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Condominium
$650,000$651 / sqft
3250 Grand Ave # 406, Miami FL 33133
Listed
1
Bedrooms
2
Bathrooms
999 sqft
Interior
2006
Year built
$707 / mo
HOA
Condominium
Type
About this home
Experience loft-style living in the heart of Coconut Grove. This spacious corner residence features an airy, open-concept layout with soaring 10-foot ceilings, floor-to-ceiling windows and a long private balcony overlooking a charming residential neighborhood. Currently designed as an open loft with two full bathrooms, the flexible floor plan offers the potential to create a private one-bedroom layout to suit your lifestyle. Glossy marble flooring, custom lighting and an in-unit washer and dryer complement the space, while the open kitchen features granite countertops, wood cabinetry and stainless steel appliances. Enjoy secure entry, assigned covered parking, and a boutique building with a rooftop pool and sun deck. Just steps from the Grove’s vibrant dining, shopping, cafés and nightlife, with basic cable and internet included. A stylish urban retreat in one of Miami’s most iconic neighborhoods.
Features
- Interior Hall
- Lobby
- Walk-In Closet(s)
- Open Balcony
- None
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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.