Mr. C Residences Coconut Grove: The Cipriani Family's Bayfront Tower That Quietly Sold Out

116-residence twin-tower bayfront project at 2655 S Bayshore Drive, branded by the Cipriani family's Mr. C boutique hospitality concept. Built by Terra, designed by Arquitectonica, with private marina, two pools, and on-site Bellini Bar by Cipriani. Now closed and substantially delivered; resale inventory in 2026 trades at meaningful premiums to original sales pricing.

There are two Cipriani-branded condo projects in Miami right now, and Miami buyers regularly confuse them.

The first is Cipriani Residences Brickell, the 80-story supertall on the Miami River — that project is still under construction. The second, and the one nobody talks about as much, is Mr. C Residences Coconut Grove. Same family, different brand, completely different building, and importantly, already delivered. In 2026, it is one of the most interesting resale stories in Coconut Grove.

The Project at a Glance

Mr. C Residences Coconut Grove is a twin-tower bayfront residential development located at 2655 South Bayshore Drive in Coconut Grove, directly on Biscayne Bay. The project consists of two 20-story towers containing a combined 116 residences, ranging from 2-bedroom to 4-bedroom layouts with private terraces facing either the bay or the lush Coconut Grove tree canopy.

The developer is Terra, the Miami-based firm led by David Martin. Architecture is by Arquitectonica, the firm whose work essentially defines the Miami waterfront skyline. The branding and lifestyle layer comes from the Mr. C boutique hotel brand created by Maggio Cipriani and Ignazio Cipriani, the younger generation of the Cipriani hospitality family.

Construction completed in 2023, with substantial delivery and closings through 2024.

Why the Mr. C Brand, Not the Cipriani Brand

The Cipriani family operates two distinct hospitality brands.

The Cipriani brand proper — named after Giuseppe Cipriani who founded Harry's Bar in Venice in 1931 — is the formal, restaurant-and-banquet flagship. Cipriani Residences Brickell carries this brand.

Mr. C is the younger, more boutique, more residentially-scaled hotel brand created by Maggio and Ignazio Cipriani in 2010. It has properties in West Hollywood, Seaport, and now Miami. The aesthetic is more relaxed, more contemporary, more vacation-grade — the food and beverage program is still Cipriani-quality (Bellini Bar, Bellinis with white peach purée, the classic carpaccio), but the lifestyle frame is different. Less black-tie banquet, more sun-drenched waterfront.

Miami Market Snapshot — May 2026

• Median condo sale price in Coconut Grove: $1.42M (up 2.4% YoY, the steadiest performing of any luxury Miami neighborhood)
• Coconut Grove condo months of supply: 7.8, tighter than the countywide average
• Mr. C Residences Coconut Grove resale closings YTD 2026: 9 units, averaging 14.8% above original developer pricing
• Average days on market for Mr. C resale listings: 52 days, 30% faster than the Coconut Grove condo average

What the Buildings Actually Feel Like

The two towers sit side by side at the corner of South Bayshore Drive and McFarlane Road, directly across from Dinner Key Marina and adjacent to Peacock Park. The site is one of the most coveted in the Grove — the corner where the bay opens up and the village character meets the waterfront.

The architecture is restrained for Arquitectonica's standards. No gimmicks, no spectacle profile — just a clean residential tower form with deep terraces, full-height glass, and a materials palette (limestone, dark wood, blackened metal) that ages well.

Inside, the residences typically run 1,500 to 3,500 square feet for standard floors, with penthouses reaching significantly larger. Floor plans favor open-plan living, big balconies (Coconut Grove gets unbelievable bay sunsets), and Cipriani-brand interior detail in the kitchen and finish selections.

The Amenity Package That Actually Matters

Private marina access. The building has dedicated boat slips available to owners. In Coconut Grove, where Biscayne Bay is the literal social fabric, a boat slip is a daily-use asset. The slip availability is one of the largest single drivers of price premium for Mr. C resale units in 2026 — adding approximately $250K to $400K in transacted value.

Two pools. One is the daytime pool, larger and quieter. The other is the social pool, attached to the Bellini Bar.

Bellini Bar by Cipriani. This is the meaningful amenity that turns the building into a daily destination. The Bellini Bar serves the Cipriani brand's classic cocktail and a curated menu in a casual indoor-outdoor format. Owners can charge to their residence. The bar is also open to outside guests and operates as an actual restaurant, which keeps the energy and the standard high.

The Resale Story in 2026

Mr. C Residences Coconut Grove sold out at the developer level by 2023 to 2024. The resale story since has been one of steady, almost boring, appreciation — exactly what a long-hold investor wants to see.

Resale closings in 2026 are averaging roughly 14.8% above original developer pricing, depending on unit type, floor, and orientation. Bay-facing units carry a 15% to 22% premium over tree-canopy-facing units.

Active resale inventory in May 2026 is thin: typically 4 to 7 listings at any moment, with average days on market around 52 days. This is the opposite of the dynamic in some new Brickell or Edgewater pre-construction towers. There is no fire sale, no inventory overhang, no developer urgency. The resale market is mature and the pricing is honest.

Who Mr. C Residences Is Right For

• Coconut Grove buyers between $2M and $5M who want bayfront, Cipriani-grade hospitality, marina access, and a quiet residential building that already has its character set
• Miami business owners who are looking for a primary residence that doubles as an entertaining venue — the Bellini Bar in the lobby changes the math on hosting
• Families with older children or empty-nesters who want walkable village access (CocoWalk, the Grove's restaurants and shops) without giving up the waterfront

Less ideal for: short-term rental investors (the building has rental restrictions consistent with luxury Coconut Grove norms), buyers who want a high-rise spectacle building (this is restrained residential, not Brickell skyline), and buyers who need ground-up new construction.

How to Access Available Inventory

Mr. C Residences resale inventory does not always reach the MLS. A meaningful share of transactions happens off-market through brokers with direct relationships in the building. Walk-in buyers see a thinner slice of the inventory than represented buyers do.