# Grove Towers

As of 2026-10-31, Grove Towers in Coconut Grove has 1 units for sale at a median asking price of $1.25M ($1,094/sqft); 2 units sold in the last 12 months.

Grove Towers is a 22-floor waterfront condominium at 2843 S Bayshore Dr in Coconut Grove, built in 1982, with 99 residences and no 2022-cycle 40-year recertification approval on record.

## Key facts

| | |
|---|---|
| Address | 2843 S Bayshore Dr |
| Neighborhood | Coconut Grove |
| Year built | 1982 |
| Floors | 22 |
| Units | 99 |
| Waterfront | yes |
| Developer | Grove Towers, Inc. |
| For sale | 1 |
| Pending | 3 |
| Median asking price | $1,249,000 |
| Median asking $/sqft | $1,094/sqft |
| Sold, last 12 months | 2 |
| Median sold $/sqft, 12 months | $1,156/sqft |
| Months of inventory | 6.0 |
| Median HOA | $2,173/mo |
| Parking | The building offers assigned parking spaces, guest parking, and valet service. |

## Own Miami measures

- **own.miami Building Score: 50 (B−)**
  - Value: 24 — $1,094/sqft — vs. Coconut Grove condos, then all of Miami
  - Momentum: 6 — -21.3% $/sqft over 6 months
  - Liquidity: 84 — 6.0 months of supply · 0 days on market
  - Health: 64 — 1 verified record: Recertification not approved (2022 cycle)
  - Waterfront: 90 — Waterfront building
  - Age: 21 — Built 1982 — vs. Coconut Grove buildings
- **Own Miami Condo Index: 158** (above_market; 100 = the market-median building, 200 = twice its $/sqft; rank 119 of 698 tracked Miami condos)
- **Financeability Index: 39** (limited; 12-month window, 2 recorded mortgages, — of sales bank-financed, lowest down payment —, as of 2026-11-01)
- Special-assessment outlook: elevated (next structural milestone inspection due 2027)

## Building health (verified public records)

- Public records checked 2026-11-01
- elevated: Recertification not approved (2022 cycle) — The 2022 40-year recertification is still pending with the City of Miami (plan status: applicant corrections). (2022-09-26)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months)

## Frequently asked questions

**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..

## 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 Towers](https://own.miami/buildings/grove-towers/for-sale)
- [Grove Isle](https://own.miami/buildings/grove-isle)
- [Yacht Harbour](https://own.miami/buildings/yacht-harbour)
- [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-towers
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