7 min read|April 14, 2026

Coconut Grove waterfront: an investor’s view

A 4,453 sq ft Coconut Grove condominium priced at USD 6.2M — how Diego Ramos with the Liz Hogan Group at Compass Florida packages waterfront inventory for international buyers, with operational and tax considerations.

Coconut Grove waterfront: an investor’s view
Mia Pedersen
Mia Pedersen
Investment Property Analyst
Market:United States
CountryUS

Nestled in Miami’s Coconut Grove, a four‑bedroom waterfront condominium at 3535 Hiawatha Avenue offers a rare combination of scale, privacy and direct Biscayne Bay views. Priced at USD 6,200,000, this 4,453 sq ft residence blends the spatial logic of a private home with full‑service building amenities — and it’s the kind of listing that illustrates how Diego Ramos with the Liz Hogan Group at Compass Florida connects international capital with Miami’s upper‑tier inventory.

Discovering this Coconut Grove residence with Diego Ramos

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Take the property as a case study. The residence presents a flow‑through plan with a private elevator entry, two expansive primary suites, three additional full baths and a staff suite — a floorplan tailored to long‑stay international owners who need both family space and separate service/guest accommodation. As shown in the photos, expansive glazing frames uninterrupted bay views and a large terrace with a private plunge pool, which together create a marketable asset for high‑end short or long rentals and lifestyle ownership alike.

From an investor’s perspective, properties that combine large internal area (4,453 sq ft), secure parking (three assigned spaces) and storage units in a full‑service development reduce operating friction — fewer administrative hurdles, stronger tenant appeal and higher net yields versus comparable non‑serviced product. Diego Ramos and the Liz Hogan Group foreground these operational advantages when advising buyers who will rent or use the unit seasonally.

Property features that matter to international buyers

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The building’s amenity package — private marina, lap pool with cabanas, two spas, fitness centre and a 5,000 sq ft botanical garden — is important when quantifying rental yield potential and occupancy. Premium amenities support higher nightly rates for short‑term lets and attract long‑term tenants prepared to pay a premium for lifestyle and security. The images capture both the terrace orientation and communal amenity areas that contribute to those revenue premiums.

Key specifications at a glance

Price: USD 6,200,000

Living area: 4,453 sq ft — 4 bedrooms, 5.5 bathrooms

Built: 2011; private terrace with plunge pool; 3 assigned parking spaces; private elevator entry

For comparison purposes, direct bay‑front condominiums in Coconut Grove that exceed 4,000 sq ft and include full marina access trade at a measurable premium relative to inland waterfront ensembles. When Diego Ramos positions this property to buyers in Europe or Latin America, he quantifies that premium using comparable transaction data, rent roll proxies and operating cost models tailored to non‑US resident owners.

How Diego Ramos with the Liz Hogan Group adds investor value

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Diego Ramos combines 15 years of Miami market experience with the Liz Hogan Group’s brokerage infrastructure to deliver a process familiar to international investors: market calibration, localized due diligence, cost of ownership modelling and post‑purchase operational setup. Their 88.54/100 agency rating and consistent five‑star client feedback reflect repeat transactions and referrals from cross‑border clients who value clarity on taxes, rental regimes and residency implications.

Practically, that means Diego’s team will: assemble comparable sales and rent analysis, estimate net yields after HOA and taxes, coordinate inspections and title reviews with bilingual specialists, and connect buyers to vetted property management, legal and tax advisors. For assets like this waterfront condominium — where maintenance, marina fees and insurance materially affect net returns — that end‑to‑end coordination reduces execution risk for buyers based overseas.

What the agency did for this listing

In this case, the Liz Hogan Group curated a presentation that highlights revenue drivers: terrace and pool for private use and high‑end short‑let appeal, two primary suites for flexible owner/guest arrangements, and a private elevator for privacy and security. The marketing materials (see the property imagery) emphasise floor‑to‑ceiling glazing and finishes such as marble countertops and Miele appliances — items that accelerate tenant demand in Miami’s luxury segment.

Miami context: Coconut Grove as an investment micro‑market

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Coconut Grove occupies a distinct position within Miami: it blends strong waterfront leisure demand with a neighbourhood character that supports both family living and premium short‑term occupancy. For international buyers, that mix translates into diversified income streams — steadier long‑term leases from families and higher seasonal rates from leisure renters. Diego Ramos evaluates historical occupancy, local school catchments and marina demand to stress‑test cash‑flow models for properties like this one.

Considerations specific to foreign buyers: non‑resident tax treatment on rental income, FIRPTA exposure on sales, and homeowners association assessments. The Liz Hogan Group provides referrals to tax counsel who model after‑tax yields — essential because headline yields can differ materially from net returns once U.S. withholding and local levies are applied.

Operational checklist for similar purchases

1. Request an itemised operating cost sheet: HOA, utilities, marina, insurance.

2. Compare rent comparables seasonally, not just annually — coastal markets are seasonal.

3. Obtain a localized title and insurance review to understand insurability near water.

4. Factor in repatriation and withholding tax effects when modelling net yield.

Conclusion — why this listing matters to international investors

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This Coconut Grove condominium exemplifies the rare product type that combines sizable internal living area, waterfront access and institutional‑grade amenities — attributes that preserve capital value and offer multiple income pathways. Diego Ramos with the Liz Hogan Group at Compass Florida translates those attributes into quantifiable investment propositions for buyers outside the U.S., reducing cross‑border execution risk and clarifying expected returns.

If you are evaluating Miami waterfront real estate from overseas, request Diego Ramos’s operating model for this residence. He provides comparable transaction analysis, an estimated post‑tax yield schedule and a practical plan for handover to local property management — essential inputs for a disciplined investment decision.

Images in the gallery illustrate the layout, terrace orientation and amenity quality referenced above; reviewing them alongside the agency’s financial packet will materially shorten due diligence and surface the true drivers of value.

Contact Diego Ramos with the Liz Hogan Group at Compass Florida to request the full financial dossier, rent roll proxies and a buyer‑specific cost of ownership analysis.

Mia Pedersen
Mia Pedersen
Investment Property Analyst

Danish relocation specialist who moved to Cyprus in 2018, helping Nordic clients diversify with rental yields and residency considerations.

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