Coconut Grove’s Billionaire Moment: Miami’s Oldest Village Enters a New Luxury Era

Once defined by an independent, creative spirit, Coconut Grove is now being discussed as one of South Florida’s most consequential addresses for extreme wealth. A wave of headline waterfront acquisitions, paired with a carefully upgraded village core and a growing roster of luxury residences, has shifted the Grove from charming to strategic. For buyers, the opportunity is not simply to own in a fashionable pocket, but to secure a lifestyle that feels rare in Miami: walkable, waterfront-adjacent, culturally anchored, and quietly protected by low-supply geography.