Read the full record 3 paragraphs and 10 facts, every figure from the MLS and county record
Three Grove Isle rises 18 floors at 3 Grove Isle Dr in Coconut Grove and was completed in 1981. County folio records count 162 residences. The developer was Martin Z. Margulies. The condo archive records it as waterfront (bay). Its MLS and county records file it, with two other buildings, under the legal name Grove Isle Condo.
10 units were for sale on November 2, 2026, asking $950K to $6M (median ask $1,113/SF across 10 listings). One more was under contract. Seven sales closed between November 2, 2025 and November 2, 2026, from $950K to $2M, a median $842/SF, after a median 180 days on the market. In the 12 months before that, five sales closed at a median $730/SF, so the median rose 15%. Across 65 recorded sales since 2019, the best year by median price per square foot was 2026, at $842 over 7 sales. That 12-month median ranks 16th of the 24 Coconut Grove buildings with at least three sales in the same window. Two-bedrooms made up eight of the 12 sales in the last 24 months, at a median $1,267,500.
Three units were offered for rent at $7,600 to $16,500 a month. Three leases were signed over the same 12 months, at a median $7,200 a month (range $5,000 to $7,500). Sales outnumbered leases 2 to 1 over that year.
Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records and my condo archive. Blanks mean the record doesn't state it; nothing here is estimated.
The record
- Address
- 3 Grove Isle Dr, Miami 33133
- Neighborhood
- Coconut Grove
- Developer
- Martin Z. Margulies
- Year built
- 1981
- Floors
- 18
- Residences (county-verified)
- 162
- County condo folios
- 162
- Waterfront
- Yes / Bay
- Recorded MLS listings
- 105
- Recorded as
- Grove Isle Condo
