# The Tower

As of 2026-11-01, The Tower in Coconut Grove has 5 units for sale at a median asking price of $1.59M ($1,088/sqft); 9 units sold in the last 12 months.

The Ritz-Carlton Residences in Coconut Grove offers luxury waterfront living with resort-style amenities.

## Key facts

| | |
|---|---|
| Address | 3400 SW 27th Ave |
| Neighborhood | Coconut Grove |
| Year built | 2001 |
| Floors | 22 |
| Units | 126 |
| Waterfront | no |
| Developer | The Ritz-Carlton Hotel Company |
| For sale | 5 |
| Pending | 1 |
| Median asking price | $1,595,000 |
| Median asking $/sqft | $1,088/sqft |
| Sold, last 12 months | 9 |
| Median sold $/sqft, 12 months | $1,446/sqft |
| Months of inventory | 6.7 |
| Median HOA | $2,748/mo |
| Parking | The building offers a combination of assigned garage spaces and valet parking. |

## Own Miami measures

- **own.miami Building Score: 70 (A−)**
  - Value: 43 — $1,088/sqft — vs. Coconut Grove condos, then all of Miami
  - Momentum: 89 — +23.0% $/sqft over 6 months
  - Liquidity: 64 — 6.0 months of supply · 73 days on market
  - Health: 100 — Verified records on file — nothing adverse
  - Waterfront: 55 — Not waterfront
  - Age: 48 — Built 2001 — vs. Coconut Grove buildings
- **Own Miami Condo Index: 184** (above_market; 100 = the market-median building, 200 = twice its $/sqft; rank 77 of 698 tracked Miami condos)
- **Financeability Index: 77** (strong; 12-month window, 5 recorded mortgages, 42% of sales bank-financed, lowest down payment 10%, as of 2026-10-31)
- Special-assessment outlook: elevated (next structural milestone inspection due 2026)

## Building health (verified public records)

- Public records checked 2026-10-25: no liens, lawsuits or regulatory complaints found
- positive: Bank financing — Regulated lenders recorded 5 purchase or refinance loans on this building in the last 12 months, financing 42% of its recorded sales, and accepted a down payment as low as 10%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 77/100. (2026-10-31)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months)

## Frequently asked questions

**How much do condos at The Tower cost?**

There are 5 condos for sale at The Tower, from $1,150,000, with a median asking price of $1,595,000 ($1,088/sqft).

**How much are the HOA fees at The Tower?**

HOA / maintenance fees at The Tower run around $2,748 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.

**When was The Tower built?**

The Tower was built in 2001, 22 stories, 126 residences.

**Who developed The Tower?**

The Tower was developed by The Ritz-Carlton Hotel Company.

## Related pages

- [Coconut Grove — neighborhood guide](https://own.miami/coconut-grove)
- [All units for sale at The Tower](https://own.miami/buildings/the-tower/for-sale)
- [The Gables](https://own.miami/buildings/the-gables)
- [Mutiny Park](https://own.miami/buildings/mutiny-park)
- [The Mutiny](https://own.miami/buildings/the-mutiny)
- [Grove Garden C](https://own.miami/buildings/grove-garden-c)

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Source: Own.Miami — https://own.miami · data as of 2026-11-01
Canonical page: https://own.miami/buildings/the-tower
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