Coconut Grove
About Coconut Grove
Pros & Cons
Top 3 Things To Do
Median Price
The Location
Day & Nightlife
Walk Score
Comparable Neighborhoods
Demographics
About Coconut Grove
Where Bohemian Vibes Meet Lush Greenery.
Description of the Neighborhood:
Coconut Grove, often referred to as “The Grove,” is a tropical haven characterized by tree-lined streets, historic architecture, and a diverse community.
This waterfront neighborhood boasts a bohemian flair, offering a mix of upscale boutiques, artistic venues, and outdoor spaces.
Pros & Cons
PROS:
Bohemian Atmosphere:
Coconut Grove’s bohemian vibes are evident in its artistic scene, eclectic boutiques, and cultural events.
Green Spaces: The neighborhood is rich in greenery, with parks like Peacock Park providing a peaceful escape and hosting community events.
Waterfront Living:
Residents can enjoy the bayfront lifestyle, with some properties offering stunning views and direct access to the water.
CONS:
Traffic Congestion:
Like many popular neighborhoods, Coconut Grove can experience traffic congestion, particularly during events and peak hours.
Varied Housing Costs:
While there are diverse housing options, waterfront and historic properties can command higher prices.
Top 3 Things To Do
Top 3 Things to Do in the area:
CocoWalk:
Explore CocoWalk, a popular outdoor mall featuring shops, restaurants, and entertainment venues.
Vizcaya Museum and Gardens:
Immerse yourself in the historic grandeur of Vizcaya, a Renaissance-style villa surrounded by lush gardens.
Outdoor Dining at The Barnacle:
Enjoy waterfront dining at The Barnacle Historic State Park, offering a scenic spot for picnics and events.
Best Time of the Year to Visit:
The best time to visit Coconut Grove is during the winter months, from December to April, when the weather is pleasant for outdoor activities.
The neighborhood’s numerous festivals and cultural events make this period especially vibrant and engaging.
Median Price
Median Residential Rent:
Residential rentals in Coconut Grove range from $2,000 to $5,000 per month, catering to a diverse population seeking a combination of urban amenities and a relaxed lifestyle.
Median Residential Sale:
The median residential sale price in Coconut Grove varies, with a broad spectrum from $600,000 to over $2 million. The real estate landscape comprises a mix of historic homes, modern condos, and waterfront properties.
Median Commercial Rent:
Commercial rental rates in Coconut Grove vary based on location and size, with median prices ranging from $30 to $50 per square foot. The neighborhood’s artistic and cultural atmosphere attracts businesses seeking a unique setting.
Median Commercial Sale:
Commercial properties in Coconut Grove have a median sale price that typically ranges from $500 to $800 per square foot, reflecting the area’s desirability for businesses.
Data as of 12/2023 researched by RealFeed Research Department.
The Location
Day & Nightlife
What’s Happening?
Coconut Grove’s daytime scene invites exploration of its artistic and historic sites, while the evenings come alive with a lively nightlife.
From trendy bars and waterfront restaurants to cultural events and live performances, Coconut Grove offers diverse entertainment options for residents and visitors alike.
Walk Score
Very walkable neighborhood. Lots to see.
3166 Hibiscus Street
Very Walkable
Comparable Neighborhoods
Comparable areas are;
Coral Gables:
Sharing a focus on historic charm, Coral Gables is known for its Mediterranean-style architecture and upscale living.
Similar Areas
Demographics
Coral Gables:
Sharing a focus on historic charm, Coral Gables is known for its Mediterranean-style architecture and upscale living.
The neighborhood’s appeal lies in its residential charm and proximity to both the beach and city amenities.