Luxury condo — 2675 S Bayshore Drive 1601S · Grove At Grand Bay · Coconut Grove
South Florida Luxury Living
Property Magazine
Your home in print
A magazine dedicated to 2675 S Bayshore Drive 1601S, Coconut Grove, FL 33133
A photo-rich, always-current edition with the home’s details, neighborhood lifestyle, assigned and nearby schools, ownership planning, and applicable waterfront guidance.
Open property magazine$11,500,000
2675 S Bayshore Drive 1601S, Coconut Grove, FL 33133
Coconut Grove, FL, 33133
Listed by Coldwell Banker Realty
2675 S Bayshore Drive 1601S, Coconut Grove, FL 33133
Listed by Coldwell Banker Realty
Add this home to your tour day
Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
0 of 6 homes in your tour
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated Monthly Payment
20% down · 6.75% interest · 30-year loan
Principal, interest, taxes and insurance, HOA. Property Tax (after sale). Estimated; not a lender quote.
- Principal & interest
- $59,671/mo
- Property tax (after sale) est.
- $14,191/mo
- Homeowners insurance est.
- $1,424/mo
- HOA
- $6,316/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
2675 S Bayshore Drive 1601S, Coconut Grove, FL 33133
Estimated cash to close est.
$2,432,713.00
Down payment plus Florida taxes, title, lender and prepaid costs.
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Loan amount (calculated): $9,200,000.00
Current site planning rate. Rate does not change the taxes or fees below. Prepaid interest is not included.
Edit closing costs & prepaids
Assumes both policies cover identical land and dates, with loan coverage within owner coverage—even if the seller pays owner title. Minimum lender premium $25. Turn off if not eligible. Endorsement allowance defaults to one $25 endorsement; actual requirements and premiums vary (Florida 69O-186.005).
Appraisal starts at $650. Waterfront and luxury homes may require a higher fee; confirm with your lender.
Tax uses existing ZIP estimates (after sale); insurance uses existing site estimates. Edit with your quote. If HOA insurance is included, confirm separate unit-owner coverage. Missing HOA costs are excluded—not assumed zero.
Estimated cash to close est.
$2,432,713.00
- Down payment est.
- $2,300,000.00
- Mortgage note documentary stamps est.
- $32,200.00
- Mortgage intangible tax est.
- $18,400.00
- Lender’s title insurance est.
- $25.00
- Lender title endorsements est.
- $25.00
- Lender fees est.
- $1,500.00
- Appraisal est.
- $650.00
- Owner’s title insurance est.
- $29,325.00
- Title search & examination est.
- $125.00
- Municipal lien search est.
- $150.00
- Settlement / closing fee est.
- $450.00
- County recording (deed) est.
- $30.00
- County recording (mortgage) est.
- $120.00
- Inspection, wind mitigation & 4-point est.
- $900.00
- Survey est.
- $500.00
- Property tax escrow (2 months, after sale) est.
- $28,382.83
- Insurance escrow (2 months) est.
- $2,847.17
- First-year insurance premium est.
- $17,083.00
- HOA / condo contribution or transfer est.
- Not provided
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Mortgage stamps: $0.35 per $100 or fraction. Intangible tax: 0.2% of loan. Title uses Florida 69O-186.003 base rates. Assumes 2 months of tax/insurance escrow for financed purchases plus first-year insurance; cash purchases have no lender escrow.
Before deposits and credits. Prepaid interest and other contract costs are not included. Discounts and title endorsements must be confirmed by the title company. Title search, municipal lien search, settlement and recording are pass-through title company charges for cash and financed buyers alike; the municipal lien search is priced by each city and can run higher (e.g. Boca Raton $150, Coral Gables $220).
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Insurance & flood
- Flood zone (FEMA)
- Not available —
- Homeowners insurance est.
- $1,424 / month
Source: FEMA National Flood Hazard Layer · Date checked: Oct 22, 2026
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
Flood zone: Not available —
Source: FEMA National Flood Hazard Layer · Date checked: Oct 22, 2026
- Roof type
- Not provided —
- Roof year
- Not provided —
- Impact windows / doors
- Impact Glass (Complete)
- Shutters
- Not provided —
- Window features
- Blinds
- Year built
- 2016
Homeowners insurance: $1,424 / month est.
- Annual premium est.
- $16,778
- Fees & taxes est.
