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Waterfront · Condominium
$8,950,000$2,477 / sqft
5 Grove Isle Dr # M303, Miami FL 33133
Listed
4
Bedrooms
5
Bathrooms
3,613 sqft
Interior
2025
Year built
$6,375 / mo
HOA
Condominium
Type
About this home
Mare 303 sits on Vita’s coveted 03 line where a sixty-eight-foot terrace runs the full width of the living room and primary bedroom to the water’s edge. Your private elevator opens straight into the residence. A Molteni&C kitchen with an oversized Laminam island anchors the living and dining room. The owner’s suite features twin walk-in closets leading to a primary bath finished in Margraf stone and Noce Canaletto wood. A junior suite and two more bedrooms complete four bedrooms and four and a half baths across 3,613 square feet with 1,070 square feet more across two terraces. Beyond your door are a private spa, gym, pool and lounge plus Grove Isle’s Racquet & Yacht Club and La Sponda restaurant. There are 65 residences at Vita.
Features
- Lobby
- Cooking Island
- Entrance Foyer
- Other
- Walk-In Closet(s)
- Open Balcony
- Bay
- Skyline
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
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 4-bed rentals across Miami-Dade, from 121 active listings; the middle half ask $14,000–$34,000.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.