1870 S Bayshore Dr, Miami, FL 33133

Exquisite Coconut Grove Estate: A Historic Jewel on Biscayne Bay

1870 S Bayshore Dr, Miami, FL 33133

Asking Price: $3,360,000

Step into a piece of Miami’s rich history with this magnificent 5-bedroom, 3-bathroom single-family home located at 1870 S Bayshore Dr in the highly coveted Coconut Grove. Built in 1924, this expansive 4,611 sqft residence sits on a generous 0.36-acre (15,625 sqft) lot, offering an unparalleled blend of classic charm, luxurious living, and exceptional potential in one of Miami’s most prestigious neighborhoods.

A Legacy of Luxury: This historic estate, with its concrete block construction and Bahama/Ceramic Tile roof, has been meticulously maintained, reflecting the timeless elegance of its era. While the exact details of its interior features are not explicitly detailed, homes of this caliber in Coconut Grove typically boast grand living spaces, high ceilings, intricate architectural details, and lush tropical landscaping. The property last sold in 1997 for $574,000, and its current asking price of $3,360,000 reflects the significant appreciation and desirability of prime Coconut Grove real estate. Redfin estimates the home’s value at $4,263,740, and Zillow’s Zestimate is $4,177,000, suggesting potential for immediate equity.

Coconut Grove: The Epitome of Miami Luxury: Coconut Grove is renowned for its unique charm, lush tree-lined streets, and vibrant bohemian atmosphere. It is Miami’s oldest continuously inhabited neighborhood and a highly sought-after address for high-net-worth individuals, attracting buyers from across the U.S. and internationally. The area offers a sophisticated yet relaxed lifestyle, with top-rated dining, luxury boutiques, art galleries, and an abundance of green spaces and bayfront parks along Biscayne Bay. Waterfront properties and those on expansive lots, like this one, are particularly in high demand.

The luxury real estate market in Coconut Grove remains robust. While Q1 2025 saw a slight dip in median sales price (-6.9% year-over-year for luxury condos in the combined Coral Gables and Coconut Grove market), sales volume increased by 7.8% year-over-year, and the 12-month sales trendline has been positive for eight consecutive quarters. The average price per square foot for closed luxury homes in Coconut Grove was around $957/sqft in the last six months, and the median price for active listings is $2,479,500. This property’s price per square foot is approximately $728, which could be attractive given the market’s trends.

Unbeatable Location & Lifestyle: Located directly on South Bayshore Drive, residents will enjoy easy access to the waterfront and the serene beauty of Biscayne Bay. The home is close to top-rated schools like Coconut Grove Elementary and Coral Gables Senior High, as well as prestigious amenities, including the soon-to-be-completed Four Seasons Residences and other new luxury developments. Miami’s vibrant cultural scene, major business districts, and international airport are all within easy reach, solidifying Coconut Grove’s status as a premier global hotspot for luxury living.

Key Features:

• 5 Bedrooms / 3 Bathrooms
• 4,611 sqft of historic living space
• Built in 1924, offering timeless architectural character
• Generous 0.36-acre (15,625 sqft) lot with ample outdoor space
• Concrete block construction with Bahama/Ceramic Tile roof
• Located in the prestigious Coconut Grove neighborhood
• High-demand area with strong long-term appreciation potential
• Proximity to Biscayne Bay, top-rated schools, luxury amenities, and Miami’s cultural hubs.
• Features a pool. (based on Redfin data)
• Note: Property has an “Extreme” flood risk, “Extreme” heat factor, and “Extreme” wind factor. Buyers should conduct thorough due diligence regarding these environmental risks.

This rare offering at 1870 S Bayshore Dr presents a unique opportunity to acquire a significant piece of Miami’s past, present, and future. Whether you envision restoring this grand estate to its full glory, or seeking a prime investment in a continuously appreciating market, this property offers unparalleled potential.

Contact us today for a private viewing and to discover the endless possibilities of this remarkable Coconut Grove residence.