By Elizabeth Costa | Top Real Estate Agent in Doral & Miami | The Keyes Company
15+ years of experience · 300+ closed transactions · Bilingual: English & Spanish
Exclusive Member of Forbes Global Properties · Founding Member of Luxury Portfolio International
Last updated: October 9, 2026
Is Coconut Grove or Coral Gables more expensive?
Coconut Grove. In my Miami-Dade MLS sample of single-family closings from July 13 to October 7, 2026, Coconut Grove homes sold at a median of $3,225,000 ($1,188 per sq ft) and Coral Gables homes at $2,140,000 ($941 per sq ft). Coral Gables had nearly twice as many sales, more homes under $2 million, and a higher share of waterfront closings (11% vs 5%), including Sunrise Harbour and Cocoplum.
How this guide defines each area: Coral Gables means single-family homes with Coral Gables as the city in the MLS, in any ZIP code. Coconut Grove means single-family homes in ZIP 33133 that are in the City of Miami, not Coral Gables, excluding the Silver Bluff subdivisions north of the Grove. ZIP 33133 alone is not Coconut Grove: it also includes Coral Gables enclaves such as Sunrise Harbour and Sans Souci, so those sales count as Coral Gables here.
In This Guide
Coconut Grove and Coral Gables share a border, and buyers often tour both in the same weekend. They are different markets: Coconut Grove is a neighborhood of the City of Miami, and Coral Gables is its own city with its own rules, taxes, and permitting.
I am Elizabeth Costa, a Realtor with The Keyes Company. I updated this comparison with a new Miami-Dade MLS export and a stricter definition of each area, because ZIP code 33133 mixes both. For live inventory, see my Coconut Grove homes for sale and Coral Gables homes for sale pages.
Coconut Grove vs Coral Gables by the Numbers
Single-family homes, closings from July 13 to October 7, 2026. Active and pending counts are as of the export date.
| Single-family homes | Coconut Grove | Coral Gables |
|---|---|---|
| Closed sales | 44 | 81 |
| Median sale price | $3,225,000 | $2,140,000 |
| Middle half of sales (25th to 75th percentile) | $2.33M to $5.10M | $1.30M to $3.50M |
| Median price per sq ft | $1,188 | $941 |
| Median living area | 3,160 sq ft | 2,040 sq ft |
| Median days on market | 67 | 33 |
| Median sale-to-list ratio | 94% | 95% |
| Closings paid in cash | 68% (30 of 44) | 56% (45 of 81) |
| Waterfront closings | 5% (2 of 44) | 11% (9 of 81) |
| Closings with a pool | 64% | 52% |
| Median year built | 1988 | 1955 |
| Built 2024 or later | 9 of 44 | 3 of 81 |
| Median current annual tax | $23,000 | $15,752 |
| Active listings | 33 | 70 |
| Pending sales | 26 | 47 |
| Months of inventory | 2.1 | 2.4 |
Note: these figures come from my MLS sample and will not match monthly reports from other sources or periods.
Price and Inventory
The median Coconut Grove sale was about 51% higher than in Coral Gables, and about 26% higher per square foot. Part of the gap is size: the median Coconut Grove home that sold had about 3,160 sq ft of living area, compared with about 2,040 sq ft in Coral Gables.
- Entry point: 36 of 81 Coral Gables closings were $2 million or less, compared with 7 of 44 in Coconut Grove.
- Above $5 million: similar counts in both, 11 in Coconut Grove and 12 in Coral Gables.
- Pace: Coral Gables homes sold faster, with a median of 33 days on market versus 67, and both areas closed at about 94% to 95% of list price.
- Cash: 68% of Coconut Grove closings and 56% of Coral Gables closings were cash. My Coral Gables cash buyers guide explains what that means for financed offers.
With about 2.1 to 2.4 months of inventory, both markets remained tight in this period.
Waterfront: Why ZIP Codes Mislead
Many comparisons treat ZIP 33133 as Coconut Grove. That puts the bayfront enclaves of Sunrise Harbour and Sans Souci, which have Coral Gables addresses, on the Grove side, and it leaves out Coral Gables waterfront in other ZIP codes, such as Cocoplum and Coral Bay.
When each sale is assigned to its city, the picture changes: 9 of 81 Coral Gables closings were waterfront, compared with 2 of 44 in Coconut Grove. If waterfront is a must, include Coral Gables enclaves in your search. My Miami waterfront homes guide covers what to check, including the FEMA flood map for each property.
