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Waterfront · Condominium
$1,985,000$1,251 / sqft
2901 S Bayshore Drive # 1B, Miami FL 33133
Listed
3
Bedrooms
2
Bathrooms
1,587 sqft
Interior
1975
Year built
$1,985 / mo
HOA
Condominium
Type
About this home
Rarely available and truly exceptional, this exquisitely renovated 3-bedroom, 2-bath Lanai residence at iconic Yacht Harbour Condominium delivers an unparalleled Coconut Grove lifestyle. Widely considered one of the most desirable lines in the building, this first-floor home captures refreshing bay breezes that sweep effortlessly through the residence. Meticulously renovated with superior craftsmanship, custom finishes, new white oak flooring throughout, and an abundance of thoughtfully designed storage. The sophisticated chef’s kitchen features premium JennAir appliances and opens seamlessly to expansive living spaces designed for effortless entertaining. The showstopping feature is the enormous private terrace, complete with an extended outdoor area that dramatically expands the living and entertaining space—an entertainer’s dream. Beautifully appointed inside and out, this is arguably the most exquisite Lanai residence currently available in Coconut Grove. Ideally positioned in the heart of the Grove, moments from the bay, marinas, dining, boutiques, parks, and the neighborhood’s renowned walkable lifestyle. A rare combination of refined interiors, exceptional outdoor living, coveted bay breezes, and the very best location Coconut Grove has to offer.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- French Doors
- Other
- Pantry
- Volume Ceilings
- Walk-In Closet(s)
- Atrium
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.