- $305
- Annual total est.
- $17,083
- Likely range est.
- $14,521–$20,500
- Dwelling coverage est.
- $1,827,677
- Other structures est.
- $36,554
- Personal property est.
- $365,535
- Loss of use est.
- $182,768
- Hurricane deductible (2%) est.
- $36,554
The estimated rebuild cost is above the Citizens Property Insurance coverage cap for this county, so this home would need a private carrier.
Based on the listing: 4,933 sq ft · built 2016 · 22 stories · impact windows / shutters · luxury finish level.
Dwelling coverage uses living area × county rebuilding cost. Selling price and land value are not included. The monthly estimate includes fees and applicable taxes.
Broward inland rates were calibrated against two supplied policies; other county and coastal rates have not yet been calibrated against real quotes.
Assumed where the listing is silent: concrete-block construction · coastal rating band · roof 6–15 years old · gable roof · 2% hurricane deductible · admitted carrier; no surplus-lines tax. A newer roof, a hip roof shape, or a higher deductible can lower the premium; frame construction can raise it.
Educational estimate only, not an insurance quote. Actual premiums depend on the carrier, inspections, discounts, and underwriting. Flood insurance not included. Simon Gedz is a Realtor, not a licensed insurance agent.
The FEMA map is a strong indication, not the final answer: your lender orders its own flood zone determination. Cash buyers are not required to carry flood insurance, but on the water it is strongly recommended.
Florida rule: by 2027, Citizens policyholders must carry flood insurance even outside a flood zone, unless the Citizens policy excludes wind coverage. The FEMA map does not show this.
How flood insurance is priced (FEMA Risk Rating 2.0)
Flood insurance is priced home by home, so two neighbors on the same canal can pay very different amounts. Premiums depend on the home's elevation (first-floor height above the expected flood level), distance to water (ocean, Intracoastal, canal or river), the type of flood risk (storm surge, heavy rain or river overflow), the cost to rebuild, the foundation and construction type, and past flood claims on the property.
Federal flood insurance (NFIP) pays at most $250,000 for the building and $100,000 for contents. A luxury waterfront home needs private flood insurance or an "excess flood" policy on top.
Before an offer: pull the official FEMA flood map (FIRMette), ask the seller for an elevation certificate (it largely decides the price), ask whether the seller's existing NFIP policy can be transferred to you (sometimes at a lower rate), and have an insurance agent check prior flood claims (CLUE report). New NFIP policies usually have a 30-day wait before they take effect — don't leave it until the week of closing.
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
About This Property
Find similar homesLocated in the heart of Coconut Grove is one of Miami’s most iconic buildings “Grove at Grand Bay” Designed by Bjarke Ingels and developed by the Terra Group. A unique project with a total of 96 units in 2 beautiful buildings that offer both luxury and privacy to a discerning buyer. This exquisitely appointed corner residence in the South Tower has sweeping, unobstructed views of Biscayne Bay and the magnificent Miami Skyline. The unit is 4,933 sq ft of living space with an additional 1,145 sq ft of wide beautiful terraces. With soaring 12 ft ceilings and wraparound floor to ceiling glass, this it truly Coconut Grove living at its best. There are 3 large bedrooms, 3.5 baths and a flex room that can be convertible to a 4th bedroom. The interiors were done for a discerning art collector, an open floor plan showcasing custom milled and finished oak, crafted specifically for the architecture of this unit. All the oak walls, doors and cabinetry throughout the unit were built by hand at the same studio, with consistency and beauty in mind. A chef kitchen features the finest appliances, custom cabinets, marble countertops, and a gas cooktop. The primary suite is entered through a private sitting area leading to a beautiful bedroom, spa bath, and an exceptional walk-in closet. The unit comes with a closed garage and 3 storage units. World class amenities include fitness center, spa, library pet spa, 3 heated pools and private restaurants.
Building health
- Building
- GROVE AT GRAND BAY· MLS
- Year built
- 2016· MLS
- Stories
- 22· MLS
- Units
- Not provided —
- Milestone inspection
- Not provided —
- Milestone date
- Not provided —
- SIRS
- Not provided —
- SIRS date
- Not provided —
- Special assessments
- Not provided —
- Assessment amount
- Not provided —
- Assessment purpose
- Not provided —
- Assessment due date
- Not provided —
- Reserves
- Not provided —
- Minimum lease term
- Not provided —
- Rentals per year
- Not provided —
- Pet rules
- Yes, No Restrictions· MLS
- Age restriction (55+)
- Not provided —
- HOA fee
- $6,316 / month · billed Monthly· MLS
Last updated Not provided, source: MLS remarks —
Always review the association's milestone inspection report, SIRS, budget and the last 24 months of board minutes before you buy.
