Key Takeaways
- The Moorings is a two-street enclave — South Moorings Way and North Moorings Way form a loop off Main Highway in South Coconut Grove, per The Real Deal’s own reporting.
- The highest verified sale on record is $49 million — 3301 South Moorings Way, closed May 2023, an off-market deal.
- The most recent verified sale closed for $16.5 million in early 2026 — a 1929-built bayfront home at 3467 North Moorings Way, more than $2,600 per square foot.
- Homes here span nearly a century of construction — from a 1929 original to full rebuilds completed in 2007-2008.
- Florida’s condominium milestone-inspection statute (§553.899) does not apply to any home in the Moorings — it is single-family housing stock, and the law is written for condominium and cooperative buildings only.
- This is a low-volume market — three verified trades across eleven years is not enough data for a meaningful median or $/sq ft figure, and this page does not manufacture one.
- Several commonly repeated facts about this enclave — total home count, HOA structure, gate operations — could not be confirmed through a primary source and are flagged below rather than restated from unverified listings copy.
Where Is The Moorings, And What Defines It?
The Moorings is a private enclave in South Coconut Grove, reached off Main Highway. The Real Deal, reporting on a 2015 sale there, describes it plainly: “The Moorings, a private neighborhood in the Grove that’s defined by two streets: South Moorings Way and North Moorings Way.” Those two streets form a loop through the community, a short drive from Coconut Grove’s restaurants, shops and Peacock Park.
Architecturally, the enclave mixes two very different eras. Some lots still carry homes built in the late 1920s, in the Mediterranean Revival style common to that first wave of Grove development. Others were torn down and rebuilt in the 2000s. The two verified sales below — one from 1929-era stock, one a 2007 rebuild — are a fair illustration of that split, not a coincidence.
Three Verified Sales, Eleven Years Apart
The Moorings does not transact often enough to publish a median price or a reliable $/sq ft figure — and this page will not invent one. What can be stated, because each is a matter of public record reported by a named trade publication, are three individual sales:
- 3305 South Moorings Way — $8.65 million, closed June 2015. A 12,702 sq ft canal-front home with seven bedrooms and seven and a half bathrooms, sold to a family relocating from the Midwest.
- 3301 South Moorings Way — $49 million, closed May 2023. The most expensive verified sale in the enclave, and the most expensive home sale recorded anywhere in Miami-Dade County up to that point in 2023.
- 3467 North Moorings Way — $16.5 million, closed on or around January 30, 2026. A 1929-built bayfront home, roughly 6,300 sq ft, at more than $2,600 per square foot — the most recent verified data point in the enclave.
All three are sourced to The Real Deal, a trade publication on JSR’s approved-source list, with the dates each article was published given in the Sources section below.
Inside The $49 Million Sale On South Moorings Way
The record sale in the Moorings closed in May 2023: an off-market deal in which Carlos Hakim, Luciana Haddad Hakim and their entity Mooring Investments sold 3301 South Moorings Way to Gladswood LLC, a Delaware company, for $49 million. The Real Deal reported it as the most expensive home sale recorded in Miami-Dade County so far that year.
The property: a six-bedroom, two-story house of 8,879 sq ft on a 0.6-acre bayfront lot, built in 2007. It last traded in 2010 for $10.1 million — meaning the 2023 sale represented roughly 4.85 times that basis over 13 years. The same reporting notes the sale happened off-market, which is consistent with a pattern JSR has documented elsewhere on this site: above roughly $20 million in Miami, a meaningful share of real activity never reaches the MLS.
For context, The Real Deal’s own coverage placed this sale alongside two other 2023 Coconut Grove trades on the same corridor — a $48.5 million off-market deal at 3007 Brickell Avenue and Ken Griffin’s roughly $107 million purchase at 3115 Brickell Avenue the year before — evidence that the Moorings sits inside, not adjacent to, Coconut Grove’s most active ultra-luxury waterfront corridor.
A 1929 Bayfront Home Sold For $16.5 Million In 2026
The most recent verified sale is also the one that best shows the enclave’s older housing stock. 3467 North Moorings Way — a bayfront, single-family home built in 1929, roughly 6,300 sq ft with six bedrooms and six and a half bathrooms plus a pool — sold for $16.5 million in a deal The Real Deal logged in its January 30, 2026 South Florida deals roundup, at just over $2,600 per square foot.
The seller was an LLC led by attorney Greg Herskowitz, who had purchased the property in 2022 for $14.7 million; the buyer was a trust tied to Timothy Carver, described as the CEO of a financial firm. The home first listed in March 2024 asking $29.9 million — meaning the eventual $16.5 million close represented a 45% reduction from the original ask, a data point worth knowing if a seller in the enclave is pricing off list price alone rather than closed comparables.
What The Public Record Does Not Confirm Here
Several claims about the Moorings appear consistently across brokerage and portal listings — a specific home count (most commonly “43,” sometimes “39”), a defined HOA structure and dues schedule, and details of gate staffing. None of those claims trace back to a primary source JSR could independently verify: not a Miami-Dade County record, not a filed HOA document, not a municipal page. Every source that repeats the “43 homes” figure is a brokerage or portal site — several are on JSR’s own banned-source list.
