Why Miami’s Coconut Grove Neighborhood Has Become a Real Estate Hotspot

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Why Miami’s Coconut Grove Neighborhood Has Become a Real Estate Hotspot
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Once bohemian and artsy, the leafy bayside enclave of Miami’s Coconut Grove has gone decidedly upscale. In 2022, the suburb was home to Miami’s priciest residential real estate transaction when ent…

the leafy bayside enclave of Miami’s Coconut Grove has gone decidedly upscale. In 2022, the suburb was home to Miami’s priciest residential real estate transaction when entrepreneur and Citadel CEO Ken Griffin paid $106 million for two mansions on a combined lot with expansive bayfront frontage and unobstructed views. Jill Hertzberg of the Jills Zeder Group at Coldwell Banker Realty, who represented Griffin, describes the 4-acre estate as akin to a Picasso and “priceless.

“People feel a sense of place and community here. It’s a neighborhood where people can plant a flag,” Martin says, noting the appeal to families. “You can have the most incredible standard of living in the Grove, plus the real estate value’s always going up — it’s an extraordinary place,” Hertzberg says.

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