary suite sits on the lower level with a 224-square-foot walk-in closet, larger than some Miami and New York studio apartments, plus a primary bath with actual windows, a rare feature in condo construction. South-facing rooms catch partial water views toward Park Grove and the Mutiny. West-facing rooms look over Downtown Grove and the tree canopy, putting the unit above Coconut Grove’s signature greenery rather than staring at open sky from 50 floors up. The building sits one block from the Grove’s restaurant row, with six restaurants within 20 feet of the front door.

Why This Is a Value Story, Not Just a Price Tag

At $2,500 per square foot for penthouse-floor product, The Well undercuts comparable Coconut Grove new construction while delivering ceiling heights nothing else in the neighborhood offers. Vita resells around $2,500 per square foot on water-view units with standard ceiling heights, and its penthouses run near $20 million. Mr. C Residences front units run $6 to $7 million with almost no inventory currently available. Grove at Grand Bay sits near $2,000 per square foot with obstructed view corridors, and Park Grove tops out at $3,800 to $3,900 per square foot with 12-foot penthouse ceilings, less than half The Well’s height. The Four Seasons Residences Coconut Grove runs $3,500 to $4,000 per square foot on a waterfront product. Miami Beach new construction (eg The Perigon) routinely clears $4,000 per square foot, with penthouses above $5,000 when they trade at all.

The distinction is simple: you buy Vita, Park Grove, or a Miami Beach tower for the view. You buy The Well for the walk, the ceiling height, and a wellness-driven lifestyle you can’t get anywhere else in the Grove. If you’re comparing single-family homes instead, gated Moorings and Camp Biscayne properties run $2,200 to $3,000 per square foot before you’ve added a single amenity.

What to Do If You’re Considering One of These 17 Units

Don’t shop this against generic price-per-square-foot comparisons. Ask what the cubic volume and ceiling height are worth to you as a primary residence, because that’s the variable driving this pricing, not the water view. If a lower-level primary bedroom and true single-story living matter to your next 20 years in Miami, this floor plan solves for that in a way most Grove product doesn’t. And because only 17 of these exist, and pricing has just gone public, the units at the low end of the $6.1 million to $10.8 million range will move first.

The Bottom Line: 17 Units, One Window Before This Goes Wide

Seventeen penthouses. Six point one to ten point eight million dollars. Twenty two to twenty three foot ceilings that no other Coconut Grove new construction can match. That’s the entire opportunity, and it’s a narrow one. Once a floor plan sells, it’s gone, there’s no second release on a one-of-17 collection.

We’re the David Siddons Group, and we sell The Well directly, which means you get the pricing sheet, the floor plans, and the honest read on which of the 17 units actually fits your life, not a recycled listing. David Vasquez is our Territory Manager for Coconut Grove and has lived in the neighborhood for almost 20 years, so he knows which exposures catch the morning light and which units back up to the quietest part of the block.

Call the David Siddons Group at 305.508.0899 or email [email protected] to schedule a private walkthrough of The Well Penthouses and get the full unit-by-unit pricing sheet before the rest of the market sees it. You can also schedule a private presentation of The Well directly through the calendar application below.