BreakThru Realty

Cost to Sell a House in Coconut Grove

Know what you would keep from your Coconut Grove sale, line by line, before you decide to sell.

Every cost a Coconut Grove seller pays at closing, what each one is, who customarily pays it in Miami-Dade County, and how to estimate what you keep.

Reviewed by Tyson E. Sam, Founder and Broker of Record, BreakThru Realty, Florida License 3565210

Selling a house in Coconut Grove has costs a seller can plan for: the Florida documentary stamp tax, title and closing charges, association estoppel fees, prorated property taxes and the brokerage commission. This page works through each one against the live Coconut Grove sold prices, so the net proceeds are not a surprise at the closing table.

Coconut Grove Market at a Glance

Updated November 8, 2026 from BeachesMLS.

Newest Coconut Grove Homes for Sale

The 30 newest homes, condos and townhomes on the market in Coconut Grove, straight from BeachesMLS. The 30 listings on this page run from $899,000 to $21,300,000, with a median of $4,050,000, about $1,339 per square foot, and they have been listed a median of 127 days.

  • The communities with the most listings here are The Well Coconut Grove (4), Vita at Grove Isle (4), Grove Isle (2), Palm Terrace (2) and Vita Grove Isle (2), 14 of the 30; the others are spread across 16 more communities.
  • By type: 20 condos, 6 townhomes and villas and 4 single-family homes.
  • Bedrooms run from 1 to 6, a median of 3; they were built between 1924 and 2028, a median of 2022, and 18 in the last ten years.
  • 4 of the 30 have a pool, and 12 are on the water.

See every Coconut Grove home for sale with map and filters.

Single-family homesCondos & townhomes
Active listings432
Median list price$4,050,000$3,581,200
Median list price per sq ft$1,270/sq ft$1,389/sq ft
Average days on market181 days143 days
Sold in the last 90 days612
Median sold price (90 days)$3,160,000$2,250,000
Sale price as % of list price99.6%97.4%
Months of inventory2 months8 months
Median sold price vs. a year ago+21.5%+80%

Source: BeachesMLS. Active listings as of November 8, 2026; sold figures cover closings in the last 90 days, compared with the same 90 days one year earlier. Not an appraisal. How these figures are calculated.

The Costs of Selling a House in Coconut Grove, in Order of Size

For most Coconut Grove sellers the list runs: the mortgage payoff, the brokerage commission, the Florida documentary stamp tax on the deed, title and settlement charges, property taxes for the part of the year you owned the home, association fees and estoppel charges where there is an association, and whatever you agree with the buyer after inspection. None of them is paid up front. They are deducted from the sale price on the closing statement, and what is left is wired to you.

Documentary Stamp Tax in Miami-Dade County

Florida charges a documentary stamp tax on every deed, customarily paid by the seller. In Miami-Dade County the rate is 60 cents per $100 of the sale price for a single family home; other property types pay an additional county surtax of 45 cents per $100. On the median Coconut Grove single family home sale of $3,160,000, the 60-cent rate comes to about $18,960. The rest of Florida pays 70 cents per $100, so a Miami-Dade single family seller pays slightly less than a seller across the county line.

Title Insurance and Closing Charges in Miami-Dade County

Who pays for the owner's title insurance policy is a matter of local custom, and it is written into the contract. In Miami-Dade County the buyer customarily chooses the title company and pays for the owner's policy, which is the opposite of most of Florida and saves a Coconut Grove seller a meaningful line on the closing statement. The seller still pays a settlement fee, the title search where the contract assigns it, a municipal lien search, and the cost of clearing anything it turns up, such as an open permit or an unpaid utility balance. All of it is negotiable, so read the contract rather than relying on custom.

Property Taxes, Association Fees and Assessments

Florida property taxes are paid in arrears, so at closing the seller credits the buyer for the taxes from January 1 to the closing date; the later in the year you close, the larger that credit. If the home is in a condominium or a homeowners' association, the association charges for an estoppel certificate showing what is owed, a fee capped by Florida statute, and any unpaid dues are settled at closing. A special assessment that has been levied but not fully paid is a negotiated item: the contract decides whether the seller pays it off or the buyer takes it over.

Repairs, Credits and Preparing the Home

After the inspection, most buyers ask for repairs or a credit. South Florida insurers care about four things, the roof, the electrical panel, the plumbing and the air conditioning, so a buyer's four point inspection tends to decide what is asked for. Knowing the roof's age and having permits closed before you list removes most surprises. Preparation costs (cleaning, paint, landscaping, staging) are optional, and we tell you which ones the Coconut Grove comparables say will come back in the price and which will not.

Taxes on the Gain, and Foreign Sellers

Florida has no state income tax, so any tax on your gain is federal. Owners who lived in the home as their main residence for two of the last five years can usually exclude up to $250,000 of gain, or $500,000 for a married couple filing jointly; investment and second homes do not qualify, which is where a 1031 exchange comes in. If the seller is a foreign person, the buyer is generally required under FIRPTA to withhold 15% of the sale price for the IRS unless an exception or a withholding certificate applies, something to plan for months before closing. This is general information, not tax advice; confirm your position with a CPA.

Estimating What You Keep

Net proceeds are the sale price less the mortgage payoff and the costs above. We prepare a written estimate for your address before you decide anything, using a valuation from matching Coconut Grove sales and the actual Miami-Dade County charges, and we put a guaranteed cash offer beside it if you want to compare a certain, as is sale with a listing. Request it with the form on this page.

Coconut Grove Costs Beyond the County Norms

Beyond commission, title and the county's deed tax, a Coconut Grove sale carries a few costs tied to the neighbourhood itself. Because the Grove is part of the City of Miami, any open or expired permits on the property must be resolved with the city, and on an older house that can mean fees, inspections and time. In a condominium, the association charges for the estoppel certificate, and a seller may be asked to credit a pending special assessment or milestone repair. On Grove Isle and in buildings with docks, transferring or selling a slip adds its own paperwork and sometimes a separate closing. A Coconut Grove house with past flooding or older roof and windows may also need repairs or credits after the buyer's inspection and insurance quote.

Selling a Coconut Grove Condo or Association Home

Selling a Coconut Grove condo means selling the building along with the unit. Buyers and their lenders will read the budget, the reserves, the milestone inspection and the structural integrity reserve study, so assemble those documents before listing rather than after an offer arrives. The association usually approves the buyer, and its timeline sets the earliest closing date. On Grove Isle, the gatehouse registration and marina rules come into play, and a slip may be conveyed with the residence or sold on its own. In the newer South Bayshore Drive towers, your resale competes with the developer's remaining inventory and other resales in the same building, so price it against those units. Disclose any assessment early; a surprise in the documents is the common way a Coconut Grove condo deal falls apart.

When Coconut Grove Sellers Close Fastest

Coconut Grove sellers tend to close fastest when buyers are in town and their paperwork is ready. Out-of-town buyers tour Miami most heavily in the winter, and some rent in the Grove first before buying, so a home listed ahead of that season meets the largest pool of buyers. A cash purchase closes on the buyer's schedule, but a condo sale still waits for the association's approval, which can take weeks. During hurricane season, insurers in Florida can pause new policies when a storm threatens, which may delay a closing that depends on a new policy. Clearing open City of Miami permits and gathering condo documents before listing removes the delays a Coconut Grove seller can control.

Recently Sold in Coconut Grove

The newest closings in Coconut Grove, with the sale price, closing date and days on market for each.

Recently sold homes in Coconut Grove

What Is Your Coconut Grove Home Worth?

Request a free valuation built on recent Coconut Grove sales, or a full comparative market analysis before you list. No fee, no obligation, and a licensed broker answers within one business day.

Cost to Sell: Frequently Asked Questions

How much does it cost to sell a house in Coconut Grove?
Apart from the mortgage payoff, a Coconut Grove seller pays the brokerage commission, the Florida documentary stamp tax on the deed, title and settlement charges, prorated property taxes, any association estoppel fee and unpaid dues, and whatever repairs or credits are agreed after inspection. Everything is deducted at closing; nothing is paid up front. We prepare a written net proceeds estimate for your address before you decide.
How much are documentary stamps on a home sale in Miami-Dade County?
In Miami-Dade County the documentary stamp tax on a deed is 60 cents per $100 of the sale price for a single family home, with an additional 45-cent surtax per $100 on other property types. On the median Coconut Grove single family home sale of $3,160,000, the 60-cent rate is about $18,960. The seller customarily pays it.
Who pays for title insurance in Miami-Dade County, the buyer or the seller?
By local custom the buyer chooses the title company and pays for the owner's policy in Miami-Dade County, as in Miami-Dade and Broward generally. In most other Florida counties the seller pays. It is a custom, not a law, so the contract controls.
Do I pay capital gains tax when I sell my home in Florida?
Florida has no state income tax, so any tax on the gain is federal. If the home was your main residence for two of the last five years you can usually exclude up to $250,000 of gain, or $500,000 for a married couple filing jointly. Second homes and rentals do not qualify. This is general information, not tax advice; confirm it with a CPA.
Do I have to make repairs before I sell?
No. You can sell as is, and the standard Florida as is contract gives the buyer an inspection period rather than a repair obligation. Repairs become a negotiation after the inspection, usually settled with a credit. If you would rather avoid showings and inspections altogether, ask us for the guaranteed cash offer and compare it with the listing estimate.

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