Listed by Fortune Christie's Intl R.E.

Recently sold · Coconut Grove

$1,400,000

2843 S Bayshore Dr # 6B, Miami FL 33133

Listed by Coldwell Banker Realty · Sold by Compass Florida, LLC.

Public MIAMI MLS record · deemed reliable but not guaranteed · MiamiCityRealty.com not necessarily a party

Miami · ZIP 33133 · Live MLS

Coconut Grove

Coconut Grove is Miamis oldest neighborhood — founded 1873. Banyan canopy, bayfront yacht clubs, Vizcaya, Ransom Everglades and Carrollton.

$2.4M

Median price

$1115

Per sq ft

362

Active listings

54.5 d

Median days on mkt

Price position +224% vs MCR median
⊞See all

Median list price

$2,430,000

For-sale active inventory

Price / sq ft

$1115

Across active listings

Active inventory

362

On the market right now

Median days on market

54.5

Well-priced units move faster

✦ Computed live from MIAMI MLS active inventory · refreshed every few hours · updated September 5, 2026

Coconut Grove real estate market data, live from MIAMI MLS, updated September 5, 2026
Median list price$2,430,000
Median price per square foot$1115
Active for-sale inventory362
Median days on market54.5 days
Median asking rent$5,300 / month
Year-over-year price change-54.8%
Homes in a FEMA high-risk flood zone11% of active for-sale homes
Typical home typeCondominium

Market pulse

How Coconut Grove is trading

Median asking price by month listed, plus how active inventory splits — all live from MIAMI MLS active listings (not closed sales).

Median list price, by month listed

12-mo avg
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep

-54.8%

Median list, recent vs. earlier

$2,812,964

12-month average

362

For-sale listings

What's on the market, by price

Share of active for-sale inventory

Under $500K 7% · 27
$500K – $1M 13% · 46
$1M – $3M 40% · 143
$3M – $10M 33% · 121
$10M+ 7% · 25

Recently sold in Coconut Grove (12)

Public MIAMI MLS closings
Sold $1,400,000 2843 S Bayshore Dr # 6B, Miami FL 33133 Sold Sep 3, 2026 Listed by Coldwell Banker Realty · Sold by Compass Florida, LLC. Sold $1,075,000 2195 SW 25th Ter, Miami FL 33133 Sold Sep 2, 2026 Listed by Colfax Realty International Inc · Sold by WERC Realty, LLC Sold $1,080,000 2000 SW 25th St, Miami FL 33133 Sold Aug 25, 2026 Listed by A.D.C. Fl Invest, Inc. · Sold by Compass Florida, LLC. Sold $1,225,000 2221 SW 26th Lane, Miami FL 33133 Sold Aug 23, 2026 Listed by RE/MAX Advance Realty II · Sold by Innovatio Realty Group Sold $3,440,000 3200 Thomas Ave, Miami FL 33133 Sold Aug 20, 2026 Listed by Elite International Realty Inc · Sold by NO MLS PARTICIPATION (MAR) Sold $2,260,000 3233 Crystal Ct, Miami FL 33133 Sold Aug 18, 2026 Listed by RGI Realty · Sold by RGI Realty Sold $2,699,999 2496 Abaco Ave, Miami FL 33133 Sold Aug 18, 2026 Listed by The Keyes Company · Sold by Compass Florida LLC Sold $440,000 90 Edgewater Drive, Coral Gables FL 33133 Sold Aug 10, 2026 Listed by EXP Realty LLC · Sold by Coldwell Banker Realty Sold $3,000,000 95 Shore Dr W, Miami FL 33133 Sold Jul 30, 2026 Listed by DLS International Realty · Sold by Compass Florida, LLC Sold $6,050,000 2627 S Bayshore Dr # 2904, Miami FL 33133 Sold Jul 30, 2026 Listed by Engel & Voelkers West Palm Beach · Sold by Fortune International Realty Sold $22,500,000 4040 Kiaora St, Miami FL 33133 Sold Jul 26, 2026 Listed by Douglas Elliman · Sold by Compass Florida, LLC Sold $3,100,000 3400 SW 27th Ave # 602, Miami FL 33133 Sold Jul 23, 2026 Listed by Coldwell Banker Realty · Sold by Compass Florida, LLC.

