Coconut Grove Luxury New Developments 2026: Four Seasons, THE WELL, and What Buyers Should Know
Coconut Grove drew roughly $734 million in new construction financing in early 2026, led by a $410 million loan for THE WELL and a $323.8 million loan for Four Seasons Private Residences, according to The Real Deal and Florida YIMBY. What I see on the ground is that the Grove is staying deliberately low-density while Brickell builds upward, so each new project competes on scarcity, not volume. If neighborhood character and bayfront access matter more to you than nightlife, the Grove is the South Florida submarket to watch this year.
Coconut Grove is the anomaly in Miami's luxury new development map. While Brickell builds a denser financial-district skyline and Sunny Isles stacks oceanfront towers, the Grove is doing something quieter: placing a small number of branded and design-forward projects into Miami's oldest neighborhood, where the tree canopy, bayfront parks, and sailing clubs have defined the character for more than a century. I spend a lot of time walking buyers through this submarket, and the reaction is almost always the same once they see it in person. For a wider view of where else capital is moving, my 2026 Miami pre-construction buyer's guide sets the full context.
What changed in 2026 is the money. In the first quarter alone, lenders committed roughly $734 million in construction financing to a handful of Grove projects. That is a striking number for a neighborhood that builds at a fraction of Brickell's volume, and it tells you how confident lenders are in the long-term demand here.
The Grove Pipeline: Four Projects Defining 2026
Four projects anchor the current Coconut Grove luxury pipeline. Each targets a different buyer, and the spread in pricing is wider than people expect for one neighborhood.
| Project | Starting Price | What Defines It |
|---|---|---|
| Mr. C Residences | FROM ~$1.6M | Italian-inspired boutique living in the heart of the Grove, the most attainable entry point on this list. |
| THE WELL Coconut Grove | FROM ~$1.5M | 194-unit wellness-branded project on Tigertail Avenue by Terra and AB Asset Management. $410M TYKO Capital loan. |
| Four Seasons Private Residences | FROM ~$5.6M | Bayfront hotel-service residences at Grove Harbor by CMC Group and Fort Partners. $323.8M Bank OZK loan. |
| Vita at Grove Isle | FROM ~$9.8M | Private 20-acre island living. Four-bedroom residences listed up to penthouses above $21M. |
According to The Real Deal, Terra and AB Asset Management secured a $410 million construction loan from TYKO Capital for THE WELL Coconut Grove, a 194-unit project at 2835 Tigertail Avenue targeted to open around the fourth quarter of 2028. It is the most explicitly wellness-organized residential brand in South Florida, with programming built around longevity, recovery, and nutrition rather than the usual amenity checklist.
Four Seasons Private Residences Coconut Grove sits at Grove Harbor on Biscayne Bay. According to Florida YIMBY, CMC Group and Fort Partners closed a $323.8 million construction loan from Bank OZK for the project, which delivers the most operationally intensive hotel-service program of any brand in the Grove: concierge, valet, in-residence dining, and pool service. Delivery is targeted for the 2027 to 2028 window. Starting prices sit around $5.6 million for bayfront units.
Why Coconut Grove Buys Differently Than Brickell
The buyer who chooses Coconut Grove over Brickell is making a specific lifestyle choice: neighborhood over density, bayfront and sailing culture over urban walkability, and architectural ambition over sheer tower count. The Grove suits full-time residents who want restaurants they return to weekly and parks they use in the morning. Brickell suits buyers who want walk-to-office convenience and nightlife at the door.
The wider market backdrop favors buyers right now. Miami-Dade luxury condos closed the first quarter of 2026 at a median of about $1,381 per square foot, down roughly 11.6 percent year over year, according to CondoBlackBook market data. That correction gives buyers more negotiating room than they had at the 2021 to 2022 peak, even in a scarcity-driven neighborhood like the Grove. If you are weighing the Grove against other submarkets, my step-by-step pre-construction buying process walks through how to time a reservation against deposit milestones.
The Developers Behind the Grove
No firm has done more to define what Coconut Grove's luxury market can be than Terra, founded by David Martin. Terra brought ambitious architecture to the neighborhood with Grove at Grand Bay and Park Grove, and its current Grove project is THE WELL Coconut Grove. Four Seasons Private Residences is a joint venture between CMC Group, led by Ugo Colombo, and Fort Partners, led by Nadim Ashi. These are pure developer credits, and they matter: the track record behind a pre-construction project is one of the clearest signals of whether it will deliver on time and on spec.
Scarcity is the throughline. The Grove has limited developable land, established demand, and a development culture that favors fewer, higher-quality projects. That combination is exactly what supports long-term value, and it is why I tell buyers the Grove is less about catching a cycle and more about owning in a neighborhood that does not overbuild.
What Each Buyer Should Watch in the Grove
Because the projects target such different buyers, the right move depends on what you actually want from the neighborhood. Here is how I frame it with clients.
- Most attainable entry: Mr. C Residences and THE WELL Coconut Grove both start in the $1.5 million range, the realistic floor for new construction in the Grove.
