, MIAMI, FL, 33133
Active73 days on marketListed Apr 30, 2026MLS #A12010617
About this home
Come to paradise on this private, secure island offering resort-style living at its finest. Enjoy multiple swimming pools, tennis courts, expansive walking paths, and a children’s playground. Rarely available PH4 in Building 1, featuring a south exposure with unobstructed views of the Bay, the Ocean, and Coconut Grove. This 2-bedroom, 2-bath split floor plan residence is beautifully updated with custom built-ins and opens to a large private balcony, perfect for relaxing or entertaining while taking in breathtaking vistas. Walking distance to Coconut Grove, restaurants and shops.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,882
Sqft
2
Garage
1979
Year built
$1,222
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.
$17,876 /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
$17,876/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.
vs edgeAI estimate
+39.7%
$/sqft vs GROVE ISLE CONDO
$1,222 vs $796
Days on market
73 vs 26 typical
Where $1,222/sqft sits among the 11 homes for sale in GROVE ISLE CONDO
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
$495K → $560K
Miami median sold, yr/yr
98.2%
Sale-to-list ratio (12 mo)
1 of 11
GROVE ISLE CONDO have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 35% above the Fair Isle median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$1,350,000
1 Grove Isle Dr # A504, Miami FL 33133 · same community
2 bd · 2 ba · 1,882 sqft · $717/sqft · 44 DOM
Sold · May ’26$1,650,000
3 Grove Isle Dr # C1807, Miami FL 33133 · same community
2 bd · 2 ba · 1,882 sqft · $877/sqft · 10 DOM
Sold · Jul ’25$1,525,000
1 Grove Isle Dr # A1207, Coconut Grove FL 33133 · same community
2 bd · 2 ba · 1,882 sqft · $810/sqft · 34 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
Lacie Springstead
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for — before you fall in love.
See it in person
Schedule a tour
Live availability from Lacie's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
FAQs
What would the monthly payment be for ?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $17,876/mo — principal and interest, the actual property-tax bill, the $2,840/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 ?+
The association fee works out to $2,840 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on ?+
The most recent tax bill on record (2025) was $19,231. 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 ?+
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 $2,300,000, this home is listed about 360% above the Miami median of $500,000. The market section on this page shows how the area is trending.
Which schools are assigned to ?+
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
$2,300,000 runs 35% above the Fair Isle median — but at 1,882 sqft it's also 61% larger than 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 $2,840/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Time on market is leverage
73 days on market against a Miami median of 26 — 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 New Wave Realty, LLC. · Irene Arditi. MLS #A12010617.
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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