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Coconut Grove

Average List Price

$3,609,821

Average Price per Sqft

$1,277

Number of Active Listings

349

New Listings (last 30 days)

64

Average Days on the Market

133

Average Year Build

1991

Recent Transactions

Homes Sold (last 30 days)
37
Average Sale Price (last 30 days)
$3,044,216

Rental Market

Average Rent per month

$8,943

Map of the area

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3D Tour
$40,000,000
Coconut Grove
Virtual Tour
$40,000,000
6941 Sunrise Ct, Coral Gables, FL, 33133
6
8
ACTIVE
MLS# A12025783
3D Tour
$29,500,000
Coconut Grove
Virtual Tour
$29,500,000
3305 Moorings Way, Miami, FL, 33133
7
9
14,720 Sq ft
ACTIVE
MLS# A11862938
3D Tour
$24,500,000
Coconut Grove
Virtual Tour
$24,500,000
1725 Bayshore Dr, Miami, FL, 33133
9
14
10,864 Sq ft
CONTRACT
MLS# A11884173
3D Tour
$21,300,000
Coconut Grove
Virtual Tour
$21,300,000
5 Grove Isle Dr UNIT PH-L05, Coconut Grove, FL, 33133
4
6
7,027 Sq ft
ACTIVE
MLS# A12025886
3D Tour
$20,900,000
Coconut Grove
Virtual Tour
$20,900,000
2627 Bayshore Dr UNIT 3201, Miami, FL, 33133
5
8
7,061 Sq ft
ACTIVE
MLS# A12014788
3D Tour
$18,950,000
Coconut Grove
Virtual Tour
$18,950,000
3373 Poinciana Ave, Miami, FL, 33133
5
6
4,280 Sq ft
ACTIVE
MLS# A11979910
3D Tour
$16,900,000
Coconut Grove
Virtual Tour
$16,900,000
1840 Bayshore Ln, Miami, FL, 33133
5
7
12,863 Sq ft
ACTIVE
MLS# A11861425
3D Tour
$16,000,000
Coconut Grove
Virtual Tour
$16,000,000
2756 37th Ave, Miami, FL, 33133
ACTIVE
MLS# A11761030
3D Tour
$15,250,000
Coconut Grove
Virtual Tour
$15,250,000
4100 Kiaora St, Miami, FL, 33133
6
8
8,921 Sq ft
ACTIVE
MLS# A11941425
3D Tour
$15,000,000
Coconut Grove
Virtual Tour
$15,000,000
2816 37th Ave, Miami, FL, 33133
ACTIVE
MLS# A11991846
3D Tour
$15,000,000
Coconut Grove
Virtual Tour
$15,000,000
2828 37th Ave, Miami, FL, 33133
ACTIVE
MLS# A11991955
3D Tour
$15,000,000
Coconut Grove
Virtual Tour
$15,000,000
2814 37th Ave, Miami, FL, 33133
ACTIVE
MLS# A11991823
Virtual Tour
Coconut Grove
$40,000,000
6941 Sunrise Ct, Coral Gables, FL, 33133
6
8
ACTIVE
MLS# A12025783

Listing Office: Douglas Elliman

Virtual Tour
Coconut Grove
$29,500,000
3305 Moorings Way, Miami, FL, 33133
7
9
14,720 Sq ft
ACTIVE
MLS# A11862938

Listing Office: Coldwell Banker Realty

Virtual Tour
Coconut Grove
$24,500,000
1725 Bayshore Dr, Miami, FL, 33133
9
14
10,864 Sq ft
CONTRACT
MLS# A11884173

Listing Office: Coldwell Banker Realty

Virtual Tour
Coconut Grove
$21,300,000
5 Grove Isle Dr UNIT PH-L05, Coconut Grove, FL, 33133
4
6
7,027 Sq ft
ACTIVE
MLS# A12025886

Listing Office: Douglas Elliman

Virtual Tour
Coconut Grove
$20,900,000
2627 Bayshore Dr UNIT 3201, Miami, FL, 33133
5
8
7,061 Sq ft
ACTIVE
MLS# A12014788

Listing Office: One Sotheby's International Realty

Virtual Tour
Coconut Grove
$18,950,000
3373 Poinciana Ave, Miami, FL, 33133
5
6
4,280 Sq ft
ACTIVE
MLS# A11979910

Listing Office: Coldwell Banker Realty

Virtual Tour
Coconut Grove
$16,992,000
3210 Coacoochee St, Miami, FL, 33133
6
8
10,689 Sq ft
ACTIVE
MLS# A11954298

Listing Office: Coldwell Banker Realty

Virtual Tour
Coconut Grove
$16,900,000
1840 Bayshore Ln, Miami, FL, 33133
5
7
12,863 Sq ft
ACTIVE
MLS# A11861425

Listing Office: Douglas Elliman

Virtual Tour
Coconut Grove
$16,000,000
2756 37th Ave, Miami, FL, 33133
ACTIVE
MLS# A11761030

Listing Office: Synergy Realty Advisors

Virtual Tour
Coconut Grove
$15,250,000
4100 Kiaora St, Miami, FL, 33133
6
8
8,921 Sq ft
ACTIVE
MLS# A11941425

Listing Office: Coldwell Banker Realty

Virtual Tour
Coconut Grove
$15,000,000
2816 37th Ave, Miami, FL, 33133
ACTIVE
MLS# A11991846

Listing Office: Realty Group of Miami, LLC

Virtual Tour
Coconut Grove
$15,000,000
2828 37th Ave, Miami, FL, 33133
ACTIVE
MLS# A11991955

Listing Office: Realty Group of Miami, LLC

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Coconut Grove
MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 10th August, 2026 11:31 PM (UTC)
Coconut Grove FL - Frequently Asked Questions

What buyers and sellers
ask about Coconut Grove.

