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Waterfront · Condominium
$3,100,000$1,293 / sqft
3 Grove Isle Dr # C1402, Miami FL 33133
Listed
3
Bedrooms
2
Bathrooms
2,398 sqft
Interior
1981
Year built
$3,618 / mo
HOA
Condominium
Type
About this home
Beautifully updated and ready to move in, this 3 bedroom, 2 bathroom unit spans 2,398 square feet and enjoys spectacular views of Biscayne Bay, Key Biscayne, Coconut Grove, and Coral Gables! The corner-unit condo has a well thought-out floorplan with a foyer entry leading to the large, open living and dining area with a custom bar and sliding door access to the large wrap-around balcony. The renovated kitchen includes plenty of workspace with a large center island, and stainless steel appliances. All 3 bedrooms have beautiful views, and the primary suite is a true sanctuary with a private balcony, large walk-in closet, and a lovely modern bathroom. Grove Isle features 24 hour security, resort-style pools and amenities, valet, tennis courts, and more, all just minutes from downtown Miami and downtown Coconut Grove!
Features
- First Floor Entry
- Bar
- Built-in Features
- Closet Cabinetry
- Entrance Foyer
- French Doors
- Pantry
- East Of Us1
- Open Balcony
- Tennis Court(s)
- Bay
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 17 active listings; the middle half ask $15,700–$30,000.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.