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2811 Bayshore Dr, Unit 20BC
+22 more
$9.8M

Park Grove Unit 20BC

2811 Bayshore Dr, Unit 20BC • Miami, FL 33133

at Park Grove

Beds
4
Baths
5
Living Area
3,365 SF
Price / SF
$2,897
HOA / Monthly
$6,231
Days on Market
421

About This Unit

Extraordinary 4-BD, 4.5-BA combined unit in the highly sought-after One Park Grove in Coconut Grove. The residence showcases 3,365 SF of luxurious living with endless bay views. Boasting top-of-the-line finishes, every detail has been meticulously curated and expertly designed by renowned designer Deborah Wecselman to offer unparalleled quality and style. The sizable living and family rooms are adorned with elegant wood slat wall paneling and integrated lighting, creating the perfect ambiance for entertaining. A gourmet eat-in kitchen offers ample counter space, high-end cabinetry, and premium appliances. The entire apartment is graced by exquisite porcelain flooring, both indoors and out, adding a touch of timeless elegance. Enjoy a variety of world-class amenities at One Park Grove.

Pricing at Park Grove — $2,897/sqft
Park Grove Unit 20BC is listed at $2,897/sqft.
Park Grove Unit 20BC vs Recent Sold Listings at Park Grove: This unit is +10.7% higher (+$279/more per sqft) than recent 4BR sales (median $2,618/sqft, based on 3 sales over 24 months).
Insider Negotiation Strategy: 4BR units at Park Grove typically close at 91.9% of asking. At that ratio, this unit could plausibly trade around $8,959,275.
Based on live MIAMIRE active & closed listings at Park Grove.
Time on Market — 421 days
Park Grove Unit 20BC has been on the market for 421 days.
Recent 4BR sales at Park Grove typically went under contract in 90 days (based on 3 sales over 24 months).
Price History
Originally listed at $11,700,000. Reduced to $9,750,000 on Jun 23, 2025 (after 194 days on market) — -16.7% (−$1,950,000).
Estimated Monthly Cost
Mortgage (P&I)
$52,945
HOA
$6,231
Property Tax
$10,395
Total / mo
$69,572
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.28%. HOA $1.85/sqft · All-in $20.68/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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Recent Comparable Sales

Recent Closed 4BR Sales

ClosedUnitSold$/sqftvs List
2025-10-31 #4A $7,000,000 $2156 86.4%
2025-05-15 #15A $12,500,000 $3850 94.3%
2024-12-17 #5A $8,500,000 $2618 91.9%
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
Insider Notes from Ricky
  • Three Rem Koolhaas / OMA towers (2811/2821/2831 S Bayshore Dr) on Biscayne Bay.
  • Most units come with private elevator entry and ~10' ceilings; private dock slips available.
  • Resale liquidity has been slower than Brickell-equivalent inventory — don't anchor to days-on-market here.
What to Verify
Flood Zone: This unit is in flood zone X. Outside the Special Flood Hazard Area — low-to-moderate risk; insurance optional but recommended.
Special Assessments: Special-assessment status not reported by any of the 1 active listings.
Building Age: Built in 2020 (6 years old).
Verify all of the above with the HOA before closing.
Building Activity
1 active listings · 6 closed in last 24mo (0.3/mo pace) → ~4.0 months of supply.
See all Park Grove listings ›
Lifestyle & Rules: Pets allowed (verify size/breed restrictions) · 180-day minimum lease · up to 2 leases per year · $150 application fee · 1-2 weeks approval.
Building: Park Grove
Unit: 20BC
Year Built: 2020
Stories: 23
City: Miami
Postal Code: 33133
HOA Fee: $6,231 / Monthly
View: Bay, Other View
Waterfront: Yes
Private Pool: No
Heating: Central, Electric
Cooling: Central Air, Electric
Days on Market: 421
Listed: December 12, 2024
MLS #: A11706795

Location

Tour with Ricky

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Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Ricky Garcia
Ricky Garcia
Ricky J. Garcia LLC
Licensed with Global Luxury Realty
Listing courtesy of: Coldwell Banker Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11706795 • Updated Feb 6, 2026 • Photos uploaded 502 days ago — check listing for current condition.