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Waterfront · Condominium
$1,495,000$1,077 / sqft
2843 S Bayshore Dr # 11C, Miami FL 33133
Listed
2
Bedrooms
2
Bathrooms
1,388 sqft
Interior
1982
Year built
$2,400 / mo
HOA
Condominium
Type
About this home
Wake up to open bay views and enjoy sunset skies over Coconut Grove from this spectacular 2-bedroom, 2-bathroom water-facing unit at Grove Towers. Overlooking Biscayne Bay, the 1,388 SF residence offers expansive water views framed by Coconut Grove’s mature tree canopy, with sailboats and greenery visible throughout the day. Features include a light-filled layout with impact windows and doors, expansive terraces, and a well-proportioned floor plan that emphasizes indoor-outdoor living. Living and bedroom spaces open directly to the balconies, allowing for consistent natural light and bay views from multiple rooms. Perfectly situated in one of the most sought-after neighborhoods of Coconut Grove, Grove Towers offers a wide variety of amenities including a heated pool and jacuzzi, tennis and pickleball courts, gym, BBQ area, storage, complimentary valet service, guest parking, EV charging stations, and one assigned garage parking space. Located just moments from the marina, sailing club, waterfront parks, cafés, boutiques, restaurants, and top-rated schools, the property offers convenient access to the best that Coconut Grove has to offer.
Features
- Lobby
- Built-in Features
- Closet Cabinetry
- Other
- Utility Room/Laundry
- Open Balcony
- Bay
Leasing
- Minimum lease
- 365 days
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 29 active listings; the middle half ask $2,850–$12,500.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.