Coconut Grove Penthouses [Luxury Penthouse Condos]
Welcome to the most remarkable Coconut Grove penthouses for sale along the coastal communities of Coconut Grove including Grove Isle to Ritz Carlton, Grove at Grand Bay and Park Grove. Owning a penthouse condo in The Grove can offer a luxurious and rewarding lifestyle that is hard to match in other parts of Miami or the world.
Premier Penthouse Condo Listings
Here you will locate the unique & impressive penthouses of Coconut Grove, Florida. Use the 'Order By' option to select the order for what you prefer, including the newest listings, the most number of price changes, and the biggest price changes. When you dial it in, easily 'Save Search' for new matching Coconut Grove penthouse listings sent via email.
64 Results
Miami, FL 33133
Miami, FL 33133
Coral Gables, FL 33133
Miami, FL 33133
Miami, FL 33133
Coral Gables, FL 33133
Miami, FL 33133
Miami, FL 33133
Miami, FL 33133
Miami, FL 33133
Miami, FL 33133
Miami, FL 33133
Miami, FL 33133
Miami, FL 33133
Miami, FL 33133
Coconut Grove, FL 33133
Coconut Grove, FL 33133
Coconut Grove, FL 33133
Coral Gables, FL 33133
Miami, FL 33133
Miami, FL 33133
Elevated Living: Luxury Penthouses in Coconut Grove
Penthouses in Coconut Grove stand among the most desirable trophy properties in South Florida, with epic floor plans and superior Miami views of the boats on the open bay. Coconut Grove penthouses are luxurious residential condo units in the scenic neighborhood of Coconut Grove in Miami. They typically feature spacious floor plans with high-volume ceilings, large windows, and top-of-the-line finishes and appliances. Many penthouses also have private balconies or rooftop terraces, providing residents a private outdoor space to enjoy the warm Miami weather.
Most Coconut Grove penthouses have amenities like private rooftop pools, massive outdoor terraces, and summer kitchens. These unique features offer a heightened level of comfort and convenience. Coconut Grove penthouses include exclusive access to building amenities such as fitness centers, swimming pools, and concierge services. Living in Coconut Grove is a truly luxurious and convenient experience. However, owning a penthouse in Coconut Grove can be seen as a status symbol and a smart investment, as this area is poised for growth and development in the coming years.
Penthouse Record Sales in Coconut Grove
The best penthouses in the community of Coconut Grove have set area records for premier residential real estate in Miami-Dade County. Here are a few of the biggest sales & best Coconut Grove penthouses setting area records.
- Grove at Grand Bay - PH02-N Sold for $8.250M (5,522 SqFt) in 2017.
- Grovernor House - PH #3202 Sold for $7M (8,343 SqFt) in 2013.
- One Park Grove - PH#17A Sold for $6.150M (3,592 SqFt) in 2020.
- Two Park Grove - PH-B Sold for $4.450M (2,556 SqFt) in 2018.
Penthouse Listings for Sale in Coconut Grove
The neighborhood also has a diverse selection of restaurants, shops, and other amenities, making it a convenient place to live. Overall, the combination of natural beauty and urban amenities makes Coconut Grove an attractive place to live for many people. Coconut Grove Penthouses for sale are in high demand with premier condo options found here, with all luxury penthouses in Coconut Grove included in our MLS database of premier properties. These high-rise condos offer stunning views of the surrounding tropical landscape and the beautiful waters of Biscayne Bay.
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Coconut Grove Penthouse FAQs
Coconut Grove penthouses can demand a premium in newer developments exceeding $20 million. However, the rewards can be significant for luxury property investors. Many Coconut Grove penthouses offer a high return on investment plus the opportunity to enjoy a truly exclusive lifestyle from the top. Currently, several trophy penthouses in Coconut Grove are available for sale, ranging in asking price from $3 to $20 million.
In 2023, The Park Grove Upper Penthouse A on South Bayshore Drive set the Coconut Grove Penthouse record for any condominium resale at $17.5 million. Penthouse A had five bedrooms, seven bathrooms, and over 5,800 square feet of living space with an outdoor kitchen and a rooftop pool. It sold for over $3,000 per square foot. Purchasing a penthouse in Coconut Grove is a smart investment in real estate and a lifestyle choice for those who desire the ultimate luxury living experience in Miami.
The starting price of a penthouse in Coconut Grove, as of 2024, is approximately $550,000 and up to live at the top. At this lower price point, the living area will span approximately 910 square feet under air.
