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Buildings/Miami/GROVE ISLE CONDO

Luxury

GROVE ISLE CONDO

3 Grove Isle Dr, Miami 33133

★ 4.4

1981

Year Built

162

Units

CI Score

Moderate

For Sale

$1.7M

Avg Price

$893

Sale $/SF

For Rent

$6,250

Avg Rent

$3.66

Rent $/SF

+5.5%

YoY

For Sale

For Rent

Investor-Owned

44%

Avg HOA

$2,840/mo

Building Details

Address

3 Grove Isle Dr, Miami, 33133

Neighborhood

Miami

Year Built

1981

Total Units

162

Avg Unit Sqft

2,186 SF

Tier

Luxury

Avg $/SF

$892.67

Avg Rent

$6,250/mo

Rent $/SF

$3.66/SF

HOA Range

$2,840 – $2,840

Google Rating

4.4 (56 reviews)

Neighborhood Rank

Top 14%

Avg Unit Value

$1.3M

Total Sales (All-Time)

703

Investment Analysis

Yield Metrics

Rental Yield (annualized)4.5%

YoY Appreciation+5.5%

Total Yield197.2%

Median Rent$6,250/mo

Liquidity & Demand

Closed Sales (120d)1

Days on Market180 days

Months of Inventory28.0

Sale-to-List Ratio1.0%

Price Reduction Rate100%

Investor-Owned44%

For Sale6

For Rent4

Top 14%

Neighborhood percentile

Market Data

Sale Price Trend ($/SF)

$893

+27.3%

Rental Price Trend ($/SF)

$3.32

-21.9%

Building Activity

Days on Market

180

Sales & Listings

Active Listings

For Sale (6)

$1.1M

Unit C708

2 bd2 ba1,642 sf

$1.3M

2 bd2 ba1,642 sf

$1.6M

Unit B1603

2 bd2 ba1,882 sf

$1.7M

Unit B1507

2 bd2 ba1,882 sf

$893/SF126 DOM

$2.4M

3 bd3 ba2,424 sf

$2.5M

Unit C605

3 bd4 ba3,764 sf

For Rent (4)

$7K

Unit C707

2 bd2 ba1,882 sf

$4/SF

$8K

2 bd2 ba1,642 sf

$11K

Unit C605

3 bd4 ba3,764 sf

$16K

3 bd4 ba2,424 sf

$7/SF148 DOM

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Sep 26, 2025	$1.5M	$797.02	2/2	1,882
Sep 23, 2025	$1.5M	$797.02	2/2	1,882
Aug 26, 2025	$2.3M	$959.13	3/2	2,398
Jul 15, 2025	$1.8M	$729.77	3/2	2,398
Jul 2, 2025	$1.8M

Units & Ownership

Total Units

162

Avg Sqft

2,186 SF

Avg Assessed

$849K

Owner-Occupied

56%

Tax & Ownership

Investor-Owned

44%

Owner-Occupied

56%

Avg Assessed Value

$849K

Avg Taxable Value

$820K

Effective Year Built

1981

Zoning

4600

Unit Mix

1 BR1

Avg 1,404 SF

2 BR92

Avg 1,837 SF

3 BR64

Avg 2,534 SF

4 BR3

Avg 3,865 SF

5 BR1

Avg 5,012 SF

6 BR1

Avg 5,012 SF

Unit Directory

Showing 10 of 162 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
C201	3	2	2,614	$808K	✓	$960K	$367	Jul 2010
C202	3	2	2,398	$1.3M	—	$1.8M	$730	Jul 2025
C203	2	2	1,882	$381K	✓	$615K	$327	Sep 2016
C204	2	2	1,882	$416K	✓	$425K	$226	Apr 2020
C205	2	2	1,882	$838K	✓	$980K	$521	Jul 2023
C206	2	2	1,642	$623K	—	$650K	$396	Mar 2022
C207	1	1	1,404	$581K	✓	$635K	$452	Sep 2022
C208	2	2	1,642	$484K	—	$625K	$381	Sep 2015
C209	3	2	2,614	$821K	✓	$385K	$147	Mar 1993
C210	3	2	2,424	$1.2M	—	$1.1M	$474	Apr 2014