Atlantic Luxury Advisors
5 Grove Isle Dr #L501 photo 15 Grove Isle Dr #L501 photo 25 Grove Isle Dr #L501 photo 35 Grove Isle Dr #L501 photo 45 Grove Isle Dr #L501 photo 5

31 photos

5 Grove Isle Dr #L501

Miami, FL 33133

$7,900,000
3
3.5
3,246 sq ft
2025
Condominium
$5,648/mo
Yes
Yes
181
Active

Listing courtesy of Cervera Real Estate Inc. (Alexandra Goeseke). Contact: [email protected].

About this home

Coconut Grove Brand new never lived in before. Rare 3 bedroom + Den Luce 501 at VITA at Grove Isle is an exceptional waterfront residence in an exclusive enclave of just 65 luxurious condominiums, located on a private island. The residence is ample natural light through expansive floor-to-ceiling windows and features 10-foot ceilings that frame breathtaking, panoramic views of Biscayne Bay. The residence also offers generous private outdoor spaces, ideal for both serene relaxation and elegant entertaining. Residents will enjoy an extensive array of amenities, including a clubhouse, fine dining restaurant, tennis courts, pickleball, padel, and much more. Luce 501 at VITA at Grove Isle exemplifies sophistication, elegance, and the ultimate in waterfront living. Residence comes with 2 Valet Parking.

What it costs to own
Estimated monthly payment
$62,646/mo
Principal and interest
$39,947
Property tax
$12,109
Homeowners insurance
$4,942
HOA
$5,648

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$145,307/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$5,648/mo (from the listing)
FEMA flood zone
Zone VE, coastal high hazard

Inside the Special Flood Hazard Area with wave action. Lenders require flood insurance on a financed home, and premiums here are the highest of any zone.

Hurricane evacuation zone
Zone B: ordered to evacuate for Category 1 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.