Coconut Grove Bayfront Villas
Waterfront townhomes on the Coconut Grove sailing corridor.
A boutique enclave of 14 bayfront townhomes on South Bayshore Drive. Three- to five-bedroom plans, private dock allocations on a shared marina, walking access to the Grove village centre and CocoWalk.
About this project
Coconut Grove is Miami's original neighborhood — Bahamian-built, oak-canopied, Bayfront-oriented. The recent CocoWalk redevelopment and the new Grove Bay restaurant cluster have pulled the village back into the city's cultural map without breaking its scale.
Bayfront Villas adds 14 townhomes with private dock allocations to the Grove sailing-residential tradition.
Why this project
- Bayfront with private dock
- Townhome typology — 3 to 5 bed
- Walking to Grove village
- 2028 delivery
Amenities
- · Private dock allocations
- · Shared marina with launch
- · Walking to CocoWalk + Grove village
- · 3-car garages
- · Roof terraces with bay views
Project specifics
- Property type
- Townhome
- Status
- Pre-construction
- Address
- South Bayshore Drive, Coconut Grove, FL 33133
- Expected delivery
- June 2028
About the builder
The architect-driven Miami developer — Park Grove, Mr. C, Five Park.
Coconut Grove, Miami, Florida · est. 2001
Terra is the Pedro Martin–led Miami developer behind Park Grove (OMA / Rem Koolhaas), Five Park Miami Beach (Arquitectonica), Mr. C Residences (Kobi Karp + Tara Bernerd), and the Coral Gables Country Club redevelopment. Architect-driven, low-volume, hold-for-quality.
Visit Terra profile →The neighborhood
Sailboats, mangroves, and Bohemia gone bougie.
Miami's oldest neighborhood. Bayfront sailing, the Vizcaya estate, CocoWalk reborn, and a quieter, greener pace than anywhere east of US-1.
Explore Coconut Grove →What's nearby
- Vizcaya Museum2.4 mi
- loanDepot Park (Marlins)3.8 mi
- Fairchild Tropical Garden4.0 mi
- Brickell City Centre4.1 mi
- Brightline MiamiCentral4.6 mi
- Crandon Park Beach5.1 mi
Before you commit, the answers most international buyers wish they'd read first.
What is FIRPTA, and how much will the IRS withhold when I sell my Miami property?
FIRPTA, the Foreign Investment in Real Property Tax Act, requires US buyers to withhold 15% of the gross sale price when buying real estate from a foreign person. You can reduce or eliminate this through a withholding certificate (Form 8288-B) filed before closing, based on your actual expected capital gain.
What is the Florida property tax cap, and how does Save Our Homes protect my Miami home?
Florida's Save Our Homes (SOH) amendment caps annual assessed-value increases at 3% (or CPI, whichever is lower) for homesteaded primary residences. Combined with the $50,000 Homestead Exemption, it's the single biggest tax shield for owner-occupants in Miami-Dade, but it does NOT apply to investment property or non-resident foreign buyers.
How does pre-construction escrow work in Florida (Section 718)?
Florida Statute 718 governs condominium pre-construction purchases. Deposits up to 10% must be held in an escrow account; additional deposits between 10% and 20% can be used by the developer with statutory disclosures. After 20% the developer can typically use funds for construction. All escrow disclosures must be in the Purchase and Sale Agreement.