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Waterfront · Condominium
$1,249,000
2843 S Bayshore Dr # 5A, Miami FL 33133
Listed
2
Bedrooms
2
Bathrooms
— sqft
Interior
1982
Year built
$2,173 / mo
HOA
Condominium
Type
About this home
Experience Coconut Grove living at its finest at iconic Grove Towers. This beautifully updated, spacious residence offers 1,142 square feet of light-filled interiors, a thoughtful floor plan, custom closets, impact windows and doors. The living area and bedrooms open directly onto expansive balconies overlooking the lush treetop canopy. Amenities include a heated pool and jacuzzi, tennis and pickleball courts, fitness center, BBQ area, complimentary valet, guest parking, EV charging stations, and one assigned garage space. Ideally located across from the marina, sailing club, and waterfront parks, and moments from cafés, boutiques, restaurants, and top-rated schools. A must-see!
Features
- Closet Cabinetry
- Elevator
- Fire Sprinklers
- Laundry Tub
- Walk-In Closet(s)
- Open Balcony
- Other View
Leasing
- Minimum lease
- 180 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 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.