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Waterfront · Condominium
$485,000$486 / sqft
2600 SW 27TH Avenue # 603, Miami FL 33133
Listed
2
Bedrooms
2
Bathrooms
998 sqft
Interior
2006
Year built
$792 / mo
HOA
Condominium
Type
About this home
This bright 2-bedroom, 2-bathroom condo at Gateway to the Grove offers 998 square feet of living space with ceramic flooring throughout, an upgraded kitchen with stainless steel appliances, floor-to-ceiling impact-glass sliding doors, and a large balcony. Additional features include a newer A/C system, a brand-new water heater (replaced in 2026), and a full-size washer and dryer. Unit includes two (2) parking spaces and visitor parking is available on the ground floor. Amenities include indoor pool and fitness room. Very Pet-friendly building. Walk to the Coconut Grove Metrorail Station, Target, Sprouts, Total Wine, The Underline, and more. Easy access to Coconut Grove, Coral Gables, Miracle Mile, and Brickell.
Features
- Walk-In Closet(s)
- Open Balcony
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$3,244
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,452
- HOA
- $792 / mo
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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 31 active listings; the middle half ask $3,150–$12,000.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.