Ritz-Carlton Coconut Grove

Get to Know All of Miami’s Best Neighborhoods

Moving to Miami? Wondering what the best neighborhoods in Miami to live in might be? You’ll want to read this! Life in Miami, and all of South Florida, is colorful! From our beaches to nightlife, art to diverse cultural activities, multidimensional cuisines to shopping options, Art Deco to dramatic high-rises – everything adds up to create a vibrant global city. Top that with a welcoming attitude towards different cultures, businesses, investors, plus tax-friendly policies, and it’s no wonder the world wants to move to Miami. Just like there’s no one-size-fits-all in life, every neighborhood in Miami carries its own distinctive flavor and vibe. There’s something for everyone here, and more importantly, a neighborhood that would feel like home for every kind of individual, whether you want laid back and beach front, historic buildings, lush parks, or an eclectic mix of everything. Regardless of whether you’re planning to move to Miami or within one of the sub neighborhoods in the city, picking the right neighborhood can be a tough choice. To make life easier, we’ve put together this quick guide to help you zoom into the best neighborhoods in Miami that would make the right choice for you (and your loved ones). --- ## MIAMI'S BEST NEIGHBORHOODS AT A GLANCE --- **MIAMI NEIGHBORHOODS - MAINLAND MIAMI** * Brickell * Brickell Key * Downtown Miami * Edgewater * Midtown & Design District * Wynwood * Upper East Side / MiMo * Coconut Grove * Coral Gables **MIAMI NEIGHBORHOODS - THE MIAMI BEACHES** * South Beach * SoFi or South of Fifth * Sunset Harbor, Belle Isle & Venetian Islands * Mid Beach * North Beach * Surfside and Bal Harbor * Sunny Isles Beach * Key Biscayne * Fisher Island --- ## **Mainland Miami's Best Neighborhoods** --- ### Brickell **What you’ll love: Fast-paced urban lifestyle, close to work, plenty of trendy restaurants, high-end shopping at the Brickell City Centre and Mary Brickell Village.** This is the “Manhattan of the South” and the city's central business district. Miami’s metropolis with a big city vibe and full of luxury high rises, all with diverse cultures intermingling. You’ll love living in Brickell, if you seek absolute city life in a high-density urban area with lots of restaurants, bars, entertainment, and public transportation options within walking distance. Basically, the best Miami-area neighborhood for live-work-play and going car-free. Mostly home to the business-savvy and young professionals, Brickell is a great pick for those who enjoy a fast-paced lifestyle with great neighborhood parks, some of Miami's best restaurants, and urban conveniences available within walking distance. And it's super close to Key Biscayne if you want to escape to the beach or Coconut Grove. ### Brickell Key **What you’ll love: Island living, water views in every direction, scenic promenade outlining island, close to work and entertainment** Right after Brickell, its island neighbor deserves a mention. Connected to the heart of mainland Brickell via a walkable bridge called Brickell Key Drive, you’ll enjoy private island living while being minutes from everything in the popular business district next door. One of the few gated communities in the area, Brickell Key is a little island paradise. A walker’s dream, you’ll love the island’s mile-long, tree-lined baywalk outlining its perimeter, which is often frequented by cyclists, joggers, and nature enthusiasts from around the city. Besides romantic water views in every direction, Brickell Key has its own mini marketplace, a park on its southernmost tip, and a children’s playground. ### Downtown Miami **What you’ll love: Urban core, hot arts, culture, dining & entertainment scene, iconic Pérez Art Museum Miami, Bayside Marketplace and Bayfront Park with live music, maximum public transportation** If you want something similar to Brickell but more up-and-coming, a little edgier, and a little softer on the price tag, Downtown Miami is for you. This urban core puts you in the middle of a happening arts, culture, and entertainment scene with maximum public transportation options at every turn. And if you're a Miami Heat fan, this is your neighborhood, as you can walk to the arena where they play. Miami’s ever-evolving urban core, Downtown Miami is brimming with parks set on Biscayne Bay, museums, restaurants, bars, nightlife, and historic architecture and buildings, as well as the government buildings for Miami Dade County and Miami Dade Community College. This pedestrian-friendly neighborhood is a popular pick among young professionals as well as families looking to live closer to work. ### Edgewater **What you’ll love: Family-friendly, big on water sports options at the Margaret Pace Park, central to Arts & Entertainment, Miami hotspots** Wrapping the best of urban, waterfront living in a compact residential neighborhood, Edgewater is wildly popular among couples and young families. Big on serving fun-for-all-ages, this quaint neighborhood features a diverse collection of eateries and is anchored by the expansive Margaret Pace Park with multiple courts, a children’s playground, a dog park, and endless water views, as well as a nearby Marina. If you wish to live in a premier waterfront neighborhood that's the most central of Miami neighborhoods, typically for less than what you’d pay in Miami Beach with access to great schools, Edgewater is THE best Miami neighborhood for you. It's also very walkable, including to the Metromover and the Adrienne Arsht Center for the Performing Arts, and has easy access to South Beach via the scenic Venetian Causeway. ### Midtown & Miami Design District **What you’ll love: Trendy, walkable, The Shops at Midtown Miami, best of luxury shopping, dining, and entertainment** One of the best Miami neighborhoods for retail therapy, with creative inspiration around every corner, you’ll find various condo