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1
Bedrooms
2
Bathrooms
693 sqft
Interior
2001
Year built
$1,390 / mo
HOA
Condominium
Type
About this home
Professionally designed and fully renovated, this bayfront one-bedroom, one-and-a-half-bath residence at Arya Hotel & Suites combines luxury, flexibility, and an unbeatable Coconut Grove location. Wide open Biscayne Bay views from a private balcony set the stage for Miami's spectacular sunrises, while high-end finishes throughout deliver a move-in-ready home designed for effortless living. Steps from the Grove's renowned restaurants, cafés, boutiques, marinas, parks, and vibrant village life, yet with quick access to Brickell, Downtown, Key Biscayne, and MIA. The building is currently undergoing significant upgrades, further enhancing its appeal and long-term value. A rare advantage: absolutely no rental restrictions—live in it, rent it short- or long-term, or maximize income potential. An outstanding opportunity as a primary home, vacation retreat, or investment in one of Miami's most desirable waterfront neighborhoods. Renovation nearing completion; professional photos coming soon.
Features
- Lobby
- Fire Sprinklers
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Bay
Leasing
- Minimum lease
- 356 days
- Leases permitted per year
- 356
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.
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.