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Waterfront · Condominium
$5,300,000$2,008 / sqft
2627 S Bayshore Dr # 1803, Miami FL 33133
Listed
3
Bedrooms
4
Bathrooms
2,640 sqft
Interior
2005
Year built
$5,612 / mo
HOA
Condominium
Type
About this home
Spacious 3-bed, 3.5 bath residence with stunning water views at the prestigious Grovenor House. This 2,640 SF "flow-through" unit has breathtaking water views to the east and serene sunset views to the west. Features include "Snadeiro" kitchen cabinets with granite countertops, wood floors, a private elevator, and custom closets—perfect layout with all three bedrooms ensuite and balconies, plus a den/family room. Grovenor House provides luxurious amenities: 24-hour concierge, security, fitness center, spa, and pool. Located steps from Coconut Grove’s best dining and shops. Easy to show.
Features
- Lobby
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Walk-In Closet(s)
- Den/Library/Office
- Open Balcony
- Bay
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Daily Rentals
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.