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Waterfront · Condominium
$2,300,000$2,199 / sqft
2831 S Bayshore Dr # 702, Miami FL 33133
Listed
2
Bedrooms
2
Bathrooms
1,046 sqft
Interior
2018
Year built
$3,063 / mo
HOA
Condominium
Type
About this home
Beautiful 2-bedrooms, 2 bathrooms with a separate dining room/den condo located in the luxurious Club Residences Park Grove which embodies prime Coconut Grove living. The unit features high ceilings, a split floor plan, and a gorgeous oversized private terrace with direct views of sailboat bay. Gourmet kitchen with an open bar counter, Wolf & Subzero appliances, and stunning bespoke countertops. Motorized window and blackout shades, walk-in closets, and beautiful views from each room. Unit comes with one assigned parking space. Enjoy 5-star amenities, lush landscaped gardens , 24-hr concierge/valet, business center, fitness center, rooftop pool, spa, theater, onsite restaurant, children's playroom and much more.
Features
- Built-in Features
- Cooking Island
- Split Bedroom
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Bay
- Other View
- Water View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
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 32 active listings; the middle half ask $3,275–$12,250.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.