5 Grove Isle Dr # 504, Coconut Grove FL 33133 | Miami-Dade County | A11987983
- $9,500,000
- Condominium
- 4
- 4.5
- 2
- 4318 Sq Ft
- $9,500,000
Description
Introducing Vita at Grove Isle — Sole 504, a rare corner residence with breathtaking bay views from every room. Completed in 2026 by renowned developer Ugo Colombo, this exceptional home is set on a Coveted private 20-acre island in Coconut Grove. Spanning 4,318 interior sqft and 1,195 sqft of expansive waterfront terraces, the residence is designed for seamless indoor-outdoor living. A private elevator opens directly into the home, where floor-to-ceiling glass showcases stunning bay views and fills the living spaces with natural light.
This 4-bedroom, 4.5-baths layout features Generous Living and Dining areas, secluded primary suite, and well-appointed guest accommodations, including a junior suite. The Molteni&C kitchen pairs refined European cabinetry with premium Miele appliances, and features include Italian marble, Dornbracht fixtures, 10-foot ceilings, a Lutron lighting system, and a spa-inspired bath with steam and aromatherapy. Vita’s boutique setting of just 65 residences creates an intimate resort-style atmosphere, complete with a bayfront pool and bar, fitness center, wellness spa, and dedicated concierge services. Residents also enjoy exclusive membership to the Grove Isle Club, featuring tennis, pickleball, padel, and a vibrant social scene. The building will also debut its signature waterfront restaurant, “La Sponda,” by the team behind Daniel’s Miami. This is more than a home—it’s a private island lifestyle defined by luxury, design, and unforgettable views.
Property Overview
This is a 4-bedroom, 4.5-bath condominium of about 4318 square feet at 5 Grove Isle Dr # 504, Coconut Grove FL 33133 (Coconut Grove 33133), listed at $9,500,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $7,533.
As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $190,000/yr (≈ $15,833/mo); with the homestead exemption on a primary residence, about $189,000/yr (≈ $15,750/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 for 5 Grove Isle Dr # 504 is $9,500,000. Fixtures and built-in appliances generally convey with the home, but the MLS record does not state if the property is furnished; you must confirm exactly what conveys.
Separate from the residence, the community provides access to a marina, pickleball, pool, sauna, spa/hot tub, tennis courts, a trash chute, and other memberships. Contact Christopher Lazaro, Coconut Grove Real Estate Agent, to verify these details.
Where exactly is it, and what should I know about the location?
This property is located at 5 Grove Isle Dr # 504, Coconut Grove FL 33133, situated within a coastal corridor of the city. The residence offers 4 bedrooms and 4.5 bathrooms across approximately 4318 sqft.
Contact Christopher Lazaro, Coconut Grove Real Estate Agent, to verify location details.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee is $7,533 and covers All Amenities. This community is subject to city ordinances, which are available at https://library.municode.com/fl/miami/codes/code_of_ordinances.
Contact Christopher Lazaro, Coconut Grove Real Estate Agent, to verify these details.
What are the property taxes and homestead implications?
As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $190,000/yr (≈ $15,833/mo); with the homestead exemption on a primary residence, about $189,000/yr (≈ $15,750/mo). Florida's homestead exemption lowers taxable value only for a primary residence.
Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes. Contact Christopher Lazaro, Coconut Grove Real Estate Agent, to verify these figures.
Is the home in a flood zone, and what does that mean?
Flood zones identify areas at risk of flooding, and you can find the official definitions at https://www.fema.gov/glossary/flood-zones. View the FEMA flood map for this address to see the specific designation for 5 Grove Isle Dr # 504. Lenders often require flood insurance in high-risk zones.
Contact Christopher Lazaro, Coconut Grove Real Estate Agent, to verify the current status.
Are pets allowed?
Pets are allowed, with restrictions (or possible restrictions). We will provide the association's exact current pet rules for this unit upon request. Federal accommodation rules can apply if a documented service animal or ESA is involved.
Contact Christopher Lazaro, Coconut Grove Real Estate Agent, to verify these details.
How is the price set and is there room to negotiate?
Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026). The $9,500,000 list price for 5 Grove Isle Dr # 504 is derived from a CMA specific to this building and vicinity.
I will provide a Coconut Grove-specific CMA before you set an offer. Contact Christopher Lazaro, Coconut Grove Real Estate Agent, to verify these details.
What financing step do you recommend before touring?
Secure a pre-approval before touring 5 Grove Isle Dr # 504 to ensure your financial position aligns with the $9,500,000 list price. You should seek the advice of a Florida Licensed Mortgage Loan Officer to confirm your buying power.
Contact Christopher Lazaro, Coconut Grove Real Estate Agent, to verify these details.
Monthly Fees & Carrying Costs
| Association Fee | $8,413 / month |
| Total Monthly Fees | $8,413 / month |
- Membership Required: No
- Application Fee: $200 (one-time)
Have a question about this Coconut Grove listing?
Talk directly with Christopher Lazaro, your Coconut Grove real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: Grove Isle Dr
-
City: Coconut Grove
-
State/county: Miami-Dade County
-
Zip/Postal Code: 33133
-
Area: Vita at Grove Isle
Details
Updated on August 13, 2026 at 6:46 pm-
Property ID A11987983
-
Price $9,500,000
-
Property Size 4318 Sq Ft
-
Bedrooms 4
-
Room 0
-
Bathrooms 4.5
-
Garages 2
-
Year Built 2025
-
Type Condominium
-
Property Status Active, Residential
Additional details
-
Flooring Marble
-
Waterfront Features Waterfront
-
Bedroom Features Primary Bath Shower, Primary Bath Tub
-
Cooling Central Air
-
Association Type Condo
-
Building Vita at Grove Isle
-
Association Fee Frequency Monthly
-
Area Vita At Grove Isle
-
Annual Tax 0
-
Association Yes
-
Private Pool No
-
Listing Terms All Cash, Conventional
-
Waterfront Yes
-
Full Bathrooms 4
-
Subdivision Vita at Grove Isle
-
Total Stories 7
-
Restrictions Ok To Lease
-
Maintenance Includes All Amenities
-
Amenities Marina, Other, Other Membership Included, Pickleball, Pool, Sauna, Spa/Hot Tub, Tennis Court(s), Trash Chute
-
Parking 2 Or More Spaces
-
Heating Central
-
Structure Type Condo 5+ Stories, Condo
-
Tax Year 2025
-
Construction Concrete Block Construction
-
Building Area 5513
-
Covered Spaces 2
-
Unit Floor 5
-
Frontage Bay
-
View Bay, Water View
-
Year Built Details New Construction
-
Pets Allowed Yes
-
Attached Yes
-
Unit Number S 504
-
Inclusions Other
-
Half Bathrooms 1
-
Patio / Porch Wrap Around
-
New Construction Yes
-
Garage Spaces 2
-
Style Condo 5+ Stories
-
Association Fee 8413
-
Lot Size (Sq Ft) 0
-
Membership Purchase Required No
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees
