Wealthy transplants are no longer just buying security \u2013 they are buying history. Tucked behind the lush, designer landscaping of a Gothic-modern $18 million estate, the “Silicon Grove” era has arrived. Here, the bunker isn’t a modern glass box, but instead features grand spaces, hand-carved stone fixtures and even a giant chessboard on the roof that feels more like a European cathedral than a Miami residence.<\/p>\n
As taxes scream in the Northeast and West Coast, titans of industry are finding that true luxury in 2026 means a private dock, keystone-edged infinity pool and the freedom to walk to a local bookstore without a security detail in tow \u2014 including Google co-founder Larry Page, who just poured more than $188 million into the neighborhood.<\/p>\n
“People of that caliber do their homework before they purchase anything. Regardless how emotional or how impulsive it is, they always are guided and they’re taught where to buy or where not to buy, and their advisors told them that Coconut Grove was the place,” Douglas Elliman\u2019s Lourdes Alatriste, who has a long roster of A-list clients, told Fox News Digital.<\/p>\n
INSIDE THE 50-HOME MIAMI SANCTUARY WHERE SMART MONEY IS BUYING DECADES OF SECURITY FOR THEIR KIDS<\/a><\/p>\n “And that just makes it everything that I’ve always said: Coconut Grove is a hidden gem. It has everything… from water, to walks, to parks, to stores, to family.”<\/p>\n Homes in the Coconut Grove neighborhood of Miami, Florida, on Monday, March 23, 2026. (Getty Images)<\/p>\n Coconut Grove is Miami-Dade County\u2019s oldest neighborhood, having been founded by settlers in the 1870s and annexed by Miami in 1925. Its ascent began in the 1960s when it was dubbed as “The Grove,” and attracted largely Bohemian artists, musicians and writers. During the 1980s, money started flowing due to the height of America\u2019s cocaine boom<\/a>, and while Coconut Grove maintained some of its hippie vibe, new residential developments took over the landscape.<\/p>\n Fast-forward to today, and “all of a sudden, it started picking up again because [people] noticed, when you have a place, when there’s no more land, and you have a location that fills all your desires as to schools, as to parks, as to shops, as to lifestyle, privacy, you go for it. You start building it up,” Alatriste explained. “You take the areas that are great and make them even better.”<\/p>\n The home the luxury agent showed to Fox News Digital paralleled the community\u2019s mix of history and new age extravagance. Upon entering, a great hall hits you with 30-foot vaulted ceilings and glossy marble floors that hum with a cool, heavy permanence. Massive, smooth-plastered white fireplaces act as anchors, while antique stained-glass windows \u2014 positioned high like clerestories \u2014 cast colorful, geometric shadows across modern white boucl\u00e9 armchairs and French cast bronze chandeliers.<\/p>\n The primary room balcony overlooks Biscayne Bay. | FOXBusiness<\/p>\n According to Alatriste, the home\u2019s asking price of $18.9 million is actually “a little bit under” expectations.<\/p>\n “When I give prices, there’s always three prices for me: A wow factor\u2026 Then there [are] the regular prices comparable with the comps in the area, and there’s the price I have to sell tomorrow. So, with that said, I think Coconut Grove has maintained its wow factor,” she said.<\/p>\n “You have an opportunity now that I don’t know if you’ll have it later on. As [prices rise] and as more people come in, because we still have a lot of people, and remember, Florida doesn’t just have a certain [migration demographic], like New Yorkers or California<\/a>, they have everything. They have Mexico. They have Brazil\u2026 Chicago\u2026 It’s a melting pot of different states and countries that come here.”<\/p>\n Douglas Elliman Exclusive Group co-founder Devin Kay takes Fox News Digital inside a multi-million dollar Allison Island home in the same tight-knit neighborhood where Google\u2019s Sergey Brin moved to.<\/p>\n While Indian Creek Village, Four Seasons Surf Club and Allison Island rely on private security forces, the Grove relies on a culture of “respectful distance.” The homes are designed to allow high-profile owners to engage with the world on their terms, featuring outdoor spaces that look out without being seen.<\/p>\n Some of the most notable residents have included Madonna, LeBron James, Sylvester Stallone, Jimmy Buffett, Derek Jeter, Christian Slater \u2014 and for history\u2019s sake, telephone inventor Alexander Graham Bell.<\/p>\n “You want to go to dinner, come back and not [have] fear or anything. You want to go on a trip and want to know that your area is being covered, that you don’t have to worry. There’s always going to be something that we can’t control, but basically, people that live around you will always take care of you as well,” Alatriste said of the sense of community in Coconut Grove. “They\u2019re not star-crazy\u2026 they\u2019re very respectful of others.”<\/p>\n The Corcoran Group\u2019s Mick Duchon gives Fox News Digital a tour of a $21.95 million unit at the Four Seasons residences in Surfside, where ex-Starbucks CEO Howard Schultz just bought the penthouse.<\/p>\n For tech titans like Page and other forces of industry, the draw to Florida has allegedly shifted to a lifestyle change as opposed to being strictly about business.<\/p>\n![\"Aerial](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/05\/coconut-grove-miami-fl-aerial.jpg\")
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