$1,199,000

3 Grove Isle Dr #CPH08, Miami, FL 33133

Bedrooms
2
Baths
2
Living area
1,642 ft²
Price per ft²
$730 / ft²
Type
Condo
Year built
1981
HOA
$2,477 / mo HOA
On market
7 days on market
MLS #
A12088644

A rare opportunity to completely reimagine a penthouse residence on exclusive Grove Isle, a private 20-acre island in Coconut Grove. Positioned on the sought-after ’08 line, this home features soaring 9-foot ceilings and breathtaking, unobstructed views of Biscayne Bay, the Atlantic Ocean, Miami skyline and marina. Ready for a complete renovation, the residence offers an extraordinary opportunity to create a one-of-a-kind home tailored entirely to your vision. The generous floor plan includes expansive living and entertaining spaces, two private terraces, and a spacious primary suite with walk-in closet and en-suite bath. Its penthouse elevation, ceiling height and panoramic setting provide an exceptional foundation for a truly custom residence. Enjoy private island living with 24-hour security, heated pool, fitness center, walking and biking paths, marina and more—all minutes from Coconut Grove, Brickell and Downtown Miami.

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 $730. The median for recorded sales in the same ZIP codes is $819/ft² — putting it 11% below the median.
  • Position in the area’s price distributionThe asking price is $1,199,000; the median of recorded sales in the area is $1,325,000 (849 sales). On raw price that is 10% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $2,477 per month comes to $29,724 a year — 2.5% 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%$359,700
Term

7.03% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 24, 2026.

Estimated monthly payment$5,601
Loan amount
$839,300
Total interest over the term
$1,176,990
Total repaid
$2,016,290

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

Douglas Elliman

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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