HomeCondos for SaleRitz-Carlton Coconut GrovUnit 1406
3350 27th Ave, Unit 1406
3350 27th Ave, Unit 1406 photo 13350 27th Ave, Unit 1406 photo 23350 27th Ave, Unit 1406 photo 33350 27th Ave, Unit 1406 photo 43350 27th Ave, Unit 1406 photo 53350 27th Ave, Unit 1406 photo 63350 27th Ave, Unit 1406 photo 73350 27th Ave, Unit 1406 photo 8
+39 more
$2.4M

Ritz-Carlton Coconut Grov Unit 1406

3350 27th Ave, Unit 1406 • Miami, FL 33133

at Ritz-Carlton Coconut Grov

Beds
2
Baths
3
Living Area
2,028 SF
Price / SF
$1,159
HOA / Monthly
$3,756
Days on Market
6
Insider Price

About This Unit

Completely reimagined and meticulously renovated, this stunning 2-Bed, 2.5-Bath residence in the Executive Residences tower at The Ritz-Carlton Residences Coconut Grove offers a turnkey, fully renovated luxury living experience in the heart of Coconut Grove. Priced at $2,350,000, this residence showcases an extensive $500,000 renovation with refined modern design and top-tier finishes throughout. The open-concept kitchen has been thoughtfully redesigned and outfitted with brand-new Sub-Zero, Wolf, and Cove appliances, including a speed oven, wall oven, custom hood, and integrated refrigerator/freezer. Custom cabinetry, a redesigned island, and upgraded fixtures deliver both style and functionality. Porcelain flooring flows seamlessly throughout, complemented by wood paneling, designer wallpaper, and new lighting, including ambient lighting in both bedrooms. No detail has been overlooked, with upgrades including new high-impact sliding glass doors, a new HVAC system with Google Nest Thermostat (4th gen), custom closets, new doors, baseboards, outlets, and switches. Spa-inspired bathrooms feature TOTO washlet technology in the primary suite, custom vanities, and walk-in showers with Hansgrohe systems. Residents enjoy world-class Ritz-Carlton amenities, including a full-service spa, state-of-the-art fitness center, heated resort-style pool with poolside bar, beauty salon, on-site restaurant, and 24-hour concierge, doorman, and valet—delivering a true 5-star lifestyle.

Pricing at Ritz-Carlton Coconut Grov — $1,159/sqft
Ritz-Carlton Coconut Grov Unit 1406 is listed at $1,159/sqft.
Insider Negotiation Strategy: 2BR units at Ritz-Carlton Coconut Grov typically close at 96.9% of asking. At that ratio, this unit could plausibly trade around $2,277,385.
Based on live MIAMIRE active & closed listings at Ritz-Carlton Coconut Grov.
Time on Market — 6 days
Ritz-Carlton Coconut Grov Unit 1406 has been on the market for 6 days.
Building-level pace data is thin for this bedroom count.
Estimated Monthly Cost
Mortgage (P&I)
$12,761
HOA
$3,756
Property Tax
$2,089
Total / mo
$18,606
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.07%. HOA $1.85/sqft · All-in $9.17/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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Recent Comparable Sales

Active 2BR Comps at Ritz-Carlton Coconut Grov

UnitListSqft$/sqftDOM
#1406 $2,350,000 2,028 $1159 6
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
Insider Notes from Ricky
  • Ritz-Carlton Coconut Grov is a 22-story mid-high-rise at 3350 27th Ave, Miami, FL 33133, built 2002. Currently 2 active listings on the market, with active asking prices ranging up to $2.4M.
  • Neighborhood: Coconut Grove. Coconut Grove is Miami's first incorporated neighborhood (1873) -- older than Miami itself by 23 years. Mature live-oak canopy, walkable streets, low-rise buildings tucked under trees, sailing clubs, and a downtown core (Cocowalk to Bayshore) that's slow on purpose.
  • Buyer profile here: Family buyers (Carrollton, Ransom Everglades, Coconut Grove Elementary), boating-focused buyers, established-money second-home owners.
  • Built 2002 -- recertification trigger in 1 years.
  • Mid-luxury tier with active inventory ranging up to $2.4M.
  • At 22 stories, Ritz-Carlton Coconut Grov is mid-rise scale -- a typical balance of view exposure and intimate community feel.
  • Compared anchor: Compared to Coral Gables (Mediterranean-formal, structured), the Grove is bohemian-water, oriented around the marina and Cocowalk.
  • Rental rules vary per association in this market -- most Miami-Dade condos require 6 or 12-month minimum leases. Verify per-association before assuming Airbnb potential.
  • Pre-offer diligence: Most Coconut Grove condos restrict short-term rentals heavily. Marina-access matters -- verify slip availability or yacht-club reciprocity before assuming.
  • Ricky has worked the Coconut Grove market for years and can pull HOA documents, recent comps, and reserve study status on any unit you're considering. Text (305) 33-RICKY -- that's (305) 337-4259 -- for a same-week walk-through.
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.
Building Age: Built in 2002 (24 years old).
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Jul 2024 for $1,750,000 — held 2 years. They’re now asking $2,350,000+34.3% (+$600,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
⚡ Possible Flip
22 months ago the current owner paid $1,750,000. They’re now asking +34.3% over that — $600,000 more in 22 months.
Sales History
Date Price Type
Jul 2024 $1,750,000 arm’s-length
Jan 2014 $849,000 arm’s-length
Dec 2002 $630,000 arm’s-length
Source: Miami-Dade Property Appraiser. This unit owns 1.4308% of the building’s common elements. County living area: 2,028 sqft.
Unit: 1406
Year Built: 2002
Stories: 22
City: Miami
Postal Code: 33133
HOA Fee: $3,756 / Monthly
View: Bay, Water View
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 6
Listed: April 28, 2026
MLS #: A12008794

Location

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Schedule your private showing. Get pricing history, negotiation strategy, and the things the listing won't tell you.

Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Listing courtesy of: Luxe Living Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A12008794 • Updated May 4, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

Ready to Make an Offer?

Ricky Garcia  |  Global Luxury Realty  |  License #3521781

Ricky has closed deals at Ritz-Carlton Coconut Grov. He knows the HOA, the best floors, and which units to avoid. Get a free no-pressure market analysis before you make any offer.

CALL (305) 33-RICKY That's (305) 337-4259
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