Coconut Grove New Construction Condos & Luxury Real Estate

Expert market insight from Ron Eppinger Jr, Miami Real Estate Specialist | 20+ years South Florida luxury experience

Coconut Grove holds the distinction of being Miami's oldest continuously inhabited neighborhood, and the decades have only sharpened its appeal. Tucked along the western shore of Biscayne Bay, the Grove is defined by canopied streets, a walkable village center, and a waterfront lifestyle that feels worlds apart from the high-rise energy of Brickell and Downtown just minutes to the north. For buyers seeking new construction and preconstruction condominiums in a setting that blends tropical serenity with urban sophistication, Coconut Grove has become one of the most compelling addresses in South Florida.

The neighborhood's real estate landscape is evolving rapidly. A wave of boutique and mid-rise luxury developments is reshaping the Grove's residential offerings while preserving the low-density, nature-forward character that has long defined this community. Buyers today can choose from intimate buildings with fewer than 20 residences to wellness-focused mid-rises with resort-caliber amenities, all positioned within walking distance of bayfront parks, marinas, and one of Miami's most celebrated dining and shopping districts.

The Coconut Grove Lifestyle

What sets Coconut Grove apart from virtually every other luxury enclave in Miami is its walkability. With a walk score consistently among the highest in Miami-Dade County, the Grove allows residents to stroll from home to waterfront dining, boutique shopping at CocoWalk and the Shoppes at Mayfair, farmers markets, art galleries, and bayfront green spaces without ever starting a car. That pedestrian-friendly rhythm is central to the Grove's identity and a major draw for buyers relocating from walkable cities in the Northeast, California, and abroad.

The waterfront is the neighborhood's anchor. Peacock Park, David T. Kennedy Park, and Regatta Park line the bay with open green space, jogging paths, and sweeping water views. Dinner Key Marina, one of the largest marinas in Biscayne Bay, offers deep-water slips and direct open-bay access without the bridge restrictions that limit boating in many other Miami neighborhoods. The Coconut Grove Sailing Club, Biscayne Bay Yacht Club, and Coral Reef Yacht Club collectively make the Grove one of the premier sailing and boating communities on the East Coast.

Dining in Coconut Grove ranges from polished waterfront restaurants to neighborhood favorites with decades of history. Glass & Vine, set inside Peacock Park with views of the bay, has become a destination in its own right. Bellini at Mr. C Miami offers rooftop dining with panoramic skyline and water views. Monty's Raw Bar at the marina is a Grove institution, and newer arrivals continue to elevate the neighborhood's culinary scene. Ground-floor retail in several of the new condo developments will add even more dining and shopping options in the years ahead.

New Construction & Preconstruction Developments

Pricing and availability for all preconstruction projects are subject to change at any time. Contact Ron for current pricing, availability, and developer incentives before making any purchasing decisions.

Four Seasons Private Residences Coconut Grove

Developer: CMC Group (Ugo Colombo) & Fort Partners | Address: Bayshore Drive, Coconut Grove | Scale: 20 Stories, 70 Residences

The Four Seasons Private Residences represents one of the most significant luxury developments in Coconut Grove's history. Designed by Luis Revuelta with a softly curved silhouette, the tower will house just 70 private residences with no hotel component, offering residents undiluted privacy and exclusivity. Every unit features a private foyer, ceilings exceeding 10 feet, custom Italian kitchens by Molteni & C, Italian marble bathrooms, and unobstructed Biscayne Bay views. Floor plans range from approximately 2,025 to 4,000 square feet across three- and four-bedroom layouts. Four Seasons service standards, including 24-hour concierge, valet, and resort-style amenities, come standard. Pricing subject to change; contact for current availability.

OPUS Coconut Grove

Developer: Meta Development | Address: Coconut Grove | Scale: 6 Stories, 14 Residences (12 units + 2 penthouses)

OPUS is boutique luxury at its most exclusive: just 14 residences in a six-story building designed by Kobi Karp with interiors by the acclaimed Brazilian designer Joao Armentano. Every detail has been curated for discerning buyers, from custom Italian cabinetry and Miele and Sub-Zero Wolf appliances to 12-foot ceilings and expansive balconies. The building offers only three- and four-bedroom floor plans, ensuring generous living space in every unit. With so few residences, OPUS provides a level of privacy and exclusivity that is increasingly rare in Miami's new development landscape. Pricing subject to change; contact for current availability.

