2951 S Bayshore Dr # 3, Miami FL 33133 | Miami-Dade County | A11960004
- $1,300,000
- Condominium
- 2
- 2
- 2
- 1040 Sq Ft
- $1,300,000
Description
Experience elevated living in this rare 2-bedroom, 2-bathroom penthouse offering 1,040 SF of interior space plus an expansive 742 SF private rooftop terrace with breathtaking views over Sailboat Bay. Perched atop the iconic Mutiny Hotel in the heart of Coconut Grove, this unique residence delivers the perfect blend of lifestyle and investment flexibility. Enjoy indoor-outdoor living ideal for entertaining, sunset cocktails, or simply soaking in the bay views. The Mutiny is one of the few buildings in Coconut Grove that permits short-term rentals, creating exceptional income potential and versatility for owners. Just steps from the Grove’s best restaurants, cafés, boutiques, waterfront parks, and marinas, this prime location puts you in the center of Miami’s most charming and walkable neighborhood. Truly a one-of-a-kind opportunity — the only property at this price point in Coconut Grove offering a penthouse layout, private rooftop terrace, expansive bay views, and short-term rental flexibility.
Property Overview
This is a 2-bedroom, 2-bath condominium of about 1040 square feet at 2951 S Bayshore Dr # 3, Miami FL 33133 (Miami 33133), listed at $1,300,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $1,767.
The tax of record is $15,183 (2026). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $26,000/yr (≈ $2,167/mo); with the homestead exemption on a primary residence, about $25,000/yr (≈ $2,083/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price is $1,300,000. This specific unit is being sold unfurnished. The sale includes all permanently installed fixtures and built-in appliances within the condo.
Community amenities for residents, managed by the HOA, include a bar, business center, elevators, exercise room, heated pool, sauna, and spa. To confirm the exact items included and review the HOA's governing documents, contact Christopher Lazaro, Miami Real Estate Advisor.
Where exactly is it, and what should I know about the location?
The property is located in Miami, Florida 33133, specifically on the coastal corridor of South Bayshore Drive. This places it within the established Coconut Grove neighborhood.
For a detailed discussion of the immediate area and its specific dynamics, you should contact Christopher Lazaro, Miami Real Estate Advisor, to verify current conditions.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee for this residence is $1,767. According to the association's governing documents, this fee covers the following items: All Amenities, Building Exterior, Cable TV, Common Area maintenance, Elevator, Hot Water, Landscaping/Lawn Maintenance, Legal/Accounting services, Manager, Parking, Reserve Fund contributions, Security, Sewer, Trash Removal, and Water.
Please be aware that community operations are also subject to Miami city ordinances. For a complete review of the financials and covenants, contact Christopher Lazaro, Miami Real Estate Advisor.
What are the property taxes and homestead implications?
The tax of record is $15,183 (2026). As an estimate only, Florida reassesses at sale; at this list price of $1,300,000 and a Miami-Dade rate near 2.0%, your annual property tax could be approximately $26,000 without a homestead exemption, or about $25,000 with it. The homestead exemption lowers the taxable value only for a primary residence.
These are estimates, not quotes. Confirm exact figures with the Miami-Dade Property Appraiser and a tax professional, and contact Christopher Lazaro, Miami Real Estate Advisor, for detailed verification.
Is the home in a flood zone, and what does that mean?
This property is located in a high-risk flood zone, designated as AE by FEMA. This means lenders will require you to carry a separate flood insurance policy, as standard homeowner's insurance does not cover flood damage. You can review the FEMA definitions and View the FEMA flood map for this address for official details.
For a precise assessment of insurance implications and cost projections for this specific condo, contact Christopher Lazaro, Miami Real Estate Advisor.
Are pets allowed?
According to the MLS, the listing for 2951 S Bayshore Dr # 3 notes 'Restrictions Or Possible Restrictions' regarding pets. Pets are allowed, with restrictions (or possible restrictions); we will pull the condominium association's exact and current pet rules for this unit upon request.
If a documented service animal or emotional support animal is involved, separate federal accommodation rules can apply. For precise verification, please reach out to Christopher Lazaro, Miami Real Estate Advisor.
How is the price set and is there room to negotiate?
The price is set using a comparative market analysis of recent sales in the building and vicinity. For broader context, Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026).
To understand the specific negotiation position for unit #3, I can provide a current CMA for Miami condos. Contact Christopher Lazaro, Miami Real Estate Advisor, to review it before you decide on an offer strategy.
What financing step do you recommend before touring?
I recommend securing a mortgage pre-approval before touring any property. This step clarifies your budget and strengthens your position as a serious buyer. Connect with a Florida-licensed mortgage originator at Get-PreApproved.com to begin this process.
For a precise evaluation of this unit at $1,300,000, contact Christopher Lazaro, Miami Real Estate Advisor, to verify financial feasibility and discuss the property's specific dynamics.
Monthly Fees & Carrying Costs
| Association Fee | $1,767 / month |
| Total Monthly Fees | $1,767 / month |
- Membership Required: No
Have a question about this Miami listing?
Talk directly with Christopher Lazaro, your Miami real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: Bayshore Dr
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City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33133
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Area: THE MUTINY CONDO
Details
Updated on June 23, 2026 at 7:48 am-
Property ID A11960004
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Price $1,300,000
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Property Size 1040 Sq Ft
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Bedrooms 2
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Room 0
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Bathrooms 2
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Garages 2
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Year Built 1998
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Marble, Tile
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Bedroom Features Entry Level, Primary Bath Tub
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Cooling Central Air, Electric
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Association Type Condo
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Building The Mutiny Hotel
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Association Fee Frequency Monthly
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Area The Mutiny Condo
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Annual Tax 15183
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Association Yes
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Elementary School Coconut Grove
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Private Pool No
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Listing Terms All Cash, Conventional
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Neighborhood Coconut Grove
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Waterfront Yes
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Full Bathrooms 2
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Subdivision THE MUTINY CONDO
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Total Stories 12
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Restrictions Daily Rentals Allowed, No Restrictions, Ok To Lease
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Parking 2 Or More Spaces, Covered, Valet
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Heating Central, Electric
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2026
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Construction Concrete Block Construction
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Building Area 1040
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Covered Spaces 2
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Middle School Ponce De Leon
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Unit Floor 12
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Frontage Bay
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View Bay, Ocean View, Skyline
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Year Built Details Effective Year Built
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High School Coral Gables
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Pets Allowed Yes
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Attached Yes
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Unit Number PH-3
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Inclusions Other
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Half Bathrooms 0
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Flood Zone X
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Patio / Porch Open Balcony, Patio
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New Construction No
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Garage Spaces 2
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Style Condo 5+ Stories
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Association Fee 1767
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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