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5 Grove Isle Drive

Rainier Sebastián León Completes $10.55M Transaction on Behalf of Private Family Office at Ugo Colombo’s Vita at Grove Isle
SOLDCondo

Rainier Sebastián León Completes $10.55M Transaction on Behalf of Private Family Office at Ugo Colombo’s Vita at Grove Isle

5 Grove Isle Drive

$10,550,000

$2,702/SF

Building Size

3,904 SF

Asset Type

Condo

Closing

Feb 2, 2026

AI

The asset involved in this transaction is a condo located at 5 Grove Isle Drive in Coconut Grove, with a sale price of $10,550,000. The condo spans 3,904 square feet, resulting in a price per square foot of $2,702.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $10,550,000
  • Address: 5 Grove Isle Drive
  • Market: Coconut Grove
  • Square Footage: 3,904
  • Price per Square Foot: $2,702
  • Seller: Ugo Colombo
  • Buyer's Representatives: Rainier Sebastián León - Real Estate Sales Force (RESF); Catalina Ceballos - Million Luxury
  • Seller's Representative: Christopher Suarez - CMC Real Estate
  • Buyer's Attorney: Bridgette Alvarez, Esq. - Miami Legal, PA

Rainier Sebastián León, one of the buyer's representatives, specializes in commercial, industrial, land, and development asset classes, and has experience advising private and institutional clients through a discreet execution model. Additionally, he is active in representing select clients in luxury residential transactions alongside Catalina Ceballos.

Players

Christopher Suarez

CMC Group

Broker

$12.3M

vol

2 deals

Broker
Ugo Colombo

Ugo Colombo

Seller

$860M

vol

22 deals

Seller

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

1.50%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93