The short answer for Grove buyers
Coconut Grove is Miami's oldest neighborhood, and our directory estimates it at roughly a $1.15 million median and about $1,080 per square foot across the 22 buildings we track, on about 280 active listings. That sits above our Coral Gables and Brickell estimates. These are directory figures, not live MLS data; current research is at /market-stats.
An old village that never got rebuilt as a skyline
The Grove predates the City of Miami, and what buyers are paying for here is largely what did not happen to it. Where Brickell absorbed dozens of glass towers, the Grove kept its banyan canopy, a low-rise village center around CocoWalk, and a shoreline organized around parks and marinas rather than a continuous wall of high-rises.
Our directory counts 22 condo buildings here against 64 in Brickell. That ratio is the neighborhood in one number. It explains the price estimates, it explains why inventory is thin — about 280 active listings against roughly 1,240 in Brickell — and it explains why buyers who need selection often end up looking elsewhere.
The water is the other half of it. The Grove fronts Biscayne Bay, and its waterfront is a working one: marinas, sailing clubs and bayfront parks rather than beach. Buyers who want sand are on the barrier island. Buyers who want bay views, boat access and shade are here. Neighborhood page: /neighborhoods/coconut-grove.
The three bayfront buildings our directory profiles
Park Grove, 2701 South Bayshore Drive, is the completed benchmark: three towers finished in 2019, 22 stories, 298 residences, designed by Rem Koolhaas's OMA with interiors by Meyer Davis and landscaping by Enzo Enea across five acres. It is the only one of the three with an operating history, a real budget and resale comparables. Our directory estimates about $1,250 per square foot and monthly dues near $1.50 per square foot, across two- to five-bedroom layouts. Profile at /buildings/park-grove.
Vita at Grove Isle, 5 Grove Isle Drive, is a different proposition: 65 residences in a seven-story building on a private 20-acre island reached by a single bridge, by GLUCK+ for CMC Group and Ugo Colombo. Our directory records it as under construction targeting 2026 and roughly 85 percent sold, with a per-square-foot estimate near $1,700. Profile at /buildings/vita-at-grove-isle.
Four Seasons Residences Coconut Grove, 2699 South Bayshore Drive, is the branded entry: 70 residences across 16 stories by Bjarke Ingels Group with Revuelta, developed by CMC Group and Fort Partners, interiors by Tara Bernerd. Our directory records it as under construction for 2027, about 75 percent sold, with a per-square-foot estimate near $2,000 and a deposit schedule of 10 percent at contract, 10 percent at groundbreaking, 10 percent at top-off and the balance at closing. Profile at /buildings/four-seasons-residences-coconut-grove.
Read those as three different transactions rather than three price points. One is a resale purchase with an operating budget you can actually read. The other two are preconstruction, where you are underwriting a developer and a deposit schedule instead. How Florida treats those deposits is at /blog/florida-preconstruction-condo-deposit-protection.
Where the Grove sits against Coral Gables and Brickell
Buyers comparing the mainland's established condo markets usually tour all three. Our estimates separate them cleanly: Coconut Grove near $1.15 million and $1,080 per square foot; Coral Gables near $875,000 and $720 per square foot; Brickell near $720,000 and $850 per square foot.
The order is worth reading closely, because median price and price per foot do not rank the same way. Brickell's per-foot estimate runs above Coral Gables while its median runs below, which is what a market of smaller urban units looks like. Coral Gables buys the most interior space per dollar of the three in our estimates. The Grove is highest on both, and buyers there are paying for canopy, bay frontage and a small building count rather than square footage. Compare at /neighborhoods/coral-gables and /neighborhoods/brickell.
What to check before you tour
On any existing building, ask about the structural reserve study and the milestone inspection status. The reforms that followed the 2021 Surfside collapse changed what Florida associations must inspect and fund, and it lands in dues and assessments. Our walkthrough is at /blog/miami-condo-milestone-inspection-sirs.
And on every Grove building, weigh monthly dues against asking price. In a neighborhood of small buildings, amenity costs are shared across fewer households than in a 500-unit Brickell tower, and that difference arrives every month rather than once at closing.
Questions buyers ask about Coconut Grove condos
How much is a condo in Coconut Grove?
Our directory's research estimate is a median near $1.15 million and about $1,080 per square foot across 22 buildings. The three bayfront buildings we profile are estimated between $1,250 and $2,000 per square foot. These are estimates rather than live listing data; current research is at /market-stats.
Is Coconut Grove more expensive than Coral Gables?
In our estimates, yes on both measures — about $1.15 million against $875,000 on median, and about $1,080 against $720 per square foot. Coral Gables generally buys more interior space per dollar; the Grove buys bay proximity and a much smaller building count.
What is being built in Coconut Grove right now?
In our directory, two bayfront projects: Vita at Grove Isle, 65 residences targeting 2026 and recorded at roughly 85 percent sold, and Four Seasons Residences Coconut Grove, 70 residences targeting 2027 at roughly 75 percent sold.
Are Coconut Grove condos on the ocean?
No. The neighborhood fronts Biscayne Bay, and its waterfront is organized around marinas, sailing clubs and parks. Buyers who want beach access are generally looking at the barrier island instead.
Does this site show live Coconut Grove listings?
Not yet. We do not carry a live Miami MLS feed, so the property listings on our Miami pages are clearly labeled samples. The building profiles and directory research above are real, and we can introduce you to a licensed partner agent who will pull current MLS inventory for a specific building.
How to start a Grove search
Open /neighborhoods/coconut-grove and the three building profiles side by side, and compare dues per square foot and unit counts before you compare asking prices — in a market this small, those two numbers explain most of the gap between buildings. Then tell us which one you want to see, and we will introduce you to a licensed partner agent who covers the Grove.
Written by
Miami Condo HQ
Miami Condo Specialists
Miami Condo HQ is a Miami condo platform — in-depth profiles for the condo buildings we track across Miami, for-sale and for-rent listings, building profiles and Miami market research, and honest, pressure-free guidance for buyers, sellers and investors across South Florida.
