Buyers Are Flocking to This Once-Overlooked Florida Enclave for a Simple Reason

If you’ve got millions to drop on a Miami house, you want to be on the beach, right? Not necessarily, say experts. The elite are beginning to shun beach towns for a neighborhood that offers an increasingly in-demand perk—walkability.

“Walkability is the biggest selling tool right now,”Lourdes Alatriste, of Douglas Elliman, tells Realtor.com®. “In Coconut Grove, there are houses I couldn’t sell a few years ago for $10 million, that now are selling for $30 million. It’s because of the walkability, especially to Cocowalk.”

Cocowalk, revamped in 2021, is an old-style village square in the marina-dominated neighborhood, bursting with independent boutiques, artisan vendors, family-owned restaurants, and lush gardens…

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