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Waterfront · Condominium
$3,500,000$1,460 / sqft
2 Grove Isle Dr # B1602, Miami FL 33133
Listed
3
Bedrooms
3
Bathrooms
2,398 sqft
Interior
1980
Year built
$3,618 / mo
HOA
Condominium
Type
About this home
Completely remodeled, this exceptional corner residence offers 3 bedrooms and 3 full bathrooms, with beautifully redesigned interiors and spectacular ocean and Coconut Grove views. Every detail has been thoughtfully updated, including new flooring throughout, renovated bathrooms, upgraded electrical and plumbing systems, a new electrical panel, modern lighting, and high-impact windows. The custom Mia Cucina kitchen and closets. Move-in ready. Enjoy the unique island lifestyle of Grove Isle, an exclusive guard-gated private island community in Coconut Grove, offering exceptional privacy and tranquility. Amenities include new tennis courts, a marina, fitness center. Experience serene waterfront living on Coconut Grove’s only private island.
Features
- First Floor Entry
- East Of Us1
- Bay
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit. Open in maps
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 $16,500–$35,000.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.