Journal · Miami Pre-Construction Guides
By Josh Stein · Florida license SL3057661 · Updated 26 September 2026
Key Takeaways
- Coconut Grove has become Miami’s wellness-luxury capital: The Well, Four Seasons Private Residences, The Lincoln, OPUS and the Oppenheim-designed Ziggurat are all advancing at once.
- Presale velocity is the story — The Well broke ground in January 2026 at 50% presold, OPUS at 60%, The Lincoln at 40%, and the completed Arbor delivered over 70% presold.
- Entry pricing runs from $1.5M (The Well, The Lincoln) to $5.6M+ (Four Seasons), with boutique unit counts of 14 to 194 residences.
- Unlike the high-rise corridors, Grove zoning keeps most projects at 3–8 floors — scarcity is built into the neighborhood.
Coconut Grove spent decades as Miami’s bohemian village — great trees, great schools, sleepy real estate. That Grove is gone. What replaced it is the most consistent luxury submarket on the mainland, and in 2026 its identity is unmistakable: wellness is the product.
The Well: Wellness as the Building
Terra and AB Asset Management broke ground in January 2026 on The Well Coconut Grove (2855 Tigertail Avenue) — 194 residences over 8 floors, from $1.5M, delivering around late 2028. It broke ground already 50% presold, and a construction permit of roughly $164.5M was issued in July 2026. This is the wellness brand The Well’s residential play: a bathhouse, hyperbaric chambers, even a crystal cave. Whatever you think of crystal caves, presales tell you the market has voted.
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Four Seasons Private Residences: the Grove’s Price Ceiling
At 2699 South Bayshore Drive, the Four Seasons Private Residences Coconut Grove — a standalone residential project, no hotel attached — is selling 70 residences over 20 floors: two-bedrooms from about $5.6M, three-bedrooms from $8.1M, four-bedrooms from $12.1M, with delivery estimated 2027 and $323.8M in construction financing closed. Design is by Revuelta with interiors by Michele Bönan, including a Roman-bath-style thermal circuit. This is the building that sets the Grove’s new ceiling.
The Boutique Layer
The Lincoln (2650 Lincoln Avenue, LORE + Element): 48 residences over 8 floors from $1.5M — broke ground July 2026 at 40% presold, delivery around Q3 2028. OPUS Coconut Grove (3137 SW 27th Avenue, META Development): just 14 family-scale residences of 3–4 bedrooms over 6 floors, from $2.8M — broke ground April 2026 at 60% presold, delivery 2027. Ziggurat (3101 Grand Avenue): a 19-residence stepped "campus" by Oppenheim Architecture with a $138.5M construction loan secured, targeting 2027. And Arbor (3034 Oak Avenue) already delivered — completed in March 2026, more than 70% presold.
Why the Grove Keeps Winning
The fundamentals have not changed in thirty years: the best school cluster in Miami, a real tree canopy, bayfront parks and marinas, and a walkable village core. What changed is supply discipline — Grove zoning keeps most new projects at 3–8 floors, so every new building is boutique by law, not by marketing. When 14-unit and 48-unit projects break ground half-presold, that is demand meeting a structurally capped pipeline.
My Honest Take
The Grove is the safest luxury bet on the Miami mainland, but you pay for that safety — $1.5M entry pricing for an 8-floor mid-rise is real money, and wellness amenities add HOA cost that not every owner will use. If bay views per dollar matter more to you than tree canopy, compare against Edgewater and Brickell in my full 2026 pre-construction pipeline guide. If you are torn between a Grove condo and a house, the waterfront homes guide covers the trade-offs. Or just ask me directly — I will tell you which of these buildings I would actually buy.
Coconut Grove Pre-Construction FAQ
What new condos are being built in Coconut Grove in 2026?
The Well (194 residences, from $1.5M), Four Seasons Private Residences (70 residences, from $5.6M), The Lincoln (48 residences, from $1.5M), OPUS (14 residences, from $2.8M) and the Oppenheim-designed Ziggurat (19 residences). Arbor completed in March 2026.
How much does a new condo in Coconut Grove cost?
Boutique projects start around $1.5M; the Four Seasons Private Residences run from about $5.6M for a two-bedroom to $12.1M+ for a four-bedroom.
Why are Coconut Grove presales so strong?
Capped building heights keep supply structurally scarce while demand from families and wellness-focused buyers keeps rising — The Well broke ground 50% presold, OPUS 60%, and the completed Arbor delivered over 70% presold.
When do these Coconut Grove projects deliver?
OPUS, Ziggurat and Four Seasons target 2027; The Lincoln and The Well target 2028. Pre-construction dates shift — verify current status before signing.
How has your building held its value? The Miami Condo Index ranks Miami condo buildings by their county sale records: real price per square foot, turnover and four-year change.