The hot spot for real estate
Coconut Grove has long been known by locals as an idyllic, dynamic and historic neighborhood that many generations have called home. Today, it seems that everyone wants a piece of Coconut Grove, so much so that Variety magazine believes that Coconut Grove is Miami’s hot spot for real estate.
“I personally believe Coconut Grove is one of the most sought-after neighborhoods in the entire country,” David Martin, CEO of Terra....“People feel a sense of place and community here. It’s a neighborhood where people can plant a flag,” Martin says, noting the appeal to families.
David Martin's Terra Group is a real estate development and investment firm based in Miami, Florida. The company was founded in 2001 and has since become one of the most successful real estate development firms in South Florida.
As a luxury community that enjoys both a rich residential history and many modern attractions, Coconut Grove has long been considered one of Miami’s hidden gems, and one of the best residential neighborhoods in all of South Florida. It’s pedestrian friendly, also the greenest area of Miami with over fifteen parks and gardens.
Founded in the late 1800s, Coconut Grove or “the Grove” as it is affectionately known has provided an oasis of tranquility in the thriving, cosmopolitan city of Miami. Residents started migrating since Covid to Coconut Grove and since then, they haven’t stopped moving to this beautiful neighborhood. As a matter of fact, Coconut Grove is in more demand today than it was in the height of the pandemic, bringing robust market conditions of Coconut Grove with record highs for pricing and sales is across the board for homes and condos. Last year, Coconut Grove had the highest sale when Ken Griffin, the CEO of Citadel paid $106 million for two estates on a combined waterfront lot.
Where is Coconut Grove?
Coconut Grove is located just south of downtown Miami on a long, beautiful stretch of Biscayne Bay, affording residents easy access to the water and all it offers. The neighborhood is bordered by Biscayne Bay to the east, Coral Gables to the south, and Brickell to the north.
Some of the reasons to relocate to Coconut Grove
With a boat-filled marina and streets lined with palm trees, there’s a tropical feel to this neighborhood. It is also a close-knit community with a neighborhood feel. It has very upscale real estate including triple AAA class buildings but it is has a distinctively, laid back feel.
Coconut Grove is full of outdoor attractions great for family outings, including parks and a historic waterfront. Here are some ways to keep the family busy in Coconut Grove, many of which are centered on or near the gorgeous water the neighborhood is known for. In addition to water activities, Coconut Grove is full of outdoor attractions great for family outings, including parks and a historic waterfront.
There are many yacht clubs and other establishments where families can rent sailboats, take lessons, or go on charter trips of various lengths. Noteworthy ones include the Coconut Grove Sailing Club, Coral Reef Yacht Club, and the Biscayne Bay Yacht Club.
Sailing is a wonderful activity that can be enjoyed throughout life, so getting kids involved early can introduce them to a recreation they will enjoy for decades to come. Perhaps one day, they’ll return and compete in one of the significant regattas staged in Coconut Grove, including the internationally acclaimed Miami Sailing Week as well as the Orange Bowl Regatta. Sailing is serious business in Coconut Grove, as current and prospective Olympians train year-round in the nearby U.S. Sailing Center.
For a full day of fun, take the family to Peacock Park - a centrally located space featuring both outdoor and indoor recreation. There’s a playground, multi-purpose field, softball field, basketball court, and soccer field, all situated on the park’s nine acres. The recreation building houses areas to play games such as ping pong, foosball, and other activities to keep kids entertained. Families can also enjoy a leisurely walk along the boardwalk bridge, which offers spectacular views of Biscayne Bay.
Coconut Grove Farmers Market
The Coconut Grove Saturday Organic Farmers Market is an excellent place for a family outing on Saturday mornings and is a favorite among those who own houses in Coconut Grove. Visitors can browse the many stalls set up along Grand Avenue, and peruse all sorts of fruits and vegetables. Purchase some halved coconuts as a treat, or come home with one of their healthy pre-prepared meals.
The redone CocoWalk is a popular commercial center located in the heart of downtown Coconut Grove, featuring shops, restaurants, theaters, and offices. CocoWalk is spread out over three floors, and attracts a plethora of tourists and residents throughout the year. Beyond shopping and pampering, the CocoWalk office spaces are in a convenient, trendy location for business teams to get together and collaborate.
Coconut Grove Arts Festival
Coconut Grove Arts Festival is an absolute highlight among the neighborhood’s annual events and is staged during the Presidents’ Day weekend every February along the downtown streets. Billed as South Florida’s premier arts festival, it features more than 350 artists displaying their beautiful craftsmanship. Visitors can also enjoy an incredible and varied selection of food and drink, lively musical performances, and a family fun area to keep the children occupied.
Vizcaya Museum & Gardens
The Vizcaya Museum & Gardens is a National Historic Landmark worth a family visit simply for its hedge mazes which fascinate anyone of any age. The mazes are spread out across the 25 acres of garden, and the centerpiece is a stunning Gilded Age mansion right on Biscayne Bay. The museum showcases several collections of rare and historical artworks and furnishings and is a true cultural treasure of the area.
Barnacle Historic State Park
Not far from Peacock Park is Barnacle Historic State Park, a five-acre open complex that hosts a variety of fun events. Among them is Woofstock, a day of dog-friendly activities popular amongst kids, and several outdoor film festivals and moonlight concerts.
The redone CocoWalk is a popular commercial center located in the heart of downtown Coconut Grove, featuring shops, restaurants, theaters, and offices. CocoWalk is spread out over three floors, and attracts a plethora of tourists and residents throughout the year. Beyond shopping and pampering, the CocoWalk office spaces are in a convenient, trendy location for business teams to get together and collaborate. This mixed-use area provides the ultimate in luxury and convenience,
Once you’ve settled in a piece of Coconut Grove real estate, you’ll enjoy exploring these events and attractions, and what the many other families have been enjoying for decades.