and luxury rental options in Midtown. Anchored by The Shops at Midtown Miami, Midtown is where you’ll find a grand mix of big box stores, on-trend retail, amazing restaurants, artisanal brews, and outdoor movies. The Miami Design District, on the other hand, is home to a covetable and grand collection of 120+ flagship stores of major luxury brands, architecture and interior design showrooms, public art programs, an award-winning parking garage called Museum Garage, and exquisite restaurants. The Miami Design District is also a favorite of art enthusiasts with the de la Cruz Collection and the Institute of Contemporary Art here. Best part – everything’s a few steps or easy bike ride away from home. ### Wynwood **What you’ll love: By, for and of the art lover, Wynwood Walls, art galleries, coffee shops, eclectic bars and eats, very walkable** Miami’s best neighborhood for art lovers and foodies, Wynwood is known as the incubator of street art and artists. Home to the world-renowned Wynwood Walls (a collection of mural-adorned warehouse walls), the vibrant neighborhood is brimming with art galleries, avant-garde museums, and event hotspots. You’ll love living in this trendy neighborhood if you'd like to have eclectic bars, artisanal restaurants, food trucks, experimental event venues, and artsy inspo within walking distance, along with a cool collection of artists, designers, and creative types for neighbors. Finally, this is one of Miami's best neighborhoods for creative food. If you're a foodie, even if you don't choose to live here, you'll be dining here a lot. ### Upper East Side / MiMo (Miami Modern) **What you’ll love: Biscayne Bay views, Miami Modern historic architecture, legendary Vagabond Hotel, unique shopping and dining at Ironside** You’re not mainstream but still want a nice waterfront area loaded with history and old-world charm, then Upper East Side is the best Miami neighborhood for you. You’ll find trendy stores plus a variety of new cafes and restaurants lined up alongside a beautiful collection of recently restored boutique hotels, 1920s Mediterranean Revival homes, 1930s Art Deco architecture, and 1950s Miami Modern buildings. This waterfront neighborhood is especially popular among families and professionals of all ages looking for a rather affordable, quiet, suburban community. It's quieter than most other neighborhoods of Miami, and still offers hidden gems of cafes and boutiques. ### Coconut Grove **What you’ll love: Waterfront, yachting lifestyle, tropical greenery, tree-lined streets, peacocks, best collection of schools, CocoWalk (open-air mall), Vizcaya Museum, Barnacle Historic State Park** You’ll love living in Coconut Grove if you’re a boating enthusiast, nature lover, like peacocks in your backyard, or simply enjoy a slower, tropical lifestyle. A top choice among families and empty nesters, Coconut Grove is an idyllic neighborhood with a nice village vibe, breezy waterfront parks and a world-class sailing scene. Set along Main Highway, its tree-lined streets offer a safe community life and family lifestyle, a quaint downtown area featuring the newly renovated CocoWalk, some nice retail, great restaurants, art galleries, and walkable streets. This is also Miami’s oldest community with the historic Peacock Park, Woman’s Club, Coconut Grove Library, and The Barnacle house offering a gateway into its charming past. ### Coral Gables **What you’ll love: Suburban, historic charm, canopied streets, canals and waterways, Biltmore Country Club, award-winning theater, Fairchild Botanic Garden, Shops at Merrick Park, Miracle Mile, University of Miami, historic Venetian Pool** If you’re looking for suburban charm, Spanish-inspired architecture, canopies of lush tropical greenery, plenty of historic attractions, and an overall idyllic vibe, you’ll love living in Miami’s City Beautiful, also known as Coral Gables. Teetering between the old and new, you’ll find upscale retail at the Shops at Merrick Park, boutique finds at Miracle Mile, a huge collection of new to established eateries scattered across town, art-house cinema, museums, award-winning theater, world-class golf courses and tennis, iconic Mediterranean architecture, and a downtown buzzing with business. All in all, Coral Gables is a great place to build a family and put down roots. Not much for reading? Watch this 1-minute video for a quick introduction to All of Miami's Best Neighborhoods! --- ## Best Of Miami Beach & Other Oceanfront Neighborhoods at A Glance --- ### South Beach **What you’ll love: Destination beach neighborhood, international vibe, LGBTQ+ friendly, legendary nightlife, iconic restaurants and clubs, Art Deco hotels and Ocean Drive, Lummus Park & Beach, Lincoln Road (open-air shopping mall), Wolfsonian-Florida International University** Nothing compares to South Beach when it comes to beachside living. If you want to be where it’s at, with a name and address everybody knows, South Beach is the best Miami neighborhood for you. Living in Miami’s vacation central, you can walk, bike or catch a free trolley to world-renowned beaches, nightclubs, iconic restaurants, and shopping with a side of people-watching at Lincoln Road. A popular pick among staycationers, work from home folk, and second home buyers, a South Beach address certainly puts you on the map. If you wish to avoid tourists, living in the more residential West Avenue is recommended. ### South of Fifth (SoFi) in South Beach **What you’ll love: High-end luxury, family-friendly, old-beach vibe, 5-star restaurants, Joe’s Stone Crab, South Pointe Park & Pier, safer end of South Beach** If you’re looking for high-end living in a beach lifestyle with utmost exclusivity, then you’ll love South of Fifth. Miami Beach’s southernmost point, South of Fifth is less touristy and big on community vibes. It’s almost like New York’s Tribeca, as in both neighborhoods went from nothing to an upscale residential area