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
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