The Monarch Grove
2977 Mcfarlane Road, Miami, FL 33133
Grove Center
Folio 0141212320001
- Year built
- 1990
- Residences
- 11
- Building area
- 15,511 sq ft
- Median residence
- 1,451 sq ft
- FEMA flood zone
- Zone X
- Latest arms-length sale
- $445,000 · Jul 2021
- Median sale (10 yr)
- $360,000
- Recorded transfers
- 33
The Monarch Grove is an 11-residence boutique condominium building at 2977 Mcfarlane Road, in Coconut Grove. County records list 1990 as the year built. It has a median residence of 1,451 square feet.
The recorded market runs to 29 arms-length sales since 2002, an annual turnover rate of 4.5 percent of the building over the past decade, and a median of $228 per square foot. Across 18 same-unit resales, 83 percent sold above their prior recorded price, with a median gain of 20 percent over a median hold of 3.4 years.
Own a residence at The Monarch Grove? See what it would sell for.
Choose what fits: a property-specific pricing review informed by local transaction records and market research, a conversation about buying in this market, or help planning a move between markets. Local representation is coordinated where appropriate.
646.939.7375 · c.cohen@compass.com
At a glance
Condominium: The condominium is named The Monarch Grove Condominium.
Building type: Low-rise elevator condominium, 11 residences
Floors: 3
Unit sizes: About 1,000 to 1,575 square feet
Features: Balconies, open plans, high ceilings and large windows; elevator, assigned and guest parking.
Source: The Roebling Research Desk.
Why The Monarch Grove matters
The Monarch Grove is small and central. Eleven residences share one elevator building a short walk from the Grove's main streets. There is no tower and no amenity deck. The draw is location and a small association.
The building was completed in 1990. Florida's milestone inspection and structural integrity reserve study rules apply to condominium buildings of three or more stories; ask for the inspection report, the reserve study and any assessment history. With 11 owners, any special assessment is divided among few people.
Coconut Grove and McFarlane Road
McFarlane Road runs through the middle of Coconut Grove, a few blocks from Peacock Park and Regatta Park on Biscayne Bay, and within walking distance of CocoWalk and the Grove Center. The Grove is a village-scale neighborhood on the bay with a marina district, tree-lined residential streets and a walkable core. Brickell and Downtown are a short drive north.
The building sits in the middle of that core, with 11 residences.
Architecture and unit composition
The building is a three-story elevator low-rise. Residences are one- and two-bedroom plans. Sizes run from about 1,000 to 1,575 square feet, with the penthouse level at the larger end. Bathroom counts vary by plan. Residences have balconies and high ceilings.
Confirm exposure and view for any specific residence.
Building operations
Parking includes assigned and guest spaces. With 11 units, the budget per owner is sensitive to a single large item such as a roof, an elevator or concrete restoration, so the reserve study is the first document to read.
Policy framework
Policies, fees and applications, including pet, rental and minimum-lease rules, are set by the association and should be confirmed at offer stage.
Sales context
Leasing rules matter to anyone buying as an investment. One recorded sale, July 2021, at $445,000. It is one sale, not a building price.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
What to know if you're buying at The Monarch Grove
Read the reserve study and inspection status first. Ask the association for the inspection schedule, the structural integrity reserve study and any assessment history.
Confirm leasing rules. Minimum lease terms and approval requirements decide whether the unit works as an investment.
Get the floor plan. Ask for the association's size schedule.
What to know if you're selling at The Monarch Grove
Price against the plan type. One- and two-bedroom residences run from roughly 1,000 to 1,575 square feet.
Have the documents ready. Budget, reserve study, financials and inspection status shorten diligence in a building this small.
Comparable buildings
- Mutiny Park — a Coconut Grove condominium on McFarlane Road.
- Park Grove — a larger, amenity-heavy Coconut Grove condominium complex.
- Grovenor House — a Coconut Grove condominium tower.
The neighborhood
For the full neighborhood — its buildings and recorded pricing — read The Roebling Index guide to Coconut Grove.
Run the numbers
- Miami buyer closing cost calculator — documentary stamps on the mortgage, intangible tax, title insurance and the condo estoppel.
- Miami seller closing cost calculator — the deed documentary stamp tax, title, closing and association transfer fees.