with fine dining and a tranquil vibe. The collection of restaurants here is critically-acclaimed - you’ll also find Art Deco gems, upscale bars, art galleries, a marina, and a pier. Again, South of Fifth is an address you can flaunt and is a top pick for living with the family. ### Sunset Harbor, Belle Isle & Venetian Islands in South Beach **What you’ll love: Island feel, marina, sandwiched perfectly between city and beach, very walkable** If quiet, island-living tops your list while having the best of both worlds (beach and city) a quick bike ride away, then Sunset Harbor-Venetian Islands is your best bet. Surrounded by water, you’re on the much quieter, far west side of South Beach. A great pick for executives, families, and boaters, this far west pairing of neighborhoods features nice shopping, dining, and a marina. Also, the Venetian Causeway makes for one of the most scenic walks or drives into the city. ### Mid-Beach, Miami Beach **What you’ll love: Oceanfront, upscale, less touristy, collection of world-class resorts, well-preserved gems of MiMo-style architecture, La Gorce Country Club, Faena District** If you want to be close to everything South Beach but want something more upscale, family-friendly, and a little less crazy, then Mid-Beach is the best Miami neighborhood for you. The oceanfront Millionaire’s Row along Collins Avenue here is often compared to Uptown’s Park Avenue in New York. Most of the resorts come lined against the ocean, making the sugar sand beaches here much classier and exclusive. Faena District with its bazaar, unique art scene, and theater helps energize this otherwise quiet beachfront. ### North Beach, Miami Beach **What you’ll love: Laidback, quieter oceanfront, community feel, live concerts at the Miami Beach Bandshell** If you’re looking for something a little more affordable on the beach, with a nice small-town community feel, and tons of potential, then you’ll love living in North Beach. The most family-friendly part of Miami Beach with a great oceanside park, golf course, and concerts on the beach (at the Bandshell), this up-and-coming beach neighborhood is now on the radar for developers. ### Surfside & Bal Harbour **What you’ll love: Beachfront luxury, tight-knit beach town community, community center, walkable retail, world-renowned Bal Harbour Shops** This pairing of coastal towns carries some amazing, walkable retail between themselves - the internationally famous Bal Harbour Shops. The oceanfront Bal Harbour offers beachfront luxury and boasts some of the most peaceful stretches of sand in Miami. On the other hand, Surfside is a tight-knit community with a great community center and the nesting grounds of choice for the Florida Loggerhead Sea Turtle. Of the two suburbs, Surfside makes a great choice for empty nesters, while Bal Harbour is great for families with its proximity to schools. ### Sunny Isles Beach **What you’ll love: Oceanfront, branded luxury condos, great (mostly reserved for condo residents) beaches, better priced than Miami Beach** With prices reducing as you move up the beach from South Beach, Sunny Isles makes the perfect (more affordable) slice of oceanfront luxury to own. A great pick for families, this beachtown sits away from the chaos of Miami Beach and closer to the sprawling acreage of Aventura. If you’re looking to for large luxury, branded condo units on the beach with well-maintained parks in a community setting, then this is the best Miami neighborhood for you. Did we mention a wide variety of world-class restaurants? Yes, that’s the icing on the cake here. ### Key Biscayne **What you’ll love: Oceanfront island-living, village feel, sandwiched between two state parks, low-traffic streets, golf at Crandon Park, highly rated schools, Miami Seaquarium** If you cherish a village feel with the bonus of a quiet beachfront, national parks, great schools, and want your kids to be able to bike around town without a worry, then Key Biscayne is the best Miami neighborhood for you. With only one road in and out, you know you and your loved ones are safe. Off the beaten path, just a 15-minute scenic drive from Brickell, Downtown Miami and Coconut Grove, this laidback island-village has plenty of watersports and features an incredible community center with an Olympic pool, jungle gym, gym for adults, indoor basketball court, ping pong & pool tables, volleyball, year-round programming, and more. It's also a nature and fitness lover's paradise with Biscayne National Park here, along with an historic lighthouse, multiple tennis complexes and a golf course. ### Fisher Island **What you’ll love: One of the most expensive zip codes in America, ultra-exclusive island, handful of high-net-worth neighbors, golf cart around town** One of the most luxurious zip codes in the country, living in Fisher Island is as exclusive as it gets in Miami. Only accessible by private boat, helicopter, or ferry, and with an extra layer of tight security, you are in one of the safest, most private islands in the world. There’s also a handful of restaurants, a gourmet market, the historic Mediterranean-style Vanderbilt Mansion for recreation, a coveted seaside golf course, and the recently renovated Fisher Island Club for residents to enjoy. Besides easy access to tranquil beaches and intricately-designed homes, expect to be living with captains of industry, celebrities, and other high-net-worth residents for neighbors. Did we miss a key neighborhood? Did you find a match? Do you have a different take on any of these neighborhoods? Let us know in the comments. And as always, if you want a tour of one of these Miami areas, or need advice on the best condos for your lifestyle, call or email us anytime. **ARE WE FRIENDS ON SOCIAL MEDIA?** 📣 Connect with us on Instagram, TikTok and Youtube. 📣 Thanks for reading, and be sure to follow us on our social media @blackbookproperties – we’re on Instagram, Facebook, and YouTube!

