Ultrawealthy buyers, including Larry Page and Ken Griffin, have recently invested over $100 million in properties in Coconut Grove, a neighborhood in Miami that has transformed from a quiet bohemian enclave into an emerging playground for billionaires. Once relatively obscure outside of Miami, Coconut Grove is now gaining national attention for its seclusion and charm, boasting large banyan trees and winding streets, making it an appealing alternative to more well-known hotspots like Miami Beach and Indian Creek. The area’s allure is highlighted by its small gated communities, which real estate agents note were largely familiar only to locals until recently.
Coconut Grove transforms into billionaire’s playground with over $100M in sales
