+40 more
$1.3M
Ritz-Carlton Coconut Grov Unit 1503
3350 27th Ave, Unit 1503 • Coconut Grove, FL 33133
About This Unit
One-of-a-kind, stunning, never-lived-in residence at the Ritz-Carlton Executive Residences, Coconut Grove. Fully reimagined in 2024 by Italian design-builder Mauro Burgio, this spectacular home showcases Italian oak herringbone floors, softly curved wall corners, and custom finishes throughout. The gourmet kitchen features Miele appliances, solid wood cabinetry, a custom walnut table, and a handcrafted copper hood. Elegant lighting includes cove, recessed, and under-cabinet illumination. The spa-like primary bath offers a Hastings soaking tub and walnut vanity. Includes Sonos sound, automated window treatments, thermostat, new high-efficiency HVAC, and LG washer/dryer. A truly rare offering there is nothing comparable on the Miami market today.
Pricing at Ritz-Carlton Coconut Grov — $1,445/sqft
Ritz-Carlton Coconut Grov Unit 1503 is listed at $1,445/sqft.
Insider Negotiation Strategy: 1BR units at Ritz-Carlton Coconut Grov typically close at 96.9% of asking. At that ratio, this unit could plausibly trade around $1,254,985.
Based on live MIAMIRE active & closed listings at Ritz-Carlton Coconut Grov.
Time on Market — 181 days
Ritz-Carlton Coconut Grov Unit 1503 has been on the market for 181 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $1,344,000. Reduced to $1,295,000 on Feb 20, 2026 (after 136 days on market) — -3.6% (−$49,000).
Estimated Monthly Cost
Mortgage (P&I)
$7,032
HOA
$1,576
Property Tax
$963
Total / mo
$9,571
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 0.89%.
HOA $1.76/sqft · All-in $10.68/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Ritz-Carlton Coconut Grov.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 1BR Comps at Ritz-Carlton Coconut Grov
UnitListSqft$/sqftDOM
#1503
$1,295,000
896
$1445
181
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
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 Nov 2021 for $508,800 — held 4 years. They’re now asking $1,295,000 — +154.5% (+$786,200) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Nov 2021 | $508,800 | arm’s-length |
| Jan 2004 | $367,000 | arm’s-length |
| Mar 2003 | $305,000 | arm’s-length |
Source: Miami-Dade Property Appraiser. This unit owns 0.6386% of the building’s common elements. County living area: 896 sqft.
Building: Ritz-Carlton Coconut Grov
Unit: 1503
Year Built: 2002
Stories: 25
City: Coconut Grove
Postal Code: 33133
HOA Fee: $1,576 / Monthly
View: Other View, Skyline
Waterfront: Yes
Private Pool: No
Heating: Central, Electric
Cooling: Central Air, Electric
Days on Market: 181
Listed: October 8, 2025
MLS #: A11891310
Location
Listing courtesy of: Cervera Real Estate Inc.
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11891310
• Updated Apr 7, 2026
