5 Grove Isle Dr # L05, Coconut Grove FL 33133 | Miami-Dade County | A12025886
- $21,300,000
- Condominium
- 4
- 5.5
- 2
- 7027 Sq Ft
- $21,300,000
Description
Step Inside With Me! This brand new penthouse at Vita features over 7,000 SF of immaculate interiors and a 40′ private pool. Situated within the gated enclave of Grove Isle, Vita is an exclusive collection of just 65 bayfront residences in the heart of Coconut Grove. Conceived by Ugo Colombo and CMC Group, this sky home blends elevated craftsmanship, privacy, and panoramic island living. Framed by bay and downtown skyline views, the social spaces unfold around a dramatic 55’ waterfront grand salon comprised of formal dining, TV lounge and sitting nook. The Molteni kitchen is centered upon a stand-out marble island appointed with Miele appliances including wine storage, integrated cooktop, and concealed cabinetry. Significant details include oak flooring, frameless Barausse doors, and 11’ ceilings. The generous primary suite is defined by two dressing rooms and a luxe bath offering privacy glass, book-matched marble, wood-paneled walls. Three additional guest suites complete the main level. A sculptural staircase or in-residence elevator leads to the upper level featuring a media room and entertainment den. Crowning the penthouse is a 4,165 SF rooftop terrace with sundeck, summer kitchen, and spectacular pool setting. The Grove Isle experience provides access to a 20-acre private island with a Racquet & Yacht Club membership, full-service spa, fitness center, tennis and pickleball courts, concierge services, and waterfront dining at La Sponda. Note: Developer Unit
Property Overview
This is a 4-bedroom, 5.5-bath condominium of about 7027 square feet at 5 Grove Isle Dr # L05, Coconut Grove FL 33133 (Coconut Grove 33133), listed at $21,300,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $6,765.
As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $426,000/yr (≈ $35,500/mo); with the homestead exemption on a primary residence, about $425,000/yr (≈ $35,417/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 # L05 is $21,300,000. Fixtures and built-in appliances generally convey with the home, including the private pool on record, but the MLS does not state if the property is furnished; you must confirm exactly which items convey.
Separate from the residence, community amenities include a bar, business center, clubhouse-clubroom, exercise room, exterior lighting, heated pool, marina, pool, and spa/hot tub. Contact Christopher Lazaro, Coconut Grove Real Estate Realtor, 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 # L05, Coconut Grove FL 33133, situated within a coastal corridor of the city. This residence features 4 bedrooms and 5.5 bathrooms across approximately 7,027 square feet and is listed at $21,300,000.
Contact Christopher Lazaro, Coconut Grove Real Estate Realtor, to verify specific location details.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee is $6,765. This fee covers All Amenities, Building Exterior, Common Area, Other Maintenance Includes, Outside Maintenance, 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 Realtor, 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 $426,000/yr (≈ $35,500/mo); with the homestead exemption on a primary residence, about $425,000/yr (≈ $35,417/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 Realtor, to verify these figures.
Is the home in a flood zone, and what does that mean?
Flood zones indicate the likelihood of flooding in a specific area. You can find FEMA definitions and View the FEMA flood map for this address to see the designation for 5 Grove Isle Dr # L05. Lenders often require flood insurance in high-risk zones.
Contact Christopher Lazaro, Coconut Grove Real Estate Realtor, to verify the current status.
Are pets allowed?
Pets are allowed at 5 Grove Isle Dr # L05. If a documented service animal or ESA is involved, separate federal accommodation rules can apply.
Contact Christopher Lazaro, Coconut Grove Real Estate Realtor, 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 $21,300,000 list price for 5 Grove Isle Dr # L05 reflects a CMA specific to this building and vicinity.
I provide a Coconut Grove-specific CMA to ensure your offer is grounded in current data. Contact Christopher Lazaro, Coconut Grove Real Estate Realtor, to verify these figures.
What financing step do you recommend before touring?
Secure a pre-approval from a licensed Florida mortgage professional before touring 5 Grove Isle Dr # L05. This step ensures your financial capacity aligns with the $21,300,000 list price.
Contact Christopher Lazaro, Coconut Grove Real Estate Realtor, to verify these requirements.
Monthly Fees & Carrying Costs
| Association Fee | $6,765 / month |
| Total Monthly Fees | $6,765 / month |
- Membership Required: Yes
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
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City: Coconut Grove
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State/county: Miami-Dade County
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Zip/Postal Code: 33133
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Area: Vita at Grove Isle
Details
Updated on August 12, 2026 at 4:40 am-
Property ID A12025886
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Price $21,300,000
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Property Size 7027 Sq Ft
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Bedrooms 4
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Room 0
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Bathrooms 5.5
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Garages 2
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Year Built 2025
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Wood
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Bedroom Features Entry Level, Primary Bedroom Ground Level
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Cooling Central Air, Electric
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Association Type Condo
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Building Vita at Grove Isle
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Association Fee Frequency Monthly
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Area Vita At Grove Isle
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Annual Tax 0
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Association Yes
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Private Pool Yes
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Listing Terms All Cash, Conventional
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Waterfront Yes
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Full Bathrooms 5
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Subdivision Vita at Grove Isle
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Total Stories 7
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Restrictions Ok To Lease
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Maintenance Includes All Amenities, Building Exterior, Common Area, Other Maintenance Includes, Outside Maintenance, Security
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Parking 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 2025
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Construction Concrete Block Construction
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Building Area 12692
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Covered Spaces 2
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Unit Floor 7
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Frontage Bay
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View Bay, Skyline, Water View
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Year Built Details New Construction
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Pets Allowed Yes
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Attached Yes
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Unit Number PH-L05
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Inclusions Other
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Half Bathrooms 1
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Patio / Porch Open Balcony
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New Construction Yes
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Garage Spaces 2
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Style Condo 5+ Stories
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Association Fee 6765
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Lot Size (Sq Ft) 0
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Membership Purchase Required Yes
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