The Well Coconut Grove

Developer: Terra Group | Address: 2835 Tigertail Avenue | Scale: 8 Stories, 194 Residences

The Well Coconut Grove introduces a wellness-centered living concept to the neighborhood, following the success of Terra's Well-branded development in Bay Harbor Islands. Designed by Arquitectonica with interiors by New York's Meyer Davis Studio, the mid-rise features 72 distinctive floor plans ranging from one to four bedrooms, including townhomes and ground-level lofts. The centerpiece is a 13,000-square-foot Wellness Club offering hyperbaric chambers, IV therapy, aerial yoga, and steam showers, complemented by a 40,000-square-foot rooftop amenity deck with two pools, hot and cold plunges, a Fitness Forest, and a pickleball court. Short-term rentals are not permitted. Douglas Elliman Development Marketing is the exclusive broker. Pricing subject to change; contact for current availability.

The Lincoln Coconut Grove

Developer: LORE & Element | Address: Coconut Grove | Scale: 8 Stories, 48 Residences

The Lincoln is a boutique condo designed by Paredes Architects with interiors by Design Philosophy. All 48 residences feature plus-den floor plans ranging from 1,323 to 3,073 square feet in one-plus-den through four-bedroom-plus-den configurations. Kitchens by Snaidero, Miele appliances, Porcelanosa tiles, and Brizo plumbing fixtures reflect the building's emphasis on refined finishes. Amenities include a rooftop pool deck with cabanas, sauna and steam room, a 2,000-square-foot wellness center with hot and cold plunges, a fitness center, yoga pavilion, co-working space, and EV charging stations. Pricing subject to change; contact for current availability.

Ziggurat Coconut Grove

Developer: Allen Morris Company | Address: Coconut Grove | Scale: 3 Stories, 19 Residences (plus adjacent 5-story office building)

Ziggurat is a striking departure from conventional condo architecture. Designed by Oppenheim Architecture in a pyramidal form, the nature-clad retreat rises just three stories and houses only 19 homes with bespoke interiors by Collarte Interiors. Units range from 1,254 to over 5,000 square feet. The mixed-use development includes a separate five-story building with 100,000 square feet of Class A office space and 40,000 square feet of ground-level retail, plus a rooftop restaurant with Biscayne Bay views. The design integrates lush landscaping by Naturalficial's Andres Arcila throughout the structure. Pricing subject to change; contact for current availability.

Arbor Coconut Grove

Developer: Arbor Grove Development (Isaac Kodsi) | Address: 3034 Oak Avenue | Scale: 5 Stories, 45 Residences

Arbor brings an eco-conscious, nature-inspired design sensibility to Coconut Grove. Designed by Behar Font & Partners, the five-story building features natural wood finishes, wide-plank porcelain wood-grain floors, custom oak cabinetry, and an earthy color palette. Floor plans include two- to four-bedroom residences, penthouses with generous terraces, townhomes with 20-foot ceilings and private gardens, and two-story lofts. Amenities include a courtyard pool with firepit, a social lounge, rooftop terrace, and 24-hour concierge services. Pricing subject to change; contact for current availability.

Vita at Grove Isle

Developer: CMC Group (Ugo Colombo) | Address: Grove Isle (private island off Coconut Grove) | Scale: 5 Stories, 65 Residences + 14 Penthouses

Vita at Grove Isle occupies one of Coconut Grove's most coveted positions: a gated private island accessible by a single bridge, offering the seclusion of island living with the convenience of mainland Coconut Grove just moments away. Designed by CallisonRTKL, the boutique building pairs refined interiors with sweeping Biscayne Bay views. The property will also feature La Sponda, an Italian restaurant by the Gioia Hospitality Group, bringing destination dining directly to the island. Pricing subject to change; contact for current availability.

Residences in the Grove

Developer: Terra Group & AB Asset Management | Address: Coconut Grove | Scale: 8 Stories, 148 Residences

Designed by Arquitectonica, Residences in the Grove brings 148 luxury condos to the heart of the neighborhood with 22,000 square feet of ground-floor retail. The development reflects Coconut Grove's transition toward a more vibrant, mixed-use village center where residents can live, shop, and dine within the same block. Pricing subject to change; contact for current availability.

Market Overview & Pricing

Coconut Grove's luxury real estate market has historically been one of the most stable and resilient in Miami-Dade County. The neighborhood attracts a sophisticated buyer profile drawn to the combination of waterfront living, walkability, and the Grove's distinct village atmosphere. Demand for new construction in the Grove is driven by several structural factors: extremely limited developable land, strict zoning that preserves the low-to-mid-rise character, and the neighborhood's enduring appeal to both domestic relocators and international buyers who want proximity to central Miami without the density of Brickell or Downtown.

