1 / 58ACTIVE$21,300,000
4 beds | 6 baths | 7,027 sqft
5 Grove Isle Dr PH-L05, Coconut Grove, FL 33133
LISTED BY Douglas Elliman↗
COCONUT GROVE · LUXURY CONDOS
Luxury Condos in Coconut Grove
Coconut Grove luxury condos: buildings, prices, dues and new construction.
- 5.071 Google reviews ↗LIVE
- 13 yearsin the Miami market
- CompassREALTOR®
Quick Answer
Luxury condos in Coconut Grove are condominiums that sell at $2 million or more, east of US-1 in the City of Miami. In the twelve months to September 30, 2026, 62 closed at that level (MLS closed sales). Their median was $3,563,500 (MLS closed sales, same window). Their median price per square foot was $1,677 (MLS closed sales, same window). Seventeen buildings hold two or more such sales since 2022 (MLS closed sales). Julian Acosta, of Compass, works with buyers and sellers in Coconut Grove.
What this is for
What this is for
Use the twelve-month median, $3,563,500 or $1,677 per square foot by MLS closed sales, to size the top of the Grove's condo market before you compare a building.
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Julian Acosta, Compass. “Quick Answer.” Luxury Condos in Coconut Grove: Buildings and Prices. Source: MIAMI REALTORS® MLS closed sales, Coconut Grove east of US-1, read October 30, 2026. https://julianacostarealtor.com/en/coconut-grove/condos#quick-answer
Coconut Grove Luxury Condos for Sale
On the market from $2,000,000, the highest price first.
LIVE · MLS · AS OF OCT 31, 20269 OF 66 FROM $2M SHOWN
1 / 58ACTIVE
1 / 41ACTIVE$20,900,000
5 beds | 8 baths | 7,061 sqft
2627 S Bayshore Dr #3201, Miami, FL 33133
LISTED BY One Sotheby's International Realty↗
1 / 83ACTIVE$13,950,000
6 beds | 7 baths | 4,833 sqft
2655 S Bayshore Dr #1801-02, Miami, FL 33133
LISTED BY Compass Florida, LLC↗
1 / 21ACTIVE$12,900,000
3 beds | 4 baths | 4,935 sqft
3400 SW 27th Ave #2202, Miami, FL 33133
LISTED BY Fortune Christie's Intl R.E.↗
1 / 23ACTIVE$11,500,000
3 beds | 4 baths | 4,933 sqft
2675 S Bayshore Dr #1601S, Coconut Grove, FL 33133
LISTED BY Coldwell Banker Realty↗
1 / 29ACTIVE$10,000,000
4 beds | 5 baths | 3,798 sqft
5 Grove Isle Dr #M301, Coconut Grove, FL 33133
LISTED BY Compass Florida, LLC↗
1 / 64ACTIVE$9,295,000
5 beds | 5 baths | 4,200 sqft
2678 Tigertail Ave #1101, Miami, FL 33133
LISTED BY Douglas Elliman↗
1 / 34ACTIVE$8,950,000
5 beds | 6 baths | 4,206 sqft
2669 S Bayshore Dr #903N, Miami, FL 33133
LISTED BY Compass Florida, LLC↗
1 / 20ACTIVE$8,940,000
4 beds | 5 baths | 4,117 sqft
5 Grove Isle Dr. #S503, Miami, FL 33133
LISTED BY Compass Florida, LLC↗
DOCUMENTED · MLS CLOSED SALES
The Coconut Grove luxury condo market, at a glance.
Closed sales are the MIAMI REALTORS® MLS's in Coconut Grove east of US-1. Dues are the MLS's association fee set to a month. A dash is a value the feed has not supplied, never a zero.
Coconut Grove · luxury condos
◆ MLS closed sales to September 30, 2026 · documented
Luxury Condo Sales
62
at $2M+ · twelve months to September 30, 2026
Median Sale Price
$3,563,500
the same sales
Median Price per Sq.Ft
$1,677
the same sales
Median Monthly Dues
$4,332
the same sales, 60 of 62 stating a fee
What this is for
What this is for
Use the condominium sales at $2 million and up, by MLS closed sales, to see the size of the top of the Grove's market; the sections below name its buildings.
