$1,000,000
SOLD FEB 7, 2025

3540 Main Hwy Unit PH506 Miami, FL 33133

Southwest Coconut Grove Neighborhood
1 Bed
2 Baths
1,009 Sq Ft
$1,257/mo HOA Fee

Recently Sold

$991 Per Sq Ft

5% Below List Price

0 Day on Market

Highlights

  • Fitness Center
  • Garden View
  • Heated Community Pool
  • Coconut Grove Elementary School Rated A
  • Sauna
  • 4-minute walk to The Barnacle Historic State Park

About This Home

As of February 2025

Very Rare Offering! Penthouse one bedroom luxury Condo in the exclusive Grove Garden residences... Very spacious 1BR-2 full baths unit featuring state of the art kitchen with SubZero & Miele appliances. Unit includes 1 parking space & A/C storage room. Gorgeous west facing views above the treetop canopy of Coconut Grove. A must see for anyone looking to be in walking distance to everything the Grove has to offer. This exclusive boutique condominium offers 24hr security/concierge, gym, sauna, & pool. Located in the heart of historical Coconut Grove only minutes from restaurants, hotels, shops, movie theaters, parks, schools, etc. Enjoy Coconut Grove lifestyle at its best

Last Agent to Sell the Property

Michael Falsetto

Compass Florida, LLC License #3095450 Listed on: 02/07/2025

Compass Florida, LLC

Co-Listed By

Riley Smith

Compass Florida, LLC License #3028618

Last Buyer's Agent

Kelsey Higgins

Compass Florida, LLC License #3484735

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,604

Year Built

  • Built in 2006

HOA Fees

  • $1,257 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Garden Apartment
  • Entry on the 5th floor

Interior Spaces

  • 1,009 Sq Ft Home
  • Garden Views

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 01-41-21-311-0360

Community Details

Overview

  • Grove Garden Condos
  • Grove Garden Residences C Subdivision
  • 5-Story Property

Amenities

  • Sauna
  • Trash Chute
  • Secure Lobby

Recreation

  • Fitness Center
  • Heated Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,604

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,257 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Co List Office Mls Id: COMP03
  • Co List Office Phone: 305-851-2820
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: GROVE GARDEN RESIDENCES C
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Closet Cabinetry, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Carpet, Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1009
  • Possible Use: Primary
  • Stories: 5
  • Bedroom Features: Entry Level, Primary Bath Shower

Exterior Features

  • View: Garden View
  • Exterior Features: Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Grove Garden
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Covered

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Card Entry, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 1257
  • Amenities: Exercise Room, Heated Pool, Sauna, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-21-311-0360
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10604

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2025
Closed on
Feb 3, 2025
Sold by
Ffh 23 Llc
Bought by
Kong Francis and Kong Lei
Seller's Agent
Michael Falsetto
Compass Florida, LLC
Buyer's Agent
Kelsey Higgins
Compass Florida, LLC
List Price
$1,050,000
Sold Price
$1,000,000
Premium/Discount to List
-$50,000
-4.76%
Views
3
Current Estimated Value
$1,001,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,133
Avg. Annual Appreciation
-1.62%
Original Mortgage
$600,000
Outstanding Balance
$596,953
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$393,286

Purchase Details

Closed on
Apr 3, 2023
Sold by
Lutz Development Corp
Bought by
Ffh 23 Llc

Purchase Details

Closed on
Jun 12, 2008
Sold by
Main Highway Development Llc
Bought by
Lutz Development Corp
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 $1,000,000 Worldwide Title & Real Estate
Warranty Deed $1,000,000 Worldwide Title & Real Estate
Warranty Deed $525,000 Worldwide Title & Real Estate
Special Warranty Deed $390,800 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 New Conventional
Closed $600,000 New Conventional
Previous Owner $300,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2025 02/07/25 Sold $1,000,000 -4.8% $991 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
02/07/2025 02/07/25 For Sale $1,050,000 -- $1,041 / 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 $11,046 $606,540 -- --
2024 $9,297 $551,400 -- --
2023 $9,297 $404,357 $0 $0
2022 $7,578 $367,598 $0 $0
2021 $7,583 $356,891 $0 $0
2020 $7,601 $356,891 $0 $0
2019 $7,492 $356,891 $0 $0
2018 $6,899 $356,891 $0 $0
2017 $6,708 $287,586 $0 $0
2016 $6,412 $261,442 $0 $0
2015 $5,951 $237,675 $0 $0
2014 $5,339 $216,069 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Falsetto

    Seller's Agent in 2025

    Michael Falsetto

    Compass Florida, LLC

    (305) 632-9797

    5 in this area

    36 Total Sales

    Michael Falsetto
    Section Image
  • Riley Smith

    Seller Co-Listing Agent in 2025

    Riley Smith

    Compass Florida, LLC

    (786) 550-6054

    92 in this area

    741 Total Sales

    Riley Smith
    Section Image

  • K

    Buyer's Agent in 2025

    Kelsey Higgins

    Compass Florida, LLC

    (305) 851-2820

    2 in this area

    18 Total Sales

    Kelsey Higgins
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11739359

MIAMI REALTORS® MLS

APN: 01-4121-311-0360

Florida Miami/Dade County Miami 33133 Southwest Coconut Grove

3540 Main Hwy Unit PH506, Miami, FL

This home is located at 3540 Main Hwy Unit PH506, Miami, FL 33133 and is currently priced at $1,000,000, approximately $991 per square foot. This property was built in 2006. 3540 Main Hwy Unit PH506 is a home located in Miami-Dade County with nearby schools including Coconut Grove Elementary School, Ponce de Leon Middle School, and Coral Gables Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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