$743,000

2889 Mcfarlane Rd #1014, Miami, FL 33133

Bedrooms
1
Baths
2
Living area
693 ft²
Price per ft²
$1,072 / ft²
Type
Condo
Year built
2001
HOA
$4,170 / mo HOA
On market
53 days on market
MLS #
A12064903

Professionally designed and fully renovated, this bayfront one-bedroom, one-and-a-half-bath residence at Arya Hotel & Suites combines luxury, flexibility, and an unbeatable Coconut Grove location. Wide open Biscayne Bay views from a private balcony set the stage for Miami's spectacular sunrises, while high-end finishes throughout deliver a move-in-ready home designed for effortless living. Steps from the Grove's renowned restaurants, cafés, boutiques, marinas, parks, and vibrant village life, yet with quick access to Brickell, Downtown, Key Biscayne, and MIA. The building is currently undergoing significant upgrades, further enhancing its appeal and long-term value. A rare advantage: absolutely no rental restrictions—live in it, rent it short- or long-term, or maximize income potential. An outstanding opportunity as a primary home, vacation retreat, or investment in one of Miami's most desirable waterfront neighborhoods. Renovation nearing completion; professional photos coming soon.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $1,072. The median for recorded sales in the same ZIP codes is $809/ft² — putting it 33% above the median.
  • Position in the area’s price distributionThe asking price is $743,000; the median of recorded sales in the area is $1,310,000 (830 sales). On raw price that is 43% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $4,170 per month comes to $50,040 a year — 6.7% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33133, 33129 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$222,900
Term

6.95% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 17, 2026.

Estimated monthly payment$3,443
Loan amount
$520,100
Total interest over the term
$719,305
Total repaid
$1,239,405

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Miami Property Shop

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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