Closed-sale data from the MIAMI MLS · deemed reliable but not guaranteed. MiamiCityRealty.com was not necessarily involved in these transactions; the listing and selling brokerages credited above are the parties to each sale.

The insider read

Why Coconut Grove is different

Coconut Grove is older than Miami. It was founded in 1873 — 23 years before Miami was even incorporated as a city. The Barnacle, the 1891 pioneer home of yacht designer Ralph Munroe, still sits at 3485 Main Highway on its original foundations. Vizcaya, James Deering’s 1916 Italianate estate, anchors the bay-front. The Grove’s banyan canopy was planted in the 1920s and 1930s by residents who fought (successfully) to keep developers from clear-cutting it. A century later, the trees still arch over Main Highway like a cathedral nave. Coconut Grove is the one Miami neighborhood that actually feels old.

What that means for real estate: the Grove buyer is fundamentally different from the Brickell buyer or the Miami Beach buyer. Grove buyers are buying stability. The schools. The trees. The yacht clubs. The Grove home-to-sale ratio is the lowest in Miami-Dade — people who buy here tend to stay, and turnover is low. The market is quieter, more clubby, more relationship-driven than the rest of Miami. The off-market deal flow in this neighborhood is real and consequential.

The four Coconut Grove markets

  • Homes & Luxury Homes — single-family in the historic Grove pockets (Center Grove, North Grove). $1.5M–$5M. The bulk of the Grove’s everyday transactions.
  • Mansions — large historic and contemporary single-family on the prestige streets: Tigertail Avenue, South Bayshore Drive, Devon Road, Kumquat Avenue, Loquat Avenue. $5M–$15M. The “I just got back from sailing” tier.
  • Estates — the gated and waterfront enclaves: Camp Biscayne, The Moorings, Tigertail Lake Estates, Coconut Grove Yacht Club Estates, the bayfront stretch of South Bayshore. Plus Grove Isle (private island residential). $10M–$35M+. Deep-water dockage or yacht-club membership comes with most.
  • Boutique Buildings — Park Grove (the Norman Foster + Rem Koolhaas project), Grovenor House, Vita at Grove Isle, One/Two/Three Park Grove, The Mayfair residences. $1M–$15M. Boutique condos for buyers moving from the Grove’s home tier, and for those upgrading from Brickell for the lifestyle.

Live Coconut Grove inventory by market tier

Every listing priced in dollars AND Bitcoin. Tier filter computed from MLS data — building sqft, lot size, bedroom/bath counts, gated-community membership, rental vs sale status. The Grove’s mansion + estate market has the lowest turnover in Miami-Dade; what’s listed publicly is a fraction of what trades — talk to us if you don’t see what you need.

🏝️ Coconut Grove Estates — Camp Biscayne, The Moorings, Grove Isle, South Bayshore

Gated communities + 1+ acre waterfront. The trophy tier — direct deep-water dockage, Coral Reef Yacht Club access, Coconut Grove Sailing Club proximity.

🏛️ Coconut Grove Mansions — Tigertail, South Bayshore, Devon Road

5,000+ sqft, 0.34-0.99 acre. Historic and contemporary single-family on the Grove's prestige addresses.

🏠 Luxury Coconut Grove Homes

3,500-5,000 sqft. The upper-tier of the everyday Grove market — Center Grove and North Grove leafy streets.

🏡 Coconut Grove Family Homes

Standard Grove single-family. The everyday inventory that defines the neighborhood — banyan canopy, walkable to schools, Center Grove restaurants.

🌃 Park Grove + Grove Isle — Condo Estates & Penthouses

Whole-floor units at Park Grove (One/Two/Three) and Vita at Grove Isle. The 'mansion-of-the-bay' tier.

🌇 Coconut Grove Penthouses

2,500-4,500 sqft. Top-floor signature units at Park Grove, Grovenor House, Grove Isle.

🏢 Boutique Coconut Grove Condos

1,500-2,500 sqft, 2-3 BR. Park Grove + Vita at Grove Isle + Grovenor House + The Mayfair — the upgrade tier.

🏘️ Coconut Grove Townhouses

The Grove has real townhouse inventory — a smart entry tier and second-home tier.

