Homes for sale inCoconut Grove, Florida
Bayfront living under the oaks in Miami
44
Homes for sale
$3,581,200
Median list price
$1,763
Avg price / sqft
87
Median days on market
Coconut Grove is Miami's oldest neighborhood, a leafy stretch of banyan-shaded streets running down to Biscayne Bay, where sailboats, galleries and sidewalk cafés give it a character distinct from the glass towers downtown. It draws buyers who want walkability and water access without losing the canopy — a mix of longtime Miami families, professionals and people trading up into luxury homes ($1m+). The pace is slower here, but you're still minutes from the rest of Miami-Dade County.
The market reflects that premium: 44 active listings carry a median list price of $3,581,200, and the segment skews sharply toward the high end, with 43 of those homes priced above $1M. Condominiums dominate the inventory, and much of what's new is on the water — 21 of the active listings are waterfront homes and 26 fall under new construction. Over the last year 84 homes sold at a median of $1,937,500, with sellers getting about 93% of asking and listings sitting a median 86.5 days, so there's room to negotiate if you're patient.
Coconut Grove is in Miami-Dade County, Florida.
Quick facts
$640,000 – $24M price range
2,362 sqft median home
$7,950/mo median rent
Living in Coconut Grove
Coconut Grove is the oldest continuously inhabited neighborhood in Miami, and it still feels different from the rest of the city. The streets are shaded by banyans and live oaks, the architecture ranges from Bahamian-influenced cottages to modern bayfront towers, and the whole neighborhood slopes down toward Biscayne Bay. It's the kind of place where people walk to dinner, keep a boat nearby, and treat the water as part of daily life rather than a backdrop.
The character draws a specific buyer: someone who wants walkability, galleries and waterfront access without the density and glass of Brickell or downtown. Longtime Miami families, professionals and second-home buyers all share the neighborhood, which keeps it feeling residential even as new residences rise. The pace is calmer than much of Miami, but you remain minutes from the broader region.
Because so much of the housing is attached, the Grove tends to attract people who value location and lifestyle over acreage. If you want a large single-family lot, inventory is thin — only 4 of the 44 active listings are single-family homes. If a bayside condo or townhome near the cafés and marinas sounds right, this is one of the best fits in the county.
Neighborhoods and communities in Coconut Grove
Much of what's selling in Coconut Grove today sits inside a handful of newer residential projects rather than traditional subdivisions. Vita At Grove Isle and Mr. C Residences are among the notable communities shaping the current market, both oriented toward the waterfront luxury buyer. These are the kinds of addresses that account for the neighborhood's high share of new construction.
Arbor Coconut Grove and The Well Coconut Grove round out the notable communities, offering a more wellness- and lifestyle-focused take on Grove living. Across these projects, the common thread is attached product — condos and townhomes — which matches the broader housing mix of 35 condominiums and 5 townhouses among active listings. Buyers comparing buildings should weigh association fees, floor plans and water proximity closely, since those vary meaningfully from one project to the next.
For buyers focused on the water, the neighborhood's 21 active waterfront homes concentrate in and around these bayfront communities. If you'd rather start by browsing the full attached inventory, the townhomes & condos view captures most of what's on the market at any given time.
Homes for sale in Coconut Grove: prices and housing
The numbers make the market clear: 44 active listings, a median list price of $3,581,200, and a range that runs from $640,000 all the way to $23,500,000. The average cost is roughly $1,763 per square foot on a median home size of about 2,362 square feet. This is a luxury market — 43 of the 44 active listings are priced above $1M — and the single-family segment, at just 4 listings, is scarce.
Over the past 12 months, 84 homes sold at a median price of $1,937,500, with sellers receiving about 93% of asking on average. Listings sit a median of 86.5 days, so buyers generally have time to evaluate and negotiate rather than rush. The gap between the active median and the sold median reflects aspirational asking prices at the top of the market being negotiated down toward actual closings.
New construction is a defining feature here — 26 of the active listings are newly built, one of the higher shares you'll find in the county. On the carrying-cost side, median property tax runs about $17,630 per year, and because most homes are condominiums or townhomes, expect monthly HOA fees that vary by building. Buyers watching for value should keep an eye on listings that have been just reduced and tour open houses this week to compare buildings in person.
Schools in Coconut Grove
Coconut Grove falls within Miami-Dade County Public Schools, and the schools most commonly assigned to area addresses include Coconut Grove and Tucker at the elementary level, along with Ponce De Leon. At the high school level, Coral Gables and Coral Glades High appear among the common assignments for the neighborhood.
School zoning in Miami-Dade can shift from block to block, and magnet and choice programs add further options beyond the standard assignment. Because of that, the single most reliable step is to verify the exact zoned schools for any specific address directly with the district before you make an offer.
Families weighing a purchase should also factor in commute distance to the assigned schools, since the Grove's layout and traffic can make seemingly short trips longer at peak times. Confirm current attendance boundaries each year, as they are periodically redrawn.
Getting around Coconut Grove
Specific drive-time data isn't available for Coconut Grove, but its position on Biscayne Bay in central Miami-Dade puts it close to the rest of the metro. The neighborhood is well known for its walkability in the village core, where residents reach cafés, shops and the waterfront on foot rather than by car.
