Grove Isle Condo Homes for Sale

Grove Isle Condo is a luxury waterfront, luxury community in Coconut Grove, Miami-Dade County, Florida. Properties are priced from $1,200,000 to $2,900,000. Pure Equity lists homes in Grove Isle Condo and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Grove Isle Condo and the Coconut Grove area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 2 Grove Isle Condo Coconut Grove homes for sale as of October 2026. The median asking price is $2.47M. Asking prices run from $1.7M to $3.25M.

That is 31% below the Coconut Grove median of $3.58M. On a per-foot basis, homes here ask about $1,073 per square foot, compared with $1,414 across Coconut Grove. So the median price buys roughly 2,300 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 178 days on the market. That is slower than the Coconut Grove average of 146 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Grove Isle Condo date from 1980 to 1981. That puts them between 45 and 46 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Grove Isle Condo includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

At a median near $2.47M, Grove Isle Condo sits in the luxury tier of Coconut Grove. Jumbo financing and proof of funds usually come up early in these negotiations.

Here is what the median Grove Isle Condo price means in Florida closing terms. At $2.47M, a 20% down payment comes to about $495,000, leaving a loan near $1.98M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $6,929. Next, the intangible tax of 0.2% adds about $3,959. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $14,847 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Grove Isle Condo listings show assignments to Key Biscayne K-8 (elementary), Ponce De Leon (middle) and Coral Gables (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.