Coconut Grove rentals — the relocation entry tier

The Grove rental market is the entry point for two distinct needs: renters who want to test the schools + neighborhood for a year before committing, and those renting boutique condos while deciding which Park Grove unit to buy. We see both regularly. Renting in the Grove is rarely the budget play — it’s the strategic play.

🏝️ Coconut Grove Estate Rentals

$20K+/mo OR 4,000+ sqft. Furnished waterfront mansions — the 'try-before-you-buy' Grove tier.

🌳 Coconut Grove Premium Rentals

$8K-$20K/mo. Single-family home rentals + Park Grove larger units. The relocation standard.

🏘️ Coconut Grove Luxury Rentals

$3K-$8K/mo. 2-3BR boutique condos + smaller Grove homes — the upgrade-rental tier.

🏬 Coconut Grove Rentals — Starter Tier

Under $3K/mo. 1BR units in the Mayfair and boutique buildings — the lifecycle entry into a Grove address.

The buildings worth knowing

Park Grove (One / Two / Three Park Grove)

The Norman Foster + Rem Koolhaas-led CMC Group development at 2811 South Bayshore Drive. Three towers, 287 residences combined. Two-story sky lounges, private elevators to most units, infinity pool with Vizcaya views. Penthouses cleared $25M+. The most-architecturally-significant building in the Grove and arguably in Miami-Dade. Two Park Grove and Three Park Grove are the more-recently-completed siblings — design language consistent, slight floor-plan differences.

Vita at Grove Isle

The new (2024-2025 completion) addition to Grove Isle — Miami’s only private residential island just steps from the mainland. Vita is luxury bayfront on what’s already an exclusive enclave. Memberships to the Grove Isle Club included.

Grovenor House

2627 South Bayshore Drive. Built 2006. 165 residences. The pre-Park Grove generation of Grove ultra-luxury condo — still strong resale dynamics, smaller building feel than Park Grove. Penthouses regularly trade $7-15M.

The Mayfair

The 1980s-era mixed-use complex at CocoWalk-adjacent. Hotel + residences + shopping. Recently refurbished. The Mayfair condo tier is the most-affordable Grove condo entry — walkable to CocoWalk, the Sailing Club, Peacock Park.

Grove at Grand Bay

The Bjarke Ingels twin-tower project at 2669 South Bayshore Drive — the architectural statement that pre-dated Park Grove. 96 residences across two twisting towers. Floor plans run large; penthouses are signature trophy units.

Living in Coconut Grove

Schools — a major driver of Grove demand

Coconut Grove + Coral Gables together host more of Miami’s top private schools than any other corridor in the region. Within the Grove or 10 minutes of it:

  • Ransom Everglades School — co-ed, K-12 (split across Lower School in the Grove and Upper School at the bayfront campus). Founded 1903. The single most prestigious private school in Miami; admissions are reach-y, alumni network is institutional.
  • Carrollton School of the Sacred Heart — girls K-12, Catholic. The Grove’s prestige girls’ school. Bayfront campus on Main Highway.
  • St. Stephen’s Episcopal Day School — co-ed K-8. Smaller, intimate, very Grove-family-network.
  • Sts. Peter and Paul — Catholic K-8.
  • MAST Academy (on Virginia Key, 10 min east) — public magnet, marine science + technology focus. One of Miami-Dade’s strongest public schools.
  • Coconut Grove Elementary — public, A-rated.
  • George Washington Carver Middle School — public magnet (international studies). A-rated.

The school-driven calculation: Grove home values are stickier than Brickell condo values because the schools are the value driver, not the buildings. A 1960s-era 4-bedroom on Loquat Avenue trades at premium because of what walks-distance to Carrollton means. Coral Gables has the same dynamic; Brickell does not.

The restaurants

The Grove dining scene is denser than people outside Miami realize. The classics: Glass & Vine (the Grove anchor, Mediterranean, sit at the bar), The Local Craft Food & Drink (the gastropub), Le Bouchon du Grove (the French bistro that everyone knows), Greenstreet Cafe (the brunch institution), Lulu in the Grove, Bombay Darbar (Indian, James Beard nominee), Spillover, Monty’s Raw Bar (bayfront seafood), Cinco Cocina y Cantina, Lala. CocoWalk’s 2022 refurbishment added several new tenants — Sapore di Mare and a refreshed restaurant lineup.

