The Lincoln Coconut Grove: The Complete Buyer’s Guide
Coconut Grove’s newest boutique condominium just cleared the two hurdles that matter. The Lincoln — 48 residences across eight stories at 2650 Lincoln Avenue — closed $58 million in senior construction financing from SME Capital in September 2026 and passed 40% pre-sold, with construction underway since June. In a submarket defined by scarcity, here is the full buyer’s picture.
What is The Lincoln, and where exactly is it?
A 48-residence, eight-story boutique condominium at 2650 Lincoln Avenue in Coconut Grove, developed by LORE Development Group with Element Development, designed by Paredes Architects with interiors by Design Philosophy. Construction began June 2026; delivery targets Q3 2028; sales by ONE Sotheby’s International Realty.
Is it financed — and why does that matter?
Yes: SME Capital provided $58 million in senior construction financing in September 2026, arranged by Berkadia, with the building over 40% pre-sold at closing. A closed construction loan is the single strongest de-risking event in pre-construction — it means a lender’s underwriters have verified the budget, the contractor and the sales pace.
What does The Lincoln cost?
Pricing is on request through the sales gallery (as of September 2026 the developer has not published a price sheet). The Coconut Grove new-development bracket runs from THE WELL at ~$1,200 per square foot to Four Seasons Private Residences at ~$2,500; a boutique mid-Grove address typically prices between those poles.
What layouts and amenities are offered?
One- to four-bedroom residences, most with in-suite dens or offices, topped by six penthouses up to 3,633 square feet. The amenity stack is unusually complete for 48 units: a 40-foot heated rooftop pool with Biscayne Bay views, spa with sauna, steam and plunge pools, golf simulator, fitness center, co-working lounge, private dog park and 24-hour security.
| Boutique building | Location | Units | Stories | Status | Delivery |
| The Lincoln | Coconut Grove | 48 | 8 | Under construction, 40%+ sold, loan closed | Q3 2028 |
| 14 ROC | Downtown Miami (A&E District) | 283 | 32 | Selling (from ~$509K) | Q4 2028 |
| Ocean House Surfside | Surfside | 25 | — | Topped out Aug 2026 | 2027 |
| Maison d’Or | South Flagler, WPB | 39 | — | Selling ($5.8M–$15M) | 2028 |
Why do boutique buildings behave differently for buyers?
Fewer units concentrate both the upside and the obligations: sellouts happen quietly and fast (40% of The Lincoln is just 20 contracts), owners control the association sooner, and there is no investor churn — but the amenity budget is funded by 48 wallets, so the HOA-per-square-foot line deserves more scrutiny than in a 300-unit tower.
Is Coconut Grove a strong submarket?
The Grove is core Miami’s scarcest luxury submarket: limited developable land, the city’s best school cluster, a canopy address that Brickell cannot replicate, and a short delivered-product list that has resold well. Its pipeline is a fraction of Brickell’s 1,500+ units — scarcity is the moat. Miami-Dade context: $1M+ sales rose 15.5% year over year in July 2026 even as the county carries 12 months of overall supply; the luxury bid is concentrating in exactly this kind of address.
Frequently Asked Questions
What is The Lincoln in Coconut Grove?
An eight-story, 48-residence boutique condominium at 2650 Lincoln Avenue in Coconut Grove, developed by LORE Development Group with Element Development, designed by Paredes Architects with interiors by Design Philosophy. Construction began in June 2026; delivery targets Q3 2028.
Is The Lincoln financed and selling?
Yes on both counts: SME Capital provided $58 million in senior construction financing (arranged by Berkadia) in September 2026, with the building already more than 40% pre-sold. ONE Sotheby’s International Realty leads sales.
What do residences cost?
The developer has not published a full price sheet; pricing is on request through the sales team (as of September 2026). Comparable Coconut Grove new development brackets the likely range: THE WELL from $1.5M (~$1,200/SF) to Four Seasons Private Residences from $5.6M (~$2,500/SF).
What layouts are offered?
One- to four-bedroom residences, most with in-suite dens or offices, topped by six penthouses of up to 3,633 square feet — a mix aimed at Grove end-users rather than investors.
What amenities does a 48-unit building support?
A 40-foot heated rooftop pool with Biscayne Bay views, spa with sauna, steam and plunge pools, golf simulator, fitness center, co-working lounge, private dog park and 24-hour security — an unusually complete stack for a boutique building.
Why does building size matter for buyers?
Fewer units means faster sellout math (40% of 48 units is 20 contracts; 40% of a 400-unit tower is 160), more owner control of the association, and no rental churn — but amenities are funded by fewer wallets, so scrutinize the HOA budget per square foot before contract.
When should buyers move?
Boutique buildings sell out in quiet increments — there is no splashy 500-unit inventory release later. Past 40% sold with financing closed, the discount phase of pre-construction pricing typically ends; line pricing usually steps up as construction rises.
Is Coconut Grove a strong submarket?
The Grove is the tightest luxury submarket in core Miami: limited developable land, top schools, and a delivered-product track record (Mr. C, Arbor, Vita) that resold well. Its new-development pipeline is a fraction of Brickell’s or Edgewater’s, which protects scarcity value.