This page does not repeat that figure as fact. A buyer who needs an exact parcel count, HOA governance details or gate-access rules should pull them directly from the Miami-Dade County Property Appraiser’s parcel records for South and North Moorings Way, or request the enclave’s HOA documents (if one exists) through the listing agent or title company before writing an offer. If Josh has firsthand knowledge of the correct figures from having sold in the enclave, that is a legitimate source this page should be updated with — but it should come from him directly, not from a competitor’s marketing copy.
Why The Condo Milestone Inspection Law Does Not Apply
JSR’s coverage of Miami buildings returns often to Florida Statute §553.899, the mandatory structural-inspection law that drives the “milestone year” analysis on the site’s condo pages. It is worth saying plainly here that it has no application to the Moorings. The statute’s own text, verified against the Florida Legislature’s official site on 2026-08-12, is titled “Mandatory structural inspections for condominium and cooperative buildings” and applies to condo and co-op associations, not single-family homes. Every verified sale in the Moorings — the 1929 original, the 2007 rebuild — is a single-family house. A buyer here should still ask about flood zone designation, elevation certificates and any prior storm or flood claims on the property, through their own inspector and the seller’s disclosures, but not because of §553.899.
Due Diligence Before You Make An Offer
Given the coverage gaps above, a buyer moving on a property in the Moorings should, at minimum:
- Pull the parcel record directly from the Miami-Dade County Property Appraiser for the specific address, not a neighborhood-level estimate.
- Confirm in writing whether an HOA exists for the property, and if so, request its governing documents, budget and any pending special assessments — the same way a buyer would for any enclave with informal or undocumented governance.
- Get flood zone and elevation certificate information independently verified, particularly for the enclave’s pre-1970s housing stock.
- Treat any “total homes in the community” figure from a listing site as unverified until confirmed against county parcel data.
How The Moorings Fits Among Coconut Grove’s Gated Enclaves
The Moorings sits inside a small cluster of private, low-transaction-volume Coconut Grove enclaves that JSR covers individually rather than folding into the general Coconut Grove hub page, because each has a genuinely different character. Camp Biscayne, a short distance away, traces its own history to one of Miami’s first resort sites. Hughes Cove, off Devon Road, is a smaller gated pocket named for a former landowner. Journey’s End covers another of South Grove’s gated waterfront pockets. None of these enclaves transact often enough to support a meaningful median price, which is exactly why JSR covers each on verified individual sales rather than invented aggregate statistics.
Verified 2026-08-12 against three The Real Deal articles (dated 2015-06-29, 2023-05-16 and 2026-02-02) and the Florida Legislature’s official statute text for §553.899 (accessed 2026-08-12). No county property-appraiser or HOA-document lookup was performed for this draft — see the coverage-gap section above. Re-check before the one-year anniversary of the 2026 sale reported here, and sooner if a new Moorings sale is reported by an approved source.
The Moorings, Coconut Grove — Frequently Asked Questions
Is the Moorings in Coconut Grove or Coral Gables?
Coconut Grove. The Moorings sits in South Coconut Grove, off Main Highway, within the City of Miami — not Coral Gables.
How many homes are in the Moorings?
JSR could not independently verify an exact home count through a primary source. Brokerage and portal sites commonly cite “43,” but that figure traces back to marketing copy, not a county record or HOA filing. Buyers should confirm current parcel counts directly with the Miami-Dade County Property Appraiser.
What is the highest verified sale price in the Moorings?
$49 million, for 3301 South Moorings Way, in an off-market deal that closed in May 2023 — reported as the most expensive Miami-Dade County home sale recorded up to that point in 2023.
What was the most recent verified sale in the Moorings?
A 1929-built bayfront home at 3467 North Moorings Way sold for $16.5 million in a deal reported by The Real Deal on January 30, 2026, at just over $2,600 per square foot.
Does Florida’s condo milestone inspection law (§553.899) apply to homes in the Moorings?
No. That statute governs condominium and cooperative buildings only, and every verified property in the Moorings is a single-family home.
Is there an HOA or gate at the Moorings?
Multiple listing sources describe the enclave as gated, but JSR could not confirm HOA structure, dues or gate-operation details through a primary source. Request the association’s governing documents directly before making an offer.
Who has owned property in the Moorings historically?
Fashion and jewelry designer Paloma Picasso and her then-husband Rafael Cambil-Lopez purchased an acre lot in the Moorings for $2.5 million in 1992; the estate was later split and sold to two buyers in 2004, per Miami-Dade County property records cited by The Real Deal.
How does the Moorings compare to nearby Coconut Grove enclaves like Camp Biscayne or Hughes Cove?
All three are small, gated, low-transaction-volume South Coconut Grove pockets. None trades often enough for a reliable median price, which is why JSR covers each on verified individual sales rather than an aggregate statistic.
Sources and further reading
- The Real Deal — “Piece of Paloma Picasso’s Former Estate Trades for $8.65M” (June 29, 2015)therealdeal.com
- The Real Deal — “Waterfront Coconut Grove Mansion Sells for $49M” (May 16, 2023)therealdeal.com
- The Real Deal — “South Florida Top Real Estate Deals: Friday, Jan. 30, 2026” (February 2, 2026)therealdeal.com
- Florida Statute §553.899, Mandatory Structural Inspections for Condominium and Cooperative Buildings — Florida Legislature (accessed August 12, 2026)leg.state.fl.us
Related coverage
Part of Neighborhoods.