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Waterfront · Condominium
$1,450,000$883 / sqft
2 Grove Isle Dr # B1008, Miami FL 33133
Listed
2
Bedrooms
2
Bathrooms
1,642 sqft
Interior
1980
Year built
$2,477 / mo
HOA
Condominium
Type
About this home
Waterfront living on private Grove Isle in the heart of Coconut Grove. This 2-bedroom, 2-bath residence offers 1,642 sq ft of high-end custom designer interiors, with solid wood millwork, paneling and cabinetry throughout. Unobstructed views of the marina, Biscayne Bay and the Miami skyline open from the expansive terrace, where indoor-outdoor living is a daily pleasure. Custom closets and fitted storage in every room. The great room, dining area and kitchen are designed for entertaining, and the primary suite offers water views and a spa-like wood-vanity bath. Grove Isle residents enjoy two pools with Jacuzzis, saunas, a 24-hour gym, a beach tiki hut and barbecue area, kayak and paddleboard access, social rooms, a playground, a dog park, valet parking and 24-hour gated security. An exceptional island lifestyle minutes from Coconut Grove’s dining, shops and parks.
Features
- Lobby
- First Floor Entry
- Closet Cabinetry
- Entrance Foyer
- Open Balcony
- Bay
- Ocean View
- Skyline
Leasing
- Minimum lease
- 120 days
- Leases permitted per year
- 2
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.