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$420,000

2889 Mcfarlane Rd #1607, Miami, FL 33133

Baths
1
Living area
397 ft²
Price per ft²
$1,058 / ft²
Type
Condo
Year built
2001
HOA
$2,455 / mo HOA
On market
24 days on market
MLS #
A12095191

GREAT PROPERTY AND INVESTMENT OPPORTUNITY IN THE HEART OF COCONUT GROVE! Beautiful studio at the Arya Hotel & Suites offering a private balcony and great views in a full-service hotel condominium. With no rental restrictions, this property offers excellent flexibility for investment, personal enjoyment, or a combination of both. Enjoy resort-style amenities including a pool, fitness center, restaurant, squash courts, business center, security, and front desk services. Ideally located within walking distance of Coconut Grove’s best restaurants, cafés, shops, nightlife, boating, Regatta Park, and everything the Grove has to offer. A fantastic opportunity to own in one of Miami’s most desirable and vibrant neighborhoods!

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 $1,058. The median for recorded sales in the same ZIP codes is $818/ft² — putting it 29% above the median.
  • Position in the area’s price distributionThe asking price is $420,000; the median of recorded sales in the area is $1,333,400 (851 sales). On raw price that is 69% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $2,455 per month comes to $29,460 a year — 7.0% 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%$126,000
Term

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

Estimated monthly payment$2,036
Loan amount
$294,000
Total interest over the term
$438,815
Total repaid
$732,815

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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