Tech billionaires are flocking to this former bohemian enclave in Miami. See what life is like inside Coconut Grove.

"Billionaires are flocking to Miami, and many are settling in the neighborhood of Coconut Grove. Coconut Grove's family-friendly, low-key vibe contrasts with other wealthy enclaves in Miami. The area is full of fine dining, elite schools, and yachts, appealing to affluent newcomers. A new wave of billionaires is moving to Miami, but the neighborhoods they're calling home might not be the first that come to mind."

"While some ultrawealthy new residents, like Jeff Bezos and Mark Zuckerberg, have gravitated toward private islands like Indian Creek Village or Fisher Island, others, like Ken Griffin and Larry Page, have put down roots in the waterfront neighborhood on Biscayne Bay with a long history and a distinctly quieter, family-oriented feel. The trendy neighborhood has a history of hippie protests and a roster of eclectic art galleries, but life there today is better defined by mega yachts, Michelin-starred restaurants, and $50,000-a-year private schools."

"Coconut Grove could not be further from a "new" neighborhood. Widely considered the oldest neighborhood in Miami, the Grove, as locals call it, dates back to the 1870s and is among the earliest settled communities in South Florida. Its name comes from the area's early coconut groves and the natural resources that attracted early settlers, and it remains one of the city's greenest areas."

Billionaires are increasingly moving to Miami, with many choosing Coconut Grove. The neighborhood offers a family-friendly, low-key atmosphere that contrasts with other wealthy Miami enclaves. It features fine dining, elite private schools, and access to luxury boating and waterfront living. Some ultrawealthy residents have preferred private islands, while others have settled in Coconut Grove and nearby Biscayne Bay areas. Coconut Grove is widely considered the oldest neighborhood in Miami, dating back to the 1870s and early settlement in South Florida. The name reflects early coconut groves and natural resources, and the area remains among the greenest parts of the city.

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