Published by Peter Zalewski
1/4/2024 
5:51:30 PM Project Description:
Designed to follow the natural contours of Grove Isle’s Biscayne Bay shoreline, Vita is an exclusive sanctuary of just 65 exquisitely detailed condominium residences. On this unique private island, days are defined by spectacular sunrise and sunset views and life is elevated by an extensive collection of amenities for wellness, sport, and relaxation.
Over 21 Acres of lush, manicured grounds on Miami’s most unique and accessible private island.
85-slip deep-water marina in one of Miami’s most coveted locations, featuring a dock master and marina concierge (for easy days on the ocean)
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CraneSpotters Preconstruction Condo Project Overview |
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| Condo Description | Details |
| PROJECT NAME | Vita At Grove Isles |
| ADDRESS |
5 Grove Isle Drive Coconut Grove, FL 33133
|
| SUBMARKET | Coconut Grove |
| COUNTY | Miami-Dade |
| WATERFRONT PROJECT | Yes |
| TYPE OF WATERFRONT? | Bayfront |
| NUMBER OF TOWERS | 3 |
| TOTAL FLOORS (BY ELEVATOR) | 7 |
| TOTAL RESIDENTIAL UNITS | 79 |
| BED RANGE | 3 TO 4 |
| RANGE OF SQUARE FEET | 3,400 TO 6,600 |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 1 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 2 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 3 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 4 BED – XX – X,XXX SF |
| MINIMUM PRICE PER UNIT | $ 2,200 Million |
| MONTHLY MAINTENANCE FEE PER UNIT | TBD |
| MONTHLY MAINTENANCE FEE PER SQUARE FOOT | |
| TURNKEY READY | Finished |
| PROPERTY AMENITIES | Island Security, Restaurant, private bayfront pool, private parking with vehicle charging stations.Marina,Tennis Courts,Picketball, Valet Parking, Bicycle storage, Wi-Fi in common areas. |
| WATER VIEWS | Yes |
| PETS PERMITTED | Yes |
| MAXIMUM NUMBER OF PETS | |
| RENTAL TIMES PER YEAR | TBD |
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| UNIT FINANCING AVAILABLE | |
| RECOMMENDED LENDERS | |
| PROJECT STATUS | Under Construction |
| PRESALES UNDERWAY? | |
| RATIO OF PRESALES | |
| SCHEDULED CONSTRUCTION START | |
| SCHEDULED COMPLETION DATE | 2025 |
| YEAR COMPLETED | |
| DEVELOPER | Ugo Colombo -CMC Group |
| COUNTRY OF DEVELOPER | United States |
| DEVELOPER FEE % | |
| ARCHITECT | Callison RTKL |
| ARCHITECTURAL FIRM | |
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Condo Market Inventory Tracker
A Snapshot Of Tricounty South Florida Region Of Miami-Dade, Broward And Palm Beach
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 24,016 | 10.2 |
| Luxury Condos | 3,740 | 15.1 |
| Shortsales | 30 | 15.0 |
| REOs | 126 | 6.6 |
| Rentals | 21,476 | 3.9 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
Confused about whether it is the appropriate time to buy or sell a condo in South Florida? The experts at CVR Realty are here to assist you in crafting a strategy during this uncertain time. Unlike many brokers offering services, our organization has been through the cycles and can assist you to capitalize on the situation.
For a free consultation, please contact the South Florida Condo Experts
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