The Grove is a low-density, view-driven condo market, and I spend my weeks helping buyers pay for the bay exposure instead of the marble in the lobby. According to realtor.com June 2026 data, the median sold price in Coconut Grove is $1,820,500, the median list price is $2,615,000, and product trades at about $1,265 per square foot with 325 active listings and a 77-day median time on market. For buyers targeting this neighborhood, the key decision is resale versus pre-construction. Resale offers immediate occupancy and known HOA structure. Pre-construction offers the HB 913 10-year reserve exemption plus a contract-to-delivery appreciation window. In a Grove tower I judge the specific line and floor first, because the open-bay units hold value here in a way the interior lines simply do not. My read is that the Grove rewards patience over inventory, so I would rather a buyer wait for the right exposure than overpay for whatever is listed today. Request a private neighborhood tour and I will pull the current comp set for every building you want to see. For context on the full Miami market, see Miami pre-construction buyer guide.
Coconut Grove Condo Market at a Glance (June 2026)
- Median sold price: $1,820,500 (realtor.com, June 2026)
- Median list price: $2,615,000
- Price per square foot: $1,265
- Median days on market: 77
- Active listings: 325
Coconut Grove luxury condos represent one of the most focused corners of Miami luxury real estate in 2026. Price range $1M-$15M. HOA typical $1.80-$3.50/sqft. Why this category matters: Tree-canopied bayfront village, boutique luxury scale, sailing community, quiet vs Brickell. This page walks through current inventory, pricing dynamics, and who should buy here.
Current Market (Q2 2026)
According to realtor.com June 2026 data, Coconut Grove shows 325 active listings, a median list price of $2,615,000, a median sold price of $1,820,500, roughly $1,265 per square foot, and a 77-day median time on market. Class A+ product sits at the lower end of the per-foot range, with a premium at branded or view-constrained inventory. Well-priced listings clear in 45-90 days, while overpriced listings sit 180+ days. For the condo median by sub-market, see the Northeast Coconut Grove condo prices.
Last verified: July 3, 2026.
Top Buildings in This Category
Featured Developments on LuxuryDade
Pre-construction towers in this area with full pricing, floor plans, and renderings:
- THE WELL Coconut Grove · From $1.5M · 194 Residences · Wellness View Details →
- Four Seasons Private Residences Coconut Grove · From $5.6M · 70 Residences · Est. 2028 View Details →
- The Lincoln Coconut Grove · From $1.5M · 48 Residences · Est. 2028 View Details →
Park Grove, Grove at Grand Bay, Fair Child Coconut Grove, Arbor Coconut Grove
Who Should Buy Luxury Condos in Coconut Grove
Buyers whose primary or investment goals match Coconut Grove's character (see 'why this category matters' above). For neighborhood fit analysis, use our Neighborhood Match Quiz to see if Coconut Grove ranks in your top 3.
Alternative Coconut Grove Options
If this specific category isn't quite right, Coconut Grove offers adjacent tiers: higher-priced product with more amenities, lower-priced product in older buildings, and pre-construction with 2027+ delivery for future appreciation.
HOA and Carrying Cost
Typical all-in monthly cost including HOA, insurance, property tax, and utilities runs 0.6-1.0% of purchase price annually. See our Cost of Ownership Calculator for a specific unit.
How I Help Buyers in Coconut Grove
I maintain a current list of every active listing and pre-construction unit in Coconut Grove matching your criteria. I pull reserve studies for resale, developer dossiers for pre-construction, and comparison matrices on similar recent sales. No sales pitch, just the data.
"Coconut Grove is one of my favorite neighborhoods to represent buyers in because of its combination of tree-canopied bayfront village. It's a neighborhood where the right unit appreciates reliably."
Want a personal shortlist of Coconut Grove luxury condos? Reach out for a 30-minute consultation and I will send you the top 5 matches to your criteria within 48 hours.
Frequently Asked Questions
What's the price range for luxury condos in Coconut Grove?
$1M-$15M as of Q2 2026. Pricing varies by building age, view, floor, and amenities.
Which are the top luxury condos in Coconut Grove?
Park Grove, Grove at Grand Bay, Fair Child Coconut Grove, Arbor Coconut Grove
What is the typical HOA in Coconut Grove?
$1.80-$3.50/sqft. Branded residences and buildings with hotel-grade service run at the higher end.
"Buyers ask me to weigh the Grove against Brickell all the time. My honest take: you pay a premium here for scarcity. Park Grove and Grove at Grand Bay trade above the market because boutique bayfront inventory barely exists, and that same scarcity is what protects the price later."Gerardo Gonzalez, Licensed Real Estate Agent at Compass
Why buy in Coconut Grove specifically?
Tree-canopied bayfront village, boutique luxury scale, sailing community, quiet vs Brickell
What are Coconut Grove's schools like?
Miami-Dade County public schools serve the neighborhood, plus private options like Gulliver, Ransom Everglades, Carrollton, Miami Country Day, depending on location. I can recommend specific schools based on your age-level needs.
Can I Airbnb a unit in Coconut Grove?
Depends on the specific building's HOA rules. Some buildings allow short-term rentals, most require 30+ day minimums. I pull the condo declaration before offer.
Frequently Asked Questions
Related neighborhoods: Coconut Grove waterfront homes | how the Grove compares to Edgewater's new towers
Ready to Work with Gerardo?
Book a 30-minute call. I walk you through specific buildings, units, and numbers relevant to your situation. No pitch, just analysis.
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