Coconut Grove

Miami, FL

Neighborhood Market Analysis

Q3 2025 Report

$1,600,000 (June 2025)

Median Home Price

High (Walk Score: 75–85, especially in Center Grove)

Walkability Score

Consistently A-rated public and private schools; highly sought after by relocating families.

School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by US-1 (north and west), Biscayne Bay (east), and North/South Coconut Grove neighborhoods (south). Includes subareas like North Grove, South Grove, Bay Heights, and Center Grove.

Zip Codes

33133

Market Data Summary

Price RangeUpdated 3-bed, 2-bath: $1.5M–$2M; 4–5 bed on oversized lots: $2.5M–$4M+; New construction/luxury: $4M–$10M+

Price per Sq Ft$853 (June 2025)

Inventory LevelsLowest luxury inventory in Miami; overall tight supply, especially for updated and well-located homes[1][2].

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesLuxury condosTownhomes

Architectural Styles

Old FloridaMediterranean RevivalModern luxuryMid-centuryKey West-style

Property Details

Typical Lot Sizes5,000–20,000+ sq ft; larger lots in South Grove and Bay Heights.

Home Age Range1920s–2025 (historic cottages to new construction)

Construction QualityHigh; many homes updated or newly built, especially in luxury segment. Elevated lots and flood-resistant construction are valued[1][3].

Community Profile

Demographics & Lifestyle

Demographics

Affluent, diverse, mix of families, professionals, and international buyers. High proportion of high-net-worth individuals and established Miami families.

Community Vibe

Laid-back, artsy, historic, and lush. Known for tree canopy, bayfront parks, and village feel.

Typical Residents

Families
Young professionals
Retirees
International buyers

Family Friendly

Very; top-rated schools, parks, and walkable streets. Strong sense of community and safety.

Amenities & Lifestyle

Parks & Recreation

• Kennedy Park
• Peacock Park
• David T. Kennedy Park
• Regatta Park
• Biscayne Bay waterfront

Dining Options

• Greenstreet Café
• Glass & Vine
• Ariete
• Lokal
• Monty's Raw Bar

Shopping Centers

• CocoWalk
• Mayfair in the Grove
• Grove Village Shops

Local Businesses

• CocoWalk
• The Barnacle Historic State Park
• Grove Market
• Bookstore & Kitchen

Education & Schools

Consistently A-rated public and private schools; highly sought after by relocating families.

Overall School Rating

Elementary Schools

• Coconut Grove Elementary
• Carrollton School of the Sacred Heart

Middle Schools

• Ponce de Leon Middle
• Carrollton School of the Sacred Heart

High Schools

• Ransom Everglades
• Coral Gables Senior High

Private Schools

• Ransom Everglades
• Carrollton School of the Sacred Heart
• St. Stephen's Episcopal Day School

Transportation & Accessibility

Transit & Roads

Public Transit

• Miami Metrorail (Coconut Grove Station)
• Metrobus

Major Roads

• US-1 (South Dixie Highway)
• Main Highway
• Bayshore Drive

Commute & Walkability

Commute Times10–20 minutes to Downtown Miami; 20–30 minutes to Miami International Airport.

WalkabilityExcellent in Center Grove; moderate in residential subareas.

ParkingStreet and driveway parking; some congestion near commercial areas.

Marketing Intelligence

Target Buyer Types

High-net-worth individuals
Relocating families
International buyers
Remote workers

Key Selling Points

Walkability and village lifestyle
Top schools
Lush, historic ambiance
Bayfront access and parks

Pricing Considerations

Premium for updated, elevated, and well-located homes; price competitively if not recently renovated.

Common Objections & Response Strategies

Objection: High price compared to other Miami neighborhoods

Response Strategy:

Emphasize long-term value, top schools, walkability, and lifestyle advantages unique to Coconut Grove.

Objection: Flood risk in some areas

Response Strategy:

Highlight elevated lots, recent flood mitigation, and availability of flood insurance.

Objection: Limited inventory and competition

Response Strategy:

Advise buyers to be pre-approved and ready to act quickly; consider off-market opportunities.

Investment Insights

Investment Potential

Appreciation Potential

Strong long-term; short-term price stabilization in 2025 but premium for updated/luxury homes[1][2][3][4].

Rental Demand

High, especially for luxury condos and single-family homes near schools and parks.

Buyer Competition

Intense for move-in-ready, updated, and well-located homes. Multiple offers common in premium segments[1].

Best For

End-users seeking lifestyle
Long-term investors
Families relocating for schools
Luxury buyers

Potential Concerns

Flood risk in some areas
High entry price
Limited inventory for entry-level buyers

Professional Recommendations

Focus on hyperlocal expertise—know the Grove block by block.

Leverage professional staging and high-end marketing assets.

Highlight school zones, walkability, and unique property features.

Prepare buyers for competition and the need for quick decisions.

Network with local agents for off-market and pre-listing opportunities.

Competitive Analysis

Comparable Markets

Coral Gables
Miami Beach
Key Biscayne

Market Positioning

Premium, lifestyle-driven, family-friendly, and historic luxury market.

Competitive Advantages

Lowest luxury inventory in Miami
Historic charm and lush environment
Top schools and walkability

Price Comparison

Higher than most Miami neighborhoods except Miami Beach and Key Biscayne; similar to Coral Gables luxury segment.

Investment Metrics

2.5%–3.5% for luxury rentals; higher for smaller multifamily or older homes.

Cap Rates

3%–4% gross for single-family; 4%–5% for condos depending on location and amenities.

Rental Yields

High (reflecting premium ownership demand and limited rental supply).

Price-to-Rent

Modest for luxury homes; stronger for condos and smaller properties.

Cash Flow

Stable to moderate growth over next 3–5 years, with premium for updated and unique properties.

Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to high entry prices; best suited for well-capitalized buyers or those seeking condos/townhomes.

Move-Up Buyers

Ideal for families seeking more space, top schools, and lifestyle amenities.

Downsizers

Attractive for affluent downsizers seeking walkability and low-maintenance luxury condos.

Investors

Strong long-term appreciation, high rental demand, but lower cap rates than emerging neighborhoods.

Relocators

Highly desirable for families and professionals relocating to Miami for schools, safety, and lifestyle.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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