- Full hotel service: Four Seasons Private Residences delivers the most intensive day-to-day service program, with bayfront access at Grove Harbor.
- Wellness as the organizing idea: THE WELL is built around longevity and recovery programming, not just a spa floor, which is genuinely new for the submarket.
- Maximum privacy: Vita at Grove Isle sits on a private 20-acre island, the most exclusive address on this list and priced accordingly.
- Lender confidence: The $734 million in 2026 financing tells you institutional capital is betting on long-term Grove demand, a signal worth weighing.
"In the Grove, I am never selling a unit on amenities alone. I am selling a neighborhood that does not overbuild. The scarcity is the product, and that is exactly why the long-term hold tends to reward Grove buyers who pick the right project for how they actually live."
Gerardo Gonzalez, Licensed Real Estate Agent at Compass
If you are deciding between the Grove and another waterfront submarket, my breakdown of Brickell vs Edgewater vs Sunny Isles pre-construction lays out the trade-offs in density, pricing, and rental flexibility side by side. And before you reserve anything, run the building through my checklist for evaluating a Miami condo building's financial health, because a strong developer and a strong reserve plan matter as much as the address.
Frequently Asked Questions
What new luxury developments are being built in Coconut Grove in 2026?
The active 2026 pipeline includes Four Seasons Private Residences on Biscayne Bay, THE WELL Coconut Grove on Tigertail Avenue, Mr. C Residences, and Vita at Grove Isle on the private 20-acre Grove Isle. THE WELL secured a $410 million construction loan from TYKO Capital and Four Seasons secured a $323.8 million loan from Bank OZK, both reported in early 2026.
How much do Coconut Grove new construction condos cost in 2026?
Pricing spans a wide band. Mr. C Residences starts in the high $1 millions, THE WELL starts around $1.5 million, and Four Seasons starts around $5.6 million for bayfront units. Vita at Grove Isle four-bedroom residences are listed from roughly $9.8 million up to penthouses above $21 million. Verify current pricing with the developer, since pre-construction tiers move as inventory sells.
What makes Coconut Grove different from Brickell for luxury buyers?
Coconut Grove trades Brickell's financial-district density for a walkable neighborhood with tree canopy, bayfront parks, and an active sailing culture around Dinner Key Marina. The pipeline is smaller and lower-density, which means more scarcity. Buyers who want a genuine full-time neighborhood prefer the Grove, while buyers prioritizing nightlife and walk-to-office convenience lean Brickell.
When will Four Seasons Private Residences Coconut Grove be delivered?
Four Seasons Private Residences, developed by CMC Group and Fort Partners at Grove Harbor, is targeted for the 2027 to 2028 window. THE WELL Coconut Grove, a 194-unit Terra and AB Asset Management project, is targeted to open around the fourth quarter of 2028. Confirm the current schedule directly with the sales team before reserving, since pre-construction timelines can shift.
Is Coconut Grove a good place to buy luxury real estate in 2026?
The Grove combines limited developable land, established demand, and roughly $734 million in 2026 construction financing across just a handful of projects. The broader Miami-Dade luxury condo market sat near $1,381 per square foot in Q1 2026, down about 11.6 percent year over year, so buyers have more negotiating room now than during the 2021 to 2022 peak.
Who are the developers behind Coconut Grove's new luxury condos?
Terra, led by David Martin, is the most active luxury developer in the Grove and is building THE WELL with AB Asset Management. Four Seasons Private Residences is a joint venture between CMC Group, led by Ugo Colombo, and Fort Partners, led by Nadim Ashi. Terra also shaped the neighborhood earlier with Grove at Grand Bay and Park Grove.
Related Articles
- Luxury Condos in Coconut Grove: Neighborhood Guide
- Brickell vs Edgewater vs Sunny Isles: Where to Buy Pre-Construction in Miami 2026
- Baccarat Residences Brickell: Construction Update and Buyer Guide 2026
- The 2026 Miami Pre-Construction Buyer's Guide
- Miami Pre-Construction Buying Process, Step by Step
Frequently Asked Questions
Last verified June 5, 2026: The Real Deal reports Terra and AB Asset Management secured a $410 million TYKO Capital construction loan for the 194-unit THE WELL Coconut Grove at 2835 Tigertail Avenue, and Florida YIMBY reports CMC Group and Fort Partners secured a $323.8 million Bank OZK loan for Four Seasons Private Residences. Q1 2026 Miami-Dade luxury condo pricing sat near $1,381 per square foot per CondoBlackBook. Pricing and timelines are subject to change.
Thinking about Coconut Grove? I will walk you through every active project, the developer track records, and the real pricing so you can match the right building to how you actually want to live.
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Data sources: The Real Deal, Florida YIMBY, Commercial Observer, and CondoBlackBook market data for construction-loan and pricing figures. Developer details reflect publicly reported information. Compiled from sources deemed reliable but not guaranteed; readers should verify current pricing, availability, and timelines with the development team.
Pricing and delivery timelines as of June 2026 and subject to change. This article is for informational purposes only and does not constitute financial, legal, or investment advice.