Coconut Grove is not a market that rewards the buyer who approaches it the way they’d approach Brickell or Sunny Isles Beach. The pricing looks deceptively similar on a per-square-foot basis, the buildings look varied on a map, and the neighborhood’s bohemian-meets-luxury positioning attracts a buyer profile that is, on balance, more specific than the broader South Florida luxury market. Understanding which building fits which buyer — and why — requires knowing the inventory clearly rather than simply shortlisting everything on S Bayshore Drive.
This is the buyer’s shortlist for Coconut Grove’s luxury condo market in 2026. Eight buildings, structured by commercial priority, each with the specific facts a serious buyer needs before requesting a showing.
1. Ziggurat Coconut Grove — The ONE Sotheby’s Exclusive
Address: 3101 Grand Avenue, Coconut Grove
Developer: Allen Morris Company in partnership with the Espinosa family
Architect: Oppenheim Architecture
Interior Design: Collarte Interiors
Residences: 18 ultra-luxury condominiums across 3 stories
Size range: 1,254 to over 5,000 square feet
Bedrooms: 2 to 5
Pricing: From $3.5 million to $15 million
Status: Under construction — groundbreaking February 2026, 65% sold at groundbreaking
Sales team: ONE Sotheby’s International Realty
Ziggurat is the most architecturally distinctive new residential project in Coconut Grove’s current pipeline and the only building in this guide where ONE Sotheby’s International Realty is the sales team. At 3101 Grand Avenue — directly across from the newly renovated Kirk Munroe Park — the project takes its name and its design language from the ancient stepped pyramidal structures of Mesopotamia: a three-story residential building with a cascading terraced façade composed of natural oolite stone, deep 12-foot terraces on every residence, and cascading gardens integrated into the structure itself.
Oppenheim Architecture’s design is biophilic in a way that goes beyond the standard “greenery on balconies” gesture found at many Miami luxury buildings. The landscaping — by Naturalficial’s Andrés Arcila — treats the building’s exterior as a living surface, with vegetation cascading from every level and pedestrian paseos leading to a lushly planted central courtyard shared with the project’s adjacent five-story office tower and 40,000 square feet of ground-floor retail. The Espinosa family — owners of Grove Laundry & Cleaners at this location since 1961 — are partners in the development and will return with a new business outpost once construction is complete. That kind of neighborhood continuity is unusual in Miami luxury development and reflects a deliberate respect for Coconut Grove’s community fabric that buyers specifically drawn to the Grove’s character will recognize and value.
The building features a private rooftop restaurant with sweeping views of Biscayne Bay, helmed by a Michelin-starred chef — an amenity without precedent in Coconut Grove’s existing residential inventory. Residents also have access to a resort-style pool, a hydrotherapy circuit, and the walkable infrastructure of the Grove’s village core immediately outside their door.
Residences feature Wolf and Sub-Zero appliance packages, including a 60-inch refrigerator and built-in wine refrigeration, custom Italian wood cabinetry, Italian stone countertops, and primary bathrooms with Dornbracht fixtures, deep soaking tubs, and dual-function shower heads. Private elevator access and summer kitchens on select terraces complete the specification.
At 65% sold at groundbreaking with 2026 construction underway, the window to acquire remaining Ziggurat residences is narrowing. Contact me directly for current availability and pricing on specific configurations.
2. Park Grove — Three Towers, One Landmark Address
Address: 2811–2831 S Bayshore Drive, Coconut Grove
Developer: Terra Group and Related Group
Architect: OMA / Rem Koolhaas (One Park Grove and Two Park Grove); Arquitectonica (Club Residences)
Interior Design: Meyer Davis Studio (common areas); William Sofield (kitchens and baths)
Landscape: Enzo Enea
Residences: 276 total units across three towers
Delivered: 2018
Current pricing: From approximately $1.1 million to $10 million and above
Park Grove is the defining luxury condominium campus of Coconut Grove’s modern era — three towers on 5.2 acres at 2811–2831 S Bayshore Drive, delivered in 2018 by Terra Group and Related Group with architecture by OMA’s Rem Koolhaas for One and Two Park Grove and Arquitectonica for the Club Residences tower.
The building’s architectural identity is anchored by One and Two Park Grove, where Koolhaas’s OMA designed two curvilinear, organically shaped towers that lean away from each other at the top — a gesture toward the surrounding tree canopy that is immediately recognizable in the Coconut Grove skyline. The Club Residences tower offers a more conventional high-rise profile alongside the campus’s boutique amenity program, with a rooftop pool deck delivering some of Miami’s most expansive views over Biscayne Bay.
