Prepare this delicious Grapefruit Coconut Margarita. It’s a perfect cocktail to serve at your next event. You can make it with either silver tequila or aged tequila, and we recommend using grapefruit concentrate for a more intense flavor. For this Grapefruit Coconut Margarita, we suggest a very refreshing margarita mix that includes coconut water, orange liqueur, and a hint of lemon. Make this tasty margarita at your next party.