Related guides
- Post-Surfside Miami condo diligence — milestone inspections, structural integrity reserve studies and special assessments.
- Florida Save Our Homes, explained — the assessment cap, the homestead exemption and portability.
Recorded sales history
Recorded transfers for this building in Miami-Dade County public records, back to Nov 2002. Prices reflect the recorded consideration; transfers the Property Appraiser does not qualify as arms-length are shown unmarked. Nominal-consideration paper transfers (deeds into trusts and LLCs, estate and family transfers, corrective deeds) are part of the record but not sales, and are omitted from this table. Recording lags closing, so the newest sales can take several weeks to appear.
| Date | Residence | Size | Price | Arms-length |
|---|---|---|---|---|
| Jul 2021 | 10 | 1,280 sf | $445,000 | ✓ |
| Aug 2018 | 10 | 1,280 sf | $360,000 | ✓ |
| Apr 2018 | 2 | 1,299 sf | $390,000 | ✓ |
| Apr 2017 | 10 | 1,280 sf | $339,000 | ✓ |
| Dec 2016 | 11 | 1,539 sf | $325,000 | ✓ |
| Dec 2015 | 3 | 1,037 sf | $295,000 | ✓ |
| Oct 2015 | 9 | 1,475 sf | $435,000 | ✓ |
| Dec 2014 | 4 | 1,299 sf | $377,500 | ✓ |
| Jan 2014 | 10 | 1,280 sf | $305,000 | ✓ |
| Aug 2013 | 5 | 1,636 sf | $400,000 | ✓ |
| May 2011 | 3 | 1,037 sf | $180,000 | ✓ |
| Dec 2008 | 6 | 1,451 sf | $265,000 | ✓ |
| Sep 2007 | 9 | 1,475 sf | $375,000 | ✓ |
| Dec 2006 | 4 | 1,299 sf | $240,000 | ✓ |
| Jul 2006 | 1 | 1,643 sf | $394,000 | ✓ |
| Apr 2005 | 8 | 1,573 sf | $341,000 | ✓ |
| Apr 2005 | 7 | 1,279 sf | $291,000 | ✓ |
| Mar 2005 | 6 | 1,451 sf | $360,000 | ✓ |
| Feb 2005 | 9 | 1,475 sf | $270,000 | ✓ |
| Feb 2005 | 5 | 1,636 sf | $350,000 | ✓ |
| Jun 2004 | 11 | 1,539 sf | $260,000 | ✓ |
| Jun 2004 | 10 | 1,280 sf | $235,000 | ✓ |
| Apr 2004 | 8 | 1,573 sf | $490,000 | ✓ |
| Apr 2004 | 7 | 1,279 sf | $490,000 | ✓ |
| Nov 2003 | 6 | 1,451 sf | $289,000 | ✓ |
| Nov 2003 | 4 | 1,299 sf | $230,000 | ✓ |
| Jul 2003 | 5 | 1,636 sf | $324,000 | ✓ |
| Feb 2003 | 2 | 1,299 sf | $225,000 | ✓ |
| Nov 2002 | 1 | 1,643 sf | $290,000 | ✓ |
✓ = qualified arms-length per the Miami-Dade Property Appraiser. 4 nominal-consideration paper transfers omitted.
This page reflects publicly available information compiled by The Roebling Research Desk. Specific building details should be confirmed with the association during due diligence; the recorded Declaration of Condominium, the current building budget, the current tax bill, the structural integrity reserve study and milestone-inspection status should be reviewed for any specific transaction. © 2026 The Roebling Team at Compass.
Considering a move at The Monarch Grove?
Request a private building brief with the relevant recorded sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com
Building facts and sales records are compiled from Miami-Dade County public records (Property Appraiser) and reviewed against recognized architectural references. Figures are reported as recorded and may be updated as the county updates its records. This page is informational and is not an offer or solicitation. Apartment estimates are automated, from public records, and are not appraisals.
The Roebling Team at Compass is led by Corey Cohen, a New York licensed associate real estate broker. For a purchase or sale in Miami, we introduce you to a licensed Compass agent there by referral and handle the New York side of your move ourselves. This page and its calculators are research, not an offer of representation.
To plan a move between Manhattan and Miami, schedule a consultation; where appropriate we’ll introduce you to a vetted Compass agent in the local market.