The breadth of Park Grove’s 276-unit inventory is both its primary advantage and its primary complexity for buyers: the three towers offer meaningfully different price points, layouts, and floor plans, requiring building-specific comparable analysis rather than a single portfolio-wide average. The Club Residences tower — at approximately $1.1 million for entry-level one-bedroom configurations — represents the most accessible luxury entry in Coconut Grove’s established branded tower market. One and Two Park Grove’s larger, architecturally significant layouts are the address buyers seek when OMA’s Koolhaas pedigree is the primary criterion.
Amenities across the campus include the signature 5-acre landscaped grounds designed by Enzo Enea, a rooftop pool deck, a full-service spa, indoor and outdoor yoga, a children’s play area, a 28-seat screening room, wine storage, private dining rooms, and a nautical-themed concierge for booking yachts and sailing lessons — a reflection of the Grove’s deep maritime character.
3. Grove at Grand Bay — Bjarke Ingels’s Twisting Towers
Address: 2669 and 2675 S Bayshore Drive, Coconut Grove
Developer: Terra Group
Architect: Bjarke Ingels Group (BIG) with Nichols Brosch Wurst Wolfe + Associates
Landscape: Raymond Jungles
Residences: 95 residences across two 20-story towers — 58 in the North Tower, 37 in the South Tower
Delivered: 2016
Current pricing: Approximately $6.5 million to $12.5 million
Grove at Grand Bay is Coconut Grove’s most architecturally celebrated delivered building — two 20-story towers designed by Bjarke Ingels Group that spiral as they rise, each twisting in a different direction to maximize views and minimize the buildings’ visual impact on each other. The towers sit on three acres of lushly landscaped grounds designed by Raymond Jungles, one of South Florida’s most recognized landscape architects.
At 95 total residences — 58 in the North Tower and 37 in the South Tower — Grove at Grand Bay maintains a density that is genuinely boutique relative to its tower height. The 12-foot ceilings throughout, 12-foot-deep terraces on east-facing residences, floor-to-ceiling glass, and private two-car air-conditioned garages on corner and penthouse units are specifications that remain exceptional by current Coconut Grove standards even a decade after delivery.
The building’s service infrastructure reads more like a private club than a conventional condo tower: butler service, on-site chef services, pet grooming and walking, and a $250 monthly food credit at the Grove Kitchen restaurant included in association dues. Current active listings range from $6.49 million to $12.5 million, placing Grove at Grand Bay squarely in the upper tier of Coconut Grove’s delivered luxury market and at a price point where the Bjarke Ingels architectural premium is both real and measurable against comparable square footage in less architecturally significant buildings nearby.
The buyer for Grove at Grand Bay is, without exception, someone who specifically values the BIG architectural pedigree — and who has evaluated the building against Park Grove’s Koolhaas towers and made a considered decision between Miami’s two most celebrated Pritzker-adjacent condominium addresses.
4. Mr. C Residences Coconut Grove — Italian Hospitality Brand in the Grove
Address: Two buildings — Bayshore and Tigertail locations, Coconut Grove
Developer: Related Group and Lionheart Capital
Architect: Arquitectonica
Brand: Mr. C Hotels (Cipriani family)
Current pricing: From approximately $1.1 million
Mr. C Residences brings the Cipriani family’s hospitality brand to Coconut Grove in two buildings — a Bayshore bayfront address and a Tigertail interior address — developed by Related Group and Lionheart Capital with architecture by Arquitectonica. The Cipriani family’s involvement means the service infrastructure reflects the same Italian hospitality culture behind Cipriani Residences Brickell, covered elsewhere in this guide series, applied here at a more accessible price point in a lower-density neighborhood context.
The Bayshore building is the stronger commercial address — bayfront positioning with water views, the full Mr. C service package, and the Coconut Grove waterfront character that defines the neighborhood’s premium tier. The Tigertail location offers the branded service infrastructure at a lower entry price for buyers who prioritize the Mr. C lifestyle and budget over bay-view positioning.
For buyers who evaluated Cipriani Residences Brickell elsewhere in this guide and found the price point or the urban density too aggressive, Mr. C Coconut Grove offers a conceptually similar branded-service proposition in a neighborhood that is meaningfully quieter, greener, and more family-oriented than Brickell’s financial core.
5. Vita at Grove Isle — BIG’s Island Pre-Construction
Address: Grove Isle (private island), Coconut Grove
Architect: Bjarke Ingels Group (BIG) / CallisonRTKL
Status: Delivered
Setting: Gated island — 5 Grove Isle Drive
Vita at Grove Isle represents the next architectural chapter on Grove Isle — the small, private island connected to Coconut Grove by a single causeway that has been home to a resort hotel and three towers of condominiums since the 1980s. The arrival of a Bjarke Ingels Group-designed replacement or addition to that inventory marks a significant upgrade in architectural ambition for a location that has long been valued for its seclusion and privacy rather than its design pedigree.
