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Condominium
$675,000$994 / sqft
2889 Mcfarlane Rd # 1512, Miami FL 33133
Listed
1
Bedrooms
2
Bathrooms
679 sqft
Interior
2001
Year built
$1,351 / mo
HOA
Condominium
Type
About this home
Excellent investment and lifestyle opportunity at the Arya Hotel in the heart of Coconut Grove. This 15th-floor corner unit features a private corner balcony with great views and a desirable two-key configuration, allowing the unit to be split into two separate rental spaces for added flexibility and income potential. With no rental restrictions, the property offers excellent versatility for investors, vacation use, or personal enjoyment. Full-service hotel amenities include pool, fitness center, restaurant, squash courts, security, business center, and front desk. Prime Coconut Grove location within walking distance to cafés, restaurants, shops, nightlife, boating, and Regatta Park.
Features
- Built-in Features
- Fire Sprinklers
- East Of Us1
- Open Balcony
- Garden View
- Other View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Daily Rentals Allowed
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.
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 1-bed rentals in Coconut Grove, from 32 active listings; the middle half ask $2,250–$4,000.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.