 In 1886, Munroe decided to make Coconut Grove his permanent home, and purchased the future site of The Barnacle Historic State Park, which was at the time of bayfront property.He paid $400 in cash in addition to one of his yachts, the "Kingfish", which he valued at an additional $400.Two years later, in 1888, he sold his home in Staten Island to remain year round in Coconut Grove.