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Condominium
$659,000$971 / sqft
2889 Mcfarlane Rd # 912, Miami FL 33133
Listed
1
Bedrooms
2
Bathrooms
679 sqft
Interior
2001
Year built
$1,351 / mo
HOA
Condominium
Type
About this home
Park and bay views from this stunning residence featuring a wraparound balcony at Arya Hotel & Suites, a full-service luxury condo-hotel in the heart of Coconut Grove Village. With no rental restrictions, this is an exceptional opportunity for both investors and personal use. Sold fully furnished and turnkey, including all furniture, furnishings, housewares, equipment, and accessories. The residence has been tastefully renovated with an updated kitchen, remodeled bathrooms, and new flooring throughout. To maximize rental income, the unit has been configured as two independent suites, allowing them to be rented separately or enjoyed together as one spacious residence. Enjoy resort-style amenities including a bayfront pool and restaurant, fitness center with sauna, squash courts, business center, 24-hour attended lobby with concierge, secure garage parking, valet service. Ideally located just minutes from Brickell, Downtown Miami, Miami International Airport, Key Biscayne, and the beaches, and within walking distance of Coconut Grove's galleries, boutiques, cafés, restaurants, marinas, and bayfront parks.
Features
- Lobby
- Built-in Features
- Closet Cabinetry
- Elevator
- Fire Sprinklers
- East Of Us1
- Open Balcony
- Bay
- Garden View
Leasing
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Coconut Grove, from 32 active listings; the middle half ask $2,250–$4,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.