There’s a reason Coconut Grove is the oldest continuously inhabited Miami neighborhood, as its stunning waterside location and unique atmosphere never go out of style. With endless outdoor recreation, luxury shopping, and local events that bring the five square miles of the area together, buyers will love the variety in Coconut Grove real estate. Before relocating, here’s what you need to know as a buyer entering the current market.
Expect a more challenging search when looking for condos, as inventory is on the decline and median sales prices are rising. The Miami-Dade market still favors sellers, although conditions create more opportunities for buyers than in past years.
1. The community energy
Its general location makes Coconut Grove a convenient home base, as it’s only 15 minutes from spots like South Beach, full of shopping, shoreline, and nightlife. Downtown Miami is a short five minutes away, while the Metrorail connects the neighborhood to central Miami and other locations nearby. This spot is particularly popular with families, although luxury living is perfect for retirees, professionals, or college students attending the nearby University of Miami.
2. The widespread marina
Coconut Grove’s position right on Biscayne Bay makes Dinner Key Marina one of the main perks of the area. Historically, Dinner Key was the base of operations for the flying boats of Pan American Airways. Located in downtown historic Coconut Grove, the centrally located spot is the largest wet slip marina in the state. Nearly any boater can rest assured their vessel can be accommodated, as the 587-slip marina accepts boats between 30 and 135 feet long.
Today it’s conveniently located next to the historic city hall and the city’s retail and entertainment district. The marina offers long-term, liveaboard, seasonal, and transient customers, although you don’t have to own a boat to visit. Guests can reserve fishing and diving charters from this spot or fish on its wooden finger piers. Other marinas in the area include Grove Harbour and the Biscayne Bay Yacht Club.
3. Great parks
Another popular park in the area is Alice Wainwright Park. A protected upland plant community, parkgoers can admire the closed canopy forest of the area. This calm and relaxing coastal park destination is outfitted with several different amenities open for public use. Families can spend an afternoon at the playground or have fun in the open area, while fitness and sports areas like the basketball court and outdoor gym equipment make this park a good spot for any purpose.
4. Exciting real estate scene
Exciting new condo developments in Coconut Grove include Vita and Mr. C Tigertail. Vita provides sophisticated and exclusive condo living, featuring unobstructed water views and amenities like a full spa, private tennis, and pickleball courts, and a private marina. Mr. C Tigertail’s elegant condo selection provides contemporary European living paired with sunrise and sunset views, a rooftop pool and sundeck, a signature spa, and a fully outfitted fitness center.
5. Luxury shopping
Those relocating to Coconut Grove can expect Cocowalk to become a shopping favorite. Nature is at the center of its design, as shoppers walking through this outdoor mall can admire the lush tropical plants providing a lively atmosphere. With a mix of office spaces, independent boutiques, and popular stores, visitors can find a range of retail stores, dining, and services.
6. Plenty of local events
The Saturday Organic Farmers Market is another area staple, featuring a range of fresh produce, grains, seeds, vegan foods, and more. Visit year-round to get a feel of the local seasonal variety, or try out meals at the salad bar. Guests can order a raw food pizza or a raw Nori roll before buying a sweet fruit pie or some ice cream for dessert.