A 4.5-acre Coconut Grove compound has just hit the market for $115 million, instantly joining the ranks of South Florida’s most significant offerings.
Newly listed by The Jills Zeder Group, Banyan Ridge Estate is an extraordinary waterfront assemblage: eight architecturally distinct main residences spread across two prime bayfront parcels set behiind gates and surrounded by gardens lush enough to feel ancient, all anchored by a staggering 174 feet of direct Biscayne Bay access.
Named after the century-old banyan tree that anchors the grounds, the "iconic" estate unfolds like a private tropical resort. Cascading waterfalls, koi ponds, meditation nooks, and stone pathways wind through dense jungle greenery.
Each turn reveals another structure — the two main residences, the Main House and Coral House, followed by guest accommodations including the Ocean House, Pool House, Guest Pod, Orchid House, Boat House, and Carriage House. Each come with its own style and enviable list of amenities.
Many of the interior spaces were designed to dissolve the boundary between indoors and out, pulling in filtered light, garden vistas, and bay breezes through wide expanses of glass — a hallmark of the Miami lifestyle. Throughout the structures, organic materials like wood and natural stone deepen that connection, giving rooms a grounded, calming quality that mirrors the surrounding landscape.
Together, they create a living experience that is more “micro-village,” designed for multigenerational living, large-scale entertaining, or an owner who simply wants space to breathe. Meanwhile, the lush grounds of the expansive property give it the transportive qualities of a five-star resort, complete with a waterfall pool, a fully equipped gym, serene spa, expansive terrace, meditation gardens, hidden courtyards and infinity-edge pools.
A private boathouse brings the waterfront lifestyle full circle, offering seamless access to Biscayne Bay’s crystalline playground.
Co-listing agent Jill Hertzberg describes Banyan Ridge Estate and its rare waterfront assemblage as “timeless, tranquil and beyond compare.” Her colleague Judy Zeder underscores its remarkable seclusion, noting that it’s “tucked away and surrounded by lush and dense botanical gardens,” a quality discerning buyers increasingly prize. Set within Coconut Grove’s leafy, architecturally rich enclave — and walking distance to cafés, schools, marinas, and cultural life — the estate feels worlds away while remaining minutes from downtown Miami.
The timing of the listing is notable. Banyan Ridge Estate arrives as South Florida continues its streak of $100 million-plus offerings this year, cementing the region as one of the world's most active ultra-luxury markets. What stands apart is its waterfront acreage and meticulously designed turnkey structures—making it a true "legacy" estate, says Hertzberg.
View the complete property listed by The Jills Zeder Group.
