5 Grove Isle Dr, Coconut Grove FL 33131 | Miami-Dade County | A11989341
- $23,500,000
- Condominium
- 4
- 5.5
- 2
- 7027 Sq Ft
- $23,500,000
Description
Luxurious, 2-level Penthouse with a huge rooftop and 40-ft infinity pool on private Grove Isle. Finished to perfection and offered turnkey with sophisticated Artefacto furniture, this opulent residence features beautifully appointed 7,000-SF interior plus 5,600-SF of exterior spaces. Immense living areas with 11-ft ceilings seamlessly connect with a 13-ft deep terrace capturing water and Miami skyline views. Sleek Molteni kitchen opens to formal dining area, while elegant spiral stairs take you to a second level, entertainment-scale indoors and rooftop. Exquisite primary suite with lavish marble bath and 2 closets, dedicated elevator, Crestron control, Lutron lighting, Barausse doors. VITA at Grove Isle is a waterfront sanctuary developed Ugo Colombo, located moments to Coconut Grove.
Property Overview
This is a 4-bedroom, 5.5-bath condominium of about 7027 square feet at 5 Grove Isle Dr, Coconut Grove FL 33131 (Coconut Grove 33131), listed at $23,500,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $12,518.
As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $470,000/yr (≈ $39,167/mo); with the homestead exemption on a primary residence, about $469,000/yr (≈ $39,083/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 for 5 Grove Isle Dr is $23,500,000. This home is furnished, and the sale includes the fixtures, built-in appliances, and a private pool.
Separate from the home, residents have access to community amenities including a bar, business center, clubhouse-clubroom, exercise room, heated pool, marina, pool, and spa/hot tub. Contact Christopher Lazaro, Coconut Grove Real Estate Advisor, to verify these details.
Where exactly is it, and what should I know about the location?
The property is located at 5 Grove Isle Dr, Coconut Grove FL 33131, situated within the coastal corridor of Coconut Grove 33131. This location places the home in a specific waterfront environment.
Contact Christopher Lazaro, Coconut Grove Real Estate Advisor, to verify location details.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee is $12,518. This fee covers all amenities, building exterior, common area, other maintenance includes, outside maintenance, pool service, and security.
The community is subject to city ordinances found at https://library.municode.com/fl/miami/codes/code_of_ordinances. Contact Christopher Lazaro, Coconut Grove Real Estate Advisor, 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 $470,000/yr (≈ $39,167/mo); with the homestead exemption on a primary residence, about $469,000/yr (≈ $39,083/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 Advisor, to verify these figures.
Is the home in a flood zone, and what does that mean?
Flood zones indicate the likelihood of flooding based on historical data and geography. You can find FEMA definitions here and View the FEMA flood map for this address to see the specific designation for 5 Grove Isle Dr. Lenders often require flood insurance in high-risk zones.
Contact Christopher Lazaro, Coconut Grove Real Estate Advisor, to verify these details.
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. Separate federal accommodation rules apply if a documented service animal or ESA is involved.
Contact Christopher Lazaro, Coconut Grove Real Estate Advisor, 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 $23,500,000 price for 5 Grove Isle Dr is derived from a CMA reflecting the specific building and vicinity.
I provide a Coconut Grove-specific CMA to buyers before they set an offer. Contact Christopher Lazaro, Coconut Grove Real Estate Advisor, to verify these details.
What financing step do you recommend before touring?
Secure a pre-approval before touring 5 Grove Isle Dr. You should speak with a Florida-licensed MLO at Get-PreApproved.com to confirm your buying power for this $23,500,000 property.
Contact Christopher Lazaro, Coconut Grove Real Estate Advisor, to verify these details.
Monthly Fees & Carrying Costs
| Association Fee | $12,518 / month |
| Total Monthly Fees | $12,518 / month |
- Membership Required: No
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: 33131
-
Area: Vita at Grove Isle
Details
Updated on August 13, 2026 at 3:38 pm-
Property ID A11989341
-
Price $23,500,000
-
Property Size 7027 Sq Ft
-
Bedrooms 4
-
Room 0
-
Bathrooms 5.5
-
Garages 2
-
Year Built 2026
-
Type Condominium
-
Property Status Active, Residential
Additional details
-
Flooring Marble
-
Bedroom Features Entry Level
-
Cooling Central Air, Electric
-
Association Type Condo
-
Building Vita at Grove Isle
-
Association Fee Frequency Monthly
-
Area Vita At Grove Isle
-
Annual Tax 0
-
Association Yes
-
Private Pool Yes
-
Listing Terms All Cash
-
Waterfront Yes
-
Full Bathrooms 5
-
Subdivision Vita at Grove Isle
-
Total Stories 7
-
Restrictions Ok To Lease
-
Maintenance Includes All Amenities, Building Exterior, Common Area, Other Maintenance Includes, Outside Maintenance, Pool Service, Security
-
Amenities Bar, Business Center, Clubhouse-Clubroom, Exercise Room, Heated Pool, Marina, Other, Pool, Private Pool, Spa/Hot Tub
-
Parking 2 Or More Spaces, Covered, Valet
-
Heating Central, Electric
-
Structure Type Condo 5+ Stories, Condo
-
Tax Year 2025
-
Building Area 12695
-
Covered Spaces 2
-
Unit Floor 7
-
Frontage Bay
-
View Bay, Ocean View
-
Year Built Details Under Construction
-
Pets Allowed Yes
-
Attached Yes
-
Unit Number PHS01
-
Inclusions Other
-
Half Bathrooms 1
-
Patio / Porch Open Balcony
-
New Construction No
-
Garage Spaces 2
-
Style Condo 5+ Stories
-
Association Fee 12518
-
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
