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Condominium at 5 Grove Isle # L405, Miami FL 33133Active
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Waterfront · Condominium
$6,500,000

5 Grove Isle # L405, Miami FL 33133

3
Bedrooms
4
Bathrooms
— sqft
Interior
2025
Year built
$4,356 / mo
HOA
Condominium
Type

About this home

Brand new & never lived in, this 3-be waterfront residence was delivered in Dec ‘25. Offering 2,503SF of interior plus a deep 753SF terrace, the home enjoys sweeping views of the Bay, Coconut Grove, and the Brickell skyline. The primary suite features direct water views, his&her walk-in closets, and a spa-style bath. All bedrooms are ensuite. Additional highlights include marble floors, private elevator access & a separate laundry room. Set on a 20-acre gated, private island just minutes from Coconut Grove, Vita is an exclusive collection of only 65 waterfront residences designed along the island’s natural shoreline. Amenities incl concierge services, a bayfront pool w/ bar &lounge, fitness &wellness center, marina with slips, tennis, pickleball & padel courts, and a children’s playground.

Features

  • First Floor Entry
  • Open Balcony
  • Bay
  • Water View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$37,224

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$32,868
HOA
$4,356 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Douglas Elliman

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.