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Coconut Grove

Why you'd want to live in Coconut Grove

Several waves of immigration established Coconut Grove, the first in 1825, when the Cape Florida lighthouse went into operation and was manned by John Dubose. Dr. Horace P. Porter is credited for coming up with the name when in 1873 he rented a home from Edmond D. Beasley’s widow, who homesteaded 160 acres of bay front property. He lived there for only a year but during that time he established a post office which he named Coconut Grove. Around the same time the area saw an influx of Americans from the Northeastern US, as well as British and white Bahamian immigrants. The first hotel on the South Florida mainland was located in Coconut Grove. Called the Bay View Inn (later known as the Peacock Inn), it was built in 1882, on the site of present-day Peacock Park, by English immigrants Isabella and Charles Peacock, who had been the owner of a wholesale meat business in London. Coconut Grove's first black settlement, in the 1880s, was established by Bahamian laborers who worked at the Peacock Inn.The Barnacle Historic State Park is the oldest house in Miami-Dade County still standing in its original location. It was built in 1891 and was home to Ralph Middleton Munroe, also known as "The Commodore" for being the first commodore and founder of the Biscayne Bay Yacht Club, an American yacht designer and early resident of Coconut Grove. Formerly an independent city, Coconut Grove was annexed by the city of Miami in 1925.[In the 1960s, bay-shore Coconut Grove served as the center of South Florida's youth countercultural movement, notably hosting several love-ins and concerts (including a now-infamous Doors concert at Dinner Key Auditorium) during the latter part of the decade. via Wikipedia

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Coconut Grove Market Report

$2,095,769

AVERAGE PRICE OF 70 HOMES

$250,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,736,163

AVERAGE PRICE OF 48 MULTI-MILLION DOLLAR HOMES

$3,160,000

AVERAGE PRICE OF 8 NEWLY BUILT HOMES

$2,723,994

AVERAGE PRICE OF 28 HOMES WITH A POOL

$1,390,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $2,095,769
Avg Bedrooms 2.84 beds
Avg Bathrooms 3.06 baths

Average Price by Bedrooms

1 bedroom $508,000
2 bedrooms $1,013,333
3 bedrooms $1,451,333
4 bedrooms $2,985,214
5 bedrooms $4,164,764
Coconut Grove Home Price Trends
  5/2021 4/2021 3/2021 2/2021 1/2021
Total Listings 73 76 78 n/a 94
Average Price $2,188,988 $2,081,656 $1,929,001 n/a $2,042,443
Avg Price Change +5.16% +7.91% n/a n/a -2.49%
Median Price $1,486,479 $1,394,683 $1,295,707 n/a $1,350,414
Med Price Change +6.58% +7.64% n/a n/a -7.02%
Avg Bedrooms 2.8 beds 2.83 beds 2.93 beds n/a 3.09 beds
Avg Bathrooms 3.17 baths 3.26 baths 3.32 baths n/a 3.42 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Coral Gables 22 $1,715,219 87 days
Coral Glades High 1 $1,200,000 41 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 70 $2,095,769 127 days
Distressed Homes 1 $250,000 67 days
Multi-Million Dollar Homes 48 $2,736,163 132 days
Newly Built Homes 8 $3,160,000 236 days
Homes with a Pool 28 $2,723,994 85 days
Reduced Price Homes 1 $1,390,000 92 days
Julie's Realty LLC
1700 79th Street Causeway, Suite 160
North Bay Village, FL 33141
305-751-6400

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© 2021 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.6/21/2021 5:00 AM CST
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