Matias Alem & Christina West Alem Of BRG International Sell Corner Condo In Miami For $9.35M
5 Grove Isle Drive
$9,350,000
$2,165/SF
Building Size
4,318 SF
Asset Type
Condo
Closing
Sep 30, 2026
About this deal
AI
A condo located at 5 Grove Isle Drive in Miami was sold for $9,350,000. The property spans 4,318 square feet, translating to a price per square foot of $2,165. It is noted for being one of the standout sales at Vita at Grove Isle this year.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,350,000
- Address: 5 Grove Isle Drive
- Market: Miami
- Square Footage: 4,318
- Price Per Square Foot: $2,165
The sellers, Matias Alem and Christina West Alem, were represented by BRG International. This specific condo is described as a rare corner residence within Ugo Colombo's boutique development, which consists of 65 residences at one of Miami's most coveted private island addresses.
On the Map
$9,350,000
$2,165/SF
Condo
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Miami Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.70%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93