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Waterfront · Condominium
$2,900,000$1,109 / sqft
2 Grove Isle Dr # B1109, Coconut Grove FL 33133
Listed
3
Bedrooms
3
Bathrooms
2,614 sqft
Interior
1980
Year built
$3,945 / mo
HOA
Condominium
Type
About this home
A rare offering in the coveted 09 line at Grove Isle, this beautifully updated 3-bedroom, 2.5-bath residence showcases sweeping water views and refined, light-filled interiors. Expansive living spaces include an oversized living room, family room, formal dining area, and a separate breakfast space designed for both relaxed daily living and elegant entertaining. The private primary suite serves as a tranquil retreat with its own balcony, custom walk-in closet, and a marble-appointed bath with bespoke finishes. Thoughtfully renovated, the home features premium imported wood flooring, a marble kitchen with custom cabinetry, wine refrigeration, and an alkaline water system, along with a dedicated laundry area. Enhanced with designer details, solid-core doors, and sun control film, this residence is set within a guard-gated island community offering resort-style amenities, marina access, and proximity to Coconut Grove’s vibrant dining and lifestyle. Photos of the living and dining areas are virtually staged.
Features
- Lobby
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Fire Sprinklers
- French Doors
- Laundry Tub
- Walk-In Closet(s)
- Certified Watt-Wise
- Barbeque
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.