Coral Gables and Coconut Grove Luxury Condo Market Report - Q3 2022

View the most up-to-date market reports. Take me there now! As predicted in our Coral Gables and Coconut Grove report for Q2 2022, sales slowed down significantly over Q3 2022\. However, considering the third-quarter is generally the slowest quarter of the year, prices increased, days on market were stable, and inventory stayed low – this particular sub-market showed signs of health, unlike the national housing market that is showing signs of worsening stability. Read on for more details on how this pairing of Miami's most beautiful neighborhoods - Coconut Grove and Coral Gables - performed year-over-year, as well as against the overall Miami market trends in terms of sales, prices, days on market, and inventory in our exclusive, full-length analysis for luxury condos this Q3 2022. For the purpose of this Miami submarket luxury condo report, we've only included properties priced $1 million and above. **Q3 2022 Coral Gables and Coconut Grove Luxury Condo Market Highlights:** * Sales down -55.6% from previous year's record-setting performance * 12-month Sales Trendline shifted from a positive curve in Q2 2022 to negative in Q3 2022 * Price per Square Foot up 9.8% year-over-year to $756/Sq. Ft. * Sales Price flat year-over-year * Days on Market down -32% year-over-year * Inventory up 20% year-over-year to 6 months – back to being lowest in Miami * Coral Gables and Coconut Grove continued as a strong seller's market ## Table of Contents 1. Q3 2022 Coral Gables & Coconut Grove Luxury Condo Sales Trends 2. Q3 2022 Coral Gables & Coconut Grove Luxury Condo Price Trends 3. Q3 2022 Coral Gables & Coconut Grove Luxury Condo Days on Market Trends 4. Q3 2022 Coral Gables & Coconut Grove Luxury Condo Inventory Trends 5. Q3 2022 Conclusion ## Q3 2022 - Coconut Grove & Coral Gables Luxury Condo Sales Down YoY **Q3 2022 Coral Gables and Coconut Grove Luxury Condo Market Summary - Fig. 1** **Quarters** **Number of Sales** **% change in Sales** **Median Sale Price** **% change in Median Sale Price** **Median Sp/Sqft** **% change in Median Sp/Sqft** **Median of DOM** **Q3-2022** 28 \-55.6% $1,531,250 1.1% $756 9.8% 42 **Q3-2021** 63 $1,515,000 $689 62 **Q3 2022 Coral Gables and Coconut Grove Luxury Condo Market Summary - Fig. 1.1** **Quarters** **Number of Sales** **% change in Sales** **Median Sale Price** **% change in Median Sale Price** **Median Sp/Sqft** **% change in Median Sp/Sqft** **Median of DOM** **Q3-2022** 28 \-69.2% $1,531,250 \-7.2% $756 1.8% 42 **Q2-2022** 91 $1,650,000 $743 21 ### Q3 2022 Sales Drop -55.6% Year-Over-Year - Negative Trendline. As predicted in our Q2 2022 market report for the grouping, sales took a seasonal break this third quarter. After months of being in overdrive, it was quite expected for the market to stop and catch its breath. Echoing the slower pace of the overall Miami market, Coral Gables and Coconut Grove (collectively) reported the following Sales Trends in Q3 2022: * **Q3 2022 vs Q3 2021.** Sales declined 55.6% year-over-year, down from 63 sales in Q3 2021 to 28 for the same quarter of 2022\. (Fig. 1) * **Q3 2022 vs Q2 2021.** Sales dropped 69.2% quarter-over-quarter, down from 91 sales in Q2 to 28 in Q3 this year. (Fig. 1.1) * Interestingly, even as sales dropped significantly compared to the previous year's record-setting high, **numbers were still higher than any comparable quarter from 2020** or before. (See Q3 charts in Fig. 2.1) This shows that even though the luxury condo market lost some steam, it was not crashing and is most likely to maintain its growth threshold set over the past two years. * In a month-on-month comparison, July 2022 reported 10 sales compared to 20 for the same month last year. August this year reported 9 sales against 23 from the same month in 2021\. And, September reported 9 sales against 20 from the same month last year. (Fig 2.2) * Considering the third quarter of the year is usually the softest (as per historical data), it's no surprise that market momentum would hit a plateau. Going into the fourth quarter of the year, we, as luxury condo experts, expect this slower pace to continue before picking up somewhere around mid-January, as it does every year in Miami. With sales dipping, the 12-month Sales Trendline of Fig. 2.3 expectedly went back to a negative trajectory from its positive curve in Q2 2022. **Coral Gables & Coconut Grove Luxury Condo Quarterly Sales 2015 - 2022 - Fig. 2.1** **Coral Gables & Coconut Grove Luxury Condo Monthly Sales from Jan. 2016 to Sep. 2022 - Fig. 2.2** **Coral Gables & Coconut Grove Luxury Condo 12-Month Sales with Trendline - Fig. 2.3** ## Q3 2022 - Coconut Grove & Coral Gables Luxury