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$459,000

2889 Mcfarlane Rd #1409, Miami, FL 33133

Baths
1
Living area
410 ft²
Price per ft²
$1,120 / ft²
Type
Condo
Year built
2001
HOA
$2,535 / mo HOA
On market
270 days on market
MLS #
A11950378

Live the ultimate Coconut Grove lifestyle in this chic new renovation and perfectly appointed studio,professionally decorated ideally positioned in one of South Florida’s most coveted walk-to-everything neighborhoods. Just steps from world-class dining, boutique shopping, lively nightlife, waterfront parks, sailing clubs, and year-round events, this is urban convenience with a tropical twist.No rental restrictions allow for revenue producing venue. Step inside to discover a bright, thoughtfully designed floor plan that maximizes space and flow — perfect as a primary residence, pied-à-terre, or investment property. The open layout offers seamless living, dining, and sleeping areas, while abundant natural light and stylish finishes create a breezy, modern vibe that feels quintessentially Grove

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $1,120. The median for recorded sales in the same ZIP codes is $818/ft² — putting it 37% above the median.
  • Position in the area’s price distributionThe asking price is $459,000; the median of recorded sales in the area is $1,333,400 (851 sales). On raw price that is 66% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $2,535 per month comes to $30,420 a year — 6.6% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33133, 33129 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$137,700
Term

7.4% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 15, 2026.

Estimated monthly payment$2,225
Loan amount
$321,300
Total interest over the term
$479,562
Total repaid
$800,862

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Miami Property Shop

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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