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

Coconut Grove is becoming the new billionaire's playground in Miami. Bloomberg/Getty Images

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.

Amid the wealth migration to the city — in part driven by tax proposals targeting the ultrawealthy — the leafy neighborhood of Coconut Grove has emerged as one of the most coveted addresses in South Florida.

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…