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Condominium at 2831 S Bayshore Drive # 2204, Miami FL 33133Active
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Condominium
$2,200,000$2,249 / sqft

2831 S Bayshore Drive # 2204, Miami FL 33133

2
Bedrooms
2
Bathrooms
978 sqft
Interior
2018
Year built
$2,884 / mo
HOA
Condominium
Type

About this home

Rarely available Lower Penthouse corner residence at Park Grove featuring two water-facing balconies with stunning views of Biscayne Bay, the Atlantic Ocean, Brickell, and South Beach. This northeast corner home is filled with natural light through dramatic floor-to-ceiling windows. The William Sofield-designed chef's kitchen offers premium Wolf and Sub-Zero appliances, a gas range, marble countertops, and a spacious center island. Enjoy world-class amenities including a private rooftop pool and Jacuzzi, fitness center, luxury spa, movie theater, on-site restaurant with in-residence dining, and a resort-style rooftop with multiple pools, cabanas, grilling areas, and five acres of beautifully landscaped grounds designed by Enzo Enea.

Features

  • Bar
  • Closet Cabinetry
  • Cooking Island
  • Fire Sprinklers
  • Walk-In Closet(s)
  • Den/Library/Office
  • Exterior Lights
  • Open Balcony
  • Bay
  • Water
  • Bay View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$14,008

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$11,124
HOA
$2,884 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Compass Florida LLC

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.