$2,400,000
SOLD JAN 14, 2022
3 Beds
3.5 Baths
2,022 Sq Ft
$2,576/mo HOA Fee

Recently Sold

$1,187 Per Sq Ft

31% Below List Price

149 Days on Market

Highlights

  • Doorman
  • Property Fronts a Bay or Harbor
  • Clubhouse
  • Coconut Grove Elementary School Rated A
  • Fitness Center
  • 3-minute walk to Regatta Park

About This Home

As of January 2022

Grove at Grand Bay is a architectural art. Located in the heart of Coconut Grove facing the Bay, designed by Bjarke Ingels also referred to as the "twisted glass' building. With a total of 3100 sq. ft.,
403 S is a unique 2 story unit facing the Bay with considerable upgrades to the most discerning buyer. The East tower is the closest to the Bay thus no obstruction in the view to Biscayne Bay. Close to 800 sq. ft. of covered terraces , with a BBQ on the 4th floor terrace. 3100 total square feet unit. World class amenities which include several pools, state of the art space and gym. A club room, library, lounge and wonderful dining in the building. Close to restaurants, shopping centers and across form the Bay. Third bedroom open to living room. Furniture negotiable.

Last Agent to Sell the Property

Teresita DeBlank

BHHS EWM Realty License #0519305 Listed on: 08/18/2021

BHHS EWM Realty

Last Buyer's Agent

Maria Sanchez

One Sotheby's International Realty License #3460451

One Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $36,525

Year Built

  • Built in 2016

HOA Fees

  • $2,576 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Secured Garage or Parking
  • Assigned Parking

Home Design

  • Entry on the 4th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,022 Sq Ft Home
  • Custom Mirrors
  • Built-In Features
  • Vaulted Ceiling
  • Blinds
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Bathtub
  • Shower Only in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Exterior Lighting
  • Outdoor Grill

Schools

  • Coconut Grove Elementary School
  • Carver; G.W. Middle School
  • Coral Gables High School

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Additional Features

  • Property Fronts a Bay or Harbor
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 01-41-22-040-0900

Community Details

Overview

  • 37 Units
  • High-Rise Condominium
  • Grove At Grand Bay Condos
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 20-Story Property

Amenities

  • Doorman
  • Clubhouse
  • Community Library

Recreation

  • Community Playground

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Security Guard
  • Clear Impact Glass
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$36,525

Year Built

Built in 2016

Lot Details

0

HOA Fees

$2,576 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 4
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: n/a
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Custom Mirrors, Volume Ceilings, Walk-In Closet(s), Utility Room/Laundry
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Wood
  • Furnished: Unfurnished
  • Living Area: 2022
  • Possible Use: Unknown/Withheld
  • Stories: 20
  • Window Features: Clear Impact Glass, Blinds
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Upstairs, Master Bath Shower, Master Bath Tub
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Bay
  • Exterior Features: East Of Us1, Barbeque
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Grove at Grand Bay
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Covered, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Doorman, Secured Garage/Parking, Guard At Site

Condo/Co-op/Association

  • Association Fee: 2576
  • Amenities: Clubhouse-Clubroom, Exercise Room, Heated Pool, Library, Exterior Lighting, Child Play Area, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Coconut Grove
  • High School: Coral Gables
  • Middle Or Junior School: Carver; G.W.

Lot Info

  • Parcel Number: 01-41-22-040-0900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 2576
  • Number Of Units In Community: 37
  • Number Of Units Total: 37

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 36525

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Jan 14, 2022
Sold by
Restrepo Clement William and Mar Constanza
Bought by
Alo Green Llc
Seller's Agent
Teresita DeBlank
BHHS EWM Realty
Buyer's Agent
Maria Sanchez
One Sotheby's International Realty
List Price
$3,500,000
Sold Price
$2,400,000
Premium/Discount to List
-$1,100,000
-31.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.19%
Original Mortgage
$1,920,000
Outstanding Balance
$1,786,257
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$1,767,333
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,400,000 Wall Street Title Group
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,920,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 For Sale $3,500,000 +45.8% $1,731 / Sq Ft
01/14/2022 01/14/22 Sold $2,400,000 -18.6% $1,187 / Sq Ft
09/13/2021 09/13/21 Price Changed $2,950,000 -15.7% $1,459 / Sq Ft
08/18/2021 08/18/21 For Sale $3,500,000 -- $1,731 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $43,730 $2,382,300 -- --
2024 $41,600 $2,181,548 -- --
2023 $41,600 $1,983,226 $0 $0
2022 $39,794 $1,886,456 $0 $0
2021 $36,437 $1,714,960 $0 $0
2020 $36,525 $1,714,960 $0 $0
2019 $37,740 $1,768,000 $0 $0
2018 $43,566 $2,080,000 $0 $0
2017 $42,368 $2,000,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11084928

MIAMI REALTORS® MLS

APN: 01-4122-040-0900