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Waterfront · Condominium
$8,350,000$2,178 / sqft
5 Grove Isle Drive # S203, Coconut Grove FL 33133
Listed
4
Bedrooms
5
Bathrooms
3,834 sqft
Interior
2026
Year built
$6,765 / mo
HOA
Condominium
Type
About this home
Experience the privilege of private island living at Vita at Grove Isle, a boutique collection of 65 waterfront residences developed by Ugo Colombo in Coconut Grove. Offered by the developer and never occupied, this residence presents 5,375 sq. ft. of indoor-outdoor living, including 3,834 sq. ft. of interiors and 1,541 sq. ft. of terraces. The four-bedroom, four-and-a-half-bath residence is defined by a refined neutral palette, white high-gloss cabinetry and doors, 10-foot ceilings, and floor-to-ceiling glass that fills the home with natural light. A private elevator foyer opens to generous living and dining areas and a Molteni&C kitchen with Miele appliances, wine storage, and pantry. The primary suite offers terrace access, two walk-in closets, and an Italian stone bath. Three en-suite guest bedrooms occupy a separate wing with their own terrace. An oversized 72-foot bayfront terrace, nearly 19 feet deep, provides exceptional space for dining and entertaining overlooking the water and marina. Additional appointments include book-matched Italian stone bathrooms, Dornbracht fixtures, Crestron and Lutron technology, and a separate service entrance. Set on a private 20-acre island, Vita offers 24-hour concierge and security, a bayfront pool, fitness and wellness facilities, Grove Isle Club membership with tennis, padel, and pickleball, and waterfront dining at La Sponda. Two valet parking spaces are included; a private garage and marina slips are available for purchase.
Features
- Cooking Island
- Fire Sprinklers
- Entrance Foyer
- Walk-In Closet(s)
- None
- Bay
Leasing
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 4-bed rentals across Miami-Dade, from 121 active listings; the middle half ask $14,000–$34,000.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.