Coconut Grove New Developments 2026: The Complete Guide to Every New Luxury Project

Positioned one block from Biscayne Bay, the offering consists of two lots totaling 13,195 SF, with the potential to assemble with contiguous parcels for a larger-scale development play.

The site is surrounded by premier luxury towers including Missoni Baia, Bay House Miami Residences, and Onyx on the Bay, reinforcing its high-end positioning and proven absorption.

Zoned T6-36a-L, the property allows by right up to 17.9 units and 141,024 SF of buildable area, with the ability to increase density by up to 40% in FAR and 100% in unit count through Public Benefit incentives—creating a highly efficient vacant site with significant upside.

Strategically located between the Miami Design District, Midtown, Wynwood, and Downtown, the site benefits from immediate access to Miami’s primary economic and lifestyle drivers.

As of early 2026, Edgewater has experienced approximately 4%–7% year-over-year growth in residential sales price per square foot, driven by continued luxury development and strong buyer demand. This trend is expected to persist as the submarket approaches full build-out and developable land becomes increasingly scarce.