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Waterfront · Condominium
$472,000$1,189 / sqft
2889 Mcfarlane Rd # 1607, Miami FL 33133
Listed
0
Bedrooms
1
Bathrooms
397 sqft
Interior
2001
Year built
$2,455 / mo
HOA
Condominium
Type
About this home
GREAT PROPERTY AND INVESTMENT OPPORTUNITY IN THE HEART OF COCONUT GROVE! Beautiful studio at the Arya Hotel & Suites offering a private balcony and great views in a full-service hotel condominium. With no rental restrictions, this property offers excellent flexibility for investment, personal enjoyment, or a combination of both. Enjoy resort-style amenities including a pool, fitness center, restaurant, squash courts, business center, security, and front desk services. Ideally located within walking distance of Coconut Grove’s best restaurants, cafés, shops, nightlife, boating, Regatta Park, and everything the Grove has to offer. A fantastic opportunity to own in one of Miami’s most desirable and vibrant neighborhoods!
Features
- Lobby
- Built-in Features
- Fire Sprinklers
- Open Balcony
- Bay
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Daily Rentals Allowed
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 studio rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,000.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.