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Waterfront · Condominium
$1,700,000$903 / sqft
3 Grove Isle Dr # C803, Miami FL 33133
Listed
2
Bedrooms
2
Bathrooms
1,882 sqft
Interior
1981
Year built
$2,840 / mo
HOA
Condominium
Type
About this home
Experience unit C803 a beautifully renovated & luxuriously appointed 2 bedroom 2 bath condo at the exclusive, guard-gated island community of Grove Isle. Spanning 1882 SF this exceptional home features a desirable split-bdrm plan filled with natural light & Biscayne Bay views from its elevated 8th-floor position. Overlooking the newly completed Vitas, an ultra-luxury waterfront condominium w/residences starting at $8.5M, C803 enjoys a coveted outlook further enhancing its appeal. Redesigned premium finishes include elegant porcelain floors, custom cabinetry, top-of-the-line Bosch appliances, impact windows & doors and a dedicated utility room w/laundry & sink. Expansive living & dining areas flow seamlessly to a private terrace, creating an ideal setting for relaxing or entertaining. The spacious primary suite offers terrace access, a generous dressing area, spa-inspired bath and oversized walk-in closet. A well-appointed second suite features abundant closet space & a full bath w/dual access from both the bdrm & hallway. Residents enjoy an unparalleled resort-style lifestyle w/24-hour gated security, concierge & valet services, a waterfront pool, tennis courts, a new racquet club, marina access, a private beach & the forthcoming La Sponda, a Michelin-recognized Italian coastal-inspired waterfront restaurant. Just minutes from the boutiques, restaurants, parks & attractions of Coconut Grove, Key Biscayne & Brickell, while enjoying the privacy & exclusivity of island living.
Features
- Closet Cabinetry
- Entrance Foyer
- Walk-In Closet(s)
- Utility Room/Laundry
- East Of Us1
- Open Balcony
- 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 2-bed rentals in Coconut Grove, from 31 active listings; the middle half ask $3,150–$12,000.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.