Atlantic Luxury Advisors
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51 photos

5 GROVE ISLE DR #M502

Miami, FL 33133

$9,995,000
4
4.5
3,677 sq ft
2025
2 car
Condominium
$8,572/mo
Yes
22
Active

Listing courtesy of Smart Luxe (Ricardo Tworkowski Jr). Contact: [email protected].

About this home

Experience private island living at Vita at Grove Isle, an exclusive residential masterpiece by renowned developer Ugo Colombo. This fully finished residence features custom built-in closets in all bedrooms, shades and blackout treatments throughout, and the Italian marble floors have already been professionally treated and sealed. The Molteni&C kitchen combines refined Italian cabinetry with premium Miele appliances, Dornbracht fixtures, 10-foot ceilings, and a sophisticated Lutron smart home system. The spa-inspired primary bath features steam and aromatherapy for the ultimate in-home retreat. Vita creates an intimate, resort-style atmosphere, with 2 waterfront pools and bar, fitness center, wellness spa, and dedicated concierge services. Residents also enjoy exclusive membership to the Grove Isle Club, offering tennis, pickleball, and padel. The property is also home to its signature restaurant, La Sponda, from the team behind Daniel’s Miami, which offers "room service" directly to the residences. This is more than a home—it’s a private island lifestyle.

What it costs to own
Estimated monthly payment
$80,699/mo
Principal and interest
$50,540
Property tax
$15,337
Homeowners insurance
$6,250
HOA
$8,572

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
$184,042/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
$8,572/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.