Coconut Grove

Coconut Grove is Miami’s oldest neighbourhood, a leafy, bayfront village with large lots, marinas and a bohemian history. It combines low-rise living with easy access to downtown.

Waterfront
Upscale
Family friendly

Indicative figures · our listings & transactions

Median sale: $1.3M
Median rent: $4,600/mo
Price per area: $910/sq ft
Year on year: Up +1.0%vs last year
Days on market: 78days
Walk / transit: 71 / 52/100

Overview

About Coconut Grove

Banyan trees, waterfront parks, sailing clubs and a walkable village centre give the Grove a relaxed, green feel. Homes range from older bungalows to large modern villas.

The Coconut Grove Metrorail station connects to downtown in about 15 minutes, but most residents drive. Traffic on South Bayshore Drive can be slow.

In 2026 the median sale price is about $1.25M, roughly $9,800 per square metre, and a typical 2-bedroom rental costs about $4,600 a month. Prices are up 1% on a year ago and homes take around 78 days to sell, which points to balanced demand.

Elevation and flood zones vary, so check the flood map and insurance quotes. Zoning protects the tree canopy, which can limit changes to the lot.

Modern waterfront villa with palm trees on a canal in Miami, Florida

Open-plan living room with dark sofas, wooden floor and garden doors beside kitchen

Walk score71 / 100

Market

Prices and rents

Typical sale price
$1.3M
Typical rent
$4,600/mo

Coconut Grove is growing steadily rather than sharply. Well-priced homes still sell within weeks, but there is room to negotiate on listings that have sat for longer than the local median.

Indicative figures from our listings and transactions.