4
Map
$449,000
↓ $29K (6.5%)
●
Condo -
For Sale
2889 Mcfarlane Rd #1607
Miami, FL 33133
Studio
1 Bath
397 Ft²
$5,168
Est. Monthly
$2,455
HOA / Fees
About This Property
GREAT PROPERTY AND INVESTMENT OPPORTUNITY IN THE HEART OF COCONUT
GROVE! Beautiful studio at the Arya Hotel & Suites offering a
private balcony and great views in a full-service hotel
condominium. With no rental restrictions, this property offers
excellent flexibility for investment, personal enjoyment, or a
combination of both.
Enjoy resort-style amenities including a pool, fitness center, restaurant, squash courts, business center, security, and front desk services. Ideally located within walking distance of Coconut Grove's best restaurants, cafes, shops, nightlife, boating, Regatta Park, and everything the Grove has to offer. A fantastic opportunity to own in one of Miami's most desirable and vibrant neighborhoods!
Enjoy resort-style amenities including a pool, fitness center, restaurant, squash courts, business center, security, and front desk services. Ideally located within walking distance of Coconut Grove's best restaurants, cafes, shops, nightlife, boating, Regatta Park, and everything the Grove has to offer. A fantastic opportunity to own in one of Miami's most desirable and vibrant neighborhoods!
Unit Size
397 Ft²
Days on Market
39 days
Land Size
-
Price per sqft
$1,131
Property Type
Condo
Property Taxes
$508
HOA Dues
$2,455
Year Built
-
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 26 days ago (Miami MLS #A12085433)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | Price Decreased |
$420,000
↓ $29K
(6.5%) | |
| Price Decreased | |||
| Sep 24, 2026 | Listed by Barnes International Realty, LLC | $449,000 | |
| Listed by Barnes International Realty, LLC | |||
   | |||
|
GREAT PROPERTY AND INVESTMENT OPPORTUNITY IN THE HEART OF COCONUT GROVE! Beautiful studio at the Arya Hotel & Suites offering a private balcony and great views in a full-service hotel condominium. With no rental restrictions, this property offers excellent flexibility for investment, personal enjoyment, or a combination of both. Enjoy resort-style amenities including a pool, fitness center, restaurant, squash courts, business center, security, and front desk services. Ideally located within walking distance of Coconut Grove’s best restaurants, cafés, shops, nightlife, boating, Regatta Park, and everything the Grove has to offer. A fantastic opportunity to own in one of Miami’s most desirable and vibrant neighborhoods!
| |||
| Sep 22, 2026 | Price Decreased |
$449,000
↓ $23K
(4.9%) | |
| Price Decreased | |||
| Sep 8, 2026 | Listed by Barnes International Realty, LLC | $472,000 | |
| Listed by Barnes International Realty, LLC | |||
Property Highlights
Garage
Parking Available
Elevator
Doorman
Air Conditioning
With View
Parking Details
Has Garage
Parking Features: Covered, 1 Space, Additional Spaces Available
Garage Spaces: 1
Interior Details
Full Bathrooms: 1
Interior Features: Built-in Features, Lobby, Fire Sprinklers
Flooring Type: Tile
Exterior Details
Has Property Attached
Square Footage: 397
Security Features: Secured Garage/Parking, Fire Sprinklers, Elevator Secure, Card Entry, Guard At Site
Property Condition: Updated/Remodeled
Architectural Style: High Rise
Year Built: 2001
Building Name: Arya Hotel
Building Area Total: 397
Building Area Units: Square Feet
Construction Materials: Concrete
Patio and Porch Features: Open Balcony
Lot Size Units: Square Feet
Financial Details
Tax Annual Amount: $6,094
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Location Details
HOA/Condo/Coop Amenities: Elevator(s), Exercise Course, Other, Sauna, Trash, Community Room
HOA Fee: $2,455
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/19/2023
|
1 Bed
|
2 Bath
|
747 ft²
|
$557,500
1 Bed
2 Bath
747 ft²
|
-
-
|
Debora Pludwinski
Optimar International Realty
| |
|
10/19/2023
|
1 Bed
|
2 Bath
|
767 ft²
|
$557,500
1 Bed
2 Bath
767 ft²
|
-
-
|
Debora Pludwinski
Optimar International Realty
| |
|
10/21/2022
|
1 Bed
|
2 Bath
|
754 ft²
|