Condo Prices Up YoY ### Q3 2022 Price per Square Foot up 9.8% to $756, Median Price flat year-over-year. Deviating partially from the overall Miami market trend of higher year-over-year price per square foot and a lower year-over-year median sales price in Q3 2022, the combined neighborhoods of Coral Gables and Coconut Grove reported as below: * Price per Square Foot increased by 9.8%, up from $689 in Q3 2021 to $756 in Q3 this year. (Fig. 1) * Median Sales Price stayed almost flat (1.1%), shifting marginally up from $1,515,000 in Q3 2021 to $1,531,250 in the comparable quarter of 2022\. (Fig. 1) * A look at the 5-year quarterly price per square foot chart in Fig. 3 below reveals that Q3 prices closed in the highest ranges – indicating that sellers received good value for their luxury condo investments in this grouping. **Coral Gables & Coconut Grove Luxury Condo Quarterly Price per Sq. Ft. 2017-2022 - Fig. 3** ## Q3 2022 - Coconut Grove & Coral Gables Days on Market Up QoQ, But Down YoY **32% decline in year-over-year Days on Market.** In line with the overall Miami luxury condo market trend for Days on Market, this neighborhood pairing reported a decline in year-over-year numbers, but increase in quarter-over-quarter days on market. In Q3 2022, luxury condos spent 20 fewer days on the market compared to Q3 last year and 21 extra days compared to Q2 2022 (Fig. 4). This shows that even as momentum dropped, buyers and sellers were quick to come to a consensus compared to the previous year. **Coral Gables & Coconut Grove Luxury Condo Quarterly Days on Market 2018-2022 – Fig. 4** ## Q3 2022 - Coconut Grove & Coral Gables Lowest Inventory in Miami – Sellers' Market Holds **Q3 2022 closed with 6 months of Inventory.** In line with the overall market trend in Miami, inventory in this pairing of lush tropical neighborhoods stayed very low. At 6 months, inventory was below the 9-12 months range of a balanced market, keeping sellers firmly in charge of negotiations as multiple buyers put in competitive offers (with most in cash). * On a quarter-over-quarter basis, inventory increased by 50% from 4 months in June 2022. * On a year-over-year basis, inventory was up 20% from 5 months in September 2021. One of the first sub-markets in Miami to shift from a buyer-dictated to seller's market several quarters ago, Coral Gables and Coconut Grove continued keeping the lowest levels of inventory of all the Miami neighborhoods under review. As real estate experts, we recommend sellers to consider selling now to make the most of this dynamic market with low inventory and high prices, especially considering we expect a softening of the market in the next quarters ahead. Those looking to buy a luxury home in these historically-significant, beautiful neighborhoods can search Coral Gables or Coconut Grove condos for sale here. **Coral Gables & Coconut Grove Luxury Condo Months of Inventory from Mar. 2019 to Sep. 2022 - Fig. 5** _A balanced market has only 9-12 months of inventory. The months of inventory are calculated as – no. of active listings + no. of pending listings divided by the average number of deals in the last 6 months._ If you'd like a free market evaluation of your luxury property, please call, email, or chat to connect with one of our experienced local real estate professionals. ## Q3 2022 - Coral Gables & Coconut Grove Luxury Condo Market Conclusion In line with the overall Miami market trends noted for Q3 2022, this historic sub-market may have paced down but still showed solid signs of health. So, even as sales yielded to a seasonal slowdown, numbers were higher than any third quarter noted in pre-pandemic years. As expected, the 12-month Sales Trendline down-shifted into a negative trajectory from its positive curve in the previous quarter. Considering the luxury condo market generally picks up pace after December's landmark Art Basel event and mid-January, we, as luxury real estate experts, expect Q4 2022 to close softer as well. On the price front, the Price per Square Foot for this grouping **posted year-over-year gains**, much like the overall market. At $756/Sq. Ft., sellers continued receiving good value for their luxury condos in Coral Gables and Coconut Grove. Again, consistent with the overall Miami trend of lower year-over-year Days on Market, Coral Gables & Coconut Grove too reported a decline – indicating healthy buyer-seller communication. Being the quick-moving market it is, Coral Gables & Coconut Grove collectively reported the lowest levels of inventory in all of Miami in Q3 2022\. Since inventory stayed below the 9-12-month marker of a balanced market, sellers kept their stronghold on the market, continuing to steer negotiations