THE WELL Coconut Grove: Pricing & Floor Plans Guide

Unit pricing at THE WELL Coconut Grove spans the $700s through $5M+ for penthouses, with over 194 residences across seven typologies. Understanding the pricing structure and floor plan layout is essential before committing. Here's a detailed breakdown of every unit type, square footage, current pricing, and what influences cost.

Pricing Summary by Unit Type

THE WELL offers diversity in price points and layouts. Here's the current pricing snapshot:

Pricing Per Square Foot Analysis

THE WELL ranges from $1,550/SF to $2,200/SF depending on unit size, location, and view. This is competitive within Coconut Grove luxury market. For comparison:

• Four Seasons Coconut Grove: $1,800–$2,300/SF (premium luxury, established brand)
• Standard Coconut Grove Luxury Condos: $1,400–$1,700/SF (no major brand differentiation)

THE WELL's pricing reflects the wellness amenity package, Arquitectonica design, and Meyer Davis interiors. You're paying for differentiation, not just a standard high-rise.

Studio Residences: Entry-Level Pricing

Studios represent THE WELL's most accessible price point. Ranging from 400–490 SF at $700K–$850K, they're popular with first-time buyers and investors.

Layout & Features

• Open-plan living and sleeping area with defined zone separation
• Full kitchen with island counter space
• Ensuite bathroom with premium finishes (Dornbracht fixtures, porcelain tile)
• Balcony or patio (size varies by floor and orientation)
• Smart home integration: lighting, temperature, security
• Access to all 40,000 SF rooftop wellness amenities

Investment Potential

Studios generate strong rental income. Short-term vacation rentals in Coconut Grove average $2,500–$3,500/month depending on season. At 50% occupancy, a $750K studio generates ~$75,000 in annual rental revenue, or 10% gross yield. This makes studios attractive for investors seeking monthly cash flow.

1-Bedroom Residences: The Workhorse

The most popular category. 1-bedrooms range from 590–850 SF (with den options) at $950K–$1.4M.

Floor Plan Variations

• Classic 1-Bedroom: 590–700 SF. Separate bedroom and living room, efficient layout. Entry-level 1BR pricing.
• 1-Bedroom + Den: 750–850 SF. Den is flexible — office, guest room, or fitness studio. Command 10–15% premium over classic 1BR.

Pricing by Orientation

Bay views and water-facing units command premiums:

• Inland-facing (city/street view): $950K–$1.1M
• Partial bay view: $1.15M–$1.25M
• Direct bay/water view: $1.3M–$1.4M (20–40% premium over inland)

Corner units with wraparound terraces add $50K–$150K depending on size and view quality.

Why 1-Bedrooms Dominate

1-bedrooms offer the sweet spot: affordable entry into luxury ($950K starter price), strong rental potential, and flexibility. They appeal to young professionals, downsizers, and investors alike. Typically, 40–50% of THE WELL's inventory is 1-bedroom.

2-Bedroom Residences: Family & End-User Appeal

2-bedrooms range 900–1,200 SF at $1.5M–$2.1M. This is the family residence category.

Layout Standards

• Dedicated primary suite with ensuite bathroom and walk-in closet
• Secondary bedroom (typically smaller, guest or child's room)
• Separate living room, dining area, and kitchen
• 1.5–2 bathrooms depending on layout
• Balcony/patio access from primary suite and living areas

Pricing Drivers

2-bedroom pricing is influenced by:

• Bedroom size — primary suites vary 200–300 SF; secondary 150–200 SF
• Bathroom count (2 full bathrooms command 5–10% premium over 1.5)
• View quality (bay-facing adds 30–40% to price)
• Floor level (higher floors = higher pricing, 2–3% per 10 floors)
• Amenity proximity (units near pool/wellness clubs add value)

A mid-floor, inland-facing 2-bedroom runs $1.5M–$1.7M. The same unit with bay views: $2M–$2.1M.

3-Bedroom Residences: Spacious Living

3-bedrooms span 1,400–1,800 SF at $2.3M–$3.2M. These are spacious residences for families or owners who want dedicated home offices.

Typical Layout

• Large primary suite with spa bathroom and walk-ins
• Two additional bedrooms (often one en-suite)
• Generous living and dining rooms
• Chef's kitchen with island seating for 4–6
• 2–2.5 bathrooms
• Multiple balcony/patio areas
• Total floor area 1,400–1,800 SF

Buyer Profile

3-bedrooms appeal to established families and retirees who want Miami luxury but don't need penthouse-scale. Rental potential is lower than smaller units (renters often seek 1-2BR), but owner-occupancy rates are high.

4-Bedroom Penthouses: The Crown Jewels

Limited inventory. Typically 2,200+ SF at $4.5M–$5.5M+.

Features

• Expansive primary suite with spa bathroom, sauna, walk-ins
• Three generous secondary bedrooms, most en-suite
• Double-height great room and chef's kitchen
• Multiple terrace areas with 360-degree views
• Private rooftop access in some units
• Concierge-level finishes and personalization

Penthouse pricing reflects scarcity (typically 5–10 units total), unobstructed views, and the psychological premium of "top of the building." A bay-view penthouse is a lifestyle statement, not just real estate.

Lofts: Industrial Chic

Lofts range 1,000–1,400 SF at $1.3M–$1.9M. Double-height ceilings, open-plan living, and minimal walls define the aesthetic.

Appeal

Lofts attract creative professionals, artists, and buyers seeking non-traditional layouts. The open concept allows total customization — add walls, design a two-level office, create a workshop. They're rarer in the Miami market, so they appeal to buyers seeking distinctiveness.

Townhomes: Ground-Level Living

Townhomes span 1,600–2,000 SF at $2.1M–$2.8M. These are ground-level residences with private entry and patio — ideal for families, pets, and those seeking a house-like experience within a luxury building.

Key Advantages

• Private entrance — no need to pass through common areas
• Private outdoor patio/garden space
• Ideal for families with young children (patio play space)
• Pet-friendly design with direct outdoor access

What Influences Price Beyond Unit Type

View Quality

Bay and water views command 25–40% premiums. The hierarchy:

• Inland-facing: baseline price
• Partial water view: +15–20%
• Direct bay view: +25–35%
• Corner with wrapped views: +35–45%

Floor Level

Higher = higher price. Lower floors are quieter and closer to lobbies. Upper floors (15+) command 2–3% premiums per 10 floors. Penthouse levels command the highest premiums.

Orientation

East-facing units catch morning light; west-facing are sunset-oriented. South-facing maximize views; north-facing minimize glare but receive less direct sun. Preference varies by buyer.

Proximity to Amenities

Units adjacent to the wellness campus or rooftop command modest premiums (+$25K–$50K). Buyer preference for noise and activity varies — some love the energy; others prefer quiet corners.

Deposit Structure Explained

Payment Schedule

• 10% at contract signing (holds the unit)
• 10% at groundbreaking (typically 30–60 days later)
• 10% at vertical pour/structural completion
• 10% at 90-day mark post-vertical pour
• 10% at top-off (roof reached)
• 50% at closing (final payment, receive keys — estimated 2027)

Total before closing: 60% due in deposits. The 50% final payment comes once the unit is complete and you're ready to take possession.

What's Included vs. Upgrades

Standard finishes included:

• Sub-Zero and Wolf appliances
• Engineered quartz countertops
• Dornbracht plumbing and fixtures
• Porcelain tile flooring
• Smart home lighting and temperature control
• Balcony/patio finishes

Common upgrades (cost $50K–$300K+):

• Premium natural stone (marble, granite, limestone)
• Expanded kitchen islands and custom cabinetry
• Upgraded bathroom fixtures and soaking tubs
• Smart home automation packages (door locks, security, audio)
• In-unit sauna and steam shower
• Balcony expansion and premium outdoor furnishings
• Premium hardwood or wider-plank flooring

Discuss upgrades during the sales process. Some can be added pre-construction; others come post-closing via third-party contractors.

Comparing THE WELL to Coconut Grove Competitors

THE WELL vs. Four Seasons Coconut Grove

• Pricing: THE WELL starts $700s; Four Seasons starts $900s+
• Amenities: THE WELL emphasizes wellness programming; Four Seasons emphasizes service and luxury brand
• Appeal: THE WELL for health-focused buyers; Four Seasons for classic luxury seekers
• Rental Potential: THE WELL studios/1BRs stronger; Four Seasons higher-end stronger

THE WELL vs. Standard Coconut Grove Condos

THE WELL commands a 10–15% premium over generic luxury buildings due to brand differentiation, Arquitectonica design, and wellness amenities. You're paying for distinctiveness and community experience.