Grove Isle’s defining characteristic — a gated island accessible only via one causeway, with all the privacy implications that implies — gives Vita at Grove Isle an isolation profile that no mainland Coconut Grove address can replicate. Residents of the existing Grove Isle towers have historically been drawn by exactly that character: the ability to live on an island that functions as a private enclave two minutes from the Grove’s village core.
For buyers evaluating the pre-construction pipeline in Coconut Grove, Vita is the offering for those who specifically want island living within the Coconut Grove orbit. Specific pricing, unit counts, and delivery timelines are available on request — this project is earlier in its sales cycle than the buildings above.
6. Grovenor House — The Established Bayfront Classic
Address: 2627 S Bayshore Drive, Coconut Grove
Style: Full-service bayfront high-rise
Status: Delivered, established resale market
Grovenor House at 2627 S Bayshore Drive is Coconut Grove’s longest-established premium bayfront address in the guide — a full-service high-rise with direct Biscayne Bay views, resort-style amenities, and the kind of mature, well-managed building infrastructure that buyers who have lived through the post-Surfside due diligence era specifically seek.
The building’s position on S Bayshore Drive gives it the same bayfront address as Park Grove and Grove at Grand Bay, at a resale price point that reflects its vintage relative to those newer towers rather than its location quality. For buyers who want Coconut Grove’s premier bayfront corridor without the premium commanded by the newer architecturally significant towers, Grovenor House offers the address, the water views, and a well-established community at a more accessible per-square-foot entry.
Post-Surfside due diligence — reserve funding review, milestone inspection status, and special assessment exposure — applies here as with any established building of this vintage. Buyers should request the building’s current reserve study and milestone inspection report as a standard condition of any offer.
7. The Mutiny — The Historic Village Address
Address: 2951 S Bayshore Drive, Coconut Grove
Style: Boutique all-suite building, historic character
The Mutiny at 2951 S Bayshore Drive is Coconut Grove’s most storied residential address — a boutique all-suite building whose history in the Grove’s social fabric gives it a character that no newer building can replicate. The Mutiny Hotel’s history as one of Miami’s most glamorous addresses in the 1970s and 1980s is embedded in the building’s identity in a way that longtime Coconut Grove buyers specifically recognize and value.
For buyers who want a piece of Coconut Grove’s authentic history rather than its newest architecture, The Mutiny occupies a niche in the market that is genuinely distinct from every other building in this guide. Its all-suite format and boutique scale make it the most private and personally scaled of the addresses covered here.
8. Four Seasons Private Residences Coconut Grove — The Arriving Ultra-Luxury Benchmark
Address: Coconut Grove Bayfront, Coconut Grove
Developer: New development pipeline
Architect: Revuelta Architecture International
Brand: Four Seasons
Status: Pre-construction, $734 million in financing secured
Pricing: Approximately $4,000 per square foot
Four Seasons Private Residences Coconut Grove is the building that signals where Coconut Grove’s pricing ceiling is heading. At approximately $4,000 per square foot — alongside Terra Group’s The Well Coconut Grove, which recently secured a combined $734 million in construction financing — Four Seasons Coconut Grove represents the first ultra-luxury branded arrival in a neighborhood whose established tower market has historically traded significantly below Brickell and Bal Harbour on a per-square-foot basis.
Revuelta Architecture International — the same firm behind Aston Martin Residences and St. Regis Residences Sunny Isles Beach covered elsewhere in this guide series — brings an architectural pedigree that anchors the building’s premium positioning rather than leaving it to the Four Seasons brand alone.
For buyers evaluating Coconut Grove’s pre-construction pipeline specifically, Four Seasons represents the market’s most ambitious pricing thesis — and the one most comparable to what Rivage Residences is doing to Bal Harbour’s pricing ceiling. Whether the neighborhood’s established buyer base absorbs $4,000 per square foot for a Coconut Grove address, and what the ripple effect on Grove at Grand Bay and Park Grove’s resale values looks like as delivery approaches, will be the defining market story in this corridor through the end of the decade.
A note on what this list is and is not. These are the buildings that define the Grove’s luxury tier, but they are not most of its market. Across 190 Coconut Grove condominium closings since January 2023, 92 were in buildings like the ones above and 98 were in smaller buildings that appear on no roundup. The second group closed at $701 per square foot against $967, for a median 2,145 square feet against 1,756, and went under contract 39 days faster. I set out the building-by-building closed sales, the association fees and why large new construction is the slowest segment in the Coconut Grove Condo Market analysis.