in their favor. Looking at the next phase of the luxury condo market in Coral Gables & Coconut Grove, we, as real estate experts, expect the following factors to influence trends heading into the end of the year: * We expect the recent business migration trends coupled with our tax-saving policies to continue drawing in high-net-worth buyers, families and well-paid employees. * We expect higher interest rates to discourage only a few sellers who may have locked in lower mortgage rate or even refinanced at a more lucrative rate. Most buyers are paying in cash. * We expect a weaker Euro to cause only a slight shift, considering our foreign buyer statistics are dominated by Latin American (39%) and Canadian (25%) clientele rather than Europeans (12%). * We expect our branded luxury condos, like Mr. C Residences by the Cipriani brothers, coupled with lush outdoors, a yachting culture, rich cultural programming, and fabulous year-round weather to continue pulling in well-heeled buyers from across the globe to these very desirable neighborhoods. * We expect the market to shift into a more balanced position, as new construction projects continue over the next 2-3 years. **LET'S GET SOCIAL!** Connect with us on Instagram and Youtube. Questions or comments about the stats? Want more info on Miami condos? Contact Sep at sniakan@blackbookproperties.com or call 305-725-0566.

All of the Best Restaurants in Coconut Grove 2022

Whether you’re hankering for a casual breakfast, need a power lunch spot, or are planning a romantic fine dining experience, Coconut Grove is one of the best neighborhoods in Miami to enjoy an unforgettable meal. With options ranging from fresh, simple comfort food to elaborate, exotic fusion creations, from streetside cafes to exquisite rooftop, bay views, you won’t be disappointed with the myriad of offerings for every palette in this quaint, tropical neighborhoods. We’ve assembled a list of our favorite eateries in the Grove by category, to help you better satisfy your current cravings or impress the foodie in your life. --- ## Best Breakfast/Brunch in Coconut Grove --- ### Le Pain Quotidien **3425 Main Hwy** A Belgian bakery and restaurant serving local, seasonal, organic food, featuring egg dishes, tartines, soups, salads, pastries and desserts, with plenty of vegetarian and vegan options. And some great coffee and teas on the side. You can also take home your favorite breads and pastries. ### Berries in the Grove **2884 SW 27th Ave** This New American spot features has been a breakfast and brunch favorite for more than 15 years. Featuring Belgian waffles, omelets, and other breakfast offerings, as well as sandwiches and light lunch fare, Berrie is a great place to meet and dine in a covered patio. They also have specialty coffee and fresh juice and smoothie options at affordable prices. ### B Bistro + Bakery at The Grove **2895 McFarlane Rd** B Bistro + Bakery originated in Brickell, but has spread its delights to Coconut Grove. With a rotating menu of fresh-baked morning pastries, select breakfast and lunch dishes, signature desserts and one of the best traditional coffee bars in Miami. Treat yourself to some Croque Madame’s, Truffle Buns, or Pastelito Pancakes. And the Guava BBQ Chicken and Spicy Tuna Toast are to die for. --- ## Best Waterview Restaurant in Coconut Grove --- ### Bellini at Mr. C Hotel **2988 McFarlane Rd** Set in the top floor of sophisticated Mr. C Hotel by Cipriani, Bellini is a relaxing oasis surrounded by expansive Bay views and vistas of the Coconut Grove skyline. Hailing from one of the best, family-owned Italian hospitality groups in the world, Bellini serves the freshed, elevated Italian cuisine featuring classic Cipriani dishes and a prime selection of Italian wines and cocktails. ### Monty’s **2550 S Bayshore Dr** A famed local hangout since 1969, Monty's has even appeared in TV series, such as Miami Vice and several others. Beloved for its casual seaside atmosphere, live music, and happy hours, as well as its awesome raw bar and grilled surf and turf specialties, Monty’s is also accessible by boat if you get hungry while you’re on the water! ### The Bayshore Club **3391 Pan American Drive** Set on the waterfront site of the neighborhood favorite of Scottie’s Landing, damaged from past hurricanes, The Bayshore Club reimagines this scenic location overlooking the marina from the same restaurant group that has created Stubborn Seed, Stiltsville and Glass & Vine. Serving up all you’d expect, with raw bar and small plate favorites like oysters, ceviches, calamari and conch fritters, lobster rolls, whole fried snapper and fresh grilled fish, The Bayshore Club will surely soon be a locals’ favorite. --- ## Best