Answers to the most common questions about buying and selling real estate in Coconut Grove, FL from InvesTeam Realty, serving this market for over 24 years.

What is the average home price in Coconut Grove FL?
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As of early 2026, the median listing price in Coconut Grove sits in the low to mid $2M range, with active listings carrying a median asking price around $2.94M as of April 2026. Single-family homes carry a higher median around $1.7M to $2.7M depending on the sub-neighborhood and water proximity, while condos and townhomes list around $720,000 to $875,000. Homes are averaging 72 to 133 days on market and tend to sell at approximately 6% below list price. Pricing varies significantly by sub-neighborhood, lot size, school zone, and flood exposure.
What is Coconut Grove known for as a community?
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Coconut Grove is Miami's oldest neighborhood and one of the most distinctive communities in South Florida. It is defined by dense tree canopy, bayfront estates along Biscayne Bay, a walkable village center with restaurants and boutiques, and a bohemian character that sets it apart from the high-rise density of nearby Brickell and downtown Miami. The Grove encompasses distinct sub-neighborhoods including Northeast Grove, Southwest Grove, and the area around Cocoplum, each with its own character and price range. North Grove provides the closest access to Brickell and downtown while maintaining a residential feel. Coconut Grove is also home to several marinas and has one of the strongest boating cultures in Miami-Dade County.
What should buyers know about flood risk in Coconut Grove?
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Flood risk is a material consideration in Coconut Grove, particularly in Southwest Grove where data shows a significant portion of properties carry meaningful flood risk over a 30-year period. Buyers should obtain an elevation certificate, review the FEMA flood zone designation for any specific property, and get flood insurance quotes before making an offer. Flood insurance costs have increased substantially in Florida in recent years and must be factored into total ownership cost. Your InvesTeam Realty agent will identify the flood zone status of every property you are seriously considering. Consult a licensed insurance professional for guidance on coverage and cost.
Is Coconut Grove a good place to invest in real estate?
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Coconut Grove is supply-constrained with limited new development capacity given its historic character, dense tree canopy, and bayfront geography. This structural scarcity has supported long-term values. The market is driven by lifestyle buyers with holding power rather than speculative activity, which moderates volatility. Buyers in 2026 have more leverage than in prior years with homes averaging 6% below list price. Condo due diligence is essential given the structural inspection law. Flood insurance costs are a real ownership expense that must be factored into any investment analysis. Past performance does not guarantee future results.
How long does it take to buy a home in Coconut Grove?
+
Homes in Coconut Grove currently average 72 to 133 days on market depending on sub-neighborhood and price point. Well-priced properties in North Grove can go under contract faster given proximity to Brickell demand. Once under contract, financed purchases close in 30 to 45 days and cash transactions in 14 to 21 days. At Coconut Grove price points, buyers typically allocate the full inspection period to complete structural inspections, flood zone assessment, and title research.
What public schools serve Coconut Grove FL?
+
Coconut Grove is served by Miami-Dade County Public Schools with 2 elementary schools in the immediate area and access to private school options including St. Stephen's Episcopal Day School. The Grove also borders Coral Gables to the south, which provides access to additional school options depending on property address. School assignments are determined by property address and are subject to change - always verify zoning directly with Miami-Dade County Public Schools before making a purchase decision.
What are the closing costs for buyers in Coconut Grove?
+
Coconut Grove is in Miami-Dade County. Buyers typically pay 2% to 5% of the purchase price in closing costs on a financed transaction. Key costs include doc stamps on the mortgage at $0.35 per $100 of loan, intangible tax at 0.20% of the loan amount, and owner's title insurance paid by the buyer in Miami-Dade County. At Coconut Grove price points, flood insurance must also be budgeted as an ongoing ownership cost. Use our free Buyer Closing Costs Calculator on the InvesTeam Realty website. If purchasing from a foreign seller, FIRPTA withholding requirements may apply - consult your closing agent and a qualified tax advisor.
What is FIRPTA and does it apply to Coconut Grove transactions?
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FIRPTA - the Foreign Investment in Real Property Tax Act - requires buyers to withhold up to 15% of the gross sales price when purchasing U.S. real estate from a foreign seller. As part of greater Miami-Dade County, international buyers and sellers are active in Coconut Grove and FIRPTA applies to any qualifying transaction. Buyers have a legal obligation to withhold and remit these funds to the IRS at closing unless a valid exemption applies. Both buyers and sellers should consult a qualified tax advisor and real estate attorney before closing on any transaction involving a foreign seller.
Why choose InvesTeam Realty to buy or sell in Coconut Grove?
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InvesTeam Realty has been active in South Florida including the Coconut Grove and Coral Gables corridor for over 24 years. Broker-Owner Reinaldo Gonzalez holds 16 NAR professional designations including the Certified International Property Specialist designation. Our agents bring experience with Coconut Grove's unique combination of historic character, flood zone considerations, and luxury price points. We serve all buyers and sellers equally in full compliance with federal and Florida fair housing laws. Equal Housing Opportunity.
Ready to buy or sell in Coconut Grove?
Talk to an InvesTeam Realty agent today. No pressure, no obligation.