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5 Grove Isle Drive

Steve Martinez Purchases Condo At 5 Grove Isle Drive From Ugo Colombo For $16.54M
SOLDCondo

Steve Martinez Purchases Condo At 5 Grove Isle Drive From Ugo Colombo For $16.54M

5 Grove Isle Drive

$16,537,000

$3,165/SF

Building Size

5,225 SF

Asset Type

Condo

Closing

Dec 21, 2025

AI

The property involved in this transaction is a condominium located at 5 Grove Isle Drive Unit PH-M03 in Miami. The asset sold for a price of $16,537,000, featuring a total square footage of 5,225, which equates to a price per square foot of $3,164.

Summary of transation details:

  • Property Type: Condo
  • Transaction Amount: $16,537,000
  • Address: 5 Grove Isle Drive Unit PH-M03
  • Market: Miami
  • Seller: Ugo Colombo - CMC Group
  • Buyer: Steve Martinez
  • Buyer’s Representative: Elizabeth Rodriguez - The Keyes Company

Ugo Colombo from CMC Group represented the seller in this transaction, while Elizabeth Rodriguez from The Keyes Company acted as the buyer's representative, facilitating the deal for Steve Martinez.

Players

Elizabeth Rodriguez

The Keyes Company

Broker

$37.5M

vol

6 deals

Broker
The Keyes Company
The Keyes CompanyBrokerage
Ugo Colombo

Ugo Colombo

CMC Group

Seller

$871.5M

vol

23 deals

Seller
CMC Group
CMC GroupSeller

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93