Why is Coconut Grove a privileged location in Miami?

Coconut Grove is Miami's oldest neighborhood and one of its most exclusive. With direct access to Biscayne Bay, tree-lined surroundings, signature restaurants and a bohemian-chic community life, it is the preferred choice for those seeking quiet luxury over Brickell's urban luxury.

Is The Well Coconut Grove an investment or a home?

The Well Coconut Grove is designed primarily as a primary or second ultra-luxury residence. For the Latin American investor seeking to combine dollar-denominated wealth with quality of life, it is an extraordinarily solid option.

From $1,400,000 USD

Coconut Grove, Miami · Estimated delivery late 2028

The Well Coconut Grove:
where wellness is
the highest form of luxury

The Well brand's first residential property in Miami. 194 boutique residences in the city's most exclusive and consolidated neighborhood, with the most sophisticated Wellness Club in South Florida.

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The Well Coconut Grove is The Well brand's first residential property in Miami, located in Coconut Grove, Miami. Developed by Terra Group, it offers 194 boutique residences with a 13,000 sq ft Wellness Club and a 40,000 sq ft rooftop, from $1,400,000 USD, with estimated delivery in late 2028. Advisory in Mexico and Latin America by Jessica Pineda, a Mexican realtor with more than 14 years of experience, an International REALTOR® Member of the National Association of REALTORS® (NAR).

01 Specifications

Project specifications

Location	Coconut Grove, Miami, Florida, USA
Developer	Terra Group
Wellness brand	The Well (global wellness luxury leader)
Project type	Boutique — Ultra-luxury wellness residences
Residences	194 boutique units
Floor plans	1, 2, 3 bedrooms + penthouses
Wellness Club	13,000 sq ft · Spa, therapeutic pools, meditation
Rooftop amenities	40,000 sq ft · Gardens, pools, contemplation
Starting price	$1,400,000 USD
Estimated delivery	Late 2028
Use	Primary residence / second home

The Well Coconut Grove — Wellness Club and luxury spa

02 Investment thesis

Wellness luxury is the fastest-growing segment of global luxury real estate

The Well Coconut Grove is not simply a luxury building with a spa. It is The Well's first residential property in Miami — a brand that has redefined wellness luxury globally. Buying here means accessing a category radically different from the conventional luxury condominium.

The wellness luxury segment has grown at rates exceeding 15% annually over the last five years, and Miami has become its North American epicenter. Coconut Grove, with its human scale, green surroundings and bay access, is the ideal neighborhood for this kind of residence — far from Brickell's pace, close to what really matters.

For the Latin American investor seeking to preserve and build dollar-denominated wealth, The Well offers something very few projects can deliver: an ultra-luxury asset in Miami's most consolidated and least replicable neighborhood, under a wellness brand that cannot be invented.

03 What makes it unique

What makes The Well Coconut Grove unique

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The Well's first residence in Miami

The Well is one of the world's most influential wellness brands, with a philosophy that integrates functional medicine, nutrition, movement and contemplation. Living at The Well means belonging to a lifestyle few residential projects in the world can offer.

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194 boutique units: real exclusivity

In a market dominated by 400-500-unit towers, The Well Coconut Grove offers only 194 residences. This boutique scale is not a limitation — it is the product itself. Fewer neighbors, more service, more privacy, more character.

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40,000 sq ft rooftop: the most generous in Coconut Grove

The 40,000 square foot rooftop amenity deck is one of the most generous offerings relative to building size in all of Miami. Gardens, pools with bay views, meditation spaces and social areas atop an architectural canvas without precedent in the area.

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Terra Group: Florida's most respected luxury developer

Terra Group is responsible for Grove at Grand Bay and other architectural landmarks in South Florida. Their presence in Coconut Grove is a guarantee of execution, quality and sustained value. Terra Group, founded in 2001, delivered Grove at Grand Bay (2015) and Eighty Seven Park (2019), among other projects in South Florida.

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Coconut Grove: Miami's most consolidated and least replicable neighborhood

Unlike Brickell or Downtown, Coconut Grove cannot be replicated. Its century-old tree-lined streets, private marina, art galleries and established community create a market where premium land supply is structurally limited — synonymous with sustained appreciation.

