Coconut Grove’s Newest Luxury Boutique Residences Are 50% Sold Preconstruction

A Miami developer is focusing on a concept it's calling "Go Boutique" living.

"After nearly two decades of building throughout Miami, we’ve watched the market evolve," Andrew Rasken, CEO of META Development, tells Realtor.com®.

He says local buyers "are not interested in the status quo large-scale offerings. They want something that feels curated, intentional, and livable in every aspect."

It's now officially broken ground on OPUS Coconut Grove, a boutique luxury residence in one of Miami’s most storied neighborhoods.

"OPUS redefines the next era of residential development, where intimacy is the best amenity," says Rasken. "With OPUS, layouts align more closely with single-family living than with condominium life, and residents live within the discreet community."

What OPUS is all about

The project has secured a $28 million construction loan from Arixa Capital and is slated for completion in 2027.

“Breaking ground on OPUS is a meaningful milestone for our team and a reflection of where the market is heading,” says Rasken. “There is a growing shift toward residences that feel more personal, more intentional, and more connected to their surroundings. Buyers are becoming increasingly discerning, prioritizing design, scale, and privacy over sheer volume. OPUS responds to that shift in a way that feels both current and enduring.”

The project was designed by architect Kobi Karp, who also designed a Miami Beach condo once owned by tennis star Caroline Wozniacki and former NBA star David Lee.

Interiors were designed by Brazilian designer João Armentano, whose notable projects include Sao Paulo’s Hotel Unique and the Hotel Carmel Taíba in Ceará.

Sales and marketing for the project are exclusively led by The Nicolas Group at SERHANT.

Pricing starts around $3 million, and the building is now more than 50% sold.

According to The Nicolas Group at SERHANT., demand has been driven by purchasers seeking privacy, scale, and a more considered alternative to traditional high-rise living.

“We’re incredibly excited to bring one of the most boutique and exclusive new developments to Coconut Grove,” says Angel Nicolas, founder and principal of The Nicolas Group at SERHANT.

“The location is exceptional, and Kobi Karp’s architecture captures a true tropical-modern sensibility, elevated through thoughtful detailing and refined finishes. Elements like the integrated planters enhance the indoor-outdoor flow, which is so essential to the Grove’s way of living.”

Nicolas recently represented Barstool Sports President Dave Portnoy when he purchased a Florida Keys compound for $27.75 million.

About the residences

OPUS is a limited-edition collection of 12 residences and two penthouses, designed to offer the spaciousness and comfort of a single-family home within an intimate vertical environment.

Residences start at approximately 1,900 square feet, offering generous layouts with corner units showcasing wraparound terraces that enhance a seamless indoor-outdoor connection.

Amenities include a rooftop pool and a 4,300-square-foot sundeck, a fitness center with sweeping views of the city and bay, and a spa featuring sauna and steam rooms.

Additional offerings include private business suites, a children’s playroom, and a selection of indoor and outdoor lounges designed for intimate gatherings, complete with a kitchen and barbecue area.

“Coconut Grove has always attracted buyers who value character, authenticity, and a more residential way of living,” says Ale Alfonzo, co-founder and president of The Nicolas Group at SERHANT.

“OPUS builds on that foundation, offering the scale and comfort of a single-family home within a boutique building of 14 residences. It’s a more intentional form of luxury, one that prioritizes space, privacy, and ease of living, which is becoming increasingly rare in today’s market.”

About Florida's Coconut Grove

Coconut Grove—known as "the Grove"—has become one of Miami’s most desirable enclaves largely because it blends laid-back charm with everyday convenience.

In March 2026, the median listing price in Coconut Grove was $2,399,250, which was more than double the September 2019 median price of $1.0 million, according to Realtor.com data.

Unlike the flashier beachfront areas, the Grove offers a walkable, village-like atmosphere where residents can stroll to cafes, boutiques, parks, and schools. Anchored by destinations like Cocowalk, the neighborhood feels lively yet intimate, with tree-lined streets, marinas, and a strong sense of community.

The area’s bohemian vibe, combined with proximity to downtown Miami, attracts both families and affluent buyers seeking a more grounded, livable environment.

As demand for walkability and community continues to grow, Coconut Grove stands out as a place where luxury is defined not just by the home itself, but by the lifestyle just outside the front door.