Learn more about Coconut Grove
Coconut Grove may be Miami’s oldest neighborhood, but this five and a half square mile section of the Magic City is experiencing a renaissance of sorts as the old gives way to the new, revitalized in both look and spirit. The shops, plazas, restaurants, coffee shops and office buildings cater to every want or need, and development is thoughtfully planned as an urban work-and-live village with unmistakable local feel. Blending the old with the new, the historic architecture, large oak trees, bricks of coral and limestone, and many parks retain the charm and peacefulness that calls to mind Coconut Grove’s vibrant history.
Excellent home values remain consistent in Coconut Grove with owners and renters split nearly evenly. Gated communities, waterfront homes, condos and townhomes are all popular property types here. Excellent schools, low crime and central location have made Coconut Grove one of the best places in Miami to raise a family. In fact, Coconut Grove has been recognized as the number two best neighborhood in which to live in Miami.
In the gorgeous area of Coconut Grove resides 21,381 people where 49% are homeowners. With an average age of 43, the residents of Coconut Grove are well established, with many growing families of all ages. Over the recent months roughly 234 homes have been sold with an average sold price of $1,559,872. That is a decrease of $5,325 from the previous period.
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