$575,000
1 Bed
2 Bath
754 ft²
|
-
-
|
Irina Alvarez PA
One Sotheby's International Realty
| |
|
03/14/2022
|
Studio
|
1 Bath
|
397 ft²
|
$399,900
Studio
1 Bath
397 ft²
|
-
-
|
Debora Pludwinski
Optimar International Realty
| |
|
03/02/2022
|
Studio
|
1 Bath
|
365 ft²
|
$340,000
Studio
1 Bath
365 ft²
|
$320,000
-5.88%
04/07/2022
|
Maxine Siegler
Miami Property Shop
| |
|
02/24/2022
|
1 Bed
|
2 Bath
|
628 ft²
|
$500,000
1 Bed
2 Bath
628 ft²
|
$500,000
06/27/2022
|
Marlily Macareno
Real Estate Sales Force
| |
|
01/20/2022
|
2 Bed
|
3 Bath
|
963 ft²
|
$850,000
2 Bed
3 Bath
963 ft²
|
-
-
|
Maxine Siegler
Miami Property Shop
| |
|
01/14/2022
|
1 Bed
|
2 Bath
|
628 ft²
|
$449,000
1 Bed
2 Bath
628 ft²
|
-
-
|
Roylan Valdivia
Keller Williams Realty SW
| |
|
10/27/2021
|
2 Bed
|
3 Bath
|
1969 ft²
|
$1,500,000
2 Bed
3 Bath
1969 ft²
|
-
-
|
Riley Smith
BHHS EWM Realty
| |
|
08/25/2021
|
Studio
|
1 Bath
|
410 ft²
|
$350,000
Studio
1 Bath
410 ft²
|
$300,000
-14.29%
01/03/2022
|
Irene Fernandez
BHHS EWM Realty
| |
|
08/25/2021
|
1 Bed
|
2 Bath
|
693 ft²
|
$495,000
1 Bed
2 Bath
693 ft²
|
-
-
|
Alexander Pludwinski
Optimar International Realty
| |
|
08/25/2021
|
1 Bed
|
2 Bath
|
628 ft²
|
$490,000
1 Bed
2 Bath
628 ft²
|
-
-
|
Alexander Pludwinski
Optimar International Realty
| |
|
08/25/2021
|
1 Bed
|
2 Bath
|
754 ft²
|
$550,000
1 Bed
2 Bath
754 ft²
|
-
-
|
Alexander Pludwinski
Optimar International Realty
| |
|
08/21/2021
|
1 Bed
|
2 Bath
|
754 ft²
|
$500,000
1 Bed
2 Bath
754 ft²
|
-
-
|
Irina Alvarez PA
One Sotheby's International Realty
| |
|
08/03/2021
|
Studio
|
1 Bath
|
397 ft²
|
$368,000
Studio
1 Bath
397 ft²
|
-
-
|
Alexander Pludwinski
Optimar International Realty
| |
|
08/02/2021
|
Studio
|
1 Bath
|
397 ft²
|
$368,000
Studio
1 Bath
397 ft²
|
-
-
|
Alexander Pludwinski
Optimar International Realty
| |
|
05/19/2021
|
1 Bed
|
2 Bath
|
761 ft²
|
$455,000
1 Bed
2 Bath
761 ft²
|
$435,000
-4.40%
10/20/2021
|
Maxine Siegler
Miami Property Shop
| |
|
03/08/2021
|
1 Bed
|
2 Bath
|
767 ft²
|
$445,000
1 Bed
2 Bath
767 ft²
|
-
-
|
Heloisa Candido
Compass Florida, LLC.
| |
|
02/11/2021
|
2 Bed
|
3 Bath
|
963 ft²
|
$749,990
2 Bed
3 Bath
963 ft²
|
-
-
|
Maxine Siegler
Miami Property Shop
| |
|
01/27/2021
|
2 Bed
|
3 Bath
|
1098 ft²
|
$799,000
2 Bed
3 Bath
1098 ft²
|
-
-
|
Riley Smith
BHHS EWM Realty
| |
|
12/07/2020
|
3 Bed
|
4 Bath
|
1515 ft²
|
$1,150,000
3 Bed
4 Bath
1515 ft²
|
-
-
|
Katrina Fontenot
Floridian Realty Corp.
| |
|
12/02/2020
|
2 Bed
|
3 Bath
|
1098 ft²
|
$799,900
2 Bed
3 Bath
1098 ft²
|
-
-
|
Maxine Siegler
Miami Property Shop
| |
|
10/29/2020
|
1 Bed
|
2 Bath
|
693 ft²
|
$399,000
1 Bed
2 Bath
693 ft²
|
-
-
|
Laurie Ann von Wald
Coldwell Banker Realty
| |
|
06/12/2020
|
1 Bed
|
2 Bath
|
754 ft²
|
$539,000
1 Bed
2 Bath
754 ft²
|
-
-
|
Mariana Niro
Douglas Elliman
| |
|
05/21/2020
|
3 Bed
|
4 Bath
|
1937 ft²
|
$1,475,000
3 Bed
4 Bath
1937 ft²
|
-
-
|
Diana Rodriguez
REALTY ONE GROUP MVP
| |
|
02/04/2020
|
1 Bed
|
2 Bath
|
-
|
$440,000
1 Bed
2 Bath
|
-
-
|
Joanna Berg
Douglas Elliman
| |
|
12/31/2019
|
1 Bed
|
2 Bath
|
628 ft²
|
$450,000
1 Bed
2 Bath
628 ft²
|
-
-
|
Roylan Valdivia
Keller Williams Realty SW
| |
|
10/29/2019
|
1 Bed
|
2 Bath
|
938 ft²
|
$425,000
1 Bed
2 Bath
938 ft²
|
$420,000
-1.18%
12/16/2019
|
David N Wolofsky
The Keyes Company
| |
|
05/14/2019
|
1 Bed
|
2 Bath
|
628 ft²
|
$449,000
1 Bed
2 Bath
628 ft²
|
-
-
|
Roylan Valdivia
Keller Williams Realty SW
| |
|
07/30/2017
| |
3 Bed
|
3 Bath
|
1183 ft²
|
-
3 Bed
3 Bath
1183 ft²
|
-
-
|
-
|
|
04/06/2005
|
2 Bed
|
3 Bath
|
-
|
$615,000
2 Bed
3 Bath
|
$526,375
-14.41%
02/28/2006
|
Alejandro Mizrahi
P & I Florida LLC
|
Building Info
About Northeast Coconut Grove
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Sylvain Bignon
Barnes International Realty, LLC
Last Updated: 26 days ago
Data Source: Miami MLS, MLS# A12085433
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Barnes International Realty, LLC
Last Updated: 26 days ago
Data Source: Miami MLS, MLS# A12085433
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017