Park Grove: Three OMA Towers on Coconut Grove's Bayfront

Park Grove is a three-tower, 298-residence bayfront community at 2701 S Bayshore Drive in Coconut Grove, completed in 2019. Rem Koolhaas's OMA designed the towers, Meyer Davis the interiors and Enzo Enea the five-acre landscape. Our directory records a range of about $1.8 million to $18 million and an HQ Rank of 9.4.

The building at a glance

Our building record lists Park Grove as an existing development completed in 2019, at 22 stories, with 298 total residences across the community and a bedroom range of two to five. It sits at 2701 S Bayshore Drive in the 33133 zip code, on the Coconut Grove bayfront. The developer of record is Terra with Related Group.

The amenity set our record describes centres on the landscape rather than a podium: a beach-entry pool, a spa, a wine cellar and a restaurant on site, set within roughly five acres of gardens. Those five acres are the reason the three towers read as objects in a park instead of a single wall along Bayshore, and they are the most distinctive thing about the property.

All of the figures in this guide come from our own directory research as of August 2026. They are estimates and periodic records, not live listing data, and they should be confirmed against a current listing before you rely on any of them.

OMA, Meyer Davis and Enzo Enea: what the design team signals

Three names on one project tells you where the money went. OMA, the office founded by Rem Koolhaas, is a research-driven practice better known internationally for cultural and institutional work than for Florida condominiums, and its involvement is why the towers are sculptural rather than extruded. Our record credits the architecture to OMA and Rem Koolhaas directly.

Meyer Davis handled interiors, a hospitality-heavy studio whose work tends toward warm materials and restrained detailing rather than high-gloss finishes. Enzo Enea, the Swiss landscape architect, did the grounds, and in a five-acre site that is a larger commission than it would be on a typical tower parcel.

For a buyer, the practical read is that this is a design-led project where the landscape is a primary amenity rather than leftover setback. That shapes the resale story: buildings that sell on architecture and grounds tend to hold their identity better than buildings that sell on a finish package alone.

Residences and what our recorded range covers

Our directory records a price range of roughly $1.8 million at the low end to about $18 million at the top, with an average of approximately $1,250 per square foot. That is an unusually wide band, and the spread is the information. A ten-fold range between the entry residence and the top of the building signals a mix that runs from two-bedroom units to very large upper-floor homes, consistent with the recorded two-to-five bedroom range.

Treat the per-square-foot average as a directory-wide estimate rather than a number to underwrite against. Averages across a range that wide are not predictive for any individual residence, and a low-floor two-bedroom and a penthouse in the same community will not trade anywhere near the same figure.

Because Miami is not a live-feed market on this site, we cannot show you what is actually available in the building today. For current pricing context across the market, our report is at /market-stats.

What our HQ Rank actually measures

Park Grove carries an HQ Rank of 9.4 in our directory. That number is not an opinion typed in by hand; it is the average of six factor scores we record for the building, rounded to one decimal.

For Park Grove those factors are Quality at 9.6, Views at 9.4, Age at 9.4, Waterfront at 9.3, Health at 9.3 and Location at 9.1. Quality is the highest of the six, which is consistent with the design team and the 2019 completion date, and Location is the lowest, which reflects Coconut Grove's quieter, less central position rather than any deficiency in the immediate setting.

The building profile at /buildings/park-grove renders these factors individually, so you can see the breakdown rather than the single rolled-up figure. As with every number here, it is our research view as of August 2026, not a market valuation.

Dues, and the honest math on carrying costs

Our record lists homeowners association dues at approximately $1.50 per square foot per month. That rate is how full-service Miami buildings are usually quoted, and it is worth converting before you form an opinion: at that rate, a 2,000-square-foot residence carries roughly $3,000 a month in dues, and a 4,000-square-foot residence roughly double that.

Dues at that level buy the staffing and the grounds a five-acre landscaped community requires, which is not a trivial operating cost. It also means the carrying cost on a Park Grove residence is a meaningful line item alongside taxes and insurance, and a buyer underwriting the unit on price per square foot alone will understate the monthly number substantially.

The rate is our directory's recorded figure and dues change. Confirm the current assessment, and ask for the association's budget and reserve position, before treating any of this as settled. Our checklist at /blog/miami-condo-hoa-health-checklist covers what to ask for.

Coconut Grove around it

Coconut Grove is the older, greener and lower-rise counterpart to Brickell, and the bayfront strip along South Bayshore Drive is where its tower inventory concentrates. Our neighborhood profile is at /neighborhoods/coconut-grove and the fuller market write-up is at /blog/coconut-grove-condo-guide.

Park Grove's nearest comparables in our directory are /buildings/four-seasons-residences-coconut-grove and /buildings/vita-at-grove-isle, both Grove bayfront projects of a similar tier. A buyer shopping this part of the market is generally choosing between them on grounds, branding and floor plate rather than on location, since all three sit within the same short stretch of waterfront.

Questions buyers ask about Park Grove

How to check any of this

Every figure above is our directory's research as of August 2026. We do not currently operate an MLS feed for the Miami market, so any listing figures on our Miami pages are clearly labeled samples rather than live inventory, and none of these numbers should be treated as a live comparable.

We are a research and listings platform, not a brokerage. We do not list on the MLS, negotiate offers or close transactions. When you want current availability in a specific building, the association's budget and reserve study read, or a residence seen in person, we introduce you to a licensed partner agent.