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Waterfront · Condominium
$3,995,000$1,528 / sqft
3 Grove Isle Dr # C1701, Miami FL 33133
Listed
3
Bedrooms
3
Bathrooms
2,614 sqft
Interior
1981
Year built
$3,945 / mo
HOA
Condominium
Type
About this home
Set within the exclusive, private enclave of Grove Isle, this completely renovated 3BD/2.5BA residence is defined by sweeping Biscayne Bay and Miami skyline views throughout. Filled with natural light, the expansive layout is thoughtfully designed to maximize the spectacular views, with generous living spaces that flow effortlessly for both everyday living and entertaining, along with a spacious balcony offering an incredible vantage point to take it all in. The spacious primary suite features its own private balcony, a custom-built walk-in closet, and a luxurious bath with dual vanities, a separate soaking tub, and walk-in shower. The kitchen is appointed with top-of-the-line appliances and ample cabinetry, offering both style and functionality. Residents of Grove Isle enjoy a private, resort-like setting with lush tropical grounds and an array of amenities, including a pool, fitness center, sauna, playground, 24-hour security, and more, all just moments from the best of Coconut Grove and Miami. 2 assigned parking spaces + valet and storage.
Features
- Built-in Features
- Cooking Island
- Entrance Foyer
- Wet Bar
- Open Balcony
- Bay
- Ocean View
- Skyline
Leasing
- Minimum lease
- 180 days
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.