Park Grove Tower 3 is the Club Residences tower of the Park Grove development at 2831 S Bayshore Drive, and it is the smart-money entry into Coconut Grove's most decorated new community. While the first two Park Grove towers chase the ultra-luxury buyer with 12-foot ceilings and private elevators, Tower 3 was designed for a different brief: 130 residences from one to three bedrooms, 681 to 1,369 square feet, with 10-foot ceilings and prices that opened in the $600,000s. The tower shares everything that makes Park Grove famous, the five acres of Enzo Enea gardens, the 50,000-plus square feet of amenities, the OMA and Rem Koolhaas architecture. Park Grove Tower 3 simply packages it at a fraction of the price.
Park Grove Tower 3 Frequently Asked Questions
How is Tower 3 different from the other two towers?
Scale and ceiling height. Towers 1 and 2 offer 12-foot ceilings, four or fewer residences per floor, and private elevators. Tower 3, the Club Residences, carries 10-foot ceilings, more units per floor, and slightly smaller layouts, which is exactly why its entry pricing sat far below the other two towers.
Who designed the building?
The development's architecture is by OMA, the firm of Pritzker Prize winner Rem Koolhaas, with Arquitectonica also credited on the project. Interiors and amenity spaces carry designs by William Sofield, and the five acres of private gardens are by landscape architect Enzo Enea.
When was it completed?
Tower 3 was delivered alongside Tower 2, with residents moving in during 2018, ahead of One Park Grove's completion in 2020. The building is fully established, with an active resale and rental market.
Can I rent out a unit here?
Yes. Tower 3's smaller layouts and lower price points make Park Grove Tower 3 the most rental-friendly of the three towers, and leases trade regularly. Confirm current association minimum lease terms before buying for income, as with any Grove condo.
What amenities do residents get?
The full Park Grove program: bayfront pools with private cabanas, a signature spa with sauna and steam, a 6,000-square-foot fitness center, indoor and outdoor yoga, a 28-seat screening room, wine storage, a children's playroom, a signature restaurant, 24-hour concierge and valet, plus five acres of private gardens.
Where is it on the bay?
2831 S Bayshore Drive, the easternmost of the three towers in the 5.2-acre Park Grove enclave, staggered so every tower keeps direct water views. Monty's Raw Bar at Dinner Key Marina is a short drive south, and the village shops at CocoWalk sit minutes north.
Park Grove Tower 3 Key Facts
- Address: 2831 S Bayshore Drive, Miami, FL 33133
- Neighborhood: Coconut Grove bayfront
- Stories: 23
- Units: 130 residences
- Layouts: 1 to 3 bedrooms, approx. 681-1,369 sq ft
- Completed: 2018
- Architecture: OMA / Rem Koolhaas, with Arquitectonica
- Developers: Terra Group and the Related Group
- Ceilings: 10 feet
The value play inside Park Grove
Park Grove Tower 3 exists because Terra and Related understood the Grove has two luxury buyers. Tower 1 and Tower 2 serve the mansion-in-the-sky crowd. Tower 3, the Club Residences, serves the buyer who wants the same five acres of Enzo Enea gardens, the same spa and screening room and private restaurant, and the same OMA-designed architecture, without the eight-figure commitment. Compare it directly with its siblings on this site's One Park Grove and Park Grove Tower 2 pages to see where the premium goes.
The trade at Park Grove Tower 3 is honest: more neighbors per floor, 10-foot ceilings instead of 12, and no private elevator. What you keep is the address, the bay views the staggered towers were engineered to protect, and the amenity program that rivals any hotel in the county. For investors, Park Grove Tower 3 is also the tower where the rental math works best, since its one and two-bedroom layouts match what the Grove's tenant pool actually leases.
Bayfront living at Bayshore Drive
The Park Grove enclave sits on one of the last great bayfront parcels in the Grove, and Tower 3's eastern position keeps the water in view from most lines. Boating life starts at Dinner Key Marina, where Monty's Raw Bar pours dockside drinks a short drive south. The village core around CocoWalk handles shopping, dining, and the movie theater, while Peacock Park offers nine bayfront acres for morning runs.
Cross-shoppers eyeing Park Grove Tower 3 should walk the Grove at Grand Bay page for the Bjarke Ingels-designed bayfront neighbor that preceded Park Grove, and the Four Seasons Coconut Grove page for the next wave of branded bayfront product. The full tower-by-tower breakdown of the development is worth a read: Park Grove in Coconut Grove, a complete review. Terra's design-first development philosophy is profiled here: Terra Group and David Martin.
