Nestled along Biscayne Bay, Coconut Grove continues to captivate buyers with its walkable charm, leafy streets, and tight-knit ambiance. In 2025, its real estate landscape combines resilient pricing, evolving inventory, and new construction—all shaping a thoughtfully growing market.
Market Snapshot
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Demand remains strong across the board, especially in the $1M–$3M segment, with sales up 20% and inventory tight—properties priced well and move-in ready are selling swiftly.
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In the $3M–$6M bracket, inventory has surged over 150%, signaling a softening market; only standout listings continue to attract interest.
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For ultra-luxury homes in the $6M–$10M range, buyers are taking longer—median days on market have tripled—making this more of a buyer’s segment.
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In Q2 2025, Coconut Grove—paired with Coral Gables—led Miami in year-over-year luxury condo sales volume (up ~9%), price per square foot (~5%), and median sales price (~14%), while maintaining among the fastest sale times and lowest inventory levels.
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Overall, the Grove remains balanced, with properties taking around 91 days on market and strong buyer and seller activity.
New Developments Elevating the Grove
Coconut Grove continues to see a wave of thoughtful, boutique-scale development that complements its character while introducing luxury and innovation.
The WELL Coconut Grove: Wellness-Driven Design
Located in the heart of the neighborhood, The WELL Coconut Grove is setting a new benchmark for intentional living. Developed by Terra Group, this 8-story, wellness-focused residence offers curated one- to four-bedroom homes, along with a 13,000 sq ft wellness club, rooftop lounge, and fitness and spa amenities—all centered around holistic health. Designed by Arquitectonica with interiors by Meyer Davis, The WELL integrates biophilic design, clean air systems, aromatherapy, and mind-body programming to create a residential experience unlike any other in the Grove.
Four Seasons Private Residences Coconut Grove
Bringing global prestige to South Bayshore Drive, Four Seasons Private Residences Coconut Grove is the first standalone Four Seasons residential tower in Florida. Rising 20 stories and featuring just 70 residences, it offers expansive layouts with private elevators, Italian kitchens, and nearly 11-foot ceilings—designed by Michele Bönan with architecture by Luis Revuelta. Homeowners enjoy Four Seasons services, a spa with hammam and cold plunge, curated lounge areas, a restaurant, and unobstructed bay views—all with no hotel component. Construction is currently underway.
Additional Projects & Infrastructure Improvements
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Casa Azzura: Newly completed townhomes in West Grove featuring plunge pools, tropical-modern design, and private garden spaces.
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Eviva at Douglas Road: A proposed high-rise with 450 mixed-income apartments, bringing greater diversity to housing options.
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Mutiny on the Bay: Developers are exploring a $160M buyout of this legacy site, signaling potential transformation along the waterfront.
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Grove Metrorail Station Renovation: Enhances accessibility and connectivity, especially for commuters and future transit-oriented development.
What This Means for Buyers & Sellers
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$1M–$3M homes are in high demand due to low inventory and lifestyle appeal.
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$3M–$6M inventory is growing, and success depends on standout presentation and pricing.
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Luxury buyers in the $6M+ category remain active but are increasingly selective—favoring unique architecture, location, and branded services like Four Seasons.
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Buyers entering pre-construction now have more options than ever, from wellness-centered condos to legacy-branded residences.
Final Thoughts
Coconut Grove in 2025 remains a neighborhood in motion—with careful, elegant growth. From wellness-centered living at The WELL to branded prestige at Four Seasons, the Grove is attracting discerning buyers who value architecture, green space, privacy, and community. While competition is growing in certain segments, the Grove’s core charm—walkability, canopy streets, waterfront parks, and village energy—continues to anchor its long-term value.