WSJ

February 26, 2026

Why Miami’s Coconut Grove Has Become the Next Playground for Billionaires

Coconut Grove’s evolution from historic bayfront village to global luxury stronghold has captured the attention of elite buyers and real-estate observers alike. Famed for its lush tropical canopy, winding streets and deep ties to Miami’s earliest residential history, The Grove now ranks among the most sought-after neighborhoods for ultra-high-net-worth individuals seeking a blend of serenity, prestige and cultural vibrancy.