$1,499,000
2 Grove Isle Drive B1603
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- Asking price
- $1,499,000
- Price per sq ft
- $796
- Vs. nearby sales
- 6.5% below
- Days on market
- 376
This 2-bedroom condo in Grove Isle Condo went under contract with an asking price of $1,499,000, or $796 per square foot. The asking price has come down 14.3% from its original $1,750,000. It spent 376 days on the market before going under contract. The 6 most recent condo sales in the closings shown below sold at a median of $851 per square foot, so the asking price was 6.5% below what comparable homes here actually sold for.
Estimated monthly payment
$7,878 /mo
Principal and interest only, based on $299,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $2,840/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $1,499,000
- Days on Site
- 376 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,882 sqft
- Total Sq Ft
- 1,882 sqft
- Year Built
- 1980
- Property Type
- Condo
- MLS #
- A11866531
- Property Tax
- $19,568 (2025)
- HOA Fees
- $2,840 / Monthly
- Subdivision
- GROVE ISLE CONDO
- County
- Miami Dade
- Status
- Under Contract
- Special Conditions
- Listed As Is
About This Property
Stunning views from this high-floor residence in the highly coveted 03 line at Grove Isle. This spacious 2-bedroom, 2-bathroom apartment features one of the most desirable floor plans in the building, offering a split layout, a den, and a convenient laundry closet. The open kitchen is equipped with stainless steel appliances, and the residence features impact windows throughout. Ideal for those seeking a luxurious waterfront lifestyle with breathtaking views on Coconut Grove’s only gated private island.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Under Contract
- Year Built
- 1980
- Property Condition
- Resale
- Number of Stories
- 169
- Garage Spaces
- 1
- Parking
- Covered
- Living Sq Ft
- 1,882
- Total Sq Ft
- 1,882
Interior Features
- Appliances
- Dishwasher / Oven
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Carpet / Ceramic Tile
- Interior Features
- Bathtub / Main Level Primary / Soaking Tub / Separate Shower
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Outdoor Living Area
- Private Pool
- Yes
- Pool Features
- Private / Association
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Bayfront
- View
- Bay / Ocean
Community & HOA
- HOA Fee
- $2,840 / Monthly
- Association Amenities
- Fitness Center / Maintenance Grounds / Picnic Area / Pool / Sauna / Storage / Trails
- Security
- Elevator Secured / Lobby Secured / Security Fence
- Pets Allowed
- Pet Restrictions / Yes
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- MLS Area
- 2410
This home's HOA fee works out to $2,840 a month, 22% below the $3,618 median across 16 homes for sale in Grove Isle Condo. See Grove Isle Condo HOA fees
Schools
- Elementary School
- Key Biscayne K-8
- Middle School
- Ponce De Leon
- High School
- Coral Gables
About the Community
Grove Isle Condo is an age-restricted 55+ community in Miami, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $995,000 to $3,500,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Grove Isle Condo and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 18
- Under Contract
- 1
- Median List Price
- $2,775,000
- Median $/Sq Ft
- $1,101
- Avg Days on Market
- 68
Frequently Asked Questions
- How do I schedule a tour of 2 Grove Isle Drive B1603, Miami, FL 33133?
- Use the Tour button on this listing to request a showing of 2 Grove Isle Drive B1603, Miami, FL 33133. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 2 Grove Isle Drive B1603, Miami, FL 33133 still available?
- 2 Grove Isle Drive B1603, Miami, FL 33133 is currently listed as Under Contract, and has been on the market 376 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 2 Grove Isle Drive B1603, Miami, FL 33133?
- With 20% down ($299,800) on the $1,499,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 2 Grove Isle Drive B1603, Miami, FL 33133 is about $7,878/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 2 Grove Isle Drive B1603, Miami, FL 33133?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 2 Grove Isle Drive B1603, Miami, FL 33133. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 2 Grove Isle Drive B1603, Miami, FL 33133 have an HOA fee?
- Yes: 2 Grove Isle Drive B1603, Miami, FL 33133 carries an HOA fee of about $2,840 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 2 Grove Isle Drive B1603, Miami, FL 33133?
- 2 Grove Isle Drive B1603, Miami, FL 33133 is zoned for Key Biscayne K-8 (elementary), Ponce De Leon (middle), Coral Gables (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 2 Grove Isle Drive B1603, Miami, FL 33133?
- Often, yes. The right offer on 2 Grove Isle Drive B1603, Miami, FL 33133 depends on how it's priced against comparable condo sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Compass Florida, LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$1,499,000
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Listed by Francis Pimentel de Matos, Compass Florida, LLC
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Recent Sales
Recently sold homes in Grove Isle Condo
These are the last 6 recorded closings in Grove Isle Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $877 per square foot. The most recent closed on September 14, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$1,225,000
Sold · September 14, 2026
2 Grove Isle Drive B805
2 bed · 2 bath · 1,882 sqft · $651/sqft
$174,000 under the asking price
Sold$950,000
Sold · August 17, 2026
3 Grove Isle Drive C208
2 bed · 2 bath · 1,642 sqft · $579/sqft
$25,000 under the asking price
Sold$2,150,000
Sold · August 17, 2026
1 Grove Isle Drive APH04
2 bed · 2 bath · 1,882 sqft · $1,142/sqft
$150,000 under the asking price
Sold$3,100,000
Sold · August 4, 2026
1 Grove Isle Drive A1809
3 bed · 2.5 bath · 2,614 sqft · $1,186/sqft
$399,000 under the asking price
Sold$2,000,000
Sold · June 4, 2026
1 Grove Isle Drive A1110
3 bed · 2.5 bath · 2,424 sqft · $825/sqft
Sold$1,650,000
Sold · May 27, 2026
3 Grove Isle Drive C1807
2 bed · 2 bath · 1,882 sqft · $877/sqft
See every recorded sale in Grove Isle Condo or find out what your Grove Isle Condo home is worth.