Share or cite
Julian Acosta, Compass. “The Coconut Grove luxury condo market, at a glance.” Luxury Condos in Coconut Grove: Buildings and Prices. Source: MIAMI REALTORS® MLS closed sales, Coconut Grove east of US-1, read October 30, 2026. https://julianacostarealtor.com/en/coconut-grove/condos#condos-glance
Coconut Grove Luxury Condo Prices in Brief
You are shopping in about a third of the Grove's condo market: 62 of the 182 condominiums that closed in the twelve months to September 30, 2026 sold at $2 million or more, at a median of $3,563,500, or $1,677 per square foot. All 182 closed at a median of $1,471,095, or $984 (MLS closed sales). These are the market's sales, not Julian Acosta's own.
For the neighborhood as a whole, read the Coconut Grove guide. For houses on the bay, see Coconut Grove waterfront homes, and for the numbers by quarter, the Coconut Grove market report.
What this is for
What this is for
Use the twelve-month median at $2 million and up, $1,677 per square foot to September 30, 2026 by MLS closed sales, to place a building against the top of the market.
Share or cite
Julian Acosta, Compass. “Coconut Grove Luxury Condo Prices in Brief.” Luxury Condos in Coconut Grove: Buildings and Prices. Source: MIAMI REALTORS® MLS closed sales, Coconut Grove east of US-1, read October 30, 2026. https://julianacostarealtor.com/en/coconut-grove/condos#condo-market
How have Coconut Grove luxury condo prices changed?
Coconut Grove condos at $2M+, by year · MLS closed sales
AS OF September 30, 2026
Median price
Condos at $2M+
2026: January to September 30, 2026
See every figure
| Year | Sales at $2M+ | Median price | Median $/Sq.Ft |
|---|---|---|---|
| 2021 | 55 | $3,380,000 | $1,117 |
| 2022 | 44 | $2,930,000 | $1,203 |
| 2023 | 46 | $3,987,500 | $1,506 |
| 2024 | 42 | $2,500,000 | $1,357 |
| 2025 | 44 | $3,546,000 | $1,618 |
| 2026: January to September 30, 2026 | 51 | $3,500,000 | $1,668 |
MLS closed sales (Compass, first-party)
What this is for
What this is for
Use the yearly medians at $2 million and up, by MLS closed sales, to see how the top of the market has moved; each year holds forty to fifty-five sales.
Share or cite
Julian Acosta, Compass. “How have Coconut Grove luxury condo prices changed?” Luxury Condos in Coconut Grove: Buildings and Prices. Source: MIAMI REALTORS® MLS closed sales, Coconut Grove east of US-1, read October 30, 2026. https://julianacostarealtor.com/en/coconut-grove/condos#by-year
COCONUT GROVE · LUXURY CONDO BUILDINGS
Luxury Condo Buildings in Coconut Grove
The highest condominium prices in Coconut Grove are on South Bayshore Drive and at the shore.
From 2022 to September 30, 2026, 227 condominiums closed at $2 million or more in the Grove, at a median of $1,471 per square foot (MLS closed sales).
| Condominium, as declared | Address | On the shore | Sales at $2M+ | Median $/Sq.Ft | |
|---|---|---|---|---|---|
| Grovenor House | 2627 S Bayshore Dr | — | 37 | $1,424 | See Grovenor House → |
| The Grove at Grand Bay | 2675 S Bayshore Dr | — | 28 | $1,790 | See The Grove at Grand Bay → |
| Two Park Grove | 2821 S Bayshore Dr | — | 25 | $1,817 | See Two Park Grove → |
| Grove Isle | 1 Grove Isle Dr | Shore | 24 | $875 | See Grove Isle → |
| One Park Grove | 2811 S Bayshore Dr | — | 16 | $2,480 | See One Park Grove → |
| The Executive Residences | 3350 SW 27th Ave | — | 14 | $1,047 | See The Executive Residences → |
| Club Residences at Park Grove | 2831 S Bayshore Dr | — | 13 | $1,717 | See Club Residences at Park Grove → |
| The Tower Residences | 3400 SW 27th Ave | — | 12 | $1,386 | See The Tower Residences → |
| The Fairchild | 3581 E Glencoe St | Shore | 10 | $1,660 | See The Fairchild → |
| 2655 South Bayshore Drive | 2655 S Bayshore Dr | — | 9 | $2,127 | See 2655 South Bayshore Drive → |
| Residences at Vizcaya | 3535 Hiawatha Ave | Shore | 6 | $1,131 | See Residences at Vizcaya → |
| 2678 Tigertail | 2678 Tigertail Ave | — | 5 | $1,640 | See 2678 Tigertail → |
| Yacht Harbour | 2901 S Bayshore Dr | — | 5 | $1,061 | See Yacht Harbour → |
| Grove Hill Tower | 2645 S Bayshore Dr | — | 4 | — | See Grove Hill Tower → |
| Abitare | 3165 Via Abitare Way | Shore | 3 | — | See Abitare → |
| Beacon Harbour | 1660 W Glencoe St | Shore | 3 | — | See Beacon Harbour → |
| Cloisters on the Bay | 3471 Main Hwy | Shore | 2 | — | See Cloisters on the Bay → |
Show 14 more
◆ MLS closed sales (Compass, first-party)
What this is for
What this is for
These Coconut Grove buildings, by MLS closed sales at $2 million or more since 2022, show where condominium prices reach the top; open a building to see its sales.
Share or cite
Julian Acosta, Compass. “Luxury Condo Buildings in Coconut Grove.” Luxury Condos in Coconut Grove: Buildings and Prices. Source: MIAMI REALTORS® MLS closed sales, Coconut Grove east of US-1, read October 30, 2026. https://julianacostarealtor.com/en/coconut-grove/condos#luxury-condos
Which Coconut Grove condos are on the bay?
You will see "bayfront" on most South Bayshore Drive listings, but those towers stand across the drive from the bay. By Miami-Dade County's record, the Grove's condominiums on the water are at the shoreline, not on the drive: at the luxury bar, Grove Isle, The Fairchild, Residences at Vizcaya, Abitare, Beacon Harbour and Cloisters on the Bay.
The water does not set the top price here. From 2022 to September 30, 2026, condos at the shoreline sold at a median of $970 per square foot at $2 million and up, from 48 sales, and the others at $1,585, from 179 (MLS closed sales joined to the County's parcels). Grove Isle, built around 1980, is half of the shoreline sales; the new towers set the price.
Coconut Grove waterfront homes →
What this is for
What this is for
Use the County's parcels, which place 6 luxury Grove condominiums at the shoreline, to tell a building on the bay from a building with a bay view.
Share or cite
Julian Acosta, Compass. “Which Coconut Grove condos are on the bay?” Luxury Condos in Coconut Grove: Buildings and Prices. Sources: MIAMI REALTORS® MLS closed sales, Coconut Grove east of US-1, read October 30, 2026; Miami-Dade County Property Appraiser and water layer, read October 30, 2026. https://julianacostarealtor.com/en/coconut-grove/condos#condos-on-the-bay
What do condos cost to own in Coconut Grove?
Your dues depend on the building. Across every Coconut Grove condominium sale of the twelve months to September 30, 2026, the median association fee was $2,514 a month, on the 173 sales that stated one of 182; the middle half paid $1,005 to $3,771, a wide spread that runs from older buildings to new towers on the bay. In the twelve months before, the median was $1,824, on 156 sales (MLS closed sales, fees set to a month, as of October 20, 2026).
At $2 million and up, the median fee in the same twelve months was $4,332 a month, on 60 of 62 sales; the middle half paid $3,722 to $6,655 (MLS closed sales, fees set to a month).
The other lines of the budget
Flood zone
2 in zone VE
Of the 17 buildings read on FEMA's map in 2026, 12 stand in zone X, 3 in zone AE and 2 in zone VE, the coastal high-hazard zone (Grove Isle and Cloisters on the Bay). The median base flood elevation of the five in AE or VE is 13 feet. The zone is the map's, not a statement of a unit's risk or premium.
Property tax
19.9878 mills
A Coconut Grove condominium pays the City of Miami's millage, in the Property Appraiser's 2025 adopted table.
◆ FEMA flood map · Miami-Dade Property Appraiser
What this is for
What this is for
Add the association dues, a median of $2,514 a month in the twelve months to September 30, 2026 by MLS closed sales, to the City of Miami's property tax and your insurance to budget a Grove condominium; confirm a building's dues and reserves before an offer.
Share or cite
Julian Acosta, Compass. “What do condos cost to own in Coconut Grove?” Luxury Condos in Coconut Grove: Buildings and Prices. Sources: MIAMI REALTORS® MLS closed sales, Coconut Grove east of US-1, read October 30, 2026; FEMA National Flood Hazard Layer, read October 30, 2026; Miami-Dade County Property Appraiser, 2025 adopted millage table, read October 30, 2026. https://julianacostarealtor.com/en/coconut-grove/condos#hoa-cost
How old are Coconut Grove luxury condo buildings?
4 of the 17 luxury Grove buildings are dated 1996 or earlier, the age at which the milestone inspection falls due by 2026 (Yacht Harbour, Abitare, Grove Isle and Grove Hill Tower). Florida law requires a condominium building of three habitable stories or more to have that inspection by December 31 of the year it reaches 30 years, and every 10 years after (Florida Statutes § 553.899, read October 17, 2026). A local agency may require it at 25 years near salt water. The association must also complete a structural integrity reserve study at least every 10 years (Florida Statutes § 718.112). Read the inspection, the reserve study and any special assessment they led to.
What this is for
What this is for
Use each building's year, by the Miami-Dade Property Appraiser's record, to see which of the 17 have reached the age of Florida's milestone inspection; ask for that report and the reserve study before an offer.
Share or cite
Julian Acosta, Compass. “How old are Coconut Grove luxury condo buildings?” Luxury Condos in Coconut Grove: Buildings and Prices. Sources: MIAMI REALTORS® MLS closed sales, Coconut Grove east of US-1, read October 30, 2026; Florida Statutes § 553.899 and § 718.112, read October 17, 2026. https://julianacostarealtor.com/en/coconut-grove/condos#building-age
COCONUT GROVE · NEW CONSTRUCTION
New Construction in Coconut Grove
What new condos are being built in Coconut Grove?
Each new project in Coconut Grove has its own page.
Six new projects have their own pages:
ActiveA 20-story building of 70 residences on South Bayshore Drive, under construction, with completion expected in mid-2028.
StageActive
Four Seasons Private Residences Coconut Grove
From the mid $5 millions
- Inventory
- 70 residences
- Delivery
- 2028
View project→
Active194 residences on Tigertail Avenue built around a wellness program, under construction, with completion expected in late 2028.
StageActive
The Well Coconut Grove
Pricing—
- Inventory
- 194 residences
- Delivery
- 2028
View project→
ActiveAn eight-story building of 48 residences, one to four bedrooms, on Lincoln Avenue, under construction since June 2026.
StageActive
The Lincoln
Pricing—
- Inventory
- 48 residences
- Delivery
- 2028
View project→
ActiveA five-story building of 14 residences on SW 27th Avenue.
StageActive
Opus Coconut Grove
From $2.6M
- Inventory
- 14 residences
View project→
Delivered 2024 · resaleTwo buildings of 230 residences on Tigertail Avenue, delivered in 2024; its residences are resold by their owners.
StageDelivered 2024 · resale
Mr. C Residences Coconut Grove
Pricing—
- Inventory
- 230 residences
View project→
Delivered 2025A seven-story building of 65 residences on Grove Isle, an island in Biscayne Bay, delivered in December 2025.
StageDelivered 2025
Vita at Grove Isle
From $8.5M
- Inventory
- 65 residences
View project→
◆ DEVELOPER MATERIALS · MLS (COMPASS, FIRST-PARTY) · DATA AS OF THE SECOND QUARTER OF 2026
Nº 01 · The price of new construction
Nº 01 · The price of new construction
New construction in Coral Gables outside the gated communities sells at $1,043–$1,363 per square foot, by Julian Acosta's read of the second quarter of 2026.
What this is for
What this is for
Use the page of each of the six projects for its status and its dates; a price published by a developer is not stated here.
Share or cite
Julian Acosta, Compass. “What new condos are being built in Coconut Grove?” Luxury Condos in Coconut Grove: Buildings and Prices. Source: MIAMI REALTORS® MLS closed sales, Coconut Grove east of US-1, read October 30, 2026. https://julianacostarealtor.com/en/coconut-grove/condos#new-construction
Common Questions About Coconut Grove Luxury Condos
What do luxury condos in Coconut Grove sell for? $3,563,500 median, 12 months+
In the twelve months to September 30, 2026, 62 Coconut Grove condominiums closed at $2 million or more, at a median of $3,563,500, or $1,677 per square foot, by MLS closed sales. All 182 condominium sales in that period closed at a median of $1,471,095, or $984 per square foot.
Is South Bayshore Drive in Coconut Grove waterfront?+
The condominium towers of South Bayshore Drive stand across the drive from Biscayne Bay. Eleven of them, checked against Miami-Dade County's shoreline record in 2026, have no parcel within 60 meters of the water. The bay side of the drive holds David T. Kennedy Park, the yacht clubs and the marinas.
Which Coconut Grove condos are directly on the bay?+
Miami-Dade County's record, read in 2026, places Grove Isle, Cloisters on the Bay, The Fairchild, Abitare, Beacon Harbour and Residences at Vizcaya among the luxury condominiums whose land is at the shoreline. A building across a street from the water does not count as waterfront under that record.
What is the newest condominium in Coconut Grove?+
The newest large condominiums in the Miami-Dade Property Appraiser's record in 2026 are 2678 Tigertail, with 134 units, and 2655 South Bayshore Drive, with 95, both dated 2024. A project still in sales does not appear in the County's unit record until its condominium is declared and its units are filed.
What are association fees in Coconut Grove luxury condos? $4,332 median a month+
In the twelve months to September 30, 2026, the median association fee on Coconut Grove condominium sales at $2 million or more was $4,332 a month, on 60 of 62 sales, by MLS closed sales. The middle half paid between $3,722 and $6,655 a month, with fees set to a monthly figure.
Are Coconut Grove luxury condos in a flood zone? 2 in zone VE+
Most are in zone X. Of 17 Coconut Grove luxury condominium buildings read on FEMA's National Flood Hazard Layer in 2026, 12 stand in zone X, 3 in zone AE and 2 in zone VE, the coastal high-hazard zone. Grove Isle and Cloisters on the Bay are the two in VE.
Do Coconut Grove condos need a milestone inspection? 30 years, first inspection+
Florida Statutes § 553.899, read in 2026, requires a condominium building of three habitable stories or more to have a milestone inspection by December 31 of the year it reaches 30 years, and every 10 years after. A local agency may require it at 25 years near salt water.
Why does one Coconut Grove building appear under several names?+
A condominium is declared under one name in Miami-Dade County's record, and a listing may write it another way. The first nine digits of a unit's folio do not change, so they identify the building whichever name a listing uses. Buyers can ask for the folio before comparing two listings.
Talk to Julian Acosta
In the Grove, the first thing I read is which sales truly compare. A tower on South Bayshore Drive and a building at the shore are different purchases, even when both listings say bayfront. Then the dues: at $2 million and up, the middle half of sales paid $3,722 to $6,655 a month, so two similar units can cost very different amounts to own. When I give you a figure, I show you where it came from.
20+
Years Experience
62
The Market's Luxury Condo Sales, 12 Months
COMPARABLE MARKET ANALYSIS · FREE · NO ACCOUNT
What is my home worth?
Enter your address. The page finds your home in the public record and reads the closed sales nearest it.
An estimate by Julian Acosta from MLS closed sales and the Miami-Dade County record; not an appraisal. How it works →
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ABOUT THIS PAGE
Sources and Method
◆ MIAMI REALTORS® MLS CLOSED SALES (COMPASS, FIRST-PARTY)◆ MIAMI-DADE COUNTY PUBLIC RECORDS◆ FEMA NATIONAL FLOOD HAZARD LAYER◆ FLORIDA STATUTES § 553.899
Sales and dues are MIAMI REALTORS® MLS closed sales (first-party) in Coconut Grove east of US-1. Buildings are the Miami-Dade Property Appraiser's unit record, each read by its folio. The shoreline is Miami-Dade County's. The millage is the Property Appraiser's 2025 adopted table. No figure comes from another brokerage.
Compass Coral Gables · 1515 Sunset Dr, Suite 40, Coral Gables, FL 33143 · julian.acosta@compass.com · +1 (786) 473-2565
This Coconut Grove condos page is market information; it is not an appraisal, and not legal, insurance or investment advice.