Top Closings in Each Area
| Coconut Grove top closings | Price | Notes |
|---|---|---|
| Kiaora St, Cleveland Park | $22,500,000 | Built 2024 |
| Stewart Ave, Entrada | $10,480,000 | Built 1953 |
| Onaway Dr, Natoma Manors | $9,700,000 | Built 2026 |
| Abaco Ave, King Park | $9,500,000 | Built 2026 |
| Bayshore Villas Dr, Bayshore Villas | $8,100,000 | Waterfront |
| Coral Gables top closings | Price | Notes |
|---|---|---|
| Sunrise Dr, Sunrise Harbour | $13,000,000 | Waterfront |
| Costanera Rd, Cocoplum | $10,500,000 | Waterfront |
| Costanera Rd, Cocoplum | $8,920,000 | Waterfront |
| Los Pinos Blvd, Cocoplum | $8,050,000 | Built 1990 |
| Sunrise Pl, Sunrise Harbour | $8,050,000 | Waterfront |
Three of the top five Coconut Grove closings were homes built in 2024 or later. Four of the top five in Coral Gables were waterfront.
The Homes: Age, Size, and Rules
- Coconut Grove: a mix of older homes under a mature tree canopy and new construction. 9 of the 44 closings were built in 2024 or later. Much of the Grove is a City of Miami Neighborhood Conservation District, so demolition and many renovations need tree surveys and Planning Department review.
- Coral Gables: an older housing stock, with a median year built of 1955, including Mediterranean Revival homes from the 1920s. Exterior changes go through the City of Coral Gables review process. Check the City of Coral Gables before planning work.
- Associations: most closings in both areas had no HOA fee (about 9% of Coconut Grove and 6% of Coral Gables listed one). Gated enclaves such as Cocoplum do have an association.
- Taxes: the median current tax was $23,000 in Coconut Grove and $15,752 in Coral Gables. These are the seller's taxes. Your bill resets after purchase, so see my homestead and portability guide.
To confirm which city a property is in, look up its folio on the Miami-Dade Property Appraiser: folios starting with 01 are City of Miami, and folios starting with 03 are Coral Gables.
How to Decide
- Set your price range. Under $2 million, Coral Gables had far more closings in this sample.
- Decide whether waterfront is a must, and include Coral Gables enclaves if it is.
- Choose between newer construction and an older home you may renovate.
- Check the city for each property, since taxes, permits, and design review differ.
- Review the flood zone, elevation, roof, and insurance quote before you offer.
- Tour homes in both areas at the same price point.
For the full process, see the buyer's guide, my guide to buyer closing costs in Miami-Dade, and how buyer agent agreements work in Florida.
For Sellers in Either Area
Price against sales in your own city and enclave, not the whole ZIP code. A Sunrise Harbour home and an inland Grove home share ZIP 33133, but they are different markets. Request a free home valuation with comparables from the right area.
Methodology
- Source: Miami-Dade MLS exports of single-family homes (mobile homes excluded), closings from July 13 to October 7, 2026, plus active and pending listings at the time of export.
- Coral Gables: listings with Coral Gables in the MLS city field, in any ZIP code. A few properties in ZIPs 33156 and 33158 have Coral Gables addresses; confirm the municipality for any specific home on the Property Appraiser site.
- Coconut Grove: listings in ZIP 33133 that are in the City of Miami (not marked Coral Gables), excluding 13 closings in Silver Bluff, South Bay Estates, Stuart Terrace, The Pines, Victory Homesites, Crowell, and Citrus Park subdivisions.
- Cleanup: duplicate MLS records were removed. Two Coral Gables public-record sales without listing data count toward price but not toward days on market or sale-to-list ratio.
- Months of inventory: active listings divided by the average monthly closings in the period.
Related Research
- Coconut Grove Homes for Sale
- Coral Gables Homes for Sale
- Pinecrest, FL Homes for Sale
- Coral Gables Cash Buyers 2026
- Doral vs Coral Gables Luxury Real Estate
- Buying Luxury Real Estate in Miami
Frequently Asked Questions
Coconut Grove or Coral Gables? Tour Both With Me.
Tell me your price range and must-haves. I will line up homes in both areas, confirm the city for each one, and walk you through taxes, permits, and insurance. Bilingual EN/ES service.
Call or Text (786) 949-3971The Keyes Company · Exclusive Member of Forbes Global Properties · Founding Member of Luxury Portfolio International
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Serving Doral, Miami, Coral Gables, Weston, Pinecrest, and surrounding South Florida communities
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Elizabeth Costa, Realtor | FL Lic. #3234205 Top Real Estate Agent in Doral, Florida | The Keyes Company ☎ (786) 949-3971 ✉ elizabethcosta@keyes.com 📅 Schedule a private consultation 15+ years · 300+ closed transactions · Bilingual EN/ES Office: 4191 NW 107th Ave, Doral, FL 33178 Serving Doral, Miami, Coral Gables, Weston, Pinecrest, and surrounding South Florida communities The Keyes Company: Exclusive Member of Forbes Global Properties · Founding Member of Luxury Portfolio International |
This article is general real estate information, not legal, tax, or insurance advice. Figures come from a Miami-Dade MLS sample and change over time. Confirm the municipality, taxes, and flood zone for each property.