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Waterfront · Condominium
$3,125,000$1,303 / sqft
2 Grove Isle Dr # B1402, Miami FL 33133
Listed
3
Bedrooms
2
Bathrooms
2,398 sqft
Interior
1980
Year built
$3,618 / mo
HOA
Condominium
Type
About this home
Begin each day with a new sunrise over the bay, enjoying your morning coffee on the balcony as a gentle breeze welcomes the day. Stroll along the island’s waterfront path with your dog, greeting neighbors and their four-legged companions, or enjoy an invigorating jog before making time for tennis. Back home, beautifully remodeled interiors offer an inviting retreat. As evening arrives, pour a glass of wine and prepare dinner against the backdrop of an ever-changing sunset. From the first light of morning to the last glow of dusk, this residence offers a view worth pausing for. Retire to your serene primary suite and wake to another beautiful day at Grove Isle, a private island escape just minutes from the heart of Coconut Grove. Vita membership opportunities are available. Seller to pay off 100% of 40 year recertification assessment at closing.MOTIVATED SELLER.
Features
- First Floor Entry
- Pantry
- Walk-In Closet(s)
- Barbeque
- Open Balcony
- Bay
- Ocean View
- Direct Ocean
Leasing
- Minimum lease
- 160 days
- Leases permitted per year
- 2
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 14 active listings; the middle half ask $18,500–$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.