Mexican in Coconut Grove --- ### Aida **3306 Mary Street** Calling itself a “Mexican Seafood” restaurant, AIDA’s fusion cuisine blends traditional Mexican flavors with the best fare from the sea, all inspired by coastal Mexican dishes. Try the Pulpo Zarandeando featuring sauteed octopus with Salsa Talla, Corn Crusted Chilean Seabass, Al Pastor Fish Quesadilla, and Red Snapper tostadas. --- ## Best Seafood in Coconut Grove --- ### Navé **3540 Main Hwy** A simple yet sophisticated menu consisting of seafood-centric Italian entrées, fresh house-made pastas, and an extensive raw bar is served in a casually elegant setting in the heart of the Grove. --- ## Best Steakhouse in Coconut Grove --- ### Loretta and the Butcher **3195 Commodore Plaza** This authentic Argentinian steak house offering meat and seafood parrilladas and an array of robust side dishes will satisfy even the most demanding carnivore and wine aficionado with its menu and wine list. --- ## Best Sushi in Coconut Grove --- ### G Art Sushi Caffe **3870 Grand Ave** A trendy spot serving creative sushi inventions fused with a touch of Cuban influence served with a great live jazz piano accompaniment for an unforgettably relaxing meal and experience. ### Varsol by Akashi **3423 Main Hwy** Inspired by traditional Japanese culinary techniques and the freshest and highest quality ingredients, Varsol is the Grove’s original sushi bar. It also serves signature cocktails with some of the city’s best sushi. ### Sushi Maki **2250 Bayshore Drive** Set in Bayshore Landing, and committed to serving sustainable seafood, Sushi Maki is the first US sushi chain to earn Marine Stewardship Council Certification and has been sourcing top-quality seafood products from certified sustainable fisheries around the world since 2012 to create its fresh and authentic sushi rolls. --- ## Best Italian in Coconut Grove --- ### Strada in the Grove **3176 Commodore Plaza** Authentic old world flavors and culinary traditions combine in top quality charcuterie platters, local and imported cheeses, and specialty entrées prepared from regional northern Italian recipes. With over 100 wine selections including exclusive boutique wines from the best wine regions of the world, dinner at Strada in the Grove will transport you to Italy for the evening. ### Sapore di Mare **3111 Grand Ave** Specializing in coastal Italian seafood and fresh homemade pastas, this traditional family-owned restaurant uses only the highest quality ingredients, such as first press extra virgin olive oil, organic free-range chicken, Alba truffles, Parma ham, Sardinian pecorino cheese, and specialties such as Sardinian sea urchin, roe, and Sicilian tuna. Their wine list features over 100 selections and they also serve exquisite signature desserts. ### Bellini at Mr. C Hotel **2988 McFarlane Rd** As mentioned above, Bellini can’t be left out for offering some of the freshest and most authentic Italian in the Grove and all of Miami, for breakfast, lunch and dinner. With incredible views from the top of Set the Mr. C Hotel by Cipriani, you’ll find antipasti, zuppe, and mains like Pappardelle alla Bellini, Bucatini Cacio e Pepe, Linguine Portofino with Tomato & Pesto, Spaghetti alle Vongole, Tagliardi al Tartufo Nero di Norcia, and more Italian classics on Bellini’s menu. --- ## Best Pizza in Coconut Grove --- ### Harry's Pizzeria **2996 McFarlane Rd** First starting the Design District, Harry’s is the go-to place to enjoy artisanal, wood-oven pizzas with craft beer in a cozy rustic yet modern space in the heart of the Grove. ### Farinelli 1937 **3197 Commodore Plaza** An authentic, upscale Italian pizzeria with two custom-made copper-coated wood-burning ovens, Farinelli makes its own dough using a traditional Italian recipe and sources its ingredients directly from Italy. --- ## Best Latin Food in Coconut Grove --- ### Los Félix Miami **3413 Main Hwy** Latin cuisine at Los Félix is inspired by indigenous heritage and showcases native ingredients such as heirloom corn, cacao, chiles, and squash, paying homage to the indigenous tradition of Milpa farming, which honors our sacred connection with our land. Tortillas are made from scratch using an in-house molino where corn is ground daily to make tortillas and dishes are served with natural wine. A cozy nostalgic vibe is created thanks to vinyl records for a unique culinary experience you won’t easily forget. --- ## Best Mediterranean Restaurant in Coconut Grove --- ### Meraki Greek Bistro **3462 Main Hwy** Serving authentic Greek food in a traditional setting, and committed to using the finest ingredients, such as Extra Virgin Olive Oil from Greece, Meraki features a wide selection of Greek