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Condominium
$2,200,000$2,249 / sqft
2831 S Bayshore Drive # 2204, Miami FL 33133
Listed
2
Bedrooms
2
Bathrooms
978 sqft
Interior
2018
Year built
$2,884 / mo
HOA
Condominium
Type
About this home
Rarely available Lower Penthouse corner residence at Park Grove featuring two water-facing balconies with stunning views of Biscayne Bay, the Atlantic Ocean, Brickell, and South Beach. This northeast corner home is filled with natural light through dramatic floor-to-ceiling windows. The William Sofield-designed chef's kitchen offers premium Wolf and Sub-Zero appliances, a gas range, marble countertops, and a spacious center island. Enjoy world-class amenities including a private rooftop pool and Jacuzzi, fitness center, luxury spa, movie theater, on-site restaurant with in-residence dining, and a resort-style rooftop with multiple pools, cabanas, grilling areas, and five acres of beautifully landscaped grounds designed by Enzo Enea.
Features
- Bar
- Closet Cabinetry
- Cooking Island
- Fire Sprinklers
- Walk-In Closet(s)
- Den/Library/Office
- Exterior Lights
- Open Balcony
- Bay
- Water
- Bay View
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 2-bed rentals in Coconut Grove, from 32 active listings; the middle half ask $3,275–$12,250.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.