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Waterfront · Condominium
$1,875,000$1,115 / sqft
2843 S Bayshore Dr # 5F, Miami FL 33133
Listed
3
Bedrooms
3
Bathrooms
1,682 sqft
Interior
1982
Year built
$3,146 / mo
HOA
Condominium
Type
About this home
Beautifully renovated 3BD/3BA residence in Grove Towers featuring abundant natural light and a sleek, modern interior. The generous primary suite includes dual sinks, a shower, and a walk-in closet with built-ins, while all other bedrooms have terrace access, creating a seamless indoor-outdoor flow. The kitchen is equipped with an island and top-of-the-line Wolf and Sub-Zero appliances, perfect for entertaining. Enjoy peaceful views overlooking the tennis courts with partial views of Biscayne Bay, along with access to resort-style amenities including a heated pool, hot tub, fitness center, and tennis and pickleball courts. Includes 1 assigned parking space and storage.
Features
- Built-in Features
- Cooking Island
- None
- Open Balcony
- Tennis Court View
- Water View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
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 14 active listings; the middle half ask $16,500–$35,000.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.