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Why Buy in Coconut Grove?

Coconut Grove is Miami’s oldest neighborhood. Its hybrid architecture is a mix of colonial influences and contemporary design. Surrounded by surprisingly lush vegetation, Coconut Grove is very much appreciated by those who love nature and serenity. For investors looking to buy homes in the Miami area while also seeking an idyllic lifestyle in the heart of the city, it does not get better than Coconut Grove.

By Maryline Lacorre 10 Nov 2020

Lush Neighborhood, Lush Lifestyle

Located southwest of Downtown Miami, Coconut Grove was founded in 1873 by artists, intellectuals, and avant-gardists who wanted to escape from the stress and effervescence of urban life while still benefiting from the advantages of the city. This pedestrian and bike-friendly neighborhood has roots predating Miami, mixing its early Bahamian influences with a modern and family-friendly twist. Coconut Grove is a tropical oasis with an abundance of lush gardens and a warm, laid-back atmosphere that features charming boutiques, galleries, gourmet restaurants, sidewalk cafes and more.

An Attractive Market

Coconut Grove is a stable market that continues to attract new people.  According to the Q2 report of 2020, the average sales price slightly increased for condos (8.7%).  Concerning homes, prices dropped slightly by 6.7%, making it a great moment for buyers to score a deal.  It is also a good time to buy a condo in Coconut Grove as the listing discount is about 9.3%.  Single family home and condo price trend indicators showed mixed results but remain stable.  Single-family listing inventory continued to show significant declines from the prior-year quarter. This shows how this market is attractive.  If you are interested in buying a house in Coconut Grove, now is the perfect time.

Where to Buy?

- Bayshore Drive:  If you are looking to buy a villa, Bayshore Drive is a great choice.  This road offers waterfront residences among secured and gated communities. Following the ocean from Vizcaya Museum to south Coconut Grove, you can enjoy the light breeze of the ocean while being close to all the amenities such as schools, restaurants, parks, and more. 

- Grove at Grand Bay:  Conceived by Danish architect Bjarke Ingels, this modern luxury building built in 2017 offers 96 condos with high-end amenities such as a rooftop pool, gym, spa and children’s playground. You will be surrounded by 469 trees and more than 15,000 plants, designed by Raymond Jungles Inc., throughout the 3-acre site. Living here is sustainable as the towers are the first LEED gold-certified buildings in Miami-Dade County.

- The Fairchild:  This collection of twenty-six  residences is inspired by the spirit of Coconut Grove. This waterfront paradise has been designed by Max Strang and offers exquisitely crafted custom Italian cabinetry and European plumbing fixtures creating a perfect culinary canvas, ready for you to perfect life’s epicurean pursuits.

- Mister C:  Located on South Bayshore Drive and featuring panoramic views, Mr. C Residences is bringing quintessential Cipriani style to one of Miami’s most charming neighborhoods.  Residential interiors and amenity spaces channel the nautical tradition that gives Coconut Grove its unique character and soul. The designers used yacht-inspired shapes with rich natural materials such as high-gloss wood millwork, floor-to-ceiling glass, and large terraces for outdoor living.

Mr. C Residences

Mr. C Residences - Coconut Grove

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