Why Live in Northeast Coconut Grove
Northeast Coconut Grove, a lush neighborhood in Coconut Grove, is known for its verdant canopy of palm, oak, and banyan trees, making it one of the greenest areas in the region. This historic neighborhood, dating back to 1825, features a mix of renovated Mediterranean-style homes from the 1920s and sleek, contemporary houses and condos. The area is constantly evolving, with some older homes being replaced by new mega-mansions. Residents enjoy a variety of things to do, including dining and shopping along Grand Avenue and Dixie Highway, home to the renovated CocoWalk outdoor mall. Popular eateries like Narbona and The Original Daily Bread Marketplace offer diverse culinary options. The neighborhood hosts numerous annual events, such as the Coconut Grove Arts Festival, which features art, food, and live music. Parks are abundant, with Alice Wainwright Park and David T. Kennedy Park providing playgrounds, fitness equipment, and dog parks. Northeast Coconut Grove is safer than the national average and benefits from higher elevation, reducing flood risks. The area is well-served by public transportation, including a Metrorail stop and multiple Metrobus stops, offering quick access to Downtown Miami, just 5 miles away. The neighborhood's schools are highly rated, with Coconut Grove Elementary and Coral Gables Senior High providing quality education.
Home Trends in Northeast Coconut Grove, FL
On average, homes in Northeast Coconut Grove, Coconut Grove sell after 104 days on the market compared to the national average of 51 days. The median sale price for homes in Northeast Coconut Grove, Coconut Grove over the last 12 months is $1,450,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$1,450,000
Median Single Family Sale Price
$2,008,500
Median Townhouse Sale Price
$1,562,500
Median 2 Bedroom Sale Price
$1,440,000
Median 1 Bedroom Sale Price
$477,500
Average Price Per Sq Ft
$1,056
Number of Homes for Sale
242
Last 12 months Home Sales
350
Median List Price
$1,700,000
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
4%