Hugo Colombo Of CMC Group Sells Vita At Grove Isle Condo For $10.2 Million
5 Grove Isle Drive
$10,200,000
$2,163/SF
Building Size
4,714 SF
Asset Type
Condo
Closing
Jan 19, 2026
AI
This transaction involves a condo located at 5 Grove Isle Drive Unit L203 in Miami. The asset was sold for $10,200,000 and has an interior space of 4,714 square feet. The price per square foot stands at $2,163.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,200,000
- Address: 5 Grove Isle Drive Unit L203
- Market: Miami
- Seller: Hugo Colombo - CMC Group
- Broker: Mariana Garber - Coldwell Banker
- Interior Size: 4,714 SF
- Terraçe Size: 1,881 SF
- Bedrooms: 4
- Bathrooms: 4.5
Mariana Garber represented the seller in this transaction, focusing on selective developments in real estate. The property is part of a boutique building located on a private island, within the vibrant community of Coconut Grove.
Players
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
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93