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Waterfront · Condominium
$6,950,000$2,777 / sqft
5 Grove Isle Dr # L404, Coconut Grove FL 33133
Listed
3
Bedrooms
4
Bathrooms
2,503 sqft
Interior
2025
Year built
$4,367 / mo
HOA
Condominium
Type
About this home
Experience the pinnacle of waterfront luxury at Vita at Grove Isle, an exclusive private island enclave in Coconut Grove. This exceptional 3-bedroom, 3.5-bath residence offers refined living with soaring ceilings, expansive interiors, deep wraparound terraces, and breathtaking Biscayne Bay views. Designed for seamless indoor-outdoor living, the home features elegant contemporary finishes and a sophisticated Italian Molteni&C kitchen, creating an atmosphere of timeless modern elegance. Set on a private 20-acre island, Vita at Grove Isle offers an unparalleled resort lifestyle with a private marina, Baywalk Promenade, and exclusive access to the Grove Isle Club featuring tennis, pool, spa, and waterfront dining. A rare opportunity to enjoy privacy, serenity, and world-class amenities just minutes from the vibrant charm of Coconut Grove.
Features
- Lobby
- Built-in Features
- East Of Us1
- Open Balcony
- Bay
- Water View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
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.
Location
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 17 active listings; the middle half ask $15,700–$30,000.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.