$750,000

2889 Mcfarlane Rd #1610, Miami, FL 33133

Bedrooms
1
Baths
2
Living area
761 ft²
Price per ft²
$986 / ft²
Type
Condo
Year built
2001
HOA
$4,834 / mo HOA
On market
8 days on market
MLS #
A12095157

Experience elevated living and exceptional investment potential from this beautifully furnished 16th-floor corner residence at Arya Condo Hotel in the heart of Coconut Grove. Ideally positioned on a corner, this high-floor residence offers beautiful views toward Biscayne Bay, abundant natural light, and a bright, inviting atmosphere. The property offers an attractive opportunity for investors seeking rental income in one of Miami’s most desirable neighborhoods, with the flexibility to enjoy the residence personally while generating income through rentals. Resort-style amenities include a rooftop fitness center, swimming pool, on-site restaurant, squash courts, and business center. Ideally located just moments from Coconut Grove’s beautiful parks, marinas, boutique shopping, acclaimed restaurants, and vibrant entertainment. A rare opportunity to own a turnkey, fully furnished residence with strong income-producing potential and beautiful bay views in the heart of Coconut 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 $986. The median for recorded sales in the same ZIP codes is $819/ft² — putting it 20% above the median.
  • Position in the area’s price distributionThe asking price is $750,000; the median of recorded sales in the area is $1,325,000 (849 sales). On raw price that is 43% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $4,834 per month comes to $58,008 a year — 7.7% 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%$225,000
Term

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

Estimated monthly payment$3,503
Loan amount
$525,000
Total interest over the term
$736,232
Total repaid
$1,261,232

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

Barnes International Realty, LLC

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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