Northeast Coconut Grove Multifamily Homes & Duplexes for Sale
About Northeast Coconut Grove
Northeast Coconut Grove, a lush neighborhood in Coconut Grove, is known for its verdant canopy of palm, oak, and banyan trees, making it one of the greenest areas in the region. This historic neighborhood, dating back to 1825, features a mix of renovated Mediterranean-style homes from the 1920s and sleek, contemporary houses and condos. The area is constantly evolving, with some older homes being replaced by new mega-mansions. Residents enjoy a variety of things to do, including dining and shopping along Grand Avenue and Dixie Highway, home to the renovated CocoWalk outdoor mall. Popular eateries like Narbona and The Original Daily Bread Marketplace offer diverse culinary options. The neighborhood hosts numerous annual events, such as the Coconut Grove Arts Festival, which features art, food, and live music. Parks are abundant, with Alice Wainwright Park and David T. Kennedy Park providing playgrounds, fitness equipment, and dog parks. Northeast Coconut Grove is safer than the national average and benefits from higher elevation, reducing flood risks. The area is well-served by public transportation, including a Metrorail stop and multiple Metrobus stops, offering quick access to Downtown Miami, just 5 miles away. The neighborhood's schools are highly rated, with Coconut Grove Elementary and Coral Gables Senior High providing quality education.
Home Trends in Northeast Coconut Grove, FL
On average, homes in Northeast Coconut Grove, Coconut Grove sell after 107 days on the market compared to the national average of 47 days. The average sale price for homes in Northeast Coconut Grove, Coconut Grove over the last 12 months is $2,051,515, up 1% from the average home sale price over the previous 12 months.
Home Trends
In Northeast Coconut Grove, there are currently 15 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $819,000 to $10,750,000, there's something for every budget. As of April, 2025 the median home price in Northeast Coconut Grove, Coconut Grove is $1,799,999, while the average sale price is $2,051,515, providing insight into local market trends. On average, multi-family homes spend 107 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Northeast Coconut Grove, Coconut Grove.
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