$6,900,000list price
Price cut$600,000
6 bd · 4.5 ba · 5,012 sq ft Condo or villa
2 GROVE ISLE DR #B801802, MIAMI, FL 33133
Listing courtesy of Coldwell Banker Realty. MLS# A12021534.On the MLS · Listed May 23
$4,675,000
1606 S BAYSHORE DR, MIAMI, FL 33133
7 beds6.5 baths5,588 sq ftHouseBuilt 2026
Updated today, November 3, 2026This home against Fair Isle
$837 per sq ft, 32% under the Fair Isle median
230 days on the market
Price cut $200,000 since it was listed at $4,875,000
6,098 sq ft lot
Private pool
2 car garage
Fair Isle today: 41 homes for sale, median list price $3,775,000.
About this home
Excellent investment opportunity. Property is currently operating as a successful luxury short-term vacation rental with high rental demand and established rental history. Prime location with convenient access to Coral Gables, Key Biscayne, Brickell, Downtown Miami, Miami Beach and the Miami Design District. Ideal for an investor seeking an income-producing Miami asset with flexibility for personal use. Rental history available to serious qualified buyers upon request. Furniture negotiable. Contact Listing Agent for additional information and showing availability.
Zoned schools
Elementary: Coconut Grove Elementary School
Middle: Ponce de Leon Middle School
High: Coral Gables Senior High School
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Steele Mini Park, 0.3 mi
Grocery: The Fresh Market, 0.9 mi
Distances from the center of Fair Isle, MIAMI.
Listing courtesy of Continuum Realty LLC. MLS# A11986774.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed March 18, 2026.