Owning a penthouse in Coconut Grove provides a luxurious and exclusive lifestyle with breathtaking bay and city views. Buyers prefer the utmost privacy and top-notch security. Select Coconut Grove penthouses feature high-end finishes and amenities, such as private elevators, expansive terraces with breathtaking water views, gourmet outdoor kitchens, and rooftop pools to entertain. The prime South Florida location offers easy access to vibrant culture, dining, and shopping within 20 minutes of Miami's beautiful beaches. Coconut Grove penthouses are the epitome of luxury living. A Coconut Grove penthouse is sure to impress if you are looking for a permanent residence, a vacation home, or an investment property. They are perfect for a high-end property with breathtaking Miami views, amenities, and an exclusive location offering privacy. Additionally, it can be a lucrative investment with high rental demand and potential for appreciation.
Property taxes for residential real estate in Coconut Grove vary depending on the property's assessed value and the specific tax rates set by the local authorities. The property tax rate in Miami-Dade County, where Coconut Grove is located, was approximately 2.0% of the property's assessed value. It's essential to verify the current tax rates with the Miami tax assessor's office, which offers a convenient tax estimator online.
Property maintenance fees for penthouse condos in Coconut Grove can vary widely depending on the property size, the total number of condo units, and the amenities the building or community offers. These fees typically cover the insurance costs, maintaining common areas, amenities, security, landscaping, water, cable, internet, and other shared expenses. On average, condo maintenance fees can range from $0.90 to $2.00 per square foot, so it's essential to inquire about specific fees for each property of interest.
Miami offers several prime areas with some of the best penthouses in the city. Coconut Grove offers new condo developments including Grove Isle, Park Grove, Mr C Residences, Vita at Grove Isle and Grove at Grand Bay. South Beach, known for its vibrant nightlife and Art Deco charm, offers luxurious penthouses with stunning ocean and bayfront views. Mid-Beach, nestled between South Beach and North Beach, provides a more serene atmosphere and penthouse properties with oceanfront and bay views. Bal Harbour, a prestigious enclave, features exclusive penthouses like Rivage, boasting breathtaking ocean and city vistas. Sunny Isles Beach has been a huge draw this last year with exceptional oceanfront penthouses in new designer towers such as St Regis, Armani, and Bentley. Downtown Miami's bustling urban core offers high-rise penthouses with impressive city skyline and Biscayne Bay views like Aston Martin. Brickell's financial district showcases modern penthouses in super tall buildings with captivating city and bay views, such as Flatiron, Cipriani, St Regis, and 1428 Brickell.
The Coconut Grove Advantage
Coconut Grove is a premier neighborhood in Miami for many reasons. Coconut Grove is an upscale neighborhood in Miami known for its luxurious and high-end real estate offerings. It is an attractive destination for affluent individuals who value exclusivity within an artistic location full of natural Florida beauty. Coconut Grove is renowned for its lush greenery, scenic views, and vibrant cultural scene, all of which can be enjoyed from the comfort of a penthouse with sweeping panoramas. One of the main attractions is its beautiful natural setting. The neighborhood is surrounded by lush, tropical vegetation and is located on the shores of Biscayne Bay, providing residents with stunning water views. In addition to its natural beauty, Coconut Grove is known for its vibrant arts and culture scene. The neighborhood is home to many galleries, theaters, and music venues and hosts a number of popular events and festivals throughout the year.
Luxury Homes by Area in Miami
When considering luxury homes in Miami, various neighborhoods cater to distinct preferences. For a bustling urban lifestyle, Brickell and Downtown Miami showcase upscale properties, including high-rise luxury condos with stunning vistas. Those seeking tranquility and beachfront living will find exclusive options in Miami Beach and Fisher Island, offering waterfront properties and resort-style amenities. Bal Harbour and Sunny Isles Beach boast lavish oceanfront condos near upscale shopping centers. For a more suburban ambiance, Coconut Grove and Coral Gables present elegant single-family luxury homes amidst lush greenery and serene streets. Tailoring the search to specific areas ensures finding the perfect luxury home in Miami.
Luxury Condos by Area in Miami
For those seeking luxury condos in Miami, various neighborhoods cater to diverse preferences. Downtown Miami and Brickell offer a vibrant urban experience, with high-rise luxury condos featuring breathtaking views, ideal for those who love city living. Miami Beach and Fisher Island provide exclusive beachfront properties and resort-style living, perfect for those desiring a serene coastal lifestyle. Sunny Isles Beach and Bal Harbour showcase opulent oceanfront condos, close to upscale shopping destinations. Coconut Grove and Coral Gables provide a more tranquil suburban atmosphere, offering elegant condos surrounded by green spaces. By exploring different areas, one can discover the ideal luxury condo that aligns perfectly with their desires in Miami.