Waterfront single-family homes in the Grove's gated communities, including The Moorings, The Anchorage, Camp Biscayne, Hughes Cove, Four Way Lodge Estates, and Estrada Estates, consistently trade at a significant premium due to their scarcity and direct Biscayne Bay access. The preconstruction condo market spans a wide range, from boutique mid-rise residences to ultra-luxury branded towers, offering entry points across a broad spectrum of the luxury market. Florida's absence of state income tax continues to be a meaningful draw for high-net-worth buyers relocating from higher-tax states.

Market conditions, pricing, and inventory levels change frequently. For current market data and a personalized analysis of your buying or investment objectives, contact Ron directly.

Location & Accessibility

Coconut Grove sits along Biscayne Bay in the southern portion of the City of Miami, directly south of Brickell and east of Coral Gables. The neighborhood enjoys outstanding connectivity to the rest of South Florida. Miami International Airport is approximately 15 minutes away, while Downtown Miami and the Brickell financial district are reachable in under 10 minutes. US-1 (South Dixie Highway) runs along the western edge of the Grove, and I-95 provides quick access to Fort Lauderdale and points north. The Miami Metrorail has a station at Coconut Grove (Douglas Road), connecting residents to the broader transit network.

Within the neighborhood, daily life rarely requires a car. CocoWalk, the Shoppes at Mayfair, Peacock Park, Kennedy Park, Regatta Park, and the Dinner Key Marina district are all accessible on foot or by bicycle. Several of the new condo developments are positioned to take full advantage of this walkability, placing residents within steps of the Grove's best dining, shopping, and waterfront recreation.

Honest Pros & Cons

Advantages

  • Walkability and Village Character: Coconut Grove is one of the most walkable neighborhoods in Miami, with a genuine village atmosphere where residents can access dining, shopping, parks, and waterfront recreation on foot. This pedestrian-friendly lifestyle is a rarity in South Florida and a significant quality-of-life advantage.
  • Direct Biscayne Bay Access: The neighborhood's marinas, including Dinner Key Marina, offer deep-water slips and bridge-free access to the open bay. Multiple yacht clubs and sailing clubs make the Grove one of the premier boating communities on the East Coast.
  • Boutique Development Scale: Unlike the high-rise corridors of Brickell and Edgewater, Coconut Grove's new developments are predominantly low-to-mid-rise with limited unit counts. Buildings with 14, 19, or 48 units offer a level of exclusivity and privacy that tower living cannot match.
  • Mature Tree Canopy and Green Space: The Grove's lush tropical landscaping, banyan trees, and bayfront parks create a natural environment that is unmatched in urban Miami. Peacock Park, Kennedy Park, and the bayfront promenade provide extensive outdoor recreation within the neighborhood.
  • Proximity to Central Miami: Despite its village feel, Coconut Grove is just minutes from the financial and cultural centers of Brickell, Downtown Miami, and Coral Gables, offering convenience without sacrificing tranquility.

Considerations

  • Premium Pricing: The combination of limited land, strict zoning, and high demand means that Coconut Grove consistently commands some of the highest prices per square foot in Miami-Dade County, particularly for waterfront and new construction properties.
  • Limited Inventory: The boutique scale of development means that available units in new buildings sell through relatively quickly. Buyers considering preconstruction in the Grove should be prepared to move decisively when desirable units become available.
  • Traffic Congestion: Main Street, Grand Avenue, and South Bayshore Drive can experience significant traffic during peak hours and special events. While the walkable core mitigates this for daily errands, commuters heading north toward Downtown or the airport during rush hour should factor in travel time.

Work With a Local Expert

Ron Eppinger Jr is a South Florida real estate specialist with over 20 years of experience in luxury preconstruction and new construction condominiums across Miami-Dade, Broward, and Palm Beach counties. Based in Bal Harbour, he brings exclusive developer relationships and insider market knowledge to every client engagement.

Contact: ron@roneppinger.com | Website: ron305miami.com

Related Resources

Last Updated: March 2026 | Ron Eppinger Jr, Miami Real Estate Specialist

Disclaimer: All information presented on this page is believed to be accurate as of the date shown but is subject to change at any time without notice. Pricing, availability, unit counts, completion dates, floor plans, and developer details are provided for informational purposes only and are not guaranteed. Preconstruction projects are subject to modification or cancellation. This content does not constitute an offer to sell or a solicitation to buy real estate. Buyers are encouraged to conduct independent due diligence and consult a licensed real estate professional before making any purchasing decisions. Ron Eppinger Jr is a licensed Florida real estate professional. Equal Housing Opportunity.