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Waterfront · Condominium
$1,750,000$1,040 / sqft
2843 S Bayshore Dr # 11F, Miami FL 33133
Listed
3
Bedrooms
3
Bathrooms
1,682 sqft
Interior
1982
Year built
$3,147 / mo
HOA
Condominium
Type
About this home
Experience waterfront living in this expansive 3-bedroom, 3-bathroom residence at Grove Towers, showcasing sweeping Biscayne Bay views and stunning sunsets over Coconut Grove. Spanning 1,388 SF, the residence is filled with natural light and features traditional finishes, impact windows and doors, expansive terraces, and a thoughtfully designed layout that enhances the connection between indoor and outdoor spaces. Every bedroom offers direct balcony access, capturing tranquil views of the bay, lush greenery, and tennis courts. The spacious primary suite includes dual vanities, a glass-enclosed shower, and a walk-in closet, while the kitchen features an oversized island designed for entertaining. Residents of Grove Towers enjoy an exceptional collection of amenities including a heated pool and spa, fitness center, tennis and pickleball courts, BBQ area, valet service, and guest parking. This unit includes 2 parking spaces and 1 storage unit. Perfectly positioned near the marina, sailing club, waterfront parks, acclaimed dining, cafés, boutiques, and top-rated schools, this home offers an ideal blend of luxury and convenience in the heart of Coconut Grove.
Features
- Built-in Features
- Closet Cabinetry
- Entrance Foyer
- Split Bedroom
- Den/Library/Office
- None
- Open Balcony
- Tennis Court(s)
- Skyline
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 3-bed rentals in Coconut Grove, from 15 active listings; the middle half ask $22,000–$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.