2740 SW 28th Ter 508, Miami, FL 33133 — MLS photo

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2740 SW 28th Ter 508, Miami, FL 33133

Active · Condominium

$384,000

2740 SW 28th Ter 508, Miami, FL 33133

Beds
1
Baths
1
Living area
629 sq ft
$ / sq ft
$610/sq ft
Year built
2006
Lot size
—
HOA fee
$659 Monthly
Annual tax
$4,929

About this property

Discover the possibilities of Coconut Grove living at Villaggio in the Grove! This desirable fifth-floor corner residence offers an opportunity to buy now & plan for the future. Whether you're looking for a Miami property to rent out before relocating, a 2nd home, a place of your own, or a place to rent now & call your own in retirement, this inviting condo offers flexibility for your next chapter. Enjoy the privacy of a true end unit with no shared party walls, along w/beautiful sunrise views over Coconut Grove's lush tropical canopy. Your private balcony creates the perfect setting for morning coffee or unwinding at the end of the day. Inside an open-concept layout connects the light-filled living area to a granite kitchen featuring a full appliance package & large eat-in breakfast bar. Resort-style amenities include a rooftop swimming pool w/lounge areas, gym, gated entry w/intercom & assigned parking. Enjoy the best of Coconut Grove's celebrated lifestyle, w/popular restaurants, boutique shopping, & cultural attractions just moments away. Convenient access to US-1 & Grove Central Metro adds connectivity throughout Miami. Buy today, enjoy the possibilities tomorrow. Whether your plans are to live in now, relocate in a few years or establish your future retirement home, this corner residence offers an opportunity to secure your place in one of Miami's most distinctive neighborhoods. Flexible rental options offer you the opportunity to earn an income right away.

Property location

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2740 SW 28th Ter 508, Miami, FL 33133

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
629 sq ft
Flooring
Carpet, Ceramic Tile, Laminate
Appliances
Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air
Heating
Central

Exterior & Structure

Property type
Condominium
Year built
2006
Stories
8
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors
Pool
Association
View
Other, Skyline

Parking

Garage spaces
1
Covered spaces
1
Parking features
Covered, One Space, Garage Door Opener

HOA, Community & Financials

Association fee
$659 Monthly
Fee inclusions
Association Management, Common Areas, Insurance, Legal Accounting, Maintenance Grounds, Maintenance Structure, Parking, Pools, Sewer, Trash, Water
Amenities
Bike Storage, Fitness Center, Pool, Trash, Elevators
Security
Secured Garage Parking, Key Card Entry, Lobby Secured, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$4,929
Subdivision
VILLAGGIO IN THE GROVE TO
County
Miami-Dade
Days on market
145
MLS listing ID
A12027026
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

-$1,145

Cap rate
2.1%
Net yield
2.1%
Cash-on-cash return
-12.8%
Gross yield
6.8%
Mortgage payment
$1,820/mo
Down payment
$96,000
Loan amount
$288,000
Annual NOI
$8,105

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