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2951 S Bayshore Dr # 3, Miami FL 33133

Penthouse For Sale
$1,300,000

BTC: 20.31250000

ETH: 744.55899198

-$100K (2026/03/19)
118 days
Waterfront
2 bds
2 ba
1,040 sqft

Overview

Experience elevated living in this rare 2-bedroom, 2-bathroom penthouse offering 1,040 SF of interior space plus an expansive 742 SF private rooftop terrace with breathtaking views over Sailboat Bay. Perched atop the iconic Mutiny Hotel in the heart of Coconut Grove, this unique residence delivers the perfect blend of lifestyle and investment flexibility. Enjoy indoor-outdoor living ideal for entertaining, sunset cocktails, or simply soaking in the bay views. The Mutiny is one of the few buildings in Coconut Grove that permits short-term rentals, creating exceptional income potential and versatility for owners. Just steps from the Grove’s best restaurants, cafés, boutiques, waterfront parks, and marinas, this prime location puts you in the center of Miami’s most charming and walkable neighborhood. Truly a one-of-a-kind opportunity — the only property at this price point in Coconut Grove offering a penthouse layout, private rooftop terrace, expansive bay views, and short-term rental flexibility.

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Covered / Valet
Year Built:
1998
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$1,250
Cooling:
Central Air / Electric
HOA:
$1,767

Valuation

Our model vs. what's actually selling nearby.
Estimate
$649,000
$522K – $1.2M
Confidence Low
List vs. estimate
$651K above estimate
List $1,300,000 · +100.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,250
+8.3% vs. city median $1,153
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.4M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$15,183
2026
HOA
$1,767/mo
View
Bay, Ocean View
Waterfront
Yes
Garage
2 car garage
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Flooring

    • Marble

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Microwave

    • Electric Range

    • Refrigerator

    • Washer

    Other interior features

    • First Floor Entry

    • Fire Sprinklers

    • Split Bedroom

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • 2 Or More Spaces

    • Covered

    • Valet

    Property

    • Exterior Features: East Of Us1 / Open Balcony

    Other Property Information

    • Parcel Number: 01-41-21-194-1650

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,767

    • HOA Frequency: Monthly

    • Annual tax amount: $15,183

  • Source details

    • MLS ID: A11960004

    Other facts

    • Construction Materials: Concrete Block Construction

    • Patio And Porch Features: Open Balcony / Patio

    • Architectural Style: High Rise / Penthouse

    • Waterfront: Yes

    • Garage Spaces: 2

    • Garage: Yes

    • Living Area: 1040

    • Subdivision Name: THE MUTINY CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Coldwell Banker Realty