This $45 Million Coconut Grove Penthouse Comes With a Rooftop Pool

Coconut Grove’s luxury market has become increasingly difficult to ignore. Over the past year alone, billionaires, tech founders, and hedge fund executives have poured hundreds of millions into the leafy neighborhood, transforming the once-bohemian enclave into one of the country’s most closely watched ultra-prime real estate markets.

Now, a massive penthouse inside the 32-story Grovenor House, one of the neighborhood’s most prestigious addresses, is entering the conversation with a $20.9 million price tag. The five-bedroom residence spans roughly 11,800 square feet and features a private rooftop pool overlooking Biscayne Bay and the Miami skyline.

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Unlike many newer Miami condos that lean heavily on minimalist white-box interiors, this residence feels notably warmer and more richly detailed. Hardwood floors, intricate ceiling treatments, custom millwork, and full-height walls of glass run throughout the home. Wraparound terraces expand the living space, while a sculptural wood-and-glass spiral staircase leads to a rooftop retreat complete with an infinity-edge pool, lounge areas, and a summer kitchen.

The apartment, listed by Saddy Abaunza Delgado of ONE Sotheby’s International Realty, also features a temperature-controlled wine cellar with space for more than 300 bottles, a custom chef’s kitchen, private elevator access, automated shades, and smart-home technology. Downstairs, residents of Grovenor House have access to an array of perks, including a bayfront pool, spa, fitness center, tennis court, concierge services, and landscaped meditation gardens shaded by banyan trees.

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The fintech exec-worthy penthouse arrives as Coconut Grove continues its ascent into one of Miami’s most expensive enclaves. Earlier this year, Google co-founder Larry Page began assembling a waterfront compound through a string of acquisitions totaling more than $188 million. The centerpiece is Banyan Ridge, a 4.5-acre estate on Biscayne Bay that he purchased for $101.5 million, followed by two neighboring properties that together created a sprawling private enclave with multiple homes and a private marina. 

Meanwhile, billionaire Ken Griffin paid $106.9 million in 2022 for philanthropist Adrienne Arsht’s waterfront estate, setting what was then a Miami-Dade County residential sales record. The hedge fund manager has since amassed an enormous South Florida footprint. In Palm Beach, he has spent years assembling roughly 25 acres of ocean-to-lake property along Billionaires Row, where he is reportedly developing a sprawling megamansion that could eventually be worth as much as $1 billion. He has also spent another $169 million assembling multiple parcels on Miami Beach’s ultra-exclusive Star Island.

Click here to see more photos of the Coconut Grove penthouse.