Coconut Grove's Luxury B&B The GroveHaus Listed for Sale for $950K a Unit

The GroveHaus, an 11-unit apartment building located at 3265 Bird Avenue in Miami’s Coconut Grove, has hit the market with an asking price of $10.4 million. This price puts the cost of each apartment close to $950,000. The exclusive listing is managed by Marcus & Millichap.

High-Quality Asset in a Sought-After Location

Described as a "turnkey boutique property," GroveHaus offers potential buyers a Class A asset in one of Miami’s most desirable neighborhoods. According to Alex Zylberglait and Michael Crocchiola from Marcus & Millichap, the property boasts attractive features such as spacious units with high ceilings and private gated parking. Its location offers easy access to work hubs and entertainment venues.

Spacious and Modern Living Units

The building, completed in 2019, consists of two- and three-bedroom apartments, with each unit averaging just under 1,700 square feet. Residents benefit from being within close proximity to popular shopping and dining spots, such as the CocoWalk center.

Strong Rental Market

For potential investors, the rental market offers promising returns. According to Zillow, the average rent for the apartments stands at approximately $6,000 per month, highlighting the building’s value in a competitive real estate market.