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Waterfront · Condominium
$3,499,000$930 / sqft
3 Grove Isle Dr # C605, Miami FL 33133
Listed
3
Bedrooms
4
Bathrooms
3,764 sqft
Interior
1981
Year built
$5,084 / mo
HOA
Condominium
Type
About this home
Experience the best of waterfront living in this exceptional 3,764 sq ft residence in the private island of Grove Isle. This expansive home features 3 bedrooms plus a versatile additional room, offering the comfort and flexibility of a single family home and the convenience of luxury condo living. Resident's enjoy Grove Isle's exclusive lifestyle, with resort-style amenities, lush tropical surroundings and 24-hour security, all just minutes from the shops, dining and charm of Coconut Grove.
Features
- Closet Cabinetry
- Custom Mirrors
- Entrance Foyer
- French Doors
- Walk-In Closet(s)
- Den/Library/Office
- Open Balcony
- Tennis Court(s)
- Bay
- Garden View
- Other View
Leasing
- Minimum lease
- 180 days
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 15 active listings; the middle half ask $22,000–$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.