5 Grove Isle Dr # S201, Miami FL 33133, MIAMI, FL, 33133
Active171 days on marketListed Feb 27, 2026MLS #A11973764
About this home
5 Grove Isle Dr # S201, Miami FL 33133
Welcome to Vita at Grove Isle, an exclusive residential enclave by acclaimed developer Ugo Colombo, set on a private 20acre island just minutes from Coconut Grove. This exceptional residence offers 3,876SF of elegant interiors & 1,926SF of expansive terraces, including a rare 98’ x 18’ outdoor living space overlooking the water. A private elevator opens directly into the home, one of only 65 residences. Features include an open-concept Molteni &C kitchen, spa-inspired baths with Italian bookmatched stone, steam showers, & pre-installed Crestron system. Enjoy membership to the Grove Isle Racquet & Yacht Club, wellness spa, fitness center, tennis and pickleball courts, concierge, poolside bar, waterfront dining La Sponda operated by Gioia Hospitality Group. Private Garage included.
Facts & features
The home at a glance
3
Bedrooms
3.5
Bathrooms
3,876
Sqft
3
Garage
2025
Year built
$2,319
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.
$58,781 /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
$67,022/mo
Includes estimated PMI — it drops off once you reach 20% equity. Estimates only — taxes at 1.1%/yr and typical insurance; 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
$2,319 vs $508
Days on market
171 vs 66 typical
Where $2,319/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 Fair Isle
Get to know Miami. See the full Miami guide →
Fair Isle — neighborhood snapshot
Population
635
Median age
57
Median income
$210,278
Median home value
$1,415,800
Avg household
2
Households w/ children
56%
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 1212% above the MIAMI 33133 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 5 Grove Isle Dr # S201
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$19,800,000
5 Grove Isle Dr # S04, Miami FL 33133 · same community
4 bd · 5.5 ba · 5,885 sqft · $3,364/sqft · 232 DOM
Sold · Nov ’25$3,592,000
2843 S Bayshore Dr, Miami FL 33133
3 bd · 4.5 ba · 4,236 sqft · $848/sqft · 217 DOM
Sold · Oct ’25$7,000,000
2811 S Bayshore Dr # 4A, Miami FL 33133
4 bd · 5.5 ba · 3,247 sqft · $2,156/sqft · 87 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
Erwin Vazquez
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 5 Grove Isle Dr # S201 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5 Grove Isle Dr # S201 — before you fall in love.
See it in person
Schedule a tour
Live availability from Erwin's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
5 Grove Isle Dr # S201 FAQs
What would the monthly payment be for 5 Grove Isle Dr # S201, Miami FL 33133?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $58,781/mo — principal and interest, estimated property taxes, the $6,740/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 5 Grove Isle Dr # S201, Miami FL 33133?+
The association fee works out to $6,740 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 5 Grove Isle Dr # S201, Miami FL 33133?+
The most recent tax bill on record (2026) was $0. 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 5 Grove Isle Dr # S201, 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 $8,990,000, this home is listed about 1374% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 5 Grove Isle Dr # S201, 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
$8,990,000 runs 1212% above the MIAMI 33133 median — but at 3,876 sqft it's also nearly 3 times the size of the typical Miami listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Know the monthly fee
The association fee is $6,740/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Time on market is leverage
171 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 Cervera Real Estate Inc. · Sandra Masis. MLS #A11973764.
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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