Rare Two-Key Residence in the Heart of Coconut Grove!
This exceptionally flexible 1-bedroom, 2-bath two-key floor plan offers endless possibilities—live in one side while renting the other, host guests with privacy, or maximize income with a proven rental strategy. Thoughtfully designed for versatility, this layout adapts seamlessly to owner-occupants, investors, or pied-à-terre buyers.
Located in the vibrant heart of Coconut Grove, this residence boasts a strong and established rental history with no rental restrictions, making it a standout opportunity in one of Miami’s most sought-after neighborhoods.
Step outside and enjoy a true walkable lifestyle—cafés, award-winning restaurants, waterfront parks, galleries, festivals, and live music are all just moments away. From weekend jazz and art events to sunset dinners under the banyan trees, this is Grove living at its best.
A rare blend of creative design, income potential, and unbeatable location—perfect as a primary residence, vacation home, or high-performing investment.
Amenities
Business Center
Pool
Sauna
Trash
Elevators
Interior Features
Bedroom On Main Level
Closet Cabinetry
Entrance Foyer
Exterior Features
Balcony
Property Tax Information
Tax Amount: $9,870
Tax Year: 2024
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Property Taxes
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varies by area. Homeowners pay this tax annually, semi-annually, or as part of a
monthly mortgage payment.
HOA Fees
Fees paid by homeowners within a shared complex to pay
for building repairs and operation costs. HOA fees are typically paid monthly or
quarterly.
Homeowners Insurance Homeowners insurance covers
losses and damages to your
home, property, personal belongings, and other assets in your home. The policy
also provides liability coverage against accidents in the home or on the
property. When applying for a mortgage, the applicant is usually required to
provide proof of insurance on the property before the financial institution will
approve the loan.
Private Mortgage Insurance (PMI) Borrowers with a down payment of less than 20% may be
required to purchase mortgage insurance. Mortgage insurance protects the
mortgage lender against loss if a borrower defaults on their loan. Typically,
mortgage insurance rates range from 0.2%–2% of the loan amount per year. Your
actual rate may vary.
Coconut Grove 2889 Mcfarlane Rd #1812 has 1 Beds , 2 Bathrooms , and 679 square feet. The asking price for this property is $700000, or $1030 per square feet.
1 Beds
2 Baths
