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Waterfront · Condominium
$750,000$986 / sqft
2889 Mcfarlane Rd # 1610, Miami FL 33133
Listed
1
Bedrooms
2
Bathrooms
761 sqft
Interior
2001
Year built
$1,611 / mo
HOA
Condominium
Type
About this home
Experience elevated living and exceptional investment potential from this beautifully furnished 16th-floor corner residence at Arya Condo Hotel in the heart of Coconut Grove. Ideally positioned on a corner, this high-floor residence offers beautiful views toward Biscayne Bay, abundant natural light, and a bright, inviting atmosphere. The property offers an attractive opportunity for investors seeking rental income in one of Miami’s most desirable neighborhoods, with the flexibility to enjoy the residence personally while generating income through rentals. Resort-style amenities include a rooftop fitness center, swimming pool, on-site restaurant, squash courts, and business center. Ideally located just moments from Coconut Grove’s beautiful parks, marinas, boutique shopping, acclaimed restaurants, and vibrant entertainment. A rare opportunity to own a turnkey, fully furnished residence with strong income-producing potential and beautiful bay views in the heart of Coconut Grove.
Features
- Closet Cabinetry
- Elevator
- Entrance Foyer
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Bay
- Garden View
- Ocean View
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 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.