Boating + outdoor

  • Dinner Key Marina — 580+ slips, one of the largest marinas in Florida. Public-access plus members.
  • Coconut Grove Sailing Club — sailing-focused, family-membership tradition.
  • Coral Reef Yacht Club — full-service yacht club, social calendar.
  • Biscayne Bay Yacht Club — founded 1887, the oldest yacht club in Florida.
  • Peacock Park + Kennedy Park — central public bayfront parks.
  • The Barnacle Historic State Park — Ralph Munroe’s 1891 pioneer home; rare-Miami-history walking tour material.
  • Vizcaya Museum & Gardens — the 1916 estate that’s basically the Grove’s back yard.

Coconut Grove 2026 market: what we’re watching

  1. Park Grove resales hit cycle. One, Two, and Three Park Grove are all approaching their first or second resale cycle. Original buyers (2018-2022 deliveries) are now testing the market. Pricing is holding; some PHs commanding premium to original sale prices.
  2. The leafy-canopy supply problem. The Grove has roughly 5,000 single-family homes in the historic core. Construction is capped by tree-canopy preservation rules. Result: very limited new supply, and the 2026-2027 inventory is meaningfully thinner than 2020-2022. Buyers in this tier should be in market continuously — the right house sells in 2 weeks, often off-market.
  3. Tigertail Avenue + Devon Road consolidations. A few owners are quietly buying adjacent lots and consolidating into compound properties. The next 5-10 years of Grove ultra-luxury is being built quietly on already-Grove land.
  4. School-district premium widening. The Grove’s school-walkable streets (Center Grove + Carrollton-adjacent) command 25-40% premium over Grove streets without the walking distance. That gap was 15-20% in 2020. Schools are the value driver, increasingly.

Frequently asked questions

Coconut Grove vs Coral Gables — how do they compare?

The eternal Miami question. Coral Gables has bigger lots, the planned-Mediterranean architectural character, and a walkable downtown. Coconut Grove has the bayfront, the boating clubs, and the leafier tree canopy. Schools are excellent in both — Carrollton and Ransom serve both neighborhoods, and many households enroll children in one while living in the other. Pricing is roughly comparable for single-family ($2-3M median). Tie-breakers: do you want to walk to dinner (Coral Gables, Miracle Mile)? Or do you want a sailing club membership (Coconut Grove)? Pick accordingly.

Is Coconut Grove safe?

The Grove core (Center Grove, North Grove, South Grove) is among the safest urban-adjacent areas in Miami-Dade. West Grove has more variance block-by-block. The bayfront mansion belt is patrolled and quiet. Standard urban judgment applies after midnight near CocoWalk.

What schools serve Coconut Grove?

Public: Coconut Grove Elementary (A-rated), George Washington Carver Middle (magnet, international studies, A-rated), MAST Academy (Virginia Key magnet, marine science). Private: Ransom Everglades K-12, Carrollton girls’ K-12, St. Stephen’s Episcopal K-8, Sts. Peter and Paul Catholic K-8. Apply early — Ransom and Carrollton waitlists are real.

Is Grove Isle gated?

Yes — Grove Isle is a private residential island connected to the Grove mainland by a single bridge with 24-hour security. Residents include condo owners (Vita at Grove Isle, the existing Grove Isle towers) plus Grove Isle Club members. Direct deep-water dockage at the marina + tennis + pool + spa included with most ownership tiers.

Do Coconut Grove single-family homes appreciate as well as Brickell condos?

Different mechanic. Brickell condos appreciate fast in up-cycles and correct hard in down-cycles. Grove single-family homes appreciate steadily — slower in up-cycles but considerably more resilient in downturns because demand is steady and the supply is capped by zoning and tree-canopy rules. Over 20-year holding periods, Grove single-family typically out-appreciates Brickell condo. Over 5-year periods, the math can go either way.

What’s the parking like at CocoWalk?

Better than Brickell, better than Wynwood. The CocoWalk garage is the central public lot — meter-paid, generally available, $1-3/hour. Most Grove residential streets allow on-street parking. Park Grove + Grovenor House + Vita at Grove Isle all include 2+ deeded spaces per unit.

How walkable is Coconut Grove?

Center Grove and North Grove are genuinely walkable — restaurants, CocoWalk, the bayfront parks, the schools, the marina, all within 10-15 minutes on foot. South Grove (the leafy estate belt) is car-required for most errands, but bikeable within the Grove. The tree canopy makes the walk pleasant year-round — temperatures in the Grove on a 90-degree summer day run noticeably cooler than in Brickell.

Property taxes in Coconut Grove?

The Grove is in the City of Miami (not Coral Gables or Miami Beach). Effective rate roughly 2.0-2.2% of assessed value for non-homesteaded property. City of Miami millage ~7.7 mills + County ~5.6 mills + School District ~7.0 mills. Florida’s Save Our Homes caps annual increases to 3% for homesteaded primary residences. Recent buyers will pay 2-3x the seller’s bill on the same address.

Can I buy a Coconut Grove property with Bitcoin?

Yes — though the Grove buyer pool skews more old-money than crypto-money, so BTC closings here are less common than in Brickell or Miami Beach. The mechanics still work via specialized title companies. Email us for intros.

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Condo buildings in Coconut Grove

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Coconut Grove

$3,800,000

137 W Shore Dr W, Miami FL 33133

5 bd 5.5 ba 3,134 sqft

Listing courtesy of Fortune Christie's Intl R.E.

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New

Coconut Grove

$2,895,000

1753 Nocatee Dr, Miami FL 33133

3 bd 2.5 ba 2,772 sqft

Listing courtesy of Douglas Elliman

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New

Coconut Grove

$5,000,000

1701 S Bayshore Dr, Miami FL 33133

Listing courtesy of Floridian First Realty Corp

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New

Coconut Grove

$2,499,000

2521 Inagua Ave, Miami FL 33133

4 bd 3 ba 2,103 sqft

Listing courtesy of Compass Florida, LLC

Tour →
New

Coconut Grove

$1,499,000

3471/3473 Plaza St, Miami FL 33133

2,138 sqft

Listing courtesy of Keller Williams Capital Realty

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Coconut Grove

$995,000

2945 Bridgeport Ave, Coconut Grove FL 33133

2 bd 2.5 ba 1,047 sqft

Listing courtesy of Douglas Elliman

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Coconut Grove

$14,750,000

3835 Carole Ct, Miami FL 33133

6 bd 7 ba 9,561 sqft

Listing courtesy of Fortune Christie's Intl R.E.

Tour →
New

Coconut Grove

$2,795,000

1823 S Bayshore Ln, Miami FL 33133

4 bd 4 ba 2,517 sqft

Listing courtesy of Xcellence

Tour →

Down the block

What the numbers say about living in Coconut Grove

Each figure below is live from MIAMI MLS active inventory + FEMA flood data — nothing illustrative.

🌊

Flood reality

About 11% of active for-sale homes here are mapped in a FEMA Special Flood Hazard Area. Confirm a specific home's zone, elevation and insurance before you buy.

💵

What you'll pay

Median asking price is $2,430,000 (about $1115/sq ft) — +224% vs MCR median.

🏠

What's available

Condominium is the most common home type among the 362 homes for sale right now.

🔑

Renting here

Median asking rent is $5,300/month across 128 active rentals — useful if you're weighing rent vs. buy.

Your Coconut Grove specialist

RP

Robert Paulson

Founding Broker · BK3286709

Tell me what you're after in Coconut Grove — budget, building, must-haves — and I'll match you with the specialist who works that block.

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Coconut Grove price moves, in your inbox.

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Explore nearby neighborhoods

Kendall $620K median Wynwood $1.1M median Sweetwater $530K median Golden Beach $14.8M median Pinecrest $3.6M median

MiamiCityRealty.com LLC · 1000 5th St Ste 200, Miami Beach, FL 33139 · (305) 547-8912 · Robert Paulson, Broker · FL Lic. BK3286709. All MCR agents are REALTORS®, members of the National Association of REALTORS®. Equal Housing Opportunity. Median price, price-per-foot, inventory, days-on-market, the price trend and inventory mix are computed live from MIAMI MLS active for-sale inventory (not closed sales); the flood figure is from FEMA's National Flood Hazard Layer. All deemed reliable but not guaranteed and never an appraisal. Lifestyle and "best for" labels describe places, amenities and inventory — not people. In accordance with Florida §475.

Coconut Grove · $2.4M median

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