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Waterfront · Condominium
$9,995,000$2,718 / sqft
5 GROVE ISLE DR # M502, Miami FL 33133
Listed
4
Bedrooms
5
Bathrooms
3,677 sqft
Interior
2025
Year built
$8,572 / mo
HOA
Condominium
Type
About this home
Experience private island living at Vita at Grove Isle, an exclusive residential masterpiece by renowned developer Ugo Colombo. This fully finished residence features custom built-in closets in all bedrooms, shades and blackout treatments throughout, and the Italian marble floors have already been professionally treated and sealed. The Molteni&C kitchen combines refined Italian cabinetry with premium Miele appliances, Dornbracht fixtures, 10-foot ceilings, and a sophisticated Lutron smart home system. The spa-inspired primary bath features steam and aromatherapy for the ultimate in-home retreat. Vita creates an intimate, resort-style atmosphere, with 2 waterfront pools and bar, fitness center, wellness spa, and dedicated concierge services. Residents also enjoy exclusive membership to the Grove Isle Club, offering tennis, pickleball, and padel. The property is also home to its signature restaurant, La Sponda, from the team behind Daniel’s Miami, which offers "room service" directly to the residences. This is more than a home—it’s a private island lifestyle.
Features
- Closet Cabinetry
- Cooking Island
- French Doors
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Bay
- Direct Ocean
- Water View
Leasing
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 4-bed rentals across Miami-Dade, from 116 active listings; the middle half ask $15,000–$37,000.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.