April 2026 was Coconut Grove's strongest month of the year so far. Thirty closings, $112.1 million in total sales volume, two ultra-luxury closings above $10 million, and nine new construction sales. The Grove is heading into the late spring buying window with real momentum. Here is the full breakdown of what closed, where it traded, and what it means for buyers and sellers.
April by the Numbers
Coconut Grove logged 30 closings in April 2026, the highest monthly total of the year. That is up from 25 closings in March, 21 in February, and 20 in January. Total dollar volume reached $112.1 million, with an average sale price of $3.74 million and a median of $3.075 million. The average price per square foot landed at $1,043, with average days on market at 121.
Sales ranged from $1.1 million for a 3-bedroom home in West Grove to $12.6 million for an architect-designed estate by Jorge L. Hernandez at 3701 Park Avenue. Year-to-date through April, Coconut Grove has produced 96 closings.
The Two Stories of Days on Market
April produced one of the cleanest illustrations of the Coconut Grove market thesis we have seen all year. The thesis is simple: price the home right and it sells fast, sometimes above ask. Price it wrong and you sit until the cure becomes a meaningful discount.
On the fast side, 2550 Trapp Avenue closed in 3 days at full asking price. 4125 Poinciana Avenue closed in 5 days. 1648 Nocatee Drive in North Grove closed in 7 days at $2.685 million on a $2.65 million list, the kind of over-asking outcome the village still produces when pricing meets demand. 3273 Matilda Street closed in 19 days for $1.5 million on a $1.45 million list, also above ask.
On the long side, six properties that had been sitting eventually cleared. 4090 Hardie Avenue at 659 days on market. 3551 East Glencoe Street at 486 days. 2850 Natoma Street at 297 days. 4110 Park Avenue at 256 days. 2000 South Bayshore Drive Unit 47 at 243 days. 4050 Hardie Avenue at 226 days. The average price reduction across these long-DOM closings was meaningful, often $150,000 to $450,000 below original list. Pricing rules the Coconut Grove market more than any other single factor.
Ultra-Luxury Activity Above $10 Million
Two ultra-luxury closings stood out in April. The first was 3701 Park Avenue, an architect-designed 6,707 square foot estate by Jorge L. Hernandez built in 2025 and sold for $12.6 million after 132 days on market. The second was 4280 Ingraham Highway, a 7,291 square foot tropical-modern estate by Simon Bissu and Luxom Developments built in 2026 and sold for $11.4 million after just 37 days on market.
Two $10 million-plus closings in a single month is a meaningful signal. The ultra-luxury segment continues to attract serious capital from relocating high-net-worth families and ultra-high-net-worth buyers building or rebuilding in the Grove.
New Construction Closings Accelerated
April produced nine new construction closings in Coconut Grove, up from five in February and three in March. This is the strongest month for new construction sales we have logged this year. Notable new builds included the Hernandez and Bissu estates above $11 million, plus 4081 Hardie Avenue at $5.79 million (2026 build), 4110 Park Avenue at $5.3 million (2025 build), 2330 Overbrook Street at $4.5 million (Luigi Vitalini, 2025 build), and the LEED Platinum townhouse at 3119 Plaza Street at $1.9 million. We covered the full pipeline in our recent Coconut Grove new construction pipeline guide.
