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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

    $1,829,815

    AVERAGE PRICE OF 173 HOMES

    $699,000

    AVERAGE PRICE OF 1 DISTRESSED HOMES

    $2,873,968

    AVERAGE PRICE OF 92 MULTI-MILLION DOLLAR HOMES

    $2,678,026

    AVERAGE PRICE OF 52 NEWLY BUILT HOMES

    $1,844,289

    AVERAGE PRICE OF 41 HOMES WITH A POOL

    $1,793,495

    AVERAGE PRICE OF 68 REDUCED PRICE HOMES

    Average Home

    Average Price $1,829,815
    Avg Bedrooms 3 beds
    Avg Bathrooms 3.77 baths

    Average Price by Bedrooms

    1 bedroom $393,913
    2 bedrooms $992,741
    3 bedrooms $1,479,784
    4 bedrooms $2,198,297
    5 bedrooms $3,499,537
    Coconut Grove Home Price Trends
      12/2017 11/2017 10/2017 9/2017 8/2017
    Total Listings 181 181 176 191 177
    Average Price $1,898,851 $1,952,355 $1,874,721 $1,875,245 $2,005,558
    Avg Price Change -2.82% +4.14% -0.03% -6.95% -6.87%
    Median Price $1,275,007 $1,259,808 $1,108,710 $1,164,229 $1,262,813
    Med Price Change +1.21% +13.63% -5.01% -8.47% -3.70%
    Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
    Avg Bathrooms 3.82 baths 3.82 baths 3.77 baths 3.89 baths 3.95 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Coral Gables 35 $1,961,743 n/a
    Coral Glades High 4 $762,500 n/a
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 173 $1,829,815 n/a
    Distressed Homes 1 $699,000 n/a
    Multi-Million Dollar Homes 92 $2,873,968 n/a
    Newly Built Homes 52 $2,678,026 n/a
    Homes with a Pool 41 $1,844,289 n/a
    Reduced Price Homes 68 $1,793,495 n/a

    School Data

    Highly Rated Coconut Grove Schools

    8

    COCONUT GROVE ELEMENTARY SCHOOL
    Elementary School
    Public