3471 Main Hwy # 1240, Miami FL 33133, MIAMI, FL, 33133
Active208 days on marketListed Jan 22, 2026MLS #A11950099
About this home
3471 Main Hwy # 1240, Miami FL 33133
Cloisters on the Bay is a prestigious guard-gated bayfront enclave of only 40 homes in the heart of Coconut Grove. This rare four-level townhome offers 4 spacious bedrooms plus a dedicated office/den, 4.5 baths, a private elevator to all levels, and generous indoor–outdoor living including multiple balconies, a private walled garden, and a rooftop terrace overlooking Peacock Park. Flexible multi-level layout with large rooms, abundant natural light, marble floors, impact windows/doors, and a well-maintained original interior—ideal as a blank canvas for a full designer renovation. Private two-car garage plus two additional driveway spaces (4 spots total), a true luxury in the Grove. Community amenities include clubhouse, pool, tennis, and immediate access to marinas, parks, and CocoWalk. Recent building-wide structural inspections and strengthened reserves provide added peace of mind. This property is a rare opportunity to create a truly bespoke home at Cloisters on the Bay.
Facts & features
The home at a glance
4
Bedrooms
4.5
Bathrooms
5,660
Sqft
2
Garage
2005
Year built
$989
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$41,710 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$41,710/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Miami actives
$989 vs $508
Days on market
208 vs 66 typical
Where $989/sqft sits among the 400 Miami actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside North-east Coconut Grove
Get to know Miami. See the full Miami guide →
North-east Coconut Grove — neighborhood snapshot
Population
11,592
Median age
43
Median income
$154,193
Median home value
$1,187,873
Avg household
2
Households w/ children
1,095
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
36 of 400
Miami actives have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 718% above the MIAMI 33133 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 3471 Main Hwy # 1240
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’25$6,525,000
4115 Park Ave, Miami FL 33133
5 bd · 6.5 ba · 5,445 sqft · $1,198/sqft · 274 DOM
Sold · Oct ’25$9,995,000
3651 Saint Gaudens Rd, Coconut Grove FL 33133
5 bd · 5.5 ba · 5,409 sqft · $1,848/sqft · 1 DOM
Sold · Apr ’26$4,300,000
4185 Ventura Ave, Coconut Grove FL 33133
5 bd · 4.5 ba · 5,259 sqft · $818/sqft · 115 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Moe Thouk Oo
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 3471 Main Hwy # 1240 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 3471 Main Hwy # 1240 — before you fall in love.
See it in person
Schedule a tour
Live availability from Moe's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
3471 Main Hwy # 1240 FAQs
What would the monthly payment be for 3471 Main Hwy # 1240, Miami FL 33133?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $41,710/mo — principal and interest, the actual property-tax bill, the $4,362/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 3471 Main Hwy # 1240, Miami FL 33133?+
The association fee works out to $4,362 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 3471 Main Hwy # 1240, Miami FL 33133?+
The most recent tax bill on record (2025) was $58,442. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 3471 Main Hwy # 1240, Miami FL 33133?+
The listing reports pets: Restrictions Or Possible Restrictions. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Miami?+
At $5,600,000, this home is listed about 818% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 3471 Main Hwy # 1240, Miami FL 33133?+
Coconut Grove Elementary School (elementary), Coral Gables Senior High School (high), Ponce De Leon Middle School (middle), District Instructional Center (Dic) (), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Positioned at the premium end
$5,600,000 runs 718% above the MIAMI 33133 median — but at 5,660 sqft it's also nearly 5 times the size of the typical Miami listing.
02Other View views
The other view view is part of what you're buying — views hold value independently of the structure.
03Know the monthly fee
The association fee is $4,362/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Time on market is leverage
208 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
05Strong assigned schools
Coconut Grove Elementary School, Coral Gables Senior High School, Ponce De Leon Middle School, District Instructional Center (Dic), Instructional Center System Wide, Title I Migrant Education Program — Coconut Grove Elementary School rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of Compass Florida, LLC · Michelle Suegart PA. MLS #A11950099.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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