5 Grove Isle Dr # S302, Coconut Grove FL 33133, COCONUT GROVE, FL, 33133
Active105 days on marketListed May 5, 2026MLS #A12013628
About this home
5 Grove Isle Dr # S302, Coconut Grove FL 33133
Experience elevated island living at Vita at Grove Isle, one of Miami’s most exclusive new waterfront addresses. Residence S302 offers a rare opportunity to live within a private 20-acre island enclave just minutes from the vibrant village of Coconut Grove.This brand-new residence features expansive light-filled interiors with soaring ceilings and floor-to-ceiling glass that capture breathtaking water views and abundant natural light throughout the day. A private elevator opens directly into the home, creating a sense of privacy and exclusivity. The open-concept layout seamlessly connects the living and dining areas to generous terraces, perfect for indoor-outdoor living while enjoying tranquil bay views. Molteni Kitchen cabinetry, premium integrated appliances, and refined stone finishes. The spacious primary suite offers a serene retreat with a spa-inspired bathroom and elegant finishes. Residents enjoy boutique-style living with a limited number of residences and access to world-class amenities including concierge service, waterfront pool, wellness and fitness facilities, and membership opportunities at the Club featuring tennis, padel, marina access, and waterfront dining.Set within lush tropical landscaping and surrounded by water, yet moments from Coconut Grove’s renowned restaurants, marinas, and boutiques, Residence L506 offers the perfect balance of privacy, luxury, and convenience.
Facts & features
The home at a glance
3
Bedrooms
3.5
Bathrooms
2,433
Sqft
2
Garage
$14
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Principal and interest plus estimated taxes and insurance. Run your own numbers below.
$414 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$414/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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 VITA AT GROVE ISLE
$14 vs $2,659
Days on market
105 vs 87 typical
Where $14/sqft sits among the 6 homes for sale in VITA AT GROVE ISLE
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 Coconut Grove. See the full Coconut Grove 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 Coconut Grove market
$1.4M → $8.8M
Coconut Grove median sold, yr/yr
94.1%
Sale-to-list ratio (12 mo)
0 of 6
VITA AT GROVE ISLE have cut their price
This home is listed 95% below the COCONUT GROVE 33133 median. See the full Coconut Grove market guide →
Paper trail
This home's history
Reality check
What actually sold near 5 Grove Isle Dr # S302
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Apr ’26$6,500,000
5 Grove Isle Drive # S502, Coconut Grove FL 33133 · same community
3 bd · 3.5 ba · 2,622 sqft · $2,479/sqft · 131 DOM
Sold · Mar ’26$9,400,000
5 Grove Isle Dr. # M401, Coconut Grove FL 33133 · same community
4 bd · 4.5 ba · 3,904 sqft · $2,408/sqft · 15 DOM
Sold · Mar ’26$2,550,000
2901 S Bayshore Dr, Miami FL 33133
3 bd · 3.5 ba · 2,403 sqft · $1,061/sqft · 238 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 # S302 — 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 # S302 — 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 # S302 FAQs
What would the monthly payment be for 5 Grove Isle Dr # S302, Coconut Grove FL 33133?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $414/mo — principal and interest, estimated property taxes 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.
Are pets allowed at 5 Grove Isle Dr # S302, Coconut Grove 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 Coconut Grove?+
At $35,000, this home is listed about 99% below the Coconut Grove median of $3,581,200. The market section on this page shows how the area is trending.
Which schools are assigned to 5 Grove Isle Dr # S302, Coconut Grove 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
Three things that matter here
01Under the COCONUT GROVE 33133 market on paper
$35,000 is 95% below the COCONUT GROVE 33133 median of $685,000, and at $14/sqft it sits under the Coconut Grove average of $1,763.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Strong 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 Compass Florida, LLC · Monica Slodarz. MLS #A12013628.
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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