5 Grove Isle Dr # L205, Miami FL 33133, MIAMI, FL, 33133
Active147 days on marketListed Mar 17, 2026MLS #A11983875
About this home
5 Grove Isle Dr # L205, Miami FL 33133
Brand New Construction in Coconut Grove on the exclusive 20-acre gated Grove Isle private island. Residence L205 at Vita, never lived in, is a 3BR/3.5BA residence featuring a unique ~1,100 SF extended private terrace—larger than most residences— creating seamless indoor-outdoor living. Bright open floor plan with abundant natural light and en-suite bathrooms in every bedroom. A dedicated elevator opens to your private foyer, and a rare private one-car garage—located directly beneath the residence and included with the purchase— offers exceptional convenience, plus two valet parking privileges. Luxury finishes include Molteni Italian cabinetry, Miele appliances, wine cooler, Dornbracht fixtures, and pre-installed Crestron and Lutron HomeWorks smart home systems. Residents enjoy 24-hour security/concierge services, marina access, waterfront walking paths, tennis/padel courts, wellness spa and fitness center, children’s playground, and an upcoming waterfront restaurant by the owners of Daniel’s. Green-certified building, only 65 residences.
Facts & features
The home at a glance
3
Bedrooms
3.5
Bathrooms
2,608
Sqft
1
Garage
2026
Year built
$2,646
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.
$44,512 /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
$50,837/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.
vs edgeAI estimate
+181.5%
$/sqft vs Miami actives
$2,646 vs $513
Days on market
147 vs 66 typical
Where $2,646/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 907% 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 # L205
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 · Apr ’26$6,250,000
2821 S Bayshore Dr # D, Miami FL 33133
3 bd · 3.5 ba · 2,558 sqft · $2,443/sqft · 155 DOM
Sold · Jul ’26$5,300,000
2821 S Bayshore Dr # 6B, Miami FL 33133
4 bd · 3.5 ba · 2,532 sqft · $2,093/sqft · 82 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
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 5 Grove Isle Dr # L205 — 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 # L205 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
5 Grove Isle Dr # L205 FAQs
What would the monthly payment be for 5 Grove Isle Dr # L205, Miami FL 33133?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $44,512/mo — principal and interest, estimated property taxes, the $4,532/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 # L205, Miami FL 33133?+
The association fee works out to $4,532 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 # L205, 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 # L205, 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 $6,900,000, this home is listed about 1031% 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 # L205, 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
$6,900,000 runs 907% above the MIAMI 33133 median — but at 2,608 sqft it's also nearly twice 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 $4,532/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Time on market is leverage
147 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 One Sotheby's International Realty · Banna Fakhoury. MLS #A11983875.
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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