Best housing options in Coconut Grove

Coconut Grove provides something for everyone. The neighborhood combines a friendly atmosphere with excellent amenities, including top-rated schools, parks, and a wide selection of dining and shopping spots. Therefore, discover the best housing options in Coconut Grove. Whether you’re interested in renting or buying, this area offers a mix of options to suit your needs and lifestyle, making Coconut Grove a top destination for anyone looking to settle in a well-rounded, engaging neighborhood. And after choosing your neighborhood, hire Pro Movers Miami and our moving services to make your move hassle-free.

A general overview of Coconut Grove real estate

Coconut Grove, a bohemian neighborhood in Miami, offers a diverse real estate market with approximately 789 homes currently available for sale, ranging from $6,800 to $150 million. This variety includes cozy condos, charming townhouses, and luxurious waterfront estates. These cater to a wide range of preferences and budgets. The median listing home price is $2.3 million, with a median sold home price of $1.8 million.

Notably, the median listing price per square foot is $1,000, reflecting the area’s premium status. In September 2024, the market experienced a 7.8% year-over-year decrease in median listing home prices, indicating potential opportunities for buyers. All in all, even though real estate comes with a price tag, it’s worth investing in it. If so, don’t hesitate to hire movers Coconut Grove FL and plan your residential move.

Factors to consider when choosing the best housing options in Coconut Grove

When choosing the best housing options in Coconut Grove, there are several factors to keep in mind to find a place that fits your lifestyle and priorities. Here’s what to pay attention to:

1. Safety: Like any neighborhood, safety is a top priority. Look for areas with a strong community presence, low crime rates, and, if possible, gated communities or buildings with security features. Namely, Coconut Grove crime rates are 64% lower than the national average.
2. Public Transportation: Proximity to public transportation options, such as Metrorail stations and bus routes, is valuable for those commuting to nearby areas or downtown Miami. Easy access to transit can simplify daily routines and reduce travel time.
3. Amenities: Consider the distance to key amenities such as schools, grocery stores, healthcare facilities, and parks. Coconut Grove offers excellent amenities, but choosing a location close to these essential spots can make errands and daily tasks more convenient.

The cost of Coconut Grove Condos

According to Realtor, prices start around $279,000 for a one-bedroom unit and can exceed $18 million for luxury penthouses. For instance, a one-bedroom condo at 2924 Day Ave is listed at $279,000, while a four-bedroom penthouse at 2811 S Bayshore Dr is priced at $18,950,000. he median listing price for condos in the area is approximately $1.95 million. So, if investing in The Grove’s condo market is your choice, hire the services of residential movers in Miami.

Coconut Grove’s apartment market

According to Apartments.com, here are the main traits of The Grove’s apartment market:

• Coconut Grove Apartment Sizes and Rents: Studio units rent for an average of $2,384 monthly and are around 490 sq ft. One-bedroom units cost about $2,256 per month with 612 sq ft. For two bedrooms, rent averages $3,504 monthly, with each unit spanning 1,032 sq ft.
• Coconut Grove Monthly Rent Summary: Studios typically cost $2,384 per month for 490 sq ft. One-bedrooms average $2,256 for 612 sq ft. Two-bedroom apartments rent for about $3,504 monthly, with a spacious 1,032 sq ft.
• Apartment Pricing by Type: Studios average $2,384 monthly (490 sq ft); one-bedrooms $2,256 (612 sq ft); two-bedrooms $3,504 (1,032 sq ft), offering varied options for renters.

The cost of townhouses

Townhouse rentals in Coconut Grove vary widely, offering options for different needs and budgets. A two-bedroom townhouse averages $4,115 per month and typically spans around 1,208 square feet. For those needing more space, three-bedroom townhouses average $6,572 per month, offering about 2,077 square feet. Larger families or those seeking extra room can opt for a four-bedroom, with an average rent of $11,225 per month and a spacious 2,696 square feet. So, choose the best option for you that fits both your budget and your needs.

What salary is required to afford housing in The Grove?

To live comfortably in Coconut Grove, FL, a yearly income of around $90,240 is recommended. With the average rent at $2,256, a monthly income of about $7,520 should allow you to follow the common guideline of spending no more than 30% of your earnings on rent. It’s important also to factor in monthly bills and other expenses, as these can impact your budget. However, if you can afford to buy or rent a house, search for the best one. And after finding the best housing options in Coconut Grove, hire local movers Miami has to take care of your relocation task.

Best housing areas in Coconut Grove

The Grove’s waterfront areas are popular for upscale residences with stunning bay views, particularly along South Bayshore Drive, where you’ll find luxurious condos and homes ideal for enjoying the serene views and easy marina access. The Village West area, rich in history, maintains its close-knit, community feel and offers a mix of single-family homes and townhouses, appealing to those who appreciate Coconut Grove’s original charm. Next, North Grove, closer to Miami’s business districts, combines convenience with lush landscaping and larger, elegant homes, making it a popular choice among professionals and families.

Have you chosen the best housing options in Coconut Grove? Move with Pro Movers Miami

After choosing the best housing options in Coconut Grove, plan your move with our white glove movers from Coconut Grove. While you deal with all the documentation related to your new house, let the movers do every single moving task. As their name suggests, the white glove moving professionals will conduct the move in detail, leaving no clutter behind. So, schedule them now and make your move a breeze.