2 Grove Isle Dr B801-802, Miami, FL 33133 — MLS photo

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2 Grove Isle Dr B801-802, Miami, FL 33133

Active · Condominium

$6,900,000

2 Grove Isle Dr B801-802, Miami, FL 33133

Beds
6
Baths
5
Living area
5,012 sq ft
$ / sq ft
$1,377/sq ft
Year built
1980
Lot size
—
HOA fee
$7,563 Monthly
Annual tax
$60,949

About this property

A rare opportunity to own a beautifully appointed double residence at Grove Isle. Nowhere in Miami will you find a piece of paradise like this. Combining the coveted 01/02 lines, this exceptional home offers 6 bedrooms, 4.5 bathrooms, over 5,000 SF of interior living space, and four spacious balconies with breathtaking 180-degree views of Biscayne Bay, Grove Isle Marina, lush tropical landscapes, and the Downtown Coconut Grove skyline. The residence features calming white and linen tones, a large chef’s kitchen with breakfast area, formal dining room for entertaining, multiple social spaces, exquisite custom cabinetry with abundant storage, a full-size laundry room, hurricane-impact windows and doors, and ample wall space for an art collection. Wake up to beautiful sunrises and unwind each evening with spectacular sunsets. Grove Isle is an exclusive 20-acre private island offering 24-hour security, concierge, valet and assigned parking, additional storage, two pools, two jacuzzis, playground, game room, party rooms with full kitchens, tiki huts with BBQs, gym, and yoga/exercise studio. Stroll or bike into Coconut Grove with its shops, restaurants, cafés, marinas, and Bayfront parks. Located close to Brickell, Downtown Miami, Coral Gables, and Miami International Airport. Residents will also enjoy access to Vita’s upcoming private club membership which offers amenities such as Vita's bayside pool, tennis, dining, and more. Grove Isle has completed its 40-year recertification.

Property location

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2 Grove Isle Dr B801-802, Miami, FL 33133

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Facts & features

Interior

Bedrooms
6
Bathrooms
5
Living area
5,012 sq ft
Flooring
Marble, Other
Appliances
Built In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bidet, Built In Features, Bedroom On Main Level, Breakfast Area, Closet Cabinetry, Dining Area, Separate Formal Dining Room, Dual Sinks, Entrance Foyer, Eat In Kitchen, Kitchen Island, Main Living Area Entry Level, Pantry, Sitting Area In Primary, Split Bedrooms, Shower Only, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1980
Stories
18
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Porch, Tennis Courts, Security High Impact Doors
Pool
Heated
Waterfront
Bayfront, No Fixed Bridges, Ocean Access, Seawall
View
Bay, Ocean

Parking

Garage spaces
2
Covered spaces
2
Parking features
Attached Carport, Assigned, Covered, Valet, Garage Door Opener

HOA, Community & Financials

Association fee
$7,563 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Insurance, Internet, Parking, Pest Control, Reserve Fund, Sewer, Security, Trash, Water
Amenities
Marina, Bike Storage, Clubhouse, Community Kitchen, Fitness Center, Barbecue, Picnic Area, Playground, Pool, Spa Hot Tub, Storage, Trails, Trash, Elevators
Security
Door Man, Security Guard
Pets allowed
Conditional, Cats Ok, Dogs Ok, Size Limit, Yes
Annual tax
$60,949
Subdivision
GROVE ISLE CONDO
County
Miami-Dade
Days on market
151
MLS listing ID
A12021534
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$24,179

Cap rate
1.5%
Net yield
1.5%
Cash-on-cash return
-15.0%
Gross yield
4.9%
Mortgage payment
$32,710/mo
Down payment
$1,725,000
Loan amount
$5,175,000
Annual NOI
$102,363

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.