# Grove Isle

As of 2026-10-31, Grove Isle in Coconut Grove has 20 units for sale at a median asking price of $2.77M ($1,101/sqft); 18 units sold in the last 12 months.

Grove Isle is a 19-floor, 167-unit waterfront condominium at 1 Grove Isle Dr in Coconut Grove, built in 1981 and mapped in FEMA flood zone VE.

## Key facts

| | |
|---|---|
| Address | 1 Grove Isle Dr |
| Neighborhood | Coconut Grove |
| Year built | 1981 |
| Floors | 19 |
| Units | 167 |
| Waterfront | yes |
| Developer | Sun Bank Of Miami % Law Offices Marvin M. Green |
| For sale | 20 |
| Pending | 1 |
| Median asking price | $2,775,000 |
| Median asking $/sqft | $1,101/sqft |
| Sold, last 12 months | 18 |
| Median sold $/sqft, 12 months | $841/sqft |
| Months of inventory | 13.3 |
| Median HOA | $3,618/mo |
| Parking | The building offers valet and assigned parking. |

## Own Miami measures

- **own.miami Building Score: 42 (C+)**
  - Value: 17 — $1,101/sqft — vs. Coconut Grove condos, then all of Miami
  - Momentum: 51 — +0.2% $/sqft over 6 months
  - Liquidity: 52 — 13.3 months of supply · 46 days on market
  - Health: 39 — 2 verified records: Special assessment — noted on 1 listings · Recertification not approved (2021 cycle)
  - Waterfront: 90 — Waterfront building
  - Age: 18 — Built 1981 — vs. Coconut Grove buildings
- **Own Miami Condo Index: 144** (above_market; 100 = the market-median building, 200 = twice its $/sqft; rank 153 of 698 tracked Miami condos)
- **Financeability Index: 44** (limited; 12-month window, 7 recorded mortgages, 10% of sales bank-financed, lowest down payment 18.8%, as of 2026-10-31)
- Special-assessment outlook: elevated (next structural milestone inspection due 2026)

## Building health (verified public records)

- Public records checked 2026-10-30
- elevated: Special assessment — noted on 1 listings (2026-09-15)
- elevated: Recertification not approved (2021 cycle) — The 2021 40-year recertification plan is inactive in City of Miami records; the building has not been recertified for this cycle. (2022-05-05)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months) (2026-10-30)

## Frequently asked questions

**How much do condos at Grove Isle cost?**

There are 20 condos for sale at Grove Isle, from $950,000, with a median asking price of $2,775,000 ($1,101/sqft).

**How much are the HOA fees at Grove Isle?**

HOA / maintenance fees at Grove Isle run around $3,618 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

**Is Grove Isle a waterfront building?**

Yes — Grove Isle is a waterfront building (Coconut Grove).

**When was Grove Isle built?**

Grove Isle was built in 1981, 19 stories, 167 residences.

**Who developed Grove Isle?**

Grove Isle was developed by Sun Bank Of Miami % Law Offices Marvin M. Green.

## Sources

- City of Miami building recertification records: https://datahub-miamigis.opendata.arcgis.com/datasets/40-year-recertification

## Related pages

- [Coconut Grove — neighborhood guide](https://own.miami/coconut-grove)
- [All units for sale at Grove Isle](https://own.miami/buildings/grove-isle/for-sale)
- [Yacht Harbour](https://own.miami/buildings/yacht-harbour)
- [Grove Towers](https://own.miami/buildings/grove-towers)
- [Tigertail Bay](https://own.miami/buildings/tigertail-bay)
- [Bridgeport Villas](https://own.miami/buildings/bridgeport-villas)

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Source: Own.Miami — https://own.miami · data as of 2026-10-31
Canonical page: https://own.miami/buildings/grove-isle
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