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5 Grove Isle Drive

Hugo Colombo Of CMC Group Sells Vita At Grove Isle Condo For $10.2 Million
SOLDCondo

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

Mariana Garber

Coldwell Banker

Broker

$67.8M

vol

14 deals

Broker
Coldwell Banker
Coldwell BankerBrokerage
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

1.56%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93