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Wealth and quality of life in a single asset

The Well Coconut Grove is designed for those who want a luxury second home in Miami with long-term capital appreciation. It is the right asset for those who value wellness over speculation, and solidity over immediate cash flow.

The Well Coconut Grove — 13,000 sq ft Spa and Wellness Club

The Well Coconut Grove — 40,000 sq ft rooftop with bay views

The Well Coconut Grove — Ultra-luxury wellness interiors

Coconut Grove Miami — Miami's most exclusive and tree-lined neighborhood

04 Location & lifestyle

Coconut Grove: the only Miami neighborhood where luxury has roots

Coconut Grove is Miami's oldest neighborhood and the only one where time seems to slow down. Its tree-lined streets with century-old ficus trees, private marina, art galleries and cult restaurants create an atmosphere that cannot be replicated by any new development in any other neighborhood in the city.

10 minutes from Brickell, 15 minutes from Downtown Miami and 25 minutes from the international airport. With direct access to the Coconut Grove marina and Biscayne Bay, and steps from the Vizcaya Museum and South Florida's best restaurants.

The developer

Terra Group: who develops The Well Coconut Grove

The Well Coconut Grove is developed by Terra Group, founded in 2001 by David Martin and his father, Pedro (Florida Trend, April 2025). It is a Miami developer with projects in Coconut Grove, South Beach and Edgewater.

Track record you can verify. In Coconut Grove it delivered Grove at Grand Bay (2015, 98 residences) and in Miami Beach, Eighty Seven Park (2019, 66 residences) (Florida Trend, April 2025). Five Park, the USD 1 billion, 227-unit condominium in South Beach developed with Russell Galbut, appears as completed construction (Commercial Observer, Power South Florida 2025). Florida Trend also reports USD 8 billion in projects and USD 14 billion in its pipeline. Terra is also developing Villa Miami, in Edgewater, together with Major Food Group.

How I evaluate it. For The Well, the most relevant reference is Terra's track record in Coconut Grove: the same neighborhood and the same kind of boutique product. What I follow closely is construction progress against the estimated delivery date and the financing structure. If you decide to move forward, I connect you with my team of attorneys and tax advisors before you sign. If you are looking for hotel-style service in the same area, see Four Seasons Coconut Grove.

The most singular ultra-luxury asset in Coconut Grove

The Well Coconut Grove is for a specific investor profile: those seeking dollar-denominated wealth with deep long-term value, in Miami's most exclusive neighborhood, with a life proposition centered on wellness. If that's your profile, it's worth talking.

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05 Frequently asked questions

Frequently asked questions about The Well Coconut Grove

Prices at The Well Coconut Grove start from $1,400,000 USD. As a boutique 194-unit project with a luxury wellness brand, the price-per-square-foot reflects the development's ultra-luxury positioning. Contact me for current availability and pricing.

The 13,000 sq ft Wellness Club includes a full spa, therapeutic pools, sauna and steam room, gym equipped with the latest technology, meditation space and scheduled wellness classes. The 40,000 sq ft rooftop completes the offering with gardens, pools and contemplation spaces with panoramic views.

Coconut Grove is Miami's oldest neighborhood and one of its most exclusive. With direct access to Biscayne Bay, tree-lined surroundings with century-old ficus trees, signature restaurants and a bohemian-chic community life, it is the preferred choice for those seeking quiet luxury over Brickell's urban luxury. Its premium land supply is structurally limited, ensuring sustained appreciation.

Projected delivery for The Well Coconut Grove is late 2028. Being a boutique-scale project (194 units), the construction schedule is more controlled than large supertalls, reducing the risk of significant delays.

The Well Coconut Grove is designed primarily as a primary or second ultra-luxury residence, not as a mass short-term rental product. For the Latin American investor seeking to combine dollar-denominated wealth with quality of life — or planning personal use alternated with long-term lease — it is an extraordinarily solid option.

The project is developed by Terra Group, Florida's most respected luxury developer, responsible for Grove at Grand Bay and other architectural landmarks in Coconut Grove and South Florida. Terra Group, founded in 2001, delivered Grove at Grand Bay (2015) and Eighty Seven Park (2019), among other projects in South Florida.