Beyond the village, getting around means driving, and parking near the busiest blocks can be tight on weekends. Many residents keep a boat or use the nearby marinas, which is part of the appeal of a bayfront neighborhood.
If daily commuting matters to your decision, test the specific routes from a prospective home at the times you'd actually travel. Traffic patterns across Miami-Dade vary widely by hour, and the Grove's compact streets can feel different from the surrounding arterials.
Is Coconut Grove a good place to live?
For the right buyer, Coconut Grove is one of the most distinctive places to live in Miami — shaded, walkable, and tied to the water in a way few neighborhoods are. The lifestyle centers on the bay, the village's cafés and galleries, and a residential calm that sets it apart from the city's denser districts. It suits people who want attached, low-maintenance living near the water more than those chasing a large private lot.
The honest trade-off is cost. With a median list price of $3,581,200 and 43 of 44 active listings above $1M, this is a luxury market, and even rentals run around $7,950 per month. Property taxes near $17,630 a year and building HOA fees add to the carrying cost, so buyers should budget beyond the purchase price.
On the positive side, a patient market — 86.5 median days on market and sellers getting about 93% of asking — gives buyers negotiating room, and the heavy new-construction pipeline means fresh inventory. If the lifestyle fits and the numbers work, Coconut Grove delivers something genuinely rare in Miami. Start with luxury homes ($1m+) and homes with water views to see what matches your budget.
Fresh on the market
Newest homes in Coconut Grove
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The numbers that matter
The Coconut Grove market
84
Sold, last 12 months
$1,937,500
Median sold price
93%
Sale-to-list ratio
What sellers actually get vs asking
69 days
Median time to sell
Coconut Grove vs Miami-Dade County
Median list price
Price per sqft
Days on market
Live Stellar MLS data — listings and closed sales in Coconut Grove, FL. Rolling medians smooth single-month swings in thin markets.
For the school run
School zones with homes for sale
Elementary
Middle
High school
Assigned schools as reported on active MLS listings — always verify zoning with the district.
Beyond the listings
Living in Coconut Grove
Serious waterfront inventory
Of 44 active listings, 21 are waterfront — a rare concentration for a bayside Miami neighborhood.
New construction leads the market
26 of the active listings are new construction, much of it in recently delivered condo projects along the Grove.
A condo-first neighborhood
The housing mix runs 35 condominiums, 5 townhouses and just 4 single-family homes, so most buyers are shopping attached product.
Firmly a luxury market
43 of 44 active listings are priced above $1M, with a list range stretching to $23,500,000.
Time to negotiate
Homes sit a median 86.5 days and sellers net about 93% of asking, leaving meaningful room at the table.
What it really costs
Owning here
Owning the median Coconut Grove home
≈ $20,548/mo
$3,581,200 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
0%
In a FEMA flood zone
Most homes here sit outside high-risk zones
$7,950/mo
Median rent
15 homes for rent right now
Straight answers
Coconut Grove real estate FAQs
Is Coconut Grove a good place to live?+
Coconut Grove suits buyers who want a walkable, tree-shaded neighborhood with direct access to Biscayne Bay and a quieter feel than downtown Miami. The trade-off is price — it's one of the pricier corners of Miami-Dade County — and most inventory is attached rather than single-family. If you value water access, galleries and cafés over a big yard, it's a strong fit.
Is Coconut Grove expensive?+
Yes — the median list price is $3,581,200 and 43 of the 44 active listings are priced above $1M. The average cost runs about $1,763 per square foot, and listings span from $640,000 up to $23,500,000. It's firmly a luxury market, though the lower end of the range does offer entry points, which you can see when you browse by price.
What do homes cost in Coconut Grove?+
Active listings carry a median list price of $3,581,200, while the 84 homes sold over the last 12 months closed at a median of $1,937,500. The gap reflects a high-asking active inventory and buyers negotiating down. Median home size is about 2,362 square feet at roughly $1,763 per square foot.
How is the Coconut Grove market right now?+
It's a patient market: homes sit a median of 86.5 days and sellers get about 93% of asking on average. With 84 sales in the past year against 44 active listings, inventory is tight but not frantic. The pricing spread and days on market mean there's real room to negotiate, especially on listings that have been just reduced.
What about HOA fees and property taxes?+
Median property tax runs about $17,630 per year, reflecting the neighborhood's high values. HOA data isn't consistently reported here, but since most of the inventory is condominiums and townhomes, expect monthly association fees on nearly all attached homes — confirm the exact figure per building when you tour townhomes & condos.
What schools serve Coconut Grove?+
Assigned schools in the area most commonly include Coconut Grove and Tucker elementary options, Ponce De Leon, and high schools such as Coral Gables and Coral Glades. School zoning in Miami-Dade can vary block to block, so verify the exact assignment for any specific address with the district before you make an offer.
Is there new construction in Coconut Grove?+
Yes — 26 of the 44 active listings are new construction, a notably high share driven by recent condo and residence projects like Vita At Grove Isle and Mr. C Residences. Much of it sits on or near the water. You can filter the current pipeline under new construction.
Can I rent in Coconut Grove instead of buying?+
You can, though it's not cheap — the median rent is about $7,950 per month, in line with the neighborhood's luxury profile. Renting first is a reasonable way to test a specific building or street before committing. See what's available among homes for rent.
Keep exploring
Nearby areas
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS. Market statistics are computed from listing and sold data and change as the market moves.
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