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Condominium
$649,000$877 / sqft
2951 S Bayshore Dr # 603, Miami FL 33133
Listed
1
Bedrooms
1
Bathrooms
740 sqft
Interior
1998
Year built
$1,105 / mo
HOA
Condominium
Type
About this home
Rarely available 03 line with great views of Sailboat Bay, this renovated 1 bedroom 1 bath home at the Mutiny Hotel is now available. Located in the heart of Coconut Grove and just steps away from the very best restaurants and shops. This is a perfect vacation property that can be rented through the onsite rental program allowing the owner to enjoy 120 days per year for themselves, or live in it full-time, or rent it out on your own. The Mutiny offers the very best of the Coconut Grove lifestyle for an incredible price. Walk to CocoWalk, Fresh Market, the marinas, and parks.
Features
- Interior Hall
- Lobby
- Fire Sprinklers
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Bay
- Ocean View
- Water View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
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.