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5
Bedrooms
6
Bathrooms
— sqft
Interior
2027
Year built
None
HOA
Single Family Residence
Type
About this home
Rare opportunity to create a custom luxury residence without starting the lengthy design and permitting process from scratch. This modern tropical residence, designed by Studio Dell’ Arte, is being offered with approved and permitted plans for a stunning modern tropical residence, which features 5 bedrooms, each with an en-suite bathroom, plus a powder room, a state-of-the-art kitchen with pantry, and beautifully proportioned living and entertaining spaces. The design emphasizes an exceptional flow-through layout, abundant natural light, and a seamless connection between indoor and outdoor living. Expansive glass panels bring the outdoors in, creating bright, open interiors that embrace Coconut Grove’s lush tropical setting. The outdoor spaces are equally inviting, with plans for a private pool, BBQ area, and spacious rooftop terrace—an ideal setting for entertaining, relaxing, and enjoying the South Florida lifestyle year-round. Ideally situated within walking distance of Downtown Coconut Grove, with its acclaimed restaurants, cafés, boutiques, parks, marina, and vibrant village atmosphere, this property offers the opportunity to create a truly special residence in one of Miami’s most sought-after neighborhoods.
Features
- First Floor Entry
- Other
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$8,090
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 5-bed rentals in Coconut Grove, from 8 active listings; the middle half ask $19,500–$38,000.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.