The Coconut Grove Market in 2026: What You Need to Know
Coconut Grove is in the middle of the most significant luxury repricing of any Miami neighborhood covered in this guide series — a transformation documented in real transactions: Google co-founder Larry Page’s $188 million compound, $734 million in new construction financing for Four Seasons and The Well Coconut Grove arriving simultaneously, and pre-construction pricing at $4,000 per square foot beginning to establish a new ceiling for a neighborhood whose established towers have historically traded at $800 to $1,500 per square foot.
The driver is specific: Coconut Grove luxury homes offers what no other Miami luxury submarket provides at scale — mature tree canopy, walkable village infrastructure, A-rated and elite private school proximity (Ransom Everglades, Carrollton School of the Sacred Heart, Gulliver Prep), and bayfront water access — in a single neighborhood. For buyers whose lifestyle criteria include schools, canopy, and community character alongside luxury finishes and views, Coconut Grove is increasingly the only Miami answer rather than one of several.
The practical implication for buyers evaluating the buildings in this guide: the spread between established resale pricing and incoming pre-construction pricing represents one of the most meaningful value gaps in Miami’s current luxury market. A buyer who enters Grove at Grand Bay or Park Grove at current resale pricing is acquiring an established, delivered, architecturally significant product at a per-square-foot level that will look increasingly favorable as Four Seasons and Ziggurat’s delivery benchmarks crystallize.
Frequently Asked Questions
What is the most exclusive condo building in Coconut Grove?
Grove at Grand Bay — 95 residences in two twisting Bjarke Ingels Group towers — has the lowest unit count of any delivered luxury building on S Bayshore Drive, combined with the most internationally recognized architectural pedigree of any Coconut Grove building currently in the resale market. For buyers for whom architectural exclusivity and boutique scale are the primary criteria, Grove at Grand Bay is the answer.
What is the newest luxury condo development in Coconut Grove?
Ziggurat Coconut Grove — 18 ultra-luxury residences designed by Oppenheim Architecture at 3101 Grand Avenue — broke ground in February 2026 and is the most recently launched luxury residential project in the neighborhood. ONE Sotheby’s International Realty is the sales team.
What is the price range for luxury condos in Coconut Grove?
The current market spans from approximately $1.1 million for entry-level configurations at Park Grove Club Residences and Mr. C Residences to $12.5 million for upper-floor units at Grove at Grand Bay, with Ziggurat’s pre-construction pricing running from $3.5 million to $15 million, and Four Seasons targeting approximately $4,000 per square foot for its upcoming delivery.
Is Coconut Grove a good investment in 2026?
The combination of $734 million in incoming new construction financing, pre-construction pricing emerging at $4,000 per square foot, and school and canopy infrastructure that no other Miami luxury submarket replicates at scale makes Coconut Grove one of the more compelling long-horizon residential investment stories in Miami-Dade County. The gap between established resale pricing and incoming new construction pricing is the most significant value opportunity in the current market.
Does Coconut Grove have good schools?
Yes — Coconut Grove’s proximity to Ransom Everglades School, Carrollton School of the Sacred Heart, and Gulliver Prep, combined with strong public options, gives the neighborhood one of the strongest school infrastructure profiles of any Miami-Dade luxury submarket. School proximity is consistently cited as a primary driver of longer average holding periods in Coconut Grove relative to Brickell and Sunny Isles Beach.
Ready to Explore Coconut Grove’s Luxury Condo Market?
Coconut Grove’s current moment — established Bjarke Ingels and Rem Koolhaas towers in the resale market, Ziggurat under construction, Four Seasons on the horizon — is the kind of stacked opportunity that a buyer who has done their research will look back on as a well-timed entry. The buildings are real, the pricing gap is real, and the neighborhood’s fundamentals are the strongest of any Miami submarket not directly on the Atlantic Ocean.
I am Ashton Coleman, a Broker-Associate with ONE Sotheby’s International Realty, holding the Certified Luxury Home Marketing Specialist (CLHMS) Million Dollar Guild designation, Certified Negotiation Expert (CNE), Transnational Referral Certification (TRC), and Resort & Second-Home Property Specialist (RSPS) designations. ONE Sotheby’s International Realty is the sales team for Ziggurat Coconut Grove.
View all available Coconut Grove luxury condos and penthouses at MiamiPenthousesandEstates.com, or contact me directly for a personalized building comparison and current availability across the full Coconut Grove market.
📞 Call or text: 305.978.7704
📧 Email: AColeman@onesothebysrealty.com
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Information provided is for informational purposes only and subject to change without notice. Pricing, availability, and completion dates are based on developer representations and market data current as of Q3 2026. ONE Sotheby’s International Realty is the sales team for Ziggurat Coconut Grove; no other buildings in this guide are exclusively represented by ONE Sotheby’s International Realty. Verify all details directly with the relevant developer or your legal and financial advisors prior to entering any transaction.
