Ugo Colombo Of CMC Group Sells Condo At 5 Grove Isle Drive For $21.5M

A condo located at 5 Grove Isle Drive in Miami has been sold for $21,500,000. The property consists of 6,800 square feet, resulting in a price per square foot of $3,162.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $21,500,000
• Square Footage: 6,800
• Price per Square Foot: $3,162
• Seller: Ugo Colombo - CMC Group
• Market: Miami

CMC Group has successfully closed a sale representing its third transaction above $20 million at Vita at Grove Isle. This sale contributes to nearly $400 million in total closings in the project within 60 days of completion, highlighting strong activity in the ultra-luxury segment of the South Florida real estate market.