Coconut Grove Condos for Sale
Coconut Grove condos run from about $500,000 for a small resale one-bedroom to over $20 million for a bayfront penthouse, all inside ZIP 33133. The spread is 2.4x, and it is not about location: it is about which building you buy into. This page prices the market by building, flags the rental and milestone rules that decide whether a unit fits your plan, and matches towers to buyers. Start with the building. The unit comes second
Browse Coconut Grove Condos for Sale
Filter by price, bedrooms or waterfront. Sort by price per square foot: it is the only way to compare a 1,200-foot unit against a 3,000-foot one. Save the ones you like, so they are still there when you narrow the search
Coconut Grove Condo Market at a Glance
Coconut Grove is the tightest luxury condo market in Miami and the closest one to balanced.
| Metric | Figure | As of |
|---|---|---|
| Months of inventory | 10 to 12 | Q1 2026 |
| Months of inventory, Miami overall | ~19 | Q1 2026 |
| Median condo sale price | $1.8M to $2.0M | Q1 2026 |
| Median $/sq ft (blended) | ~$950 | Q1 2026 |
| Luxury-tier $/sq ft | $1,650 to $3,000+ | 2026 |
| Median days on market | 60 to 65 | Q1 2026 |
Market figures cover Coral Gables and Coconut Grove combined, the only quarterly luxury-condo report published for this submarket. Building-level figures below are Grove-specific.
Ignore the blended average. A market median of ~$950 per sq ft mixes 1980s mid-rises with branded towers. The buildings buyers actually shortlist trade at $1,650 to $3,000 and up. Price your search off the blended number and every building you tour will feel overpriced. It is not; you were reading the wrong number.
A balanced market runs 9 to 12 months. Miami sits near 19, the Grove near 11. In a 19-month market you wait. Here you do not.
Coconut Grove Condo Buildings
The Grove is a boutique, low-density market: most buildings hold well under 300 units, turnover is thin, and the best lines rarely list.
| Building | Delivered | Units | ~$/sq ft | Best for |
|---|---|---|---|---|
| One / Two Park Grove | 2018 | 276 (3 towers) | $2,060 to $2,600 | The Grove benchmark; end-user base |
| Grove at Grand Bay | 2016 | 98 (2 towers) | $1,900 to $2,075 | Design buyers; Bjarke Ingels, 12-ft ceilings |
| Vita at Grove Isle | 2026 | 65 | New / pre-con | Privacy; gated private island |
| Mr. C Residences | 2024 | ~120+ | ~$2,020 | Pied-a-terre; Cipriani service |
| Grovenor House | 2006 | 165 (32 floors) | ~$1,880 | Established full-service bayfront |
| Ritz-Carlton Residences | 2001 | 212 | Resale | Branded service with lease flexibility |
| Four Seasons Private Residences | 2028 (pre-con) | ~70 | $3,000 to $4,000 | Branded new construction, top of market |
| The Well Coconut Grove | 2028 (pre-con) | ~197 | Pre-con | Wellness-led programming |
| Arbor Residences | 2024 | 45 | Boutique new | Low-density, eco-conscious |
Unit counts, delivery years and $/sq ft are reported or approximate. Where sources disagree, the range is shown: Park Grove averaged $2,062 across its three towers on 2025 sales and asks near $2,600 in 2026. Confirm line, floor and view before offering. Pre-construction prices are developer pricing, not resale.
Choose the Building Before the Unit
Match the building to how you will use it. The floor comes later.
Primary residence, family. Park Grove or Grove at Grand Bay. An end-user owner base means quiet buildings and stable resale.
Pied-a-terre, lock-and-leave. Mr. C 1-2 bedroom lines or a smaller Ritz-Carlton unit. Full service, low personal maintenance.
Boater. Grove Isle, Park Grove and Grand Bay sit closest to working marinas. Verify slip rights before the view.
Part-year rental. You need a building that permits your lease length. Ritz-Carlton and Mr. C allow monthly and seasonal. That is the filter that decides the shortlist.
Entry under $1M. Older mid-rises. Different risk profile, covered below.
Boat slips are residence-specific. Waterfront is not your boat. A slip may be deeded, assigned, or marina-controlled, and rights do not always transfer with the unit. Confirm slip status, vessel dimensions and transferability before you value the view.
Why buyers choose Coconut Grove over Brickell
The Grove trades Brickell’s high-rise density and nightlife for a walkable village, tree canopy, marinas and top schools — quieter, greener, more family-oriented, and architecturally low-rise (sculptural mid-rises, not sheer towers). Buyers prioritizing tranquility, boat access and school access self-select here; buyers who want urban intensity and the largest new-tower supply lean Brickell
Coconut Grove Condo FAQ
What is the entry price for a Coconut Grove condo?
Smaller resale one-bedrooms start around $500K. The luxury tier begins near $1.5M to $2M and runs past $10M for bayfront penthouses. The gap is building-specific, not neighborhood-wide
Are Coconut Grove condos a good investment if I want to rent?
Only in buildings that permit your lease length. Most luxury declarations bar sub-30-day rentals. Ritz-Carlton and Mr. C allow monthly and seasonal. Confirm the rental cap and waiting period in the declaration before you count on income
Is Coconut Grove lower flood risk than the beaches?
Generally yes. The neighborhood sits on older ridge elevation, which carries less exposure than barrier-island towers. Still verify the address-specific FEMA zone and elevation certificate before you offer.
Market data updated