appetizers, homemade gyros, and daily fresh fish and seafood specials. ### Amal **3480 Main Hwy Suite 100** Contemporary Lebanese specialties are served in a relaxed, lush environment with indoor/outdoor seating and a focus on food that can be shared. Add a selection of fine Lebanese, domestic, and international wines and delightful Lebanese desserts for a lavishly satisfying meal. --- ## Best Indian in Coconut Grove --- ### Bombay Darbar **2901 Florida Ave** Serving authentic Indian cuisine, Bombay Darbar is a sensory emporium that delights with the sights, sounds, flavors, and fragrances of India. It’s a favorite not only in Coconut Grove, but for all of Miami. --- ## Best French Food in Coconut Grove --- ### Le Bouchon Du Grove **3430 Main Hwy** Beloved by locals, this small and homey bistro is a beautiful romantic setting in which to enjoy traditional French cuisine that combines the best of Lyon, with touches of South Florida and diverse wines from around the world. --- ## Best Fusion Fare in Coconut Grove --- ### Jaguar Restaurant **3067 Grand Ave** Inspired in the varied cuisines of Central and South America, Jaguar serves up an exciting menu of contemporary Latin fusion with surprising new combinations featuring traditional ingredients. ### Botanico Gin & Cookhouse **3015 Grand Aven** There’s a little something for everyone at this new restaurant featuring a mix between modern American cuisine, Central and South American staples, and Mediterranean and European favorites. Sample creative pairings like octopus carpaccio, duck arepas, seared tuna Nicoise salad, plus classic meat cuts, burgers and grilled salmon or Branzino. Botanico also has a special focus on gin cocktails. --- ## Neighborhood Favorite Restaurants in Coconut Grove --- ### Peacock Garden Resto Bar + Grill **2889 McFarlane Rd** A neighborhood staple, the Peacock Garden serves fresh fish, seafood, steaks, salads, pastas and a rotating selection of daily roasts and features a raw bar and signature cocktails as well as tempting desserts. ### Greenstreet Café **3468 MAIN HIGHWAY** Perhaps the Grove’s most iconic outdoor restaurant, Greenstreet Café is the neighborhood’s premiere casual eatery, serving breakfast until mid-afternoon daily, as well as lunch, sandwiches, dinner offerings and cocktails. ### Lulu **3105 Commodore Plaza** Internationally-influenced cuisine featuring seasonal, local ingredients, and cocktails served in a relaxing ambience that captures the laid-back bohemian spirit of Coconut Grove make this a neighborhood icon beloved by locals as well as visitors to the neighborhood. --- ## Best Wine Bar/Lounge in Coconut Grove --- ### The Commodore **3300 SW 27th Ave** Located at the Ritz-Carlton, the Commodore serves craft cocktails and light fare. There is an additional outdoor seating section for cigar aficionados, and you can buy fine cigars on the premises. Live music on Friday and Saturday nights provides a festive atmosphere for cocktails and conversation. ### The Taurus Coconut Grove **3540 Main Hwy c103** The Taurus is a Coconut Grove icon, serving signature cocktails and chef-curated small plates for almost 100 years. Known for its great selection of wines, spirits, and beers, as well as is joyful ambiance, the Taurus continue to be a favorite local hangout. ### Vinos **2889 McFarlane Rd** Located in the Hotel Arya, this laid-back understated wine bar features a list of fine wines from around the world & assorted gourmet cheese platters. --- ## Best Bakery/Sweets in Coconut Grove --- ### Fireman Derek’s Bake Shop **33435 Main Hwy** Fireman Derek’s Bake Shop is a family owned bakery that serves up what may reasonably be considered the absolute best baked goods in all of Miami, featuring handcrafted pies, cakes, cheesecakes, cookies and unique out-of-the-box desserts. Everything is baked in-house, using only the finest and freshest locally sourced ingredients to indulge your sweet tooth! ### Fookems Fabulous Key Lime Pies **3081 Oak Ave** What started as a Covid lockdown passion has become one of the best Key Lime Pies in Coconut Grove, and all of Miami. Created by former television videographer, Josh Abril, Fookems makes homemade Key Lime pies fresh every day, with flavors like Classic, Guava, Mojito, Coconut, Pineapple and Pistachio. Get your orders in and then pick up. Next time you’re in Coconut Grove, check out one of our favorite spots and enjoy some of the best food and libations in the neighborhood. We’ve given you plenty to choose from so you can explore all of your culinary cravings! And if we missed a spot, or have ideas for future posts, let us know on social media! **ARE WE FRIENDS ON SOCIAL MEDIA?** 📣 Connect with us on Instagram, TikTok and Youtube. 📣