Property Details
Dogs
Welcome here
Cats
Welcome here
2675 S Bayshore Drive 1601S, Coconut Grove, FL 33133 · Coconut Grove
Location
2675 S Bayshore Drive 1601S, Coconut Grove, FL 33133
What buyers ask about this home
What are the estimated monthly carrying costs at 2675 S Bayshore Drive 1601S, Coconut Grove, FL 33133?+
Property tax (after sale): $14,191/month est.; homeowners insurance: $1,424/month est.; HOA: $6,316/month. Fixed ownership costs before a mortgage: $21,931/month est. Principal and interest: $59,671/month; PMI: $0/month. Total for the payment scenario shown: $81,602/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 2675 S Bayshore Drive 1601S, Coconut Grove, FL 33133?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 2675 S Bayshore Drive 1601S, Coconut Grove, FL 33133 need flood insurance, and what drives the premium?+
Most of Coconut Grove sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should I check about the association before buying 2675 S Bayshore Drive 1601S, Coconut Grove, FL 33133?+
For a Florida condo, review the milestone structural inspection and the Structural Integrity Reserve Study, current reserve balances, any pending or recently voted special assessment, the association's insurance and its litigation history. Ask how many units are owner-occupied and whether the lender will approve the building — a poorly funded association is the single biggest hidden cost in a condo purchase.
Can 2675 S Bayshore Drive 1601S, Coconut Grove, FL 33133 be rented out?+
Rental rules are set by the association's documents, not the MLS. Many Coconut Grove luxury buildings limit leases to once or twice a year with a minimum term and require board approval and an application fee. Request the declaration and rules before your inspection period ends if rental income matters to your plan.
Is there room to negotiate on 2675 S Bayshore Drive 1601S, Coconut Grove, FL 33133?+
This listing has been on the market 31 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Located in Coconut Grove, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Coconut Grove Elementary School
Elementary · 0.4 mi from this home · 3351 Matilda St, Coconut Grove
Ponce De Leon Middle School
Middle school · 2.4 mi from this home · 5801 Augusto St, Coral Gables
Coral Gables Senior High School
High school · 1.7 mi from this home · 450 Bird Rd, Coral Gables
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
ST. Stephen'S Episcopal Day School
Elementary · Private · Catholic · Grades PK–5 · Coconut Grove
Carrollton School-Sacred Heart
Pre-K & Kindergarten · Private · Catholic · Grades PK–12 · Miami
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
Interested in this property?
$11,500,000 · MLS A12081805
$11,500,000
2675 S Bayshore Drive 1601S
2835 Tigertail Avenue TH 05, Coconut Grove, FL 33133
Listed by Douglas Elliman
The WELL Coconut Grove
4 bd · 5 ba · 3,786 sq ft
$7,572,000
View details2678 Tigertail Avenue 2006, Coconut Grove, FL 33133
Listed by Douglas Elliman
Mr. C Tigertail Tower
3 bd · 4 ba · 2,058 sq ft
$4,250,000
View details2835 S Tigertail Avenue Loft 7, Coconut Grove, FL 33133
Listed by Douglas Elliman
THE WELL Coconut Grove
2 bd · 3 ba · 2,678 sq ft
$4,284,000
View details3350 SW 27th Avenue 1802, Coconut Grove, FL 33133
Listed by Cervera Real Estate Inc.
Ritz Carlton
3 bd · 3 ba · 2,522 sq ft
$2,900,000
View details2575 S Bayshore Drive 10A & 10B, Coconut Grove, FL 33133
Listed by Compass Florida, LLC.
THE COCONUT GROVE BAYSHOR
5 bd · 4 ba · 3,564 sq ft
$4,950,000
View details2835 Tigertail Avenue 409S, Coconut Grove, FL 33133
Listed by Douglas Elliman
THE WELL Coconut Grove
2 bd · 3 ba · 1,927 sq ft
$3,395,000
View details