COCONUT GROVE MARKET UPDATE – Q3 2025
Coconut Grove has evolved into one of Miami’s most stable and strategically positioned real estate markets. The data reflects a transition from rapid expansion to a more balanced and sustainable phase defined by selective demand and disciplined pricing.
Buyers are increasingly analytical — prioritizing long-term value, architectural quality, and location over the speed of purchase. Sellers, in turn, are adapting to a market that rewards precision and patience rather than speculation.
Looking ahead, limited land supply, elevated construction costs, and the enduring appeal of waterfront and low-density living will continue to support price stability. While inventory growth introduces shortterm balance, the Grove’s fundamentals point toward steady appreciation and resilience.
As market experts, we see Coconut Grove not as a market in transition, but as a market in refinement — one that continues to mature while preserving its defining advantage: sustained demand in a finite landscape.
Warm regards,
SINGLE-FAMILY HOME MEDIAN SOLD PRICE IS-UP 58% SINCE 2021
Q3 SINGLE-FAMILY HOME MARKET PERFORMANCE 2021-2025
# HOMES FOR SALES END OF SEPT.
Q3 2025 SINGLE FAMILY-HOME MARKET FACTS
· $14,591,250 was the highest sale. This home is located at 3580 S. Moorings Way, in South Coconut Grove. It was built in 1935, offers 14,193 sq. ft. of living space on a 31,220 sq. ft. lot. $1,028/ sq. ft. was the sold price. The sale was a cash transaction.
· $810,000 was the lowest sale. The home is located at 3794 Florida Ave. It was built in 1993, offers 1,287 sq. ft. of living space on a 4,500 sq. ft. lot. $629/ sq. ft. was the sold price. The sale was a cash transaction.
· 5% is the average discount between asking
and sold price.
$3M TO $10M SALES REPRESENT MORE THAN 1/3 OF ALL THE TRANSACTIONS
WHAT DO ALL PROPERTIES PRICED AT $10 MILLION-AND-ABOVE HAVE IN COMMON?
They typically share one or more of the following features:
• Expansive Lots: The median lot size is approximately 22,000 square feet.
• Waterfront Locations: Many of these properties are situated directly on the water, offering exceptional views and privacy.
• New Construction: Homes often feature over 5,000 square feet of living space, showcasing modern design, premium finishes, and contemporary architecture.
3 months of inventory. Seller's market.
THE RESALE CONDO MARKET MEDIAN SOLD PRICE IS
AT AN ALL-TIME HIGH
New residential projects such as Arbor, Mr. C, and Vita are entering the market, increasing the total number of units available for sale.
Q3 2025 RESALE CONDO MARKET FACTS
• $9,900,000 was the highest sale. The condo is located in “Park Grove” at 2821S. Bayshore Dr. Built in 2018, it offers 4 bedrooms, 4.5 bathrooms, and 3,233 sq. ft. of living space. $2,134 was the sold price per sq. ft. The sale was a financed transaction.
• $278,000 was the lowest sale. The unit is situated at 3245 Virginia St. Built in1966; the property is a 1-bedroom unit with 514 sq. ft. of living space. The sale was a financed transaction.
• Berkshire Hathaway HomeServices EWM Realty Top Producers
• Multi-award-winning real estate agents since 2012
• Coconut Grove & Coral Gables real estate experts
• Speak English, Spanish, French, and Italian
