Flanigan's IndexLive now68 / 100
Nearest Flanigan's: Flanigan's Seafood Bar and Grill (Coconut Grove), 0.5 mi
#35 in Coconut Grove · #96 in Miami
Dolphin sandwich radius. Congratulations.
For sale
1
3 pending · 6.0 mo supply
Median asking
$1.25M
from $1.25M
Median $/sqft
$1,094/sqft
$1,156/sqft sold, 12 mo
Days on market
2
213 to sell · 2 in 12 mo
Grove Towers is a waterfront building on S Bayshore Dr in Coconut Grove, 22 floors tall with 99 residences, completed in 1982. Its age puts it under the City of Miami's 40-year recertification, the periodic structural and electrical review of older buildings. For the 2022 cycle, the City's records do not show it as approved.
On flood and storm exposure, the building sits in FEMA zone X, a minimal risk area where flood insurance is not federally required but is available. It is in Miami-Dade hurricane evacuation zone B. The lowest street beside it is 2.3 ft above the highest tide predicted for 2026 at Virginia Key.
The nearest rail connection is Coconut Grove Metrorail Station, 1280 m in a straight line, and the building has a Car-Free Index of 32. The nearest Publix is 2300 m away. Three active tower construction sites are within 1 km, two of them within 500 m.
On the 2025 tax roll, 50% of units carry a homestead exemption and 24% are owned by a company or trust. Financeability is rated limited, with an index of 39 of 100. Two resale deeds were recorded in the 12 months to October 21, 2026.
Live near more of Miami
What surrounds Grove Towers: seasonal events, annual programs and lifestyle indexes, measured from the building.
Flanigan's IndexLive nowPublix IndexLive now
28 / 100
Nearest Publix: Publix at Publix Super Market, 1.4 mi
#36 in Coconut Grove · #686 in Miami
Not walking distance, unless the sub is the workout.
1 Publix stores nearby
Car-Free IndexLive now
32 / 100
Nearest rail station: Coconut Grove Metrorail Station, 0.8 mi
#39 in Coconut Grove · #199 in Miami
The train is in reach, the car is still on speed dial.
2 rail stations nearby
Distances are straight-line, not walking or driving.
Getting around
Coconut Grove is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:
CocoWalkPeacock ParkKennedy ParkThe BarnacleMetrorail (Coconut Grove)Biscayne Bay
50
/ 100
B−
own.miami Score
A data-grounded score for Grove Towers from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.
Value24
$1,094/sqft — vs. Coconut Grove condos, then all of Miami
Momentum6
-21.3% $/sqft over 6 months
Liquidity84
6.0 months of supply · 0 days on market
Health64
1 verified record: Recertification not approved (2022 cycle)
Waterfront90
Waterfront building
Age21
Built 1982 — vs. Coconut Grove buildings
own.miami Condo Index
158Above market100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#119 of 698 tracked Miami condos
Top 17% by price per sq ft
#15 of 45 in Coconut Grove
Momentum
↓ Cooling
$1,094/sqft median ask
Liquidity
Warm
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Inventory
Sold $/sqft trend
3-month rolling median of closed sales in Grove Towers; bars are closings per month.
Location
Nearby buildings within half a mile.
Building facts
- Address
- 2843 S Bayshore Dr
- Year built
- 1982
- Floors
- 22
- Residences
- 99
- Developer
- Grove Towers, Inc.
- Waterfront
- Yes
Amenities
- · Heated pool
- · Fitness center
- · Tennis and pickleball courts
- · BBQ area
- · Valet
- · Guest parking
- · EV charging stations
- · Storage
- · Social events
- · Sauna
- · Steam room
Building rules
- Parking
- The building offers assigned parking spaces, guest parking, and valet service.
Special assessments & recertification outlook
ElevatedPublic records checked Oct 29, 2026 (Miami-Dade Clerk, civil docket, Florida DBPR).
Verified records
- ElevatedRecertification not approved (2022 cycle)Sep 26, 2022
The 2022 40-year recertification is still pending with the City of Miami (plan status: applicant corrections).
- City of Miami records: the 2022 recertification is not yet approved
- Built 1982 — a recurring structural milestone inspection is due around 2027
Estimated from Grove Towers’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.
Financeability
What the banks say about Grove Towers: recorded purchase mortgages, the down payments they accepted, and the programmes in use.
- Mortgages recorded, 12 months
- 2
- 1 from banks and credit unions · purchases and refinances
- Sales bank-financed
- —
- 2 recorded sales, 12 months · Resales only
- Average down payment
- —
- Lowest down payment accepted
- —
Loan programmes, 24 months:Conventional 1Other 1
High confidence · As of 2026-10-31
Source: Miami-Dade County official records and the FHA/VA approval lists. Aggregates only; individual instruments are never shown. Compare with Coconut Grove
Flooding and storm surge
Public flood data at this building’s location, read Oct 22, 2026.
- FEMA flood zone
- Zone X: minimal-risk area on FEMA’s map.
- Hurricane evacuation zone
- Zone B
- Miami-Dade storm surge planning zones run from A (called first) to E. The county decides which zones evacuate in a storm.
- Ground at the building
- 13.8 ft
- Lowest nearby street
- 3.3 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 2.3 ft above this year’s highest predicted tide (Oct 27, 2026).
Estimated from public data, not a flood determination. Check the FEMA flood map and an elevation certificate for this building.
Legal & Regulatory
No material litigation foundCivil court cases involving the condominium association, classified by what they are about. Routine collections against individual owners are counted separately and do not affect the building’s standing.
- Active material lawsuits
- 0
- Owner / association disputes
- 0
- Routine collection cases
- 0
- DBPR complaints
- 0
- Open DBPR complaints
- 0
No civil cases involving the association were found on the Miami-Dade docket in the last five years.
DBPR registration PR1S009721 · Approved,Recorded. Public complaints on record with the Florida Division of Condominiums; investigations are confidential and not counted.
Court records are matched to the association by name and summarized by us; a case is a claim, not a finding. Ask the association for its litigation disclosure before buying.
Frequently asked
How much do condos at Grove Towers cost?+
There are 1 condos for sale at Grove Towers, from $1,249,000, with a median asking price of $1,249,000 ($1,094/sqft).
How much are the HOA fees at Grove Towers?+
HOA / maintenance fees at Grove Towers run around $2,173 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 Towers a waterfront building?+
Yes — Grove Towers is a waterfront building (Coconut Grove).
When was Grove Towers built?+
Grove Towers was built in 1982, 22 stories, 99 residences.
Who developed Grove Towers?+
Grove Towers was developed by Grove Towers, Inc..
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