Coconut Grove Pre-Construction Condos 2026

Coconut Grove is Miami's oldest neighborhood and its most quietly confident. Where Brickell competes on altitude and South Beach on scene, the Grove wins on something rarer: a banyan-shaded village rhythm, direct Biscayne Bay frontage, and a school-and-sailboat family culture that has attracted Miami's old money and its newest transplants in equal measure. Pre-construction here is boutique by design — most projects count between 14 and 200 residences — priced from roughly $1.5M to well over $20M at the penthouse tier.

New-Construction Developments & Pricing

Four Seasons Private Residences Coconut Grove — the neighborhood's long-awaited hospitality flag: 70 residences in a 20-story tower, co-developed by CMC Group and Fort Partners, delivery targeted 2028. Published asks start around $5.6M for two-bedrooms and reach $17M — the Grove's highest per-square-foot pricing.
THE WELL Coconut Grove — wellness-branded living across 194 residences, Terra developing, delivery targeted Q1 2028, with a full spa-and-longevity program as the amenity core. Broker-reported pricing starts around $900K for one-bedrooms and $1.5M for two-bedrooms — confirm current releases with the sales team.
The Lincoln Coconut Grove — active inventory from $1.52M in a boutique village setting.
Arbor Coconut Grove — delivered in 2026: 45 bespoke eco-minded residences now in close-out, with remaining units listed from approximately $1.87M.
Opus Coconut Grove — just 14 residences in a five-story boutique building from $2.5M, by META Development with Kobi Karp architecture.
Bayshore Park (site assembled) — BH Group and Mast Capital acquired 100% of a 1960s-era bayfront condo and plan a 35-unit luxury replacement, with completion reported for 2029. The Grove's next marquee address.
Vita at Grove Isle — the island's ultra-luxury capstone: 65 residences, essentially sold through, with final units priced from $6.5M and penthouses above $20M.

Who Buys in Coconut Grove?

The Grove buyer is the most domestic of Miami's luxury profiles: executive families relocating with school-age children (Ransom Everglades, Carrollton, St. Stephen's); professional empty-nesters trading suburban scale for walkable village life; old Miami money upgrading from historic homes into lock-and-leave condos; and a growing wave of finance and tech transplants who tried Brickell for a year and chose trees over towers. International buyers — particularly Brazilians and Europeans — are discovering the Grove as a lower-key alternative to the beach.

The Investment Angle

Coconut Grove's pre-construction market is anchored by scarcity of product, not scarcity of demand. With only a handful of active projects and boutique-pipeline pricing at $1,000–$1,350/SF against a lifestyle most buyers rank above Brickell, the Grove absorbs steadily and resells thinly — which protects values. The branded catalysts matter: Four Seasons arriving in 2028 re-rates the entire submarket the way the Surf Club re-rated Surfside. Early buyers in THE WELL and Four Seasons are positioned for that re-rating, while the Grove's thin resale inventory protects exit pricing. For buyers comparing new Brickell product priced meaningfully above the Grove's roughly $1,200/SF boutique pipeline, the spread is the argument.

EB-5 & International Buyers

For international families, Coconut Grove answers a question other neighborhoods cannot: where do we live once the visa is approved and school starts? The submarket's family infrastructure — top-ranked private schools, parks, sailing clubs, and a 15-minute commute to Brickell or the airport — makes it the natural landing zone for EB-5 families planning a genuine relocation rather than a portfolio entry. Note that the $800K targeted-employment-area figure is the minimum EB-5 investment made separately into a qualifying job-creating enterprise — a residence purchase is not itself an EB-5 investment — so the visa filing and the home purchase run on parallel tracks. Sean Paul Donnarumma coordinates the acquisition alongside the family's qualified immigration counsel, school placement research, and private banking introductions.

A Day in the Grove

The Grove's appeal is tactile: morning coffee under the banyans on Main Highway, an afternoon at the Kampong's botanical gardens, sails out of Dinner Key Marina, and evenings in the village's independent restaurants — all fifteen minutes from Brickell or the airport. The neighborhood hosts Miami's oldest continuous arts tradition, with the Coconut Grove Arts Festival running for more than six decades, and its most loyal residential base. Buyers who come for the trees and the bay tend to stay for the community; the Grove consistently posts the lowest seller-turnover rate among Miami's luxury submarkets.

Questions Buyers Ask

Is Coconut Grove walkable?

Yes — more than any Miami neighborhood except South Beach. The village center around Main Highway and Grand Avenue carries independent restaurants, boutiques, and the iconic Cocowalk, all under a continuous tree canopy.

Why is there less pre-construction inventory in the Grove?

Zoning and culture. The neighborhood enforces lower density and smaller floor plates, and developers have learned that the Grove rewards boutique scale. Less supply is precisely what protects values.

Can I rent my Coconut Grove condo short-term?

Generally no — most buildings require 6–12 month minimum leases. Verify condo documents before assuming any flexibility.

How do Grove prices compare to Brickell?

Entry pre-construction runs roughly 20–30% below comparable Brickell product per square foot, while Four Seasons-tier branded product meets or exceeds it. You trade altitude for acreage, density for canopy.

When do the active projects deliver?

Arbor delivered in 2026; Opus is under construction with delivery targeted 2027; Four Seasons and THE WELL target 2028; the Bayshore Park redevelopment is reported for 2029.

Request the Coconut Grove pricing sheet with floor plans and delivery timelines.

Coconut Grove Pre-Construction Condos: Luxury Under the Tree Canopy