Coconut Grove's Bayfront Three: Park Grove, Vita and Four Seasons Residences

Three bayfront addresses define Coconut Grove's luxury tier: Park Grove, completed in 2019 with 298 residences; Vita at Grove Isle, 65 residences completing in 2026; and Four Seasons Residences Coconut Grove, 70 residences due in 2027. Our directory's per-foot research spans roughly $1,250 to $2,000 across the three.

Three addresses, 433 homes

Two of these buildings are effectively neighbors. Park Grove sits at 2701 S Bayshore Drive and the Four Seasons Residences at 2699 S Bayshore Drive, on the stretch of bayfront that has absorbed most of the Grove's recent high-end development. Vita is somewhere else entirely — 5 Grove Isle Drive, on a private island in Biscayne Bay reached by a single bridge.

Together they hold 433 residences. That total is small for three buildings of this profile, and the way it splits is the most useful thing about the comparison: 298 of those homes are in one already-completed community, and the remaining 135 are spread across two boutique projects that have not delivered yet.

Everything below comes from our own building research at /neighborhoods/coconut-grove and the profiles linked in each section. Miami is a market where we do not operate a live MLS feed — the listings shown on our Miami pages are clearly labeled samples, not live inventory — so every price figure here is our directory's estimate with a date attached, never a comparable sale.

Park Grove: the one you can actually walk

Park Grove is the delivered option, completed in 2019 across three towers rising 22 stories, holding 298 residences of two to five bedrooms. It was designed by OMA, Rem Koolhaas's practice, with interiors by Meyer Davis and five acres of landscaping by Enzo Enea. The amenity set our research records includes a beach-entry pool, spa and wine cellar.

For a buyer, the completed status is the substantive difference, not a footnote. You can tour a finished residence, read a real operating budget, see how the landscaping matured, and ask the association what six years of Florida weather have cost it. None of that exists for a building still under construction.

Our directory's price research puts Park Grove in a $1.8 million to $18 million range at roughly $1,250 per square foot, with HOA dues estimated near $1.50 per square foot. Those are our estimates as of this writing. The full profile is at /buildings/park-grove.

Vita at Grove Isle: 65 homes on a private island

Vita is the smallest and the most unusual. Our research has it completing in 2026 at seven stories with just 65 residences, designed by GLUCK+ for CMC Group with interiors by A++ and Champalimaud.

The pitch is the island rather than the tower. Grove Isle is a private 20-acre island in Biscayne Bay connected to the mainland by one bridge, with a marina, tennis and resort amenities, which produces a degree of separation no mainland address in the Grove can offer. It also produces the obvious question a buyer should ask early: a single bridge is a single point of access, and how the association plans for storm season, insurance and marina maintenance on an island parcel is a materially different conversation than it is at a mainland tower.

Our estimated range is $3.5 million to $20 million at roughly $1,700 per square foot, and our research records the project at about 85 percent sold. Details at /buildings/vita-at-grove-isle.

Four Seasons Residences: branded service, 2027 delivery

The Four Seasons Residences Coconut Grove is the latest and the most expensive of the three in our research: two towers of 16 stories holding 70 residences of two to five bedrooms, due to complete in 2027. The architecture is Bjarke Ingels Group with Revuelta, interiors by Tara Bernerd, developed by CMC Group with Fort Partners — the same developer pairing behind Vita, working a very different format.

What distinguishes it is branded service. These are Four Seasons residences with the operator's service infrastructure attached, which is the reason our estimated per-foot figure, about $2,000, runs roughly 60 percent above our Park Grove estimate. Our directory's range is $4 million to $30 million, and our research records it at about 75 percent sold.

Our records also show a deposit schedule of 10 percent at contract, 10 percent at groundbreaking, 10 percent at top-off and 70 percent at closing — 30 percent committed before delivery. Verify that schedule against the developer's current purchase agreement rather than relying on our summary; it is the kind of term that changes between release phases. What Florida law does and does not do to protect those deposits is covered at /blog/florida-preconstruction-condo-deposit-protection, and the wider new-development set is at /preconstruction. The building profile is /buildings/four-seasons-residences-coconut-grove.

Reading the per-foot spread across the trio

All three sit above our neighborhood estimate. Our Miami report at /market-stats estimates Coconut Grove at a $1.15 million median and $1,080 per square foot, against a citywide estimated median of $685,000 and $720 per square foot, as of June 2026. Every one of these three buildings is estimated above the Grove's own per-foot figure, which is what you would expect of new bayfront and branded product.

The spread across the trio — roughly $1,250, $1,700 and $2,000 per square foot — is worth reading as three different products rather than three price points on one ladder. Park Grove is scale and mature landscaping. Vita is scarcity and an island. Four Seasons is branded service and hotel-grade operations, which also implies the highest ongoing carrying cost of the three.

What our research cannot tell you is what any specific residence trades for today. These are directory estimates with a June 2026 date on the market figures, not comparable sales, and we have no live MLS feed in Miami to refresh them daily. For a current price on a specific line or stack, that requires a licensed agent pulling live data.

We are a research publisher, not a brokerage. We do not list on the MLS, negotiate offers or close transactions. When you want current pricing, availability or the developer's documents on any of these three, we introduce you to a licensed partner agent.

Questions buyers ask about Coconut Grove's bayfront towers