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Waterfront · Condominium
$1,275,000$677 / sqft
2 Grove Isle Dr # B205, Miami FL 33133
Listed
2
Bedrooms
2
Bathrooms
1,882 sqft
Interior
1980
Year built
$2,840 / mo
HOA
Condominium
Type
About this home
An exceptionally rare lanai residence on prestigious Grove Isle! Step directly from your expansive private terrace to lush tropical gardens and the resort-style pools—no elevator required. Tastefully renovated and filled with natural light, this spacious 1,882-square-foot home features elegant custom built-ins, generous living and dining areas, a thoughtfully designed kitchen, and oversized walk-in closets. The large terrace seamlessly extends the living space outdoors, creating the perfect setting for morning coffee, alfresco dining, or entertaining amid lush tropical surroundings. Nestled within the exclusive, guard-gated Grove Isle community, residents enjoy waterfront gardens and pools, a world-class racquet club, fitness center, a scenic bay-front walking path, 24-hour security, and a soon-to-open signature restaurant, all just minutes from the heart of Coconut Grove, Brickell and Downtown.
Features
- Lobby
- Built-in Features
- Entrance Foyer
- Walk-In Closet(s)
- Utility Room/Laundry
- East Of Us1
- Open Balcony
- Bay
- Club Area View
- Garden View
- Ocean View
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 2-bed rentals in Coconut Grove, from 31 active listings; the middle half ask $3,150–$12,000.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.