Park Grove in Coconut Grove – A Complete Review

Park Grove, Miami Bayfront Residences In Coconut Grove designed by Rem Koolhaas

A bayfront luxury condo | 50,000 Sq.Ft of amenities | 3 different towers
Tower 3 from $660,000 | Tower 2 from $2,25M | Tower 1 from $4,2M

[Updated: March 2016]

Park Grove in Coconut Grove is a new architectural masterpiece by Rem Koolhaas’ Office for Metropolitan Architecture. The Park Grove Condo project will feature 3 towers and 298 completely finished residential units located in a 5.2-acre waterfront park with over 50,000 Sq.Ft of amenities and a major collection of Art, displayed throughout the property.

Park Grove in Coconut Grove

Park Grove in Coconut Grove is special in its kind as in Coconut Grove there are only a limited number of ultra-luxurious condos for sale. The Grove at Grand Bay Project which is being built in the same area at Park Grove was the first project to be build in a long time and this project sold out in rapid paste.

Park Grove really sets itself apart by providing a high-quality product with high-end finishes in an area where there is a lot of demand for Luxury Real Estate yet limited inventory.

Fast Facts: Park Grove Residences in Coconut Grove

• Architecture by OMA – Rem Koolhaas
• Developers: Terra Group and Related
• Interiors by William Sofield
• Landscapes by Enzo En
• Italian Cabinetry with Glass Doors and Stone Countertops
• Sub-Zero/Wolf Appliances
• Units Come completely finished | Buyer will get a choice of finishes.

Features of Park Grove in Coconut Grove

Designed by a world-class team of leading architects, designers, and developers, Park Grove marries inventive modern design with the area’s rich cultural legacy, creating an ambiance that is as luxurious as it is relaxed. From its residences to its amenities and club, Park Grove offers the ultimate in serene bayfront living.

The Amenities at Park Grove

To be accessed by all Park Grove residents as well as outside members

See all the latest pictures of Park Grove in Coconut Grove

Download the Park Grove Brochure here

Download the Park Grove Magazine here

The different Towers of Park Grove Explained

Towers 1 and 2 of Park Grove are almost shaped like a peanut and with design taken from Apogee South beach they will have some unique and stunning characteristics like only 4 residences per floor, 12 Ft ceiling, 20 Ft wide balconies, private elevators and some residences will feature private pools. In the picture here below tower 1 (The most luxurious of the three) is the condo located in the very right hand site, tower two is the condo in the middle

Tower 3 (The Park Grove Club Residences) will have 10Ft Ceilings. There will be more units per floor and residences will be slightly smaller than residences in tower 1 or 2. In the drawing here below, tower 3 is located on the left hand site

• Dedicated elevator lobbies and private elevators to residences
• Expansive outdoor living area (up to 1,000 Sq.Ft)
• 12-foot ceiling heights
• Aluminum floor-to-ceiling glass window walls
• Private Dining Room
• Private pools for select penthouse units

Starting at $4,2M
Prices are subject to change

The Residence at Park Grove – Tower 2

The Residences at Park Grove – Tower 3 / The Club Residences

Buyers can choose from 8 different models. All the units will have:

• 10Ft Ceilings Heights
• Sub-Zero/Wolf Appliances
• Floors and Baseboards finished
• Gas Cooktops

Prices range between $660,000 – $973,000

Park Grove is redefining the Coconut Grove luxury condo market together with Grove at Grand Bay. This latter condo saw their pre-construction prices rise from $850 per sqft to $1,250 per sqft.

Certainly, Coconut Grove has a very different dynamic to the Brickell Condo Market. Coconut Grove has a very limited supply of high-end condos and the ultra-luxury market was non existing before Park Grove and Grove at Grand Bay were announced. The demand for such luxury condos is very much present as can be seen from the success both condo projects have in selling their units. Coconut Grove is exclusive and it is the new place to be. According to the Wall Street Journal, the Grove has seen a true transition from Birkenstocks to Billionaires in the last few years and this ‘Bohemian chic’ part of Miami is now where everyone wants to be.  The demographic that buys in the Grove is primarily looking for a primary residence and not for merely an investment. You will find that within a condo the majority of units are primary or secondary home owners, and of recent many home owners are down grading (empty nesters) who don’t want the big home anymore, but prefer very high end living with great views, amenities and exclusive service.

The Investment Value of Park Grove in Coconut Grove

As said before there is a true lack of ultra-luxury towers while the demand is high. This not only goes for the sales market but also for the rental market.

Check my independent review on why Park Grove Condo offers great investment values

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