What is the asking price and what does it include?

The list price for 5 Grove Isle Drive # S203, Coconut Grove FL 33133 is $8,350,000. The property is a property with 4 bedrooms, 4.5 bathrooms, approximately 3834 square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 5 Grove Isle Drive # S203, Coconut Grove FL 33133 in Coconut Grove, 33133. Coordinates are approximately 25.73684, -80.2175187. Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Coconut Grove — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 8,350,000 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 5 Grove Isle Drive # S203, Coconut Grove FL 33133.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

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5 Grove Isle Drive # S203, Coconut Grove FL 33133 | Miami-Dade County | A12112735

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5 Grove Isle Drive # S203, Coconut Grove FL 33133 | Miami-Dade County | A12112735

5 Grove Isle Drive # S203, Coconut Grove FL 33133

Active Residential

$8,350,000

118

113 More

4
Bedrooms

4.5
Bathrooms

3834 Sq Ft
Area Size

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Active Residential

5 Grove Isle Drive # S203, Coconut Grove FL 33133 | Miami-Dade County | A12112735

5 Grove Isle Drive # S203, Coconut Grove FL 33133

$8,350,000

Description

Experience the privilege of private island living at Vita at Grove Isle, a boutique collection of 65 waterfront residences developed by Ugo Colombo in Coconut Grove. Offered by the developer and never occupied, this residence presents 5,375 sq. ft. of indoor-outdoor living, including 3,834 sq. ft. of interiors and 1,541 sq. ft. of terraces.
The four-bedroom, four-and-a-half-bath residence is defined by a refined neutral palette, white high-gloss cabinetry and doors, 10-foot ceilings, and floor-to-ceiling glass that fills the home with natural light. A private elevator foyer opens to generous living and dining areas and a Molteni&C kitchen with Miele appliances, wine storage, and pantry. The primary suite offers terrace access, two walk-in closets, and an Italian stone bath. Three en-suite guest bedrooms occupy a separate wing with their own terrace.
An oversized 72-foot bayfront terrace, nearly 19 feet deep, provides exceptional space for dining and entertaining overlooking the water and marina. Additional appointments include book-matched Italian stone bathrooms, Dornbracht fixtures, Crestron and Lutron technology, and a separate service entrance.
Set on a private 20-acre island, Vita offers 24-hour concierge and security, a bayfront pool, fitness and wellness facilities, Grove Isle Club membership with tennis, padel, and pickleball, and waterfront dining at La Sponda. Two valet parking spaces are included; a private garage and marina slips are available for purchase.

Property Overview

Vita at Grove Isle is a new construction condo at 5 Grove Isle Drive # S203 in Coconut Grove, offered by the developer and never occupied. This 4-bedroom, 4.5-bath residence features 3,834 square feet of interior space and 1,541 square feet of terraces, creating a total living area of 5,375 square feet. The unit includes 10-foot ceilings, white high-gloss cabinetry, and floor-to-ceiling glass that allows natural light to fill the rooms. The layout centers on a private elevator foyer leading to living and dining areas, with a Molteni&C kitchen equipped with Miele appliances, wine storage, and a pantry. The primary suite includes two walk-in closets, an Italian stone bath, and direct terrace access. Three additional en-suite bedrooms are located in a separate wing with their own terrace, providing a distinct space for guests or family. The property features a 72-foot bayfront terrace that is nearly 19 feet deep, offering ample space for outdoor dining and entertaining with water views. The monthly HOA fee is $6,765.

Monthly Fees & Carrying Costs

Association Fee	$6,765 / month
Total Monthly Fees	$6,765 / month

Membership Required: Yes
Application Fee: $295 (one-time)

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This listing is courtesy of BRG International , LLC.

Listing data courtesy of MIAMI Association of REALTORS (RAPB/GFLR) via Bridge Interactive. Copyright SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

Address

Open on Google Maps

Address: Grove Isle Drive
City: Coconut Grove
Zip/Postal Code: 33133

Details

Updated on November 2, 2026 at 4:43 am

Property ID A12112735
Price $8,350,000
Property Size 3834 Sq Ft
Bedrooms 4
Room 0
Bathrooms 4.5
Year Built 2026
Property Status Active, Residential

Additional details

View Bay
Cooling Central Air
Heating Central
Tax Year 2025
Flooring Marble
Unit Floor 2
Inclusions Dock Available,Other
Unit Number S203
Building Vita at Grove Isle
Frontage Bay
Garage Spaces 2
Listing Terms All Cash
Area Vita At Grove Isle
Total Stories 7
Waterfront Yes
Association Yes
Full Bathrooms 4
Half Bathrooms 1
Covered Spaces 2
Style Condo 5+ Stories
Private Pool No
Structure Type Condo 5+ Stories, Condo
Association Fee 6765
Parking 2 Or More Spaces
Subdivision Vita at Grove Isle
Annual Tax 0
Year Built Details New Construction
Building Area 5375
Lot Size (Sq Ft) 0
New Construction Yes
Attached Yes
Bedroom Features Primary Bath Shower, Primary Bath Tub
Amenities Bike/Jog Path, Child Play Area, Exercise Room, Pickleball, Pool, Tennis Court(s), Trash Chute
Restrictions Ok To Lease
Construction Concrete Block Construction
Pets Allowed Yes
Association Fee Frequency Monthly
Association Type Condo
Maintenance Includes All Amenities, Building Exterior, Hot Water, Manager, Parking, Sewer